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New market research report on annatto food colors covers food and beverage industries utilizing annatto food colors around the globe, the annatto food colors market is anticipated to reach a market valuation of nearly USD 200 Mn by the year 2022, accelerating at a CAGR of 6.1% between 2022-2032.

The annatto food colors market for natural food ingredients and colourants has increased, which can be attributed to rising consumer demand for annatto food colors along with naturally-derived and safer food ingredients influences the annatto food colors market key trends and opportunities.

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Furthermore, natural food colourant dominant regions such as Asia Pacific and North America are expected to gain traction in the annatto food colors market future trends.

Annatto food color is also loaded with several pharmaceutical properties and is therefore widely used in cooking culinary practices. Annotto is derived from achiote shrubs that are found in most tropical countries like Brazil, Peru, Mexico, Ecuador, India, Sri Lanka, Kenya, Dominion Republic, Jamaica, and to a lesser extent in Turkey, Philippines, and Angola.

With the rising number of consumers shifting to a vegan lifestyle and vegetarian diet, the demand for annatto food colors has boomed in the food processing industry.

The enlarging health-consciousness among people during the pandemic has triggered people globally into looking for natural and plant-based food colors like annatto color shades on their plates.

Key Takeaways from Market Report

• The overall plant-based food colors market is expected to witness annatto food colors market growth at CAGRs of 6.5% and 6.1% in North America and Latin America, respectively, through 2032, while the annatto food colors market is anticipated to grow at a rate of 5.8% and 6% in these regions respectively.
• The European annatto food colors market is currently pegged at 1200 metric tons by volume and USD 35 mn by value. The demand for annatto food colors is about to grow at 5.9% CAGR between 2022 and 2032 in this region.

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• Although by application, the dairy industry holds command over the highest annatto food colors market share of 21%, the beverages segment is set to expand at a CAGR of 6.2%.
• In relation to synthetic colors like Azorubine, Allura Red, and others, annatto has lesser stability, which is a major restraining factor for annatto food colors market expansion. Another problem cutting the annatto food colors market adoption trends is the product’s higher cost when compared to its competitors.
• Growing consumer preference for organic, healthy, and nutritious plant-derived food products is the main driver for sales of annatto food colors across global annatto food colors market.

 “Annatto food color makers are advised to target the health and nutrition markets like dietary supplements industry. Manufacturers should also strive to achieve higher production volumes, to make plant-based food colors more affordable to food processing industries. As the tropical regions where the raw materials are found in abundance are not developed, larger companies would profit significantly by moving manufacturing units to these countries,” says a Future Market Insights analyst.

Competitive Landscape

Annatto food color producers are majorly focusing on aggressive marketing techniques and cost-cutting procedures in order to make annotta food colors affordable for the food processing industry. These manufacturers also participate in various collaborations with leading food brands around the world to increase the reach of their products.

Major annatto food colors market players are D.D. Williamson & Co. Inc., Sensient Technology Corporation, Chr. Hansen Holding A/S, Kalsec Inc, Fiorio Colori, FMC Corporation, WILD Flavors, Naturex S.A., and a few other regional players.

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About Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The aqua feed additives market is estimated to surpass US$ 1.6 billion in 2022, and is predicted to reach US$ 2.7 billion by 2032, with a CAGR of 5.5 percent from 2022 to 2032.

Some of the key factors driving the rise of the aqua feed additives market share are growing worries about receiving the right vitamin and mineral additives for aquatic animals.

As individuals become more aware of premixes, the demand for aqua feed additives has increased. As a result of the increased demand for mineral-rich aqua feed additives, companies are seeing an increase in sales of aqua feed additives.

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Increased understanding of bioavailability in these compounds is another important driver of the aqua feed additives market size. As a result, aquafeed additives manufacturers are increasing production of direct mineral supplements to suit end-user demand.

The trade of fish and aquaculture products plays a significant role in expanding fish consumption and building a global market for aqua feed additives by connecting various worldwide suppliers and manufacturers.

As adaptive pathogens can be infected by a variety of stress factors, including poor nutritional status, sales of aqua feed additive are on the rise.

Antibiotics are also used to treat diseases such as red pest disease, which drives up demand for aqua feed additives around the world.

The growing demand for high-protein diets is presenting excellent growth opportunities for the aqua feed additives market, particularly in emerging economies like Brazil, India, and China, where per capita income is rapidly rising, resulting in increased sales of aqua feed additives.

Key Takeaways from the Aqua Feed Additives Market Study:

• The US is estimated to account for more than 60% of the North American market in 2022, due to the rising in seafood consumption.

