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.
The global Annatto market was 47 million US$ in 2018 and is expected to 50 million US$ by the end of 2025, growing at a CAGR of 0.7% between 2019 and 2025.
This report studies the Annatto market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Annatto in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Aarkay Food Products
Biocon del Peru
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
Natural Fabric Industry
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Annatto market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Annatto market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Annatto manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Annatto with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Annatto submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Annatto are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million USD) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Annatto market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Raw material suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Annatto market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.
Table of Contents
Table of Contents
1 Annatto Market Overview
1.1 Annatto Product Overview
1.2 Annatto Market Segment by Type
1.2.1 Oil-Soluble Annatto
1.2.2 Water-Soluble Annatto
1.2.3 Emulsified Annatto
1.3 Global Annatto Market Size by Type
1.3.1 Global Annatto Sales and Growth by Type
1.3.2 Global Annatto Sales and Market Share by Type (2014-2019)
1.3.3 Global Annatto Revenue and Market Share by Type (2014-2019)
1.3.4 Global Annatto Price by Type (2014-2019)
2 Global Annatto Market Competition by Company
2.1 Global Annatto Sales and Market Share by Company (2014-2019)
2.2 Global Annatto Revenue and Share by Company (2014-2019)
2.3 Global Annatto Price by Company (2014-2019)
2.4 Global Top Players Annatto Manufacturing Base Distribution, Sales Area, Product Types
2.5 Annatto Market Competitive Situation and Trends
2.5.1 Annatto Market Concentration Rate
2.5.2 Global Annatto Market Share of Top 5 and Top 10 Players
2.5.3 Mergers & Acquisitions, Expansion
3 Annatto Company Profiles and Sales Data
3.1.1 Company Basic Information, Manufacturing Base and Competitors
3.1.2 Annatto Product Category, Application and Specification
3.1.3 DDW Annatto Sales, Revenue, Price and Gross Margin(2014-2019)
3.1.4 Main Business Overview
3.2.1 Company Basic Information, Manufacturing Base and Competitors
3.2.2 Annatto Product Category, Application and Specification
3.2.3 Hansen Annatto Sales, Revenue, Price and Gross Margin(2014-2019)
3.2.4 Main Business Overview
3.3.1 Company Basic Information, Manufacturing Base and Competitors
3.3.2 Annatto Product Category, Application and Specification
3.3.3 FMC Annatto Sales, Revenue, Price and Gross Margin(2014-2019)
3.3.4 Main Business Overview
3.4 WILD Flavors
3.4.1 Company Basic Information, Manufacturing Base and Competitors
3.4.2 Annatto Product Category, Application and Specification
3.4.3 WILD Flavors Annatto Sales, Revenue, Price and Gross Margin(2014-2019)
3.4.4 Main Business Overview
3.5.1 Company Basic Information, Manufacturing Base and Competitors
3.5.2 Annatto Product Category, Application and Specification
3.5.3 Kalsec Annatto Sales, Revenue, Price and Gross Margin(2014-2019)
3.5.4 Main Business Overview
3.6 Vinayak Ingredients
3.6.1 Company Basic Information, Manufacturing Base and Competitors
3.6.2 Annatto Product Category, Application and Specification
3.6.3 Vinayak Ingredients Annatto Sales, Revenue, Price and Gross Margin(2014-2019)
3.6.4 Main Business Overview
3.7 Aarkay Food Products
3.7.1 Company Basic Information, Manufacturing Base and Competitors
3.7.2 Annatto Product Category, Application and Specification