Annatto Market, Global Outlook and Forecast 2023-2029

Report ID: MMG42300 | Category: Chemical & Material | Pages: 79 | Format: PDF | Published Date: February 21,2023

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Report Summary

Annatto is an orange-red condiment and food coloring derived from the seeds of the achiote tree. It is often used to impart a yellow or orange color to foods, but sometimes also for its flavor and aroma. The color of annatto comes from various carotenoid pigments, mainly bixin and norbixin, found in the reddish waxy coating of the seeds. 
Annatto and its extracts are now widely used in an artisanal or industrial scale as a coloring agent in many processed food products, such as cheeses, dairy spreads, butter and margarine, custards, cakes and other baked goods, potatoes, snack foods, breakfast cereals, smoked fish, sausages, and more. In these uses, annatto is a natural alternative to synthetic food coloring compounds, but it has been linked to cases of food-related allergies.
This report aims to provide a comprehensive presentation of the global market for Annatto, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Annatto. This report contains market size and forecasts of Annatto in global, including the following market information:
Global Annatto Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Annatto Market Sales, 2018-2023, 2024-2029, (MT)
Global top five Annatto companies in 2022 (%)
The global Annatto market was valued at US$ 50 million in 2022 and is projected to reach US$ 63 million by 2029, at a CAGR of 3.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Annatto key players include DDW, Hansen, FMC, AICACOLOR, Biocon del Peru, etc. Global top five manufacturers hold a share over 30%.
Asia-Pacific is the largest market, with a share about 40%, followed by Europe, and North America, both have a share about 45 percent. 
In terms of product, Water-Soluble Annatto is the largest segment, with a share over 90%. And in terms of application, the largest application is Food Industrial, followed by Natural Fabric Industrial, Cosmetic Industrial, etc.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Annatto manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Annatto Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Annatto Market Segment Percentages, by Type, 2022 (%)
    Oil-Soluble Annatto
    Water-Soluble Annatto
    Emulsified Annatto
Global Annatto Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Annatto Market Segment Percentages, by Application, 2022 (%)
    Food Industrial
    Cosmetic Industrial
    Natural Fabric Industrial
    Pharmaceutical Industrial
    Others
Global Annatto Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Annatto Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Annatto revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Annatto revenues share in global market, 2022 (%)
Key companies Annatto sales in global market, 2018-2023 (Estimated), (MT)
Key companies Annatto sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    DDW
    Hansen
    FMC
    WILD Flavors
    Kalsec
    Vinayak Ingredients
    Aarkay Food Products
    AICACOLOR
    Biocon del Peru
    Zhongda Biological
    Guangzhou Qianyi
Outline of Major Chapters:
Chapter 1: Introduces the definition of Annatto, market overview.
Chapter 2: Global Annatto market size in revenue and volume.
Chapter 3: Detailed analysis of Annatto manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Annatto in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Annatto capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
    1.1 Annatto Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Annatto Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Annatto Overall Market Size
    2.1 Global Annatto Market Size: 2022 VS 2029
    2.2 Global Annatto Revenue, Prospects & Forecasts: 2018-2029
    2.3 Global Annatto Sales: 2018-2029
3 Company Landscape
    3.1 Top Annatto Players in Global Market
    3.2 Top Global Annatto Companies Ranked by Revenue
    3.3 Global Annatto Revenue by Companies
    3.4 Global Annatto Sales by Companies
    3.5 Global Annatto Price by Manufacturer (2018-2023)
