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Global Anthocyanins Market - Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Anthocyanins Market
Global anthocyanins market was valued at US $ XX Mn in 2017 and expected to grow at 5.0% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Anthocyanins Market
Anthocyanins are the water-soluble vacuolar pigments which may appear red, blue, or purple in color depending on their pH. There are various food plants that are rich in anthocyanins, which include black soybean, black rice, blueberry, and raspberry. Anthocyanins belong to the class of molecules known as flavonoids.
Increase in the application of the anthocyanins in various industries such as pharmaceutical industry, food & beverage industry is driving the growth of the anthocyanins market. The anti-inflammatory, anti-oxidant, and anti-microbial properties of the anthocyanins are adding fuel for the growth of the market. The minimal risk of respiratory disorders and heart diseases with the regular intake of anthocyanins and its application as a colorant is anticipated to drive the anthocyanins market revenue growth. However, the stringent government regulations are hampering the growth of the market.
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Market Scope: Anthocyanins Market
Anthocyanins market is segmented based on the type, and application.
Based on the type, the market is segmented into the following:
• Peonidin
• Cyanidin
• Delphinidin
• Malvidin
• Others
Based on the application, the market is segmented into the following:
• Pharmaceutical Products
• Personal Care Products
• Food and Beverage
• Others
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Regional Analysis: Anthocyanins Market
Geographically, global anthocyanins market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe anthocyanins market holds the largest share when compared with that of the other regional markets. However, the market has shown a decline owing to its stringent regulations. The Scientific Committee on Food (SCF) evaluates the natural food color that has been approved. North America is another major market in the global anthocyanins market. The United States and Canada contribute the largest share in this region. Owing to the heavy presence of food and beverage, pharmaceutical, and personal care industries is adding fuel to the growth of the anthocyanins market in the region. The Asia Pacific region is expected to grow exponentially in the forecast period due to its emerging economies such as India, China, and Japan.
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Competition Assessment: Anthocyanins Market
Some of the players in the global anthocyanins market include:
• Kalsec Inc. (U.S)
• FMC Corporation (U.S)
• Synthite Industries (India)
• GNT Group (Netherlands)
• Archer Daniels Midlands Co (U.S)
• Symrise A.G. (Germany)
• Naturex S.A. (France)
• CHR Hansen A/S (Denmark)
• Sensient Technologies Corp (U.S)
• D.D. Williamson and Co. Inc. (U.S)
Notable Market Developments: Anthocyanins Market
In June 2016, Naturex signed patent license targeting anthocyanin for enhancing anthocyanins and to expands use of open innovation and differentiates its botanical product portfolio
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