The Global Annatto Market size was valued at USD 234.6 Million in 2023 and is projected to reach USD 354.4 Million by 2030, growing at a CAGR of 5.30% from 2023 to 2030.
The Global Annatto Market size was valued at USD 234.6 Million in 2023 and is projected to reach USD 354.4 Million by 2030, growing at a CAGR of 5.30% from 2023 to 2030.
The global annatto market is witnessing significant growth driven by the increasing consumer preference for natural food colorants and flavor enhancers. Annatto, a natural pigment derived from the seeds of the Bixa orellana plant, has gained popularity in the food industry due to its vibrant color and mild, slightly peppery flavor. It is widely used as a coloring agent and flavor enhancer in various food and beverage products. Annatto's versatility, coupled with the growing demand for clean-label and natural ingredients, has propelled the market forward.
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Top Key Players Covered in the Annatto Market:-
Aarkay Food Products, Aicacolor, Amerilure, Biocon Del Peru., Chr Hansen Holding, D. Williamson, DDW Inc., Fiorio Colori, FMC Corporation, Frutarom Natural, Kalsec, Naturex, Sensient Technologies, Wild Flavors, and Other Major Players.
Key Chapter Will Be Provided In The Report
Segmentation Analysis Of The Annatto Market
By Type
By Application
By Region
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Covid-19 Impact Analysis Annatto Market:
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Dec 06, 2023