Anthocyanin : Global Market Intelligence ( 2023-2030 )

REPORT OBJECTIVES

The report "Anthocyanin : Global Market Intelligence ( 2023-2030 ) " provides market intelligence on the different market segments, based on Source, Application, Distribution Channel, Region, Company etc. Market size and forecast (2020-2030) has been provided in the report. The primary objectives of this report are to provide 1) comprehensive global market intelligence through detailed segmentation, 2) market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends, 3) detailed analysis of current dynamics and trends, key market players, and strategies in the market, 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants, 5) provide emerging opportunities in the market and the future impact of major drivers and restraints of the market and, 6) support decision makers in making cost-effective business decisions.

RESEARCH METHODOLOGY

In our market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in each region. Extensive primary research was also carried out by interviewing the key executives from the industry. These interviews helped us to fill-in the data gaps after secondary research. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study. The respondents - selected experts from manufacturers and selected suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects. The usage of obtained information is based on the perceived reliability by the research team. In many cases, a combination of several sources was used. Sprout Intelligence provides an in-depth analysis of the market segmentation, which is a critical element of the market intelligence reports at Sprout Intelligence.

KEY AUDIENCE

Executives in marketing, strategic planning and new product development will find such discussions in our reports pertinent and useful. Management consultants, investment bankers, manufacturers, distributors, suppliers, and regulatory authorities are amongst our regular clientele served.

DATA SOURCES

The general data sources used in this report are company websites, trade association publications, regulatory authorities, journals, magazines, news websites, press releases, media publications, interaction with industry experts, company executives, research papers, articles, patents, scientific literature, among many others.

KEY FINDINGS FROM THE REPORT

