
The global Annatto market size is predicted to grow from US$ 52.5 million in 2025 to US$ 64.2 million in 2031; it is expected to grow at a CAGR of 3.4% from 2025 to 2031.
Annatto is an orange-red condiment and food coloring derived from the seeds of the achiote tree. It is often used to impart a yellow or orange color to foods, but sometimes also for its flavor and aroma. The color of annatto comes from various carotenoid pigments, mainly bixin and norbixin, found in the reddish waxy coating of the seeds.
Annatto and its extracts are now widely used in an artisanal or industrial scale as a coloring agent in many processed food products, such as cheeses, dairy spreads, butter and margarine, custards, cakes and other baked goods, potatoes, snack foods, breakfast cereals, smoked fish, sausages, and more. In these uses, annatto is a natural alternative to synthetic food coloring compounds, but it has been linked to cases of food-related allergies.
Global Annatto key players include DDW, Hansen, FMC, AICACOLOR, Biocon del Peru, etc. Global top five manufacturers hold a share over 30%.
Asia-Pacific is the largest market, with a share about 40%, followed by Europe, and North America, both have a share about 45 percent.
In terms of product, Water-Soluble Annatto is the largest segment, with a share over 90%. And in terms of application, the largest application is Food Industrial, followed by Natural Fabric Industrial, Cosmetic Industrial, etc.
The “Annatto Industry Forecast” looks at past sales and reviews total world Annatto sales in 2024, providing a comprehensive analysis by region and market sector of projected Annatto sales for 2025 through 2031. With Annatto sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Annatto industry.
This Insight Report provides a comprehensive analysis of the global Annatto landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Annatto portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Annatto market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Annatto and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Annatto.
This report presents a comprehensive overview, market shares, and growth opportunities of Annatto market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Oil-Soluble Annatto
Water-Soluble Annatto
Emulsified Annatto
Segmentation by Application:
Food Industrial
Cosmetic Industrial
Natural Fabric Industrial
Pharmaceutical Industrial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
DDW
Hansen
FMC
WILD Flavors
Kalsec
Vinayak Ingredients
Aarkay Food Products
AICACOLOR
Biocon del Peru
Zhongda Biological
Guangzhou Qianyi
Key Questions Addressed in this Report
What is the 10-year outlook for the global Annatto market?
What factors are driving Annatto market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Annatto market opportunities vary by end market size?
How does Annatto break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Annatto Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Annatto by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Annatto by Country/Region, 2020, 2024 & 2031
2.2 Annatto Segment by Type
2.2.1 Oil-Soluble Annatto
2.2.2 Water-Soluble Annatto
2.2.3 Emulsified Annatto
2.3 Annatto Sales by Type
2.3.1 Global Annatto Sales Market Share by Type (2020-2025)
2.3.2 Global Annatto Revenue and Market Share by Type (2020-2025)
2.3.3 Global Annatto Sale Price by Type (2020-2025)
2.4 Annatto Segment by Application
2.4.1 Food Industrial
2.4.2 Cosmetic Industrial
2.4.3 Natural Fabric Industrial
2.4.4 Pharmaceutical Industrial
2.4.5 Others
2.5 Annatto Sales by Application
2.5.1 Global Annatto Sale Market Share by Application (2020-2025)
2.5.2 Global Annatto Revenue and Market Share by Application (2020-2025)
2.5.3 Global Annatto Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Annatto Breakdown Data by Company
3.1.1 Global Annatto Annual Sales by Company (2020-2025)
3.1.2 Global Annatto Sales Market Share by Company (2020-2025)
3.2 Global Annatto Annual Revenue by Company (2020-2025)
3.2.1 Global Annatto Revenue by Company (2020-2025)
3.2.2 Global Annatto Revenue Market Share by Company (2020-2025)
3.3 Global Annatto Sale Price by Company
3.4 Key Manufacturers Annatto Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Annatto Product Location Distribution
3.4.2 Players Annatto Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Annatto by Geographic Region
4.1 World Historic Annatto Market Size by Geographic Region (2020-2025)
4.1.1 Global Annatto Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Annatto Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Annatto Market Size by Country/Region (2020-2025)
4.2.1 Global Annatto Annual Sales by Country/Region (2020-2025)
4.2.2 Global Annatto Annual Revenue by Country/Region (2020-2025)