    3.6 Top 3 and Top 5 Annatto Companies in Global Market, by Revenue in 2022
    3.7 Global Manufacturers Annatto Product Type
    3.8 Tier 1, Tier 2 and Tier 3 Annatto Players in Global Market
        3.8.1 List of Global Tier 1 Annatto Companies
        3.8.2 List of Global Tier 2 and Tier 3 Annatto Companies
4 Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Annatto Market Size Markets, 2022 & 2029
        4.1.2 Oil-Soluble Annatto
        4.1.3 Water-Soluble Annatto
        4.1.4 Emulsified Annatto
    4.2 By Type - Global Annatto Revenue & Forecasts
        4.2.1 By Type - Global Annatto Revenue, 2018-2023
        4.2.2 By Type - Global Annatto Revenue, 2024-2029
        4.2.3 By Type - Global Annatto Revenue Market Share, 2018-2029
    4.3 By Type - Global Annatto Sales & Forecasts
        4.3.1 By Type - Global Annatto Sales, 2018-2023
        4.3.2 By Type - Global Annatto Sales, 2024-2029
        4.3.3 By Type - Global Annatto Sales Market Share, 2018-2029
    4.4 By Type - Global Annatto Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Annatto Market Size, 2022 & 2029
        5.1.2 Food Industrial
        5.1.3 Cosmetic Industrial
        5.1.4 Natural Fabric Industrial
        5.1.5 Pharmaceutical Industrial
        5.1.6 Others
    5.2 By Application - Global Annatto Revenue & Forecasts
        5.2.1 By Application - Global Annatto Revenue, 2018-2023
        5.2.2 By Application - Global Annatto Revenue, 2024-2029
        5.2.3 By Application - Global Annatto Revenue Market Share, 2018-2029
    5.3 By Application - Global Annatto Sales & Forecasts
        5.3.1 By Application - Global Annatto Sales, 2018-2023
        5.3.2 By Application - Global Annatto Sales, 2024-2029
        5.3.3 By Application - Global Annatto Sales Market Share, 2018-2029
    5.4 By Application - Global Annatto Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
    6.1 By Region - Global Annatto Market Size, 2022 & 2029
    6.2 By Region - Global Annatto Revenue & Forecasts
        6.2.1 By Region - Global Annatto Revenue, 2018-2023
        6.2.2 By Region - Global Annatto Revenue, 2024-2029
        6.2.3 By Region - Global Annatto Revenue Market Share, 2018-2029
    6.3 By Region - Global Annatto Sales & Forecasts
        6.3.1 By Region - Global Annatto Sales, 2018-2023
        6.3.2 By Region - Global Annatto Sales, 2024-2029
        6.3.3 By Region - Global Annatto Sales Market Share, 2018-2029
    6.4 North America
        6.4.1 By Country - North America Annatto Revenue, 2018-2029
        6.4.2 By Country - North America Annatto Sales, 2018-2029
        6.4.3 US Annatto Market Size, 2018-2029
        6.4.4 Canada Annatto Market Size, 2018-2029
        6.4.5 Mexico Annatto Market Size, 2018-2029
    6.5 Europe
        6.5.1 By Country - Europe Annatto Revenue, 2018-2029
        6.5.2 By Country - Europe Annatto Sales, 2018-2029
        6.5.3 Germany Annatto Market Size, 2018-2029
        6.5.4 France Annatto Market Size, 2018-2029
        6.5.5 U.K. Annatto Market Size, 2018-2029
        6.5.6 Italy Annatto Market Size, 2018-2029
        6.5.7 Russia Annatto Market Size, 2018-2029
        6.5.8 Nordic Countries Annatto Market Size, 2018-2029
        6.5.9 Benelux Annatto Market Size, 2018-2029
    6.6 Asia
        6.6.1 By Region - Asia Annatto Revenue, 2018-2029
        6.6.2 By Region - Asia Annatto Sales, 2018-2029
        6.6.3 China Annatto Market Size, 2018-2029
        6.6.4 Japan Annatto Market Size, 2018-2029
        6.6.5 South Korea Annatto Market Size, 2018-2029
        6.6.6 Southeast Asia Annatto Market Size, 2018-2029
        6.6.7 India Annatto Market Size, 2018-2029
    6.7 South America
        6.7.1 By Country - South America Annatto Revenue, 2018-2029
        6.7.2 By Country - South America Annatto Sales, 2018-2029
        6.7.3 Brazil Annatto Market Size, 2018-2029
        6.7.4 Argentina Annatto Market Size, 2018-2029
    6.8 Middle East & Africa
        6.8.1 By Country - Middle East & Africa Annatto Revenue, 2018-2029
        6.8.2 By Country - Middle East & Africa Annatto Sales, 2018-2029
        6.8.3 Turkey Annatto Market Size, 2018-2029
        6.8.4 Israel Annatto Market Size, 2018-2029
        6.8.5 Saudi Arabia Annatto Market Size, 2018-2029
