Annatto Market Growth Overview and Estimates Industry Size by 2030

Posted by Aparna P on August 4th, 2022

The shift in the demand for natural food colors from synthetic food color has stimulated the demand for annatto for various applications. Annatto seeds are used as coloring source for various processed food items including cheese, butter, dairy spreads, breakfast cereals, baked good, and more. Rising awareness about health among people is propelling the demand for natural colorants in the food products. This is one major factor contributing to the growth of annatto market.
 
An upcoming research report on the annatto market provides detailed insights into growth trends and opportunities likely to come to the fore in the said market over the 2019-2029 forecast period. Demand drivers and challenges pertinent to the annatto market are examined to provide reliable analysis of the annatto market over the forecast period.
 
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North America will be a major contributor to the global annatto market due to the “health and wellness” trend. The trend is increasing the demand for natural food colors in North America. The government in the region is also inclined towards adoption of natural coloring agents in various food and beverages.
 
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Aparna P

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Aparna P
Joined: May 13th, 2021
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