Anthocyanin Market Growth Analysis: Size, Share, Trends, and Forecast 2030
The global anthocyanin market is set to embark on a promising growth trajectory in the short term, driven by escalating demand in the food and beverage sector, particularly in emerging markets like BRICS and South Asia. As the world consumed a staggering 2.5 billion metric tonnes of food in 2021, with bread and cereal items alone accounting for 626 million metric tonnes, the demand for anthocyanins is projected to surge. Anthocyanins, known for their natural and artificial coloring properties, are increasingly sought after in the food and beverage industry due to their multifaceted health benefits, including combating cardiovascular disorders, diabetes, cancer, and cognitive decline. Shifting food consumption patterns and a growing preference for healthier foods further bolster the demand for anthocyanins.
Research indicates that organic food sales in the United States reached 4% of total food sales, amounting to a market worth $850 billion by 2020. Fruit concentrates are expected to witness significant growth as consumers gravitate toward enticing and nutritious packaged food and beverages. Additionally, anthocyanins have been found to lower blood sugar levels and possess anti-inflammatory properties, contributing to their increased popularity. The market is driven by heightened demand from the food and beverage sectors, thanks to its functional attributes, including anti-allergic, anti-diabetic, anti-microbial, anti-inflammatory, and antioxidant properties. Anthocyanin-rich foods include blackberries, blueberries, raspberries, strawberries, cherries, purple grapes, beets, red cabbage, and red beans.
Anthocyanin Market: Navigating the COVID-19 Impact
The global market landscape was not immune to the effects of the COVID-19 pandemic, as consumers pivoted towards healthier choices, underpinned by a surge in health consciousness. Two key factors propelling the growth of the global anthocyanin market amidst the pandemic include heightened public awareness of anthocyanin’s health advantages and its expanding applications across various industries. Evolving lifestyles and increasing disposable income levels also play a pivotal role in driving demand. The rising purchasing power of consumers has led to increased consumption of anthocyanin-rich foods, further fueling market growth.
Pharmaceutical Industry as a Catalyst for Anthocyanin Market
Anthocyanin finds applications in numerous prescription medications and specialty drugs, owing to its antioxidant, anti-inflammatory, anti-microbial, and anti-allergic properties. Its ability to improve microcirculation and accelerate metabolism contributes to combating obesity. Studies have also shown that anthocyanin consumption can reduce the risk of respiratory issues and heart disease. Additionally, anthocyanin is utilized in dietary supplements, with research demonstrating improved cognitive function in youngsters aged 7 to 10 who consume supplements rich in anthocyanins from blueberries. These attributes, along with its free radical-fighting, anti-inflammatory, and anti-cancer effects, contribute to the growth of the anthocyanin market.
Expanding Applications in Food and Beverage Additives
The food industry’s increasing reliance on additives to meet technological demands, coupled with the need for quality standardization and seasonal food production, has led to the widespread adoption of colorant chemicals, including natural anthocyanin. Anthocyanin’s strong antioxidant capabilities make it an attractive food ingredient. Its color stability during storage further encourages its use in beverages, confections, and bread fillings. According to Invest India, the food processing industry in India is projected to surpass half a trillion dollars by 2025, driving the demand for anthocyanins in the food and beverage sector.
Challenges in Anthocyanin Market
The susceptibility of anthocyanins to degradation, especially when isolated, poses challenges in handling and processing. Understanding the fundamental chemistry of anthocyanins and proper storage techniques are crucial for managing the extraction process. Additionally, anthocyanins share drawbacks with some medications, such as an inability to control normal blood glucose levels and the potential for weight gain. These issues are anticipated to hinder market growth during the forecast period.
Cyanidins Lead the Way with Strong Antioxidant Properties
Cyanidin, a component of anthocyanins, stands out for its potent antioxidant capabilities and other beneficial attributes. These properties bolster the expansion of the anthocyanin market, despite the challenges associated with anthocyanin stability and potential drawbacks.
Personal Care Segment Takes the Lead
The personal care segment is witnessing robust growth due to the high antioxidant activity and numerous health benefits of anthocyanins, which range from disease prevention to enhancing skin attractiveness. Consumers are increasingly favoring cosmetics made from natural ingredients, including fruits, vegetables, and herbs rich in anthocyanins. These cosmetics offer anti-inflammatory and hydrating properties, slowing aging and improving skin health. Major companies are incorporating anthocyanins into skincare and body care products to align with consumer preferences.
Europe Leads with Processed Food and Beverage Preference
Europe leads the global anthocyanin market, driven by the thriving food and beverage industry and stringent regulations governing food enhancement agents. The accessibility of raw materials and the popularity of packaged meals further fuel market growth. Germany, in particular, boasts a significant market share in the food and beverage industry, contributing to the expansion of the European anthocyanin market.
Asia Pacific Rises on Changing Consumer Habits
Asia Pacific is experiencing substantial growth in the anthocyanin market, driven by changing consumer preferences for healthy ingredients, rising middle-class disposable income, and increased investments in local company expansions. China, in particular, has witnessed a surge in the consumption of organic food and personal care products, contributing to market expansion. The utilization of social media channels for awareness and marketing is expected to further boost demand for anthocyanins across all industries.
Global Anthocyanin Market: Competitive Landscape
In April 2021, Chr. Hansen Natural Colors, a leading provider of natural colors, announced plans to accelerate expansion through the acquisition of SECNA Natural Ingredients Group S.L. This strategic move enhances Chr. Hansen Natural Colors’ position by providing access to a robust pigment portfolio, including anthocyanins from black carrots and grapes. In July 2021, Sensient Technologies Corporation acquired Flavor Solutions, Inc.’s assets, expanding its flavor portfolio, including technologies for taste modulation, sweetness enhancement, and salt reduction.
Prominent players in the global anthocyanin market include Akzo Noble N.V., Lake International Technologies, Hansen A/S, Albemarle Corporation, and The Good Scents Company.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 – By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/anthocyanin-market
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