Achiote powder is extracted from the seeds of Bixa Orellana, commonly known as annatto. Achiote is traditionally being used for spices, food color, and medicinal purposes,s and as a commercial dye. Achiote powder is one of the used food dyes in the food and beverage industry because of its economic importance. Itís used in dairy products like cheddar, and Colby cheeses to impart color. Oil can also be extracted from achiote and used in different dishes for giving them a nice color. Apart from seeds plant leaves have medicinal properties and also used in skin disease treatment. Achiote also finds application in the cosmetics and pharmaceutical industries. Itís used in the production of skincare products especially those that involve the use of natural ingredients.This growth is primarily driven by Rising Demand For Natural Colorants Products Due To Rising Regulations On Uses Of Synthetic Color Agents In Food And Other Materials By Various Governments and Growing Health Consciousness in Consumers and Rising Market Demand For Natural Products Based Cosmetics And Pharmaceutical Products.
Globally, a noticeable market trend is evident Increasing Emphasis on Ayurveda Medicines, Natural Dyes, and Natural Food Colorants. The Food Products sector in the Asia Pacific, Europe, North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Amerilure Inc. (United States), Kalsec Inc. (United States), Sensient Technologies Corporation (United States), D.D. Williamson & Co. Inc. (United States), Givaudan SA (Switzwerland), Chr. Hansen Holding A/S Denmark), Dairy Connections Inc. (United States), Archer Daniels Midland Company (United States), Aica Color Sac (Peru) and Dohler Group (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In Feb 2018, Sensient Technologies Corporation had acquired the natural color business of Globe Natural, a leading natural food and ingredient company, based in Lima, Peru, owned by the Michell Group
Annatto has been recognized as a safe food coloring product and condiment by various accredited food safety authorities such as European Food Safety Authority, U.S. Food & Drug Administration, and others.
- Rising Demand For Natural Colorants Products Due To Rising Regulations On Uses Of Synthetic Color Agents In Food And Other Materials By Various Governments
- Growing Health Consciousness in Consumers and Rising Market Demand For Natural Products Based Cosmetics And Pharmaceutical Products
- Increasing Emphasis on Ayurveda Medicines, Natural Dyes, and Natural Food Colorants
- High Cost and Low Stability of Achiote Powder
Growth in the Natural and Plant-Based Industry to Serve Changing Consumer Preferences for Personal Care Products and Growing Research and Development in Plant Medicines Sector
Highly Sensitive To Environmental Factors Such As Temperature And Light
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Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Achiote Powder Study Sheds Light on
The Achiote Powder Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Achiote Powder industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Achiote Powder industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Achiote Powder Market?
The Achiote Powder market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Achiote Powder Market?
Top performing companies in the Global Achiote Powder market are Amerilure Inc. (United States), Kalsec Inc. (United States), Sensient Technologies Corporation (United States), D.D. Williamson & Co. Inc. (United States), Givaudan SA (Switzwerland), Chr. Hansen Holding A/S Denmark), Dairy Connections Inc. (United States), Archer Daniels Midland Company (United States), Aica Color Sac (Peru) and Dohler Group (Germany), to name a few.
3. Which region dominated the worldwide market for Achiote Powder in 2020?
Asia Pacific, Europe, North America is dominating the Achiote Powder Market.