• The aqua feed additives market in the United States is predicted to grow at a CAGR of 2.6 percent from 2016 to 2032, reaching a market size of US$ 0.1 billion.
• Due to a considerable availability of raw materials and the presence of large-scale companies, Egypt has a strong demand for aqua feed additives.
• According to FMI, the aqua feed additives market in India is worth US$ 1.4 billion and is predicted to grow at a CAGR of 7.2 percent through 2032.

“Key market players are investing much in R&D in order to introduce new products and obtain a competitive advantage. Companies are also pursuing tactics such as collaboration, acquisitions, mergers, and partnerships in order to extend their client base and increase revenues.”- Lead Analyst at FMI.

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Competition Landscape of Aqua Feed Additives Market

Key players operating in the global aqua feed additives market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production.

Some of the leading companies in aqua feed additives market are Cargill, Inc., NK Ingredients Pte. Ltd., Beneo GmbH, Dibaq A.S., Nutreco N.V., Evonik Industries, Biomar A/S, Growel Feeds, Coppens International B.V., Aker Biomarine and others.

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Recent Developments in Aqua Feed Additives Market:

• ADM purchased Neovia (formerly known as InVivo NSA) (France) in January 2019 for USD 1.82 billion (Euro 1.54 billion). This acquisition would give ADM a strong foundation on which to build future expansion.
• In November 2018, Cargill invested USD 70 million in Thailand to provide new technologies to the country’s aquaculture and poultry industries.
• In June 2017, Nutreco completed the acquisition of Hi-Pro Feeds LP (Canada). The acquired company’s global brand, Trouw Nutrition, would be used to market the acquired company.

Get Valuable Insights into Aqua feed additives Market 

FMI, in its new offering, provides an unbiased analysis of aqua feed additives presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032).

The study divulges compelling insights on the demand for aqua feed additives based on additives type (amino acids, vitamins, minerals, antibiotics, acidifiers, binders, antioxidants, prebiotics, palatants, and others), by species type (crustaceans, catfish, salmonids, carp, tilapia, mollusks, and mullet), by ingredient (corn, soybean, fish oil, peas, sunflower seed, others) across five major regions.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The cocoa powder market is predicted to grow at a moderate CAGR of 2.9% during the forecast period of 2022 to 2032.

Being a tropical crop, cocoa is observed as one of the world’s most profitable cash crop. Consumers from all parts of the world have been introduced to cocoa in the form of beans or powders. Later it got inducted in the dietary habit of consumers all over the world as a favorite chocolate variety.

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What are the Key Demand Drivers for the Cocoa Powder Market?

The growing presence of cocoa powder in our dietary lifestylesand foodservice operations continues to drive the growth of the global cocoa powder market. This study analyses a slew of factors influencing the global sales of cocoa powder for the forecast period, 2022-2032.

The global market for cocoa powder is characterized by the non-uniformity in the supply of raw cocoa, increasing adoption of sustainable cocoa cultivation, and growing use of processed products in the food & beverage sector. Consumer preferences have compelled manufacturers of food items and beverages to increase the uptake of cocoa powder and make things chocolatier than before.

The study delivers an overview of the parent markets – global cocoa market and global chocolate industry – to create a comparative analysis on how the cocoa powder sales contribute to their overall growth. In the report, the global cocoa powder market has been segmented on the basis of nature of the cocoa powder, their end-use, sales channels and region.

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Which are the Leading Players in the Cocoa Powder Market?

According to the taxonomy provided in the report, the aforementioned primary segments in the global cocoa powder market have been broken down further. On the basis of the nature of cocoa powder, the market is further segmented into Dutch processed and natural cocoa powder.

The key end-uses of cocoa powder analysed in the report include commercial, household and industrial. On the basis of sales channels, cocoa powder is being sold in the global market through either, direct or indirect sales.

Key regions analysed in the report include, North America, Europe, Latin America, Asia-Pacific, and Middle East and Africa. The report also provides additional information on cross-segmental analysis and country-wise market forecast across different parameters.

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Market Segments

By Type :

• Dutch processed
• Natural cocoa powder
• Others

By Sales Channel

• Direct Sales
• Indirect Sales

By End Use

• Commercial
• Household
• Industrial
• Others

By Region

• North America
• Latin America
• Asia Pacific
• Japan
• Western Europe
• Eastern Europe
• Middle East & Africa

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Bergamot extract is obtained from a rare citrus fruit, Citrus Bergamot, which is predominantly produced in Southern Italy. Bergamot extract is rich in free radical scavengers such as flavonoids. Bergamot extract contains around five unique antioxidant polyphenolic compounds that provide various health benefits. Bergamot extract helps to maintain the normal cholesterol levels and aids blood glucose metabolism. Bergamot extract has antimicrobial properties and therefore has application in the pharmaceutical industry.

