South Korea Annatto Market 2021 Global Analysis, Trends, Forecast up to 2025

Overview Of Annatto Industry 2021-2025:

This has brought along several changes in This report also covers the impact of COVID-19 on the global market.

The Annatto Market analysis summary by Reports Insights is a thorough study of the current trends leading to this vertical trend in various regions.
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 is a kind of natural colors that will replace all chemical origin raw materials with eco-sustainable natural solutions. Annatto is, for the most part, commercially grown for its dye product. Virtually any yellow or orange food product may be successfully colored with annatto, which also acts as an antioxidant and can often improve the stability of a product. Annatto is especially suited for coloring dairy products such as cheese, ice cream and yogurt, and finds further applications in popcorn (oil/butter), confectionary products, snack foods, dry mixes and soft drinks.

Annatto is extracted from the orange coloured outer coat surrounding the seeds of the shrub Bixa orellana. This plant is native to South America, India, East Africa, the Caribbean and Philippines. Two types of commercial annatto of different shades are available: an oil soluble extract containing bixin, and a water soluble extract containing norbixin as major pigment.

World consumption, estimated at about 654 MT of annatto in 2011, has been rapidly enhanced to 789 MT per year in 2015. Out of this 24.2% from North America, 21.92% from Europe and 18.40% from Japan in 2015, the global annatto consumption market is led by North America. Europe is the second-largest region-wise market. At present, the major manufacturers of annatto are concentrated in DDW, Hansen, FMC, WILD Flavors, Kalsec, Vinayak Ingredients, Aarkay Food Products, AICACOLOR, Biocon del Peru, Zhongda Biological and Guangzhou Qianyi.

In application, annatto downstream is wide and recently annatto has acquired increasing significance in various fields of food dye industry, fabric industry, cosmetic industry and others. Globally, the annatto market is mainly driven by growing demand for natural and ecofriendly dyes. Food industry accounts for nearly 60.93% of total downstream consumption of annatto in global.

In the future, annatto production will show a trend of steady growth. In 2022 the consumption of annatto is estimated to be 942 MT. On product prices, the slow downward trend in recent years will maintain in the future.

In addition, this study emphasizes thorough competition analysis on market prospects, especially growth strategies that market experts claim.

Annatto Market competition by top manufacturers as follow: DDW, Hansen, FMC, WILD Flavors, Kalsec, Vinayak Ingredients, Aarkay Food Products, AICACOLOR, Biocon del Peru, Zhongda Biological, Guangzhou Qianyi,

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The global Annatto market has been segmented on the basis of technology, product type, application, distribution channel, end-user, and industry vertical, along with the geography, delivering valuable insights.

The Type Coverage in the Market are: Oil-Soluble Annatto
Water-Soluble Annatto
Emulsified Annatto

Market Segment by Applications, covers:
Food Industry
Natural Fabric Industry
Cosmetic Industry
Others

Market segment by Regions/Countries, this report covers
North America
Europe
China
Rest of Asia Pacific
Central & South America
Middle East & Africa

Major factors covered in the report:

• Global Annatto Market summary
• Economic Impact on the Industry
• Market Competition in terms of Manufacturers
• Production, Revenue (Value) by geographical segmentation
• Production, Revenue (Value), Price Trend by Type
• Market Analysis by Application
• Cost Investigation
• Industrial Chain, Raw material sourcing strategy and Downstream Buyers
• Marketing Strategy comprehension, Distributors and Traders
• Study on Market Research Factors
• Global Annatto Market Forecast

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The analysis objectives of the report are:

• To know the Global Annatto Market size by pinpointing its sub-segments.
• To study the important players and analyse their growth plans.
• To analyse the amount and value of the Global AnnattoMarket, depending on key regions
• To analyse the Global Annatto Market concerning growth trends, prospects and also their participation in the entire sector.
• To examine the Global Annatto Market size (volume & value) from the company, essential regions/countries, products and application, background information.
• Primary worldwide Global Annatto Market manufacturing companies, to specify, clarify and analyse the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for future.
• To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

Our report offers:

– Market share assessments for the regional and country level segments.
– Market share analysis of the top industry players.
– Strategic recommendations for the new entrants.
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets.
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
– Strategic recommendations in key business segments based on the market estimations.
– Competitive landscaping mapping the key common trends.
– Company profiling with detailed strategies, financials, and recent developments.
– Supply chain trends mapping the latest technological advancements.

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