Achiote Extract Market
Achiote Extract Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Achiote Extract Market Size and Growth
The Achiote Extract market is experiencing steady growth, driven by increasing consumer demand for natural food colorants and flavor enhancers. The global market size is estimated to reach USD 120 million by 2025, reflecting a compound annual growth rate of 4.5%, influenced by regulatory support for clean-label products and health trends.
Companies Covered
(Covid 19 Impact Covered)
◍ DDW
◍ Biocon del Peru
◍ Kalsec
◍ Hansen
◍ AICACOLOR
◍ WILD Flavors
◍ Aarkay Food Products
◍ Vinayak Ingredients
◍ Zhongda Biological
The Achiote Extract Market features major players like DDW, Biocon del Peru, Kalsec, and Hansen, focusing on natural coloring solutions for food products. Companies utilize Achiote for its coloring and flavoring properties, driving market growth through innovation and enhanced product offerings. Revenue figures include:
- DDW: $200 million
- Kalsec: $150 million
- Hansen: $900 million
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Market Segmentation
By Application
Culinary Spice
Food Colorant
Commercial Dye
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By Product
Achiote Paste
Achiote Oil
Achiote Powder
Market Growth
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$ X Billion USD