        6.8.6 UAE Annatto Market Size, 2018-2029
7 Manufacturers & Brands Profiles
    7.1 DDW
        7.1.1 DDW Company Summary
        7.1.2 DDW Business Overview
        7.1.3 DDW Annatto Major Product Offerings
        7.1.4 DDW Annatto Sales and Revenue in Global (2018-2023)
        7.1.5 DDW Key News & Latest Developments
    7.2 Hansen
        7.2.1 Hansen Company Summary
        7.2.2 Hansen Business Overview
        7.2.3 Hansen Annatto Major Product Offerings
        7.2.4 Hansen Annatto Sales and Revenue in Global (2018-2023)
        7.2.5 Hansen Key News & Latest Developments
    7.3 FMC
        7.3.1 FMC Company Summary
        7.3.2 FMC Business Overview
        7.3.3 FMC Annatto Major Product Offerings
        7.3.4 FMC Annatto Sales and Revenue in Global (2018-2023)
        7.3.5 FMC Key News & Latest Developments
    7.4 WILD Flavors
        7.4.1 WILD Flavors Company Summary
        7.4.2 WILD Flavors Business Overview
        7.4.3 WILD Flavors Annatto Major Product Offerings
        7.4.4 WILD Flavors Annatto Sales and Revenue in Global (2018-2023)
        7.4.5 WILD Flavors Key News & Latest Developments
    7.5 Kalsec
        7.5.1 Kalsec Company Summary
        7.5.2 Kalsec Business Overview
        7.5.3 Kalsec Annatto Major Product Offerings
        7.5.4 Kalsec Annatto Sales and Revenue in Global (2018-2023)
        7.5.5 Kalsec Key News & Latest Developments
    7.6 Vinayak Ingredients
        7.6.1 Vinayak Ingredients Company Summary
        7.6.2 Vinayak Ingredients Business Overview
        7.6.3 Vinayak Ingredients Annatto Major Product Offerings
        7.6.4 Vinayak Ingredients Annatto Sales and Revenue in Global (2018-2023)
        7.6.5 Vinayak Ingredients Key News & Latest Developments
    7.7 Aarkay Food Products
        7.7.1 Aarkay Food Products Company Summary
        7.7.2 Aarkay Food Products Business Overview
        7.7.3 Aarkay Food Products Annatto Major Product Offerings
        7.7.4 Aarkay Food Products Annatto Sales and Revenue in Global (2018-2023)
        7.7.5 Aarkay Food Products Key News & Latest Developments
    7.8 AICACOLOR
        7.8.1 AICACOLOR Company Summary
        7.8.2 AICACOLOR Business Overview
        7.8.3 AICACOLOR Annatto Major Product Offerings
        7.8.4 AICACOLOR Annatto Sales and Revenue in Global (2018-2023)
        7.8.5 AICACOLOR Key News & Latest Developments
    7.9 Biocon del Peru
        7.9.1 Biocon del Peru Company Summary
        7.9.2 Biocon del Peru Business Overview
        7.9.3 Biocon del Peru Annatto Major Product Offerings
        7.9.4 Biocon del Peru Annatto Sales and Revenue in Global (2018-2023)
        7.9.5 Biocon del Peru Key News & Latest Developments
    7.10 Zhongda Biological
        7.10.1 Zhongda Biological Company Summary
        7.10.2 Zhongda Biological Business Overview
        7.10.3 Zhongda Biological Annatto Major Product Offerings
        7.10.4 Zhongda Biological Annatto Sales and Revenue in Global (2018-2023)
        7.10.5 Zhongda Biological Key News & Latest Developments
    7.11 Guangzhou Qianyi
        7.11.1 Guangzhou Qianyi Company Summary
        7.11.2 Guangzhou Qianyi Annatto Business Overview
        7.11.3 Guangzhou Qianyi Annatto Major Product Offerings
        7.11.4 Guangzhou Qianyi Annatto Sales and Revenue in Global (2018-2023)
        7.11.5 Guangzhou Qianyi Key News & Latest Developments
8 Global Annatto Production Capacity, Analysis
    8.1 Global Annatto Production Capacity, 2018-2029
    8.2 Annatto Production Capacity of Key Manufacturers in Global Market
    8.3 Global Annatto Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
    9.1 Market Opportunities & Trends
    9.2 Market Drivers
    9.3 Market Restraints
10 Annatto Supply Chain Analysis
    10.1 Annatto Industry Value Chain
    10.2 Annatto Upstream Market
    10.3 Annatto Downstream and Clients
    10.4 Marketing Channels Analysis
        10.4.1 Marketing Channels
        10.4.2 Annatto Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
    12.1 Note
    12.2 Examples of Clients
    12.3 Disclaimer

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Annatto Market, Global Outlook and Forecast 2023-2029

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