Annatto Market To Boom Owing To Rising Demand From Food And
Cosmetic Industries
Annatto Market is classified on the basis of form, product type, pigment,
applications, distribution channel and geography. Annatto Market is classified
by form as powder and liquid.
Global Annatto Market is expected to grow at a significant CAGR in the upcoming years as the scope
and its applications are increasing across the globe. Annatto is the seed or extract of the achiote tree
(Bixaorellana), which is a tropical tree. It is a naturally intense dye and ranges in colour from bright
yellow to deep orange. The colour of annatto originate from several carotenoid pigments. It is widely
used as a medicine, commercial dye, culinary spice and ingredient in various foods. In addition, they
are also used in body paint, fabric dye, cosmetics, insect repellent, etc. The factors that propel the
growth of the Annatto Market include increasing demand, rapid urbanization & industrialization and
technological innovations.
Browse Full Research Report @
https://www.millioninsights.com/industry-reports/annatto-market