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Global Annatto Market 2018-2022

Global Annatto Market 2018-2022

About Annatto

Annatto is an orange-red condiment and food coloring derived from the seeds of the achiote tree (Bixa orellana). It is often used to impart a yellow or orange color to foods, but sometimes also used for its flavor and aroma. Apart from food and beverage, annatto extracts and seeds also find applications in the textile, cosmetics, and pharmaceutical industries.

Technavio’s analysts forecast the global annatto market to grow at a CAGR of 4.53% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global annatto market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Annatto Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Archer Daniels Midland Company
  • Biocon
  • Chr. Hansen Holding
  • DDW The Colour House
  • Kalsec
Market driver
  • Growing awareness of health benefits associated with annatto
  • For a full, detailed list, view our report
Market challenge
  • Large volumes and other challenges in manufacturing natural colors
  • For a full, detailed list, view our report
Market trend
  • Growing population of millennials worldwide
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Annatto Market 2018-2022

Technavio recognizes the following companies as the key players in the global annatto market: Archer Daniels Midland Company, Biocon, Chr. Hansen Holding, DDW The Colour House, and Kalsec.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing population of millennials worldwide. It has been observed that the enthusiasm to try out new variants and flavors of annatto is high among millennials in comparison to old age group people. This makes annatto products more popular among millennials, which in turn, boost the purchase volume of these products. The rising millennial population in Europe is expected to form the largest demographics that consume annatto products.”

According to the report, one driver in the market is growing awareness of health benefits associated with annatto. The growing demand for annatto is positively influencing the market for annatto products such as annatto color extracts. The awareness about the health benefits of annatto is rising among various consumers, especially in the Americas and Europe.

Further, the report states that one challenge in the market is large volumes and other challenges in manufacturing natural colors. The demand for naturally colored foods has been growing at a brisk pace worldwide. However, this growth in demand is accompanied by some alarming challenges as well, which if not dealt with cautiously can lead to a stagnation in the growth of the natural color-based food ingredients industry.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Global food ingredients market
      • Table Global food ingredients market: Segmentation
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global annatto market - Market size and forecast 2017-2022 ($ mn)
      • Table Global annatto market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Global annatto market - Five forces analysis 2017
    • Table Global annatto market - Five forces analysis 2022
    • Bargaining power of buyers
      • Table Global annatto market - Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Global annatto market - Bargaining power of suppliers
    • Threat of new entrants
      • Table Global annatto market - Threat of new entrants
    • Threat of substitutes
      • Table Global annatto market - Threat of substitutes
    • Threat of rivalry
      • Table Global annatto market - Threat of rivalry
    • Market condition
      • Table Market condition: Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Global annatto market by application - Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Global annatto market based on food and beverage - Market size and forecast 2017-2022
      • Table Global annatto market based on food and beverage - Market size and forecast 2017-2022 ($ mn)
      • Table Global annatto market based on food and beverage - Year-over-year growth 2018-2022 (%)
    • Global annatto market based on textile - Market size and forecast 2017-2022
      • Table Global annatto market based on textile - Market size and forecast 2017-2022 ($ mn)
      • Table Global annatto market based on textile - Year-over-year growth 2018-2022 (%)
    • Global annatto market based on cosmetics and pharmaceuticals - Market size and forecast 2017-2022
      • Table Global annatto market based on cosmetics and pharmaceuticals Market size and forecast 2017-2022 ($ mn)
      • Table Global annatto market based on cosmetics and pharmaceuticals Year-over-year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Global annatto market - Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global annatto market by geography - Market share 2017-2022 (%)
    • Regional comparison
      • Table Global annatto market - Regional comparison
    • Annatto market in Americas - Market size and forecast 2017-2022
      • Table Annatto market in Americas - Market size and forecast 2017-2022 ($ mn)
      • Table Annatto market in Americas - Year-over-year growth 2018-2022 (%)
    • Annatto market in EMEA - Market size and forecast 2017-2022
      • Table Annatto market in EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table Annatto market in EMEA - Year-over-year growth 2018-2022 (%)
    • Annatto market in APAC - Market size and forecast 2017-2022
      • Table Annatto market in APAC - Market size and forecast 2017-2022 ($ mn)
      • Table Annatto market in APAC - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Annatto market in US
      • Table Annatto market in US - Market size and forecast 2017-2022 ($ mn)
    • Annatto market in UK
      • Table Annatto market in UK - Market size and forecast 2017-2022 ($ mn)
    • Annatto market in Brazil
      • Table Annatto market in Brazil - Market size and forecast 2017-2022 ($ mn)
    • Annatto market in Japan
      • Table Annatto market in Japan - Market size and forecast 2017-2022 ($ mn)
    • Annatto market in France
      • Table Annatto market in France - Market size and forecast 2017-2022 ($ mn)
    • Market opportunity
      • Table Global annatto market - Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table An overview of the banned synthetic colors worldwide
    • Market challenges
  • Market Trends
    • Growing population of millennials worldwide
    • Increasing prominence of online retailing
    • Rising urbanization and shifting consumer preference for healthy processed foods
  • Vendor landscape
    • Overview
      • Table Global annatto market - Vendor landscape
    • Landscape disruption
      • Table Global annatto market - Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Global annatto market - Vendors covered
    • Vendor classification
      • Table Global annatto market - Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Archer Daniels Midland Company
      • Table Archer Daniels Midland Company overview
      • Table Archer Daniels Midland Company - Business segments
      • Table Archer Daniels Midland Company - Organizational developments
      • Table Archer Daniels Midland Company - Geographic focus
      • Table Archer Daniels Midland Company - Segment focus
      • Table Archer Daniels Midland Company - Key offerings
    • Biocon
      • Table Biocon overview
      • Table Biocon - Business segments
      • Table Biocon - Organizational developments
      • Table Biocon - Geographic focus
      • Table Biocon - Segment focus
      • Table Biocon - Key offerings
    • Chr. Hansen Holding
      • Table Chr. Hansen Holding overview
      • Table Chr. Hansen Holding - Business segments
      • Table Chr. Hansen Holding - Organizational developments
      • Table Chr. Hansen Holding - Geographic focus
      • Table Chr. Hansen Holding - Segment focus
      • Table Chr. Hansen Holding - Key offerings
    • DDW The Colour House
      • Table DDW The Colour House overview
      • Table DDW The Colour House - Business segments
      • Table DDW The Colour House - Organizational developments
      • Table DDW The Colour House - Geographic focus
      • Table DDW The Colour House - Segment focus
      • Table DDW The Colour House - Key offerings
    • Kalsec
      • Table Kalsec overview
      • Table Kalsec - Business segments
      • Table Kalsec - Organizational developments
      • Table Kalsec - Geographic focus
      • Table Kalsec - Segment focus
      • Table Kalsec - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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