세계의 아나토 시장 예측 : 제품 유형별, 유래별, 형태별, 유통 채널별, 용도별, 지역별 분석(-2030년)

According to Stratistics MRC, the Global Annatto Market is accounted for $271.96 million in 2024 and is expected to reach $401.54 million by 2030 growing at a CAGR of 6.71% during the forecast period. Annatto is a natural food colouring and flavoring derived from the seeds of the achiote tree (Bixa orellana), native to tropical regions of Central and South America. Its vivid orange-red color and mildly peppery, nutty flavor have made it a valuable ingredient in traditional cooking and cosmetics for centuries. Annatto is frequently used in the food industry to improve the color of baked goods, processed foods, and dairy products like cheese, butter, and ice cream. Annatto is prized for its antioxidant qualities and possible health advantages, such as its anti-inflammatory effects, beyond its culinary applications.

Market Dynamics:

Driver:

Growing interest in natural food colouring

A paradigm shift is occurring in the global food industry as consumers look for more authenticity and transparency in the foods they eat. The market for natural food coloring has increased significantly as a result of this trend, with annatto leading the way. It is a popular option for manufacturers who want to improve visual appeal without using artificial substitutes because of its capacity to add vivid colors, especially to dairy products, snacks, and sauces. Additionally, a further factor driving the move towards natural alternatives like annatto is the tightening of regulations on artificial additives.

Restraint:

Reduced stability in relation to artificial colorants

Annatto's decreased stability in comparison to synthetic colorants like Azorubine and Allura Red is one of the major issues the market is currently facing. Annatto is susceptible to deterioration in a number of situations, such as exposure to light and temperature changes. Furthermore, manufacturers seeking consistency and quality are extremely concerned about this instability since it can result in uneven coloring in food products. Because of this, some companies might be hesitant to use annatto in their formulations, choosing instead to use more stable synthetic alternatives that provide predictable results.

Opportunity:

Increasing food industry demand

Due to consumer preferences for healthier options, the food industry is seeing a significant shift towards natural ingredients. Increasingly, anattoto extracts are being used to improve the color and scent of a variety of foods, such as pasta, snacks, dairy products, and candies. Annatto's adaptability, in both its water-soluble and oil-soluble forms, enables it to serve a variety of purposes. Moreover, this increasing demand, especially as more consumers look for minimally processed foods, offers manufacturers a profitable chance to diversify their product lines and enter new markets.

Threat:

Reduced stability in relation to synthetic substitutes

The market position of Annatto is seriously threatened by its decreased stability. Over time, color deterioration may result from its sensitivity to environmental elements like temperature and light. This instability may result in uneven product quality for manufacturers who depend on their colorants to perform reliably. Additionally, the drawbacks of annatto may discourage its use in favor of more stable synthetic alternatives as food and cosmetic products increasingly require long shelf lives and consistent color.

Covid-19 Impact:

The COVID-19 pandemic had a major effect on the annatto market by changing demand dynamics in a number of industries and upsetting supply chains. Restrictions and lockdowns caused operations to be suspended and transportation expenses to rise, making it more difficult to deliver annatto products on time. Furthermore, border closures brought about by temporary prohibitions on nonessential imports and exports made logistics even more difficult. Due to home quarantine orders and physical distancing measures, the foodservice industry, a significant consumer of food colorants like annatto, saw a decline in demand. In order to restore seamless operations and supply chains, manufacturers started developing recovery plans as a result of these difficulties.

The Annatto - Bixin segment is expected to be the largest during the forecast period

In the annatto market, the Annatto-Bixin segment holds the largest share. Oil-soluble pigment bixin is mostly utilized in the food industry, especially to color processed meats, dairy products, and snacks. Its vivid orange-red colors are in great demand because they satisfy consumer demand for natural ingredients while also enhancing visual appeal. Bixin is a preferred option among manufacturers due to its versatility, which enables it to be used in a variety of applications. Moreover, consumers are turning to natural alternatives like bixin as a result of increased awareness of the negative effects of synthetic colorants, which has strengthened its market dominance.

The Aqueous Extraction segment is expected to have the highest CAGR during the forecast period

In the annatto market, the aqueous extraction segment is anticipated to hold the highest CAGR. This extraction technique has become popular because it yields water-soluble annatto, which is becoming more and more preferred in a variety of applications, especially in the food and beverage sector. In line with the rising consumer demand for natural and clean-label products, aqueous extraction makes the process more effective and eco-friendly. Additionally, the aqueous extraction technique provides a workable way for producers to satisfy consumers' growing desire for minimally processed ingredients while improving product appeal without sacrificing quality.

