Industry Background:
Anthocyanins are the purple, blue, red, and violet pigments that are found in many fruits and flowers. Growing awareness about nutraceutical properties of anthocyanins driving the demand from the pharmaceutical industry as it is used to treat cardiovascular disorders. Further, increasing demand for food flavonoids and natural colorants from the food and beverage industry as it has antioxidant properties. Moreover, rising demand from the developing economies owing to growth in the pharmaceutical and food and beverage industry propelling the market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Archer Daniels Midlands Co (United States), Naturex S.A. (France), Symrise A.G. (Germany), CHR Hansen A/S (Denmark), Sensient Technologies Corp (United States), D.D. Williamson and Co. Inc. (United States), Kalsec Inc. (United States), Chemical Services Ltd. (South Africa) and Givaudan Active beauty (Switzerland) |
According to AMA, the market for Anthocyanin is expected to register a CAGR of 5.12% during the forecast period to 2028. This growth is primarily driven by Increasing Demand for Natural Flavonoids and Growing Awareness about Nutraceutical Properties of Anthocyanin.
Globally, a noticeable market trend is evident Increasing Demand for Natural Food Colorants
Major Vendors, such as Archer Daniels Midlands Co (United States), Naturex S.A. (France), Symrise A.G. (Germany), CHR Hansen A/S (Denmark), Sensient Technologies Corp (United States), D.D. Williamson and Co. Inc. (United States), Kalsec Inc. (United States), Chemical Services Ltd. (South Africa) and Givaudan Active beauty (Switzerland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Due to the presence of numerous local and regional competitors, the anthocyanin industry is extremely competitive and fragmented. The strategic tactics used by the top firms to increase their brand visibility among consumers are highlighted, with a focus on mergers, expansions, acquisitions, partnerships, and new product development.
Key Developments in the Market:
SECNA Natural Ingredients Group S.L. has been added to the portfolio of Chr. Hansen Natural Colours, a natural colour supplier with the broadest range in the market
New Purple 2364, a vegan pigment that is sustainable and appropriate for use in cosmetic formulations, will be made available by Givaudan Active Beauty in September 2022. The company's range of environmentally friendly substitutes for synthetic pigments, which was introduced in 2020 with the debut of the New Red 1805, now includes this pigment, which is extracted via green fractionation from Raphanus sativus L.
Influencing Trend:
Increasing Demand for Natural Food Colorants and Growing Applications of Anthocyanin as Anti-Oxidants
Market Growth Drivers:
Increasing Demand for Natural Flavonoids and Growing Awareness about Nutraceutical Properties of Anthocyanin
Challenges:
Lack of Awareness in the Emerging Economies
Restraints:
Stringent Government Regulations Regarding Flavonoids
Opportunities:
Increasing Demand from the Food and Beverage Industry and Rising Demand from the Developing Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Anthocyanin Market
- Analysis about New Entrants in Anthocyanin Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Anthocyanin Study Sheds Light on
The Anthocyanin Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Anthocyanin industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Anthocyanin industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.