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Anthocyanin Market worth $591.75 million by 2030, growing at a CAGR of 6.05% - Exclusive Report by 360iResearch

03-05-2024 11:12 AM CET | Food & Beverage

Press release from: 360iResearch

Anthocyanin Market | 360iResearch

Anthocyanin Market | 360iResearch

The "Anthocyanin Market by Product Type (Cyanidin, Delphinidin, Malvidin), Source (Cereals, Flowers, Fruits & Vegetables), End User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Anthocyanin Market to grow from USD 392.12 million in 2023 to USD 591.75 million by 2030, at a CAGR of 6.05%.

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Anthocyanins are a class of water-soluble pigments that belong to the flavonoid group of compounds. Anthocyanins are responsible for the purple, blue, and red colors found in many fruits, vegetables, cereals, and flowers. Chemically, anthocyanins are glycosides of anthocyanidins, which are the basic aglycone molecules. In the food and beverage industry, anthocyanins are used to improve the visual appeal of products, including juices, wines, and confectionaries. Growing customer awareness about the health benefits of anthocyanin intake propels market growth. In addition, the surge in preference for natural over synthetic products enhances the demand for anthocyanin-based offerings. However, the cost of extracting anthocyanin, especially from certain natural sources, can be prohibitive for many manufacturers. Furthermore, the development of stable and efficient extraction methods that could lower production costs and improve quality creates lucrative opportunities for market growth.

In the United States and Canada, the market for anthocyanins has been witnessing an upward trend due to growing awareness among consumers concerning the health benefits associated with these compounds. The high prevalence of lifestyle-related diseases and a shift towards plant-based nutrition are fueling demand for anthocyanin-rich products. In European Union countries, there is a strong demand for anthocyanins driven by the health-conscious populace and stringent regulations promoting natural additives in the food industry. The European Union's support for research into the functional properties of anthocyanins underscores the region's commitment to fostering innovation. Meanwhile, the Middle East and Africa are emerging markets with increasing investments from multinational corporations looking to capitalize on the shifting preferences towards health supplements and functional foods. The APAC region is marked by a robust demographic eager for wellness products, which significantly drives the anthocyanin market. Countries including China, Japan, and India showcase a heritage of using anthocyanin-rich ingredients in traditional medicine, which resonates with current consumer trends seeking natural and organic products.

Market Segmentation & Coverage:

This research report categorizes the Anthocyanin Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product Type, market is studied across Cyanidin, Delphinidin, Malvidin, Pelargonidin, Peonidin, and Petunidin. The Cyanidin commanded largest market share of 21.95% in 2023, followed by Malvidin.

Based on Source, market is studied across Cereals, Flowers, Fruits & Vegetables, and Legumes. The Fruits & Vegetables commanded largest market share of 48.08% in 2023, followed by Flowers.

Based on End User, market is studied across Cosmetics & Personal Care, Food & Beverage Industry, Nutraceutical Industry, Pharmaceutical Industry, and Textile Industry. The Food & Beverage Industry is further studied across Bakery & Confectionery, Beverages, and Dairy-based Products. The Food & Beverage Industry commanded largest market share of 34.89% in 2023, followed by Cosmetics & Personal Care.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 41.89% in 2023, followed by Asia-Pacific.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Anthocyanin Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Anthocyanin Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Anthocyanin Market, highlighting leading vendors and their innovative profiles. These include American Color Research Center, Inc., Anthocyanin Naturals India Limited., Archer-Daniels-Midland Company, AromataGroup SRL, BASF SE, Chr. Hansen Holding A/S, Clariant AG, DuPont de Nemours, Inc., Döhler GmbH, Evonik Industries AG, FMC Corporation, Food Ingredient Solutions LLC by Oterra A/S, Givaudan, Hangzhou Skyherb Technologies Co., Ltd., International Flavors & Fragrances Inc., IPRONA SpA, Kalsec Inc., Kemin Industries, Inc., Lallemand Inc., Nanjing NutriHerb BioTech Co., Ltd., Sensient Technologies Corporation, Symrise AG, Syngenta AG, Synthite Industries Pvt. Ltd., and Vinayak Ingredients India Pvt. Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Anthocyanin Market, by Product Type
7. Anthocyanin Market, by Source
8. Anthocyanin Market, by End User
9. Americas Anthocyanin Market
10. Asia-Pacific Anthocyanin Market
11. Europe, Middle East & Africa Anthocyanin Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Anthocyanin Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Anthocyanin Market?
3. What is the competitive strategic window for opportunities in the Anthocyanin Market?
4. What are the technology trends and regulatory frameworks in the Anthocyanin Market?
5. What is the market share of the leading vendors in the Anthocyanin Market?
6. What modes and strategic moves are considered suitable for entering the Anthocyanin Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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