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Annatto Food Colors Market Trends

Report ID: GMI11135
Published Date: Aug 2024
Report Format: PDF

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Annatto Food Colors Market Trends

The current trend in the annatto food color industry is a strong shift towards natural and clean-label ingredients, as consumers increasingly avoid synthetic additives. This trend is driving the widespread adoption of annatto in various food categories, including dairy, beverages, and snacks. Upcoming trends include the rising demand for plant-based and organic products, where natural colors like annatto are gaining popularity.

Additionally, there is growing interest in sustainable sourcing practices, which is influencing market dynamics. Innovations in formulation and processing are also expected to expand the use of annatto in novel applications, further fueling market growth in the near future.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of annatto food colors reached USD 210.4 million in 2023 and will witness a 5.9% CAGR between 2024 and 2032, led by the clean-label movement and heightened awareness of synthetic additives' health implications.

The liquid annatto segment will demonstrate a 6% CAGR through 2032, due to its versatility, ease of application, and strong color stability.

North America market is expected to surpass USD 126.9 million by 2032, owing to its advanced food processing sector and high consumer demand for natural & clean-label products.

Aarkay Food Products Ltd., Naturex, Sensient Colors LLC, Givaudan Sense Colour, and Kalsec, among others.