Annatto Market is classified on applications as cosmetic industry, food industry, natural fabric industry, and others
Global Annatto Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. Annatto is the seed or extract of the achiote tree (Bixaorellana), which is a tropical tree. It is a naturally intense dye and ranges in colour from bright yellow to deep orange. The colour of annatto originate from several carotenoid pigments. It is widely used as a medicine, commercial dye, culinary spice and ingredient in various foods. In addition, they are also used in body paint, fabric dye, cosmetics, insect repellent, etc. The factors that propel the growth of the Annatto Market include increasing demand, rapid urbanization & industrialization and technological innovations. 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 ham...