It has a subtle and fresh flavor and is therefore used as a flavoring ingredient in baked products, ice-creams, etc. It also has applications in industries such as dietary supplement, beverage, nutraceutical, cosmetic, etc.

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Increase in Sales of Dietary Supplement Likely to Enable the Growth of Bergamot Extract Market
The increase in health and fitness trends amongst the consumers may serve as one of the drivers for the increase in the market of bergamot extract. The demand for dietary supplements is increasing at a very rapid rate. More than 70% of American adults take at least one type of dietary supplement. Also, consumers prefer the use of plant-based products as there might be some side-effects due to the use of animal-based products and therefore bergamot extract can be used by the manufacturers of dietary supplement industry to develop plant-based supplements.

Statins are the drugs that are used to maintain cholesterol levels but statin is not suitable for all consumers as some might have side-effects and develop statin intolerance. Bergamot extract has “statin-like” mode of action which helps to regulate the cholesterol levels and therefore can be used by the pharmaceutical industry to develop new drugs that can be used by the consumers that have developed statin-intolerance.

Therefore, the use of bergamot extract to develop pharmaceutical drugs might help increase its demand.In recent years, due to an increase in health awareness among the consumers, they prefer not only health food but are switching towards the use of health food ingredients and therefore the trend for clean-label food products is increasing. More than 80% of the consumers understand the connection between nutrition and health and therefore prefer the use of food products that contain healthy ingredients.

Therefore the manufacturers of the food and beverage industry can use bergamot extract as a food ingredient, as it has antioxidant, antimicrobial and anti-inflammatory properties which provide various health benefits such as regulates cholesterol levels, supports cardiovascular health, etc. Bergamot extract can be used for preparing a variety of food products such as cakes, cookies, jelly, etc. Bergamot extract has a wide range of applications and is aligned with the current consumer trends and therefore the market for bergamot extract might increase.

The presence of similar products might serve as a major restraint for the bergamot extract market. There are many companies that are keeping track of the current market trends and are trying to develop plant-based products that have high nutritive value and therefore the high competition in the market can affect the growth of bergamot extract market.

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Global Bergamot Extract: Key Market Participants

The key market players are H&AD s.r.l., Jarrow Formulas, BergaMet NA, HP Ingredients, Citroglobe, Nutraceuticals International Group, etc., among others.

Global Bergamot Extract: Key Developments

In 2013, Principium & Nutraceuticals International launched a new product named SelectSIEVE Bergamot which is standardized with polyphenols and has the mode of action similar to the statins. The product contains standardized glycosylated polyphenols that are obtained from Bergamot.

Opportunities for Bergamot Extract Participants:

The development of eco-friendly and cost-effective extraction process might enable the increase in the production of bergamot extract and therefore might be lucrative for use as an ingredient in various industries. The educational marketing might also help in increasing the bergamot extract market.

Brief Approach to Research

The analysis will be done a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed Bergamot Extract understanding and assessment of the flavor, application and encapsulation process of the segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall Bergamot Extract sizes.

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Key Data Points Covered in the Report

Some of the key data points covered in our report include:

• An overview of the Bergamot Extract, including background and evolution
• Macroeconomic factors affecting the Bergamot Extract and its potential
• Market dynamics, such as drivers, challenges and trends
• Detailed value chain analysis of the Bergamot Extract
• Cost structure of the products and segments covered in the study
• In-depth pricing analysis, by key segments, regions and by major market participants
• Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
• Analysis of the Bergamot Extract structure, including a tier-wise categorization o key market participant
• Competitive landscape of the Bergamot Extract, including detailed profiles of the top players in this market

Global Bergamot Extract: Segmentation:

The market for Bergamot Extract can be segmented on the basis of nature:

• Organic
• Conventional

The market for Bergamot Extract can be segmented on the basis of end-use:

• Food and Beverage
• Perfumery
• Nutraceutical
• Dietary Supplements
• Others (e.g. Pharmaceutical, etc.)