Region with largest share:

The North American region has the largest market share for annatto, mostly due to stricter food safety laws and rising demand for natural food coloring. The United States is largely responsible for the region's dominance, as health-conscious consumers are choosing natural substitutes like annatto over synthetic additives. Considerable expenditures in research and development to expand the use of annatto in different food and beverage products further reinforce this trend. Furthermore, manufacturers are now using annatto as a safe and enticing colorant due to the growing popularity of clean-label products, which has made North America the world's largest market for annatto extracts.

Region with highest CAGR:

Over the course of the forecast period, the Asia-Pacific region is anticipated to have the highest CAGR. Growing consumer preference for natural products, especially in the food and cosmetics industries, is the main driver of this growth. As consumers grow more health-conscious and look for alternatives to synthetic additives, the demand for natural colorants is rising in nations like China and India. This trend is further supported by the region's growing cosmetics industry and the increasing approval rates of annatto use by food safety authorities. Moreover, the demand for annatto as a natural flavoring and coloring agent is anticipated to increase along with the consumption of meat and processed foods, making Asia Pacific a major player in the global annatto market.

Key players in the market

Some of the key players in Annatto market include Archer Daniels Midland Company, Chr. Hansen Holding A/S, Diana Ingredients, Aarkay Food Products Ltd., Dohler Group, FMC Corporation, Hansen, Kalsec Inc., Frutarom Natural Solutions BU, Amerilure Inc., WILD Flavors, Sensient Technologies Corporation, D.D. Williamson & Co. Inc., Naturex S.A. and Sun Chemical Inc.

Key Developments:

In September 2024, FMC Corporation, a leading global agricultural sciences company, announced an agreement with Ballagro Agro Tecnologia Ltda., a pioneer and leader in fungi-based biosolutions, to provide growers in Brazil with a broad portfolio of differentiated biological solutions. The agreement is part of FMC's strategic plan to grow its biologicals platform in key markets like Brazil.

In March 2024, ADM has entered into an accelerated share repurchase agreement to repurchase $1B of its common stock. Pursuant to the agreement with Merrill Lynch International, an affiliate of BofA Securities, ADM will receive monthly share deliveries at the end of each month commencing in March 2024.

In January 2024, Chr. Hansen Holding A/S and Novozymes A/S successfully completed their merger, forming a new entity named Novonesis. This move, initially announced on December 12, 2022, has increased the share capital to DKK 936,597,292 through new B-shares.

Product Types Covered:

• Annatto - Bixin
• Annatto - Norbixin

Types Covered:

• Solvent Extraction and Emulsified
• Aqueous Extraction
• Oil-soluble

Natures Covered:

• Organic
• Conventional

Forms Covered:

• Raw
• Processed

Distribution Channels Covered:

• Direct
• Indirect

Applications Covered:

• Food and Beverages
• Natural Fabric Industry
• Cosmetic and Personal Care
• Retail Stores
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• 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

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Annatto Market, By Product Type

• 5.1 Introduction
• 5.2 Annatto - Bixin
• 5.3 Annatto - Norbixin

6 Global Annatto Market, By Type

• 6.1 Introduction
• 6.2 Solvent Extraction and Emulsified
• 6.3 Aqueous Extraction
• 6.4 Oil-soluble

7 Global Annatto Market, By Nature

• 7.1 Introduction
• 7.2 Organic
• 7.3 Conventional

8 Global Annatto Market, By Form

• 8.1 Introduction
• 8.2 Raw
• 8.3 Processed
  • 8.3.1 Liquid
  • 8.3.2 Powder
  • 8.3.3 Extract

9 Global Annatto Market, By Distribution Channel

• 9.1 Introduction
• 9.2 Direct
• 9.3 Indirect
  • 9.3.1 Supermarket/Hypermarket
  • 9.3.2 Convenience Store
  • 9.3.3 Specialty Store
  • 9.3.4 E-Retailers

10 Global Annatto Market, By Application

• 10.1 Introduction
• 10.2 Food and Beverages
• 10.3 Natural Fabric Industry
• 10.4 Cosmetic and Personal Care
• 10.5 Retail Stores
• 10.6 Other Applications

11 Global Annatto Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 Archer Daniels Midland Company
• 13.2 Chr. Hansen Holding A/S
• 13.3 Diana Ingredients
• 13.4 Aarkay Food Products Ltd.
• 13.5 Dohler Group
• 13.6 FMC Corporation
• 13.7 Hansen
• 13.8 Kalsec Inc.
• 13.9 Frutarom Natural Solutions BU
• 13.10 Amerilure Inc.
• 13.11 WILD Flavors
• 13.12 Sensient Technologies Corporation,
• 13.13 D.D. Williamson & Co. Inc.
• 13.14 Naturex S.A.
• 13.15 Sun Chemical Inc