4.3 Americas Annatto Sales Growth
4.4 APAC Annatto Sales Growth
4.5 Europe Annatto Sales Growth
4.6 Middle East & Africa Annatto Sales Growth
5 Americas
5.1 Americas Annatto Sales by Country
5.1.1 Americas Annatto Sales by Country (2020-2025)
5.1.2 Americas Annatto Revenue by Country (2020-2025)
5.2 Americas Annatto Sales by Type (2020-2025)
5.3 Americas Annatto Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Annatto Sales by Region
6.1.1 APAC Annatto Sales by Region (2020-2025)
6.1.2 APAC Annatto Revenue by Region (2020-2025)
6.2 APAC Annatto Sales by Type (2020-2025)
6.3 APAC Annatto Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Annatto by Country
7.1.1 Europe Annatto Sales by Country (2020-2025)
7.1.2 Europe Annatto Revenue by Country (2020-2025)
7.2 Europe Annatto Sales by Type (2020-2025)
7.3 Europe Annatto Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Annatto by Country
8.1.1 Middle East & Africa Annatto Sales by Country (2020-2025)
8.1.2 Middle East & Africa Annatto Revenue by Country (2020-2025)
8.2 Middle East & Africa Annatto Sales by Type (2020-2025)
8.3 Middle East & Africa Annatto Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Annatto
10.3 Manufacturing Process Analysis of Annatto
10.4 Industry Chain Structure of Annatto
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Annatto Distributors
11.3 Annatto Customer
12 World Forecast Review for Annatto by Geographic Region
12.1 Global Annatto Market Size Forecast by Region
12.1.1 Global Annatto Forecast by Region (2026-2031)
12.1.2 Global Annatto Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Annatto Forecast by Type (2026-2031)
12.7 Global Annatto Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 DDW
13.1.1 DDW Company Information
13.1.2 DDW Annatto Product Portfolios and Specifications
13.1.3 DDW Annatto Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 DDW Main Business Overview
13.1.5 DDW Latest Developments
13.2 Hansen
13.2.1 Hansen Company Information
13.2.2 Hansen Annatto Product Portfolios and Specifications
13.2.3 Hansen Annatto Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Hansen Main Business Overview
13.2.5 Hansen Latest Developments
13.3 FMC
13.3.1 FMC Company Information
13.3.2 FMC Annatto Product Portfolios and Specifications
13.3.3 FMC Annatto Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 FMC Main Business Overview
13.3.5 FMC Latest Developments
13.4 WILD Flavors
13.4.1 WILD Flavors Company Information
13.4.2 WILD Flavors Annatto Product Portfolios and Specifications
13.4.3 WILD Flavors Annatto Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 WILD Flavors Main Business Overview
13.4.5 WILD Flavors Latest Developments
13.5 Kalsec
13.5.1 Kalsec Company Information
13.5.2 Kalsec Annatto Product Portfolios and Specifications
13.5.3 Kalsec Annatto Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Kalsec Main Business Overview
13.5.5 Kalsec Latest Developments
13.6 Vinayak Ingredients
13.6.1 Vinayak Ingredients Company Information
13.6.2 Vinayak Ingredients Annatto Product Portfolios and Specifications
13.6.3 Vinayak Ingredients Annatto Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Vinayak Ingredients Main Business Overview
13.6.5 Vinayak Ingredients Latest Developments
13.7 Aarkay Food Products
13.7.1 Aarkay Food Products Company Information
13.7.2 Aarkay Food Products Annatto Product Portfolios and Specifications
13.7.3 Aarkay Food Products Annatto Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Aarkay Food Products Main Business Overview
13.7.5 Aarkay Food Products Latest Developments
13.8 AICACOLOR
13.8.1 AICACOLOR Company Information
13.8.2 AICACOLOR Annatto Product Portfolios and Specifications
13.8.3 AICACOLOR Annatto Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 AICACOLOR Main Business Overview
13.8.5 AICACOLOR Latest Developments
13.9 Biocon del Peru
13.9.1 Biocon del Peru Company Information
13.9.2 Biocon del Peru Annatto Product Portfolios and Specifications
13.9.3 Biocon del Peru Annatto Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Biocon del Peru Main Business Overview
13.9.5 Biocon del Peru Latest Developments
13.10 Zhongda Biological
13.10.1 Zhongda Biological Company Information
13.10.2 Zhongda Biological Annatto Product Portfolios and Specifications
13.10.3 Zhongda Biological Annatto Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Zhongda Biological Main Business Overview
13.10.5 Zhongda Biological Latest Developments
13.11 Guangzhou Qianyi
13.11.1 Guangzhou Qianyi Company Information
13.11.2 Guangzhou Qianyi Annatto Product Portfolios and Specifications
13.11.3 Guangzhou Qianyi Annatto Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Guangzhou Qianyi Main Business Overview
13.11.5 Guangzhou Qianyi Latest Developments
14 Research Findings and Conclusion
*If Applicable.
