In addition, some of the other factors such as growing awareness regarding the harmful health effects
of synthetic color agents and ban on trading of products made from artificial products. On the other
hand, there are also factors that may hamper the growth of the market such as high cost and color
degradation due to several external factors such as light, temperature, etc. Also, factors such as
allergic nature and low stability of annatto as compared to synthetic agents.
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. Annatto Market
is segmented by product type as emulsified annatto, oil-soluble annatto, water-soluble annatto, and
others. Annatto Market is categorized by pigment as carotenoids, bixin, norbixin and others.
Annatto Market is classified on applications as cosmetic industry, food industry, natural fabric
industry, and others. Annatto Market is segmented by distribution channel as online stores, specialty
stores and others. Annatto Market is classified on the basis of geography as North America, Latin
America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.
Request Sample Copy of this Market Research @
https://www.millioninsights.com/industry-reports/annatto-market/request-sample
The North American region consists of the U.S., and Canada. Latin America region consists of Mexico
and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The
Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India,
ASEAN, Australia & New Zealand. The Middle East and African region consists of GCC, South Africa
and North Africa. By geography, North America is projected to hold a significant share of the Annatto
Market.
Some of the key players that fuel the growth of the Annatto Market include Aarkay Food Products,
AICACOLOR, Biocon del Peru, DDW, Guangzhou Qianyi, Hansen, FMC, Kalsec, Vinayak Ingredients,
WILD Flavors, Zhongda Biological, and others. The key players are focusing on inorganic growth to
sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are
the need of the hour.