Global Annatto Extract for Feed Market, By Product Type (Oil-Soluble Annatto, Water-Soluble Annatto, Aqueous Extraction, Emulsified and Solvent-extracted Annatto and Others), Application (Fruits, Vegetables and Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Annatto Extract for Feed Market
Data Bridge Market Research analyses that the annatto extract for feed market will project a compound annual growth rate (CAGR) of 9.60% during the forecast period of 2021-2028. Growing demand for food products that are high in vitamin E and other minerals, surge in the awareness about the health benefits of annatto such as reducing the signs of ageing and increasing industry competitiveness are the major factors attributable to the growth of annatto extract for feed market. This means that the annatto extract for feed market value, which was USD 0.48 billion in 2020 will climb up to USD 0.99 billion by the year 2028.
Annatto is an orange-red condiment which is obtained out of seeds of the achiote trees. These trees are native to the tropical regions in Mexico and Brazil. Annatto is a widely used as natural food colorant. Apart from high application rate by food and beverages industry, annatto is used by natural fabric industry, cosmetic industry, dyeing industry and other industries.
Growing awareness about a wide range of food flavours and colouring agents coupled with increased focus on the research and development proficiencies will emerge as the major factors fostering the growth of the market. Also, growing demand for innovative and natural cosmetic or skin care products is another important factor fostering the growth of the market. Growth in the demand for fruit and vegetable food items owing to ever-rising population, surge in the livestock population, growing use of annatto extracts in pet and livestock feeds and increasing personal disposable income will further create lucrative and remunerative growth opportunities for the market. Rising diseases in animals owing to the use of synthetic ingredients in feed, growing demand for natural colorants and surging globalization will also carve the way for the growth of the market.
However, high costs associated with annatto are a major factor that will pose a major challenge to the growth of the market. Also, low rate of stability will further slowdown the market growth rate.
This annatto extract for feed market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on annatto extract for feed market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Annatto Extract for Feed Market Scope and Market Size
The global annatto extract for feed market is segmented on the basis of product type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the product type, the annatto extract for feed market is segmented into oil-soluble annatto, water-soluble annatto, aqueous extraction, emulsified and solvent-extracted annatto and others.
- Based on the application, the annatto extract for feed market is segmented into fruits, vegetables and others.
Annatto Extract for Feed Market Country Level Analysis
The global annatto extract for feed market is analyses and market size, volume information is provided by country by product type and application as referenced above.
The countries covered in the annatto extract for feed market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe region dominates the annatto extract for feed market and will continue to flourish its dominance during the forecast period owing to the rising demand for natural colorants from countries like U.K, Germany France and Spain. Asia-Pacific on the other hand will score the highest CAGR for the forecast period. Growth and expansion of food and beverages industry, increasing personal disposable income, surge in the expenditure for research and development proficiencies and rising support by the government are some other important factors fostering the growth of this region.
The country section of the annatto extract for feed market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Annatto Extract for Feed Market Share Analysis
The annatto extract for feed market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to annatto extract for feed market.
The major players covered in the annatto extract for feed market report are AICA Laminates India Pvt Ltd, Chr. Hansen Natural Colours A/S, BIOCONCOLORS., DDW The Colour House, ADM, Dairy Connection, Inc., Givaudan, Sensient Technologies Corporation, Symrise, International Flavours & Fragrances Inc., Firmenich SA., Takasago International Corporation, T.Hasegawa USA Inc., ROBERTET, Döhler, Kalsec Inc., IFC Solutions and Aarkay Food Products Ltd. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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