Report Highlights:

• Detailed overview of parent market
• Changing Bergamot Extract dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on Bergamot Extract performance
• Must-have information for market players to sustain and enhance their market footprint

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Chondroitin is a component of the human body in the bones and cartilages. It is also popularly called as chondroitin sulfate. The use of chondroitin is mainly in the dietary supplements used for osteoarthritis. Chondroitin sold on a commercial basis is obtained from the cartilages of various sources such as marine, bovine, avian, chicken and cow. The shark cartilage is known to be the best chondroitin source and is also very expensive.

The use of chondroitin in households is mostly in the form of capsules. The powder form of the chondroitin is used in the pharmaceuticals and the industries that use chondroitin as an ingredient as a whole or in combination with other chemicals or drugs.

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Various Health Benefits of Chondroitin is Increasing its Demand in the Global Market

Chondroitin along with other ingredients such as glucosamine is being used in dietary supplements due to its various health benefits. The use of chondroitin in the treatment of osteoarthritis has been very popular but it is being used for the treatment of various other problems too.

Chondroitin is being used in the drugs for heart problems, breast cancer, interstitial cystitis, psoriasis, and many other diseases. It is also being used to treat anemia in complex with iron. These benefits have led to the increased use of chondroitin in dietary supplements. The use of chondroitin is not only limited to nutraceuticals but is also being used as a pharmaceutical drug along with others. It is being used as an eye drop and has been approved by the FDA for the same purpose. The use of chondroitin in the cosmetics industry is very less but it is expected to grow in the upcoming years.

Chondroitin Market: Key Developments

Many manufacturers sell the dietary supplements and their label indicates the presence of chondroitin in them. But the quantity of chondroitin is as little as 10% which results in low-quality products. But many manufacturers are trying to clean up the supply chain of chondroitin. Synutra Ingredients is using gel electrophoresis to stop adulteration of chondroitin and is one of the leading manufacturers of chondroitin in the United States.

Chondroitin Market: Regional Analysis

The production is mainly carried out in the Asia Pacific especially in China. The consumption of chondroitin is more in the U.S. and all the chondroitin that is consumed in the U.S. is imported from overseas. Chondroitin-containing supplements are one of the top five best-selling dietary supplements globally.

The use of chondroitin as a dietary supplement is expected to increase in South and East Asia in the upcoming years. It is being widely used in Europe and MEA in cosmetics and personal care products. The chondroitin is being sold by various different names one of them being chondroitin sulfate which is very popular.

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Chondroitin Market: Key Participants

The key participants in the chondroitin market are:

• TSI Group Ltd.
• Synutra Pure, Ltd.
• Bioiberica S.A.U.
• Kala Health Inc.
• Shanghai Jbichem International Trading Co. Ltd.
• Summit Nutritionals International, Inc.
• Pacific Rainbow International, Inc.
• Qingdao Kangyuan Pharmaceutical
• Beloorbayir Biotech Ltd.
• AdvaCare Pharma
• Sichuan Biosyn Pharmaceutical Co., Ltd.
• Inter Farma
• Jiaxing Hengjie Bio-pharmaceutical LLC
• Seikagaku Corporation

The research report presents a comprehensive assessment of the chondroitin market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as product type, application, and end use.

The report covers exhaustive analysis on:

• Chondroitin Market Segments
• Chondroitin Market Dynamics
• Chondroitin Market Size
• Chondroitin Supply and Demand
• Current Trends/Issues/Challenges pertaining to Chondroitin Market
• Competition Landscape and Emerging Market Participants in Chondroitin Market
• Technology related to Production/Processing of Chondroitin
• Value Chain Analysis of the Chondroitin Market

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Chondroitin Market: Segmentation

The chondroitin market is segmented on the basis of source, form, grade, application and distribution channel.

On the basis of source, the chondroitin market can be segmented as:

• Marine
• Bovine
• Avian
• Others (Chicken, Cow, etc.)

On the basis of form, the chondroitin market can be segmented as:

• Powder
• Capsules

On the basis of grade, the chondroitin market can be segmented as:

• Pharmaceutical Grade
• Industrial Grade

On the basis of application, the chondroitin market can be segmented as:

• Sports Nutrition
• Pharmaceuticals
• Dietary Supplements
• Cosmetics and Personal Care

On the basis of distribution channel, the chondroitin market can be segmented as:

• Direct/B2B
• Indirect/B2C
• Drug Stores
• Pharmacies
• Online Retail

Report Highlights:

• Detailed overview of parent market
• Changing dynamics of the chondroitin market in the industry
• In-depth market segmentation and analysis
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments in the chondroitin market
• Competitive landscape of the chondroitin market
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on chondroitin market performance
• Must-have information for chondroitin market players to sustain and enhance their market footprint

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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