DUBLIN--(BUSINESS WIRE)--The "Global Annatto Market - Growth, Trends, and Forecasts (2017 - 2022)" report has been added to Research and Markets' offering.
The global market for annatto is expected to witness growth at a CAGR of 3% during 2017-2022 (forecast period).
The global natural food colors market represented around 55% of the total food color market, in 2015. The market is expected to grow in the coming years, due to which the use of annatto will also increase, as it gives an extraordinary red/orange color, naturally. Consumers are becoming highly conscious of their health and are ready to pay a premium for having natural colorants in their products.
Moreover, the ban on synthetic color products' trading and its manufacture in selected international markets, such as Japan and all European countries, boosted the demand for natural food color during the past decade. This trend is expected to help the growth of annatto. Moreover, the use of natural food colors over synthetic food colors in novel products, such as crayons and infant toys, organic textile printing, handmade paper, etc., is expected to open growth avenues for the market in the future.
There have been several cases of severe allergic reactions and irritable bowel syndrome-type symptoms on the usage of annatto; this is likely to hamper the market, worldwide.
Companies Mentioned:
- DDW
- Hansen
- FMC
- WILD Flavors
- Kalsec
- Aarkay Food Products
- Biocon del Peru
- Zhongda Biological
- Guangzhou Qianyi
- Others
Key Topics Covered:
1. Introduction
2. Research Approach and Methodology
3. Market Overview
4. Market Dynamics
5. Market Segmentation
6. Competitive Landscape
7. List of Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/jjjsv8/global_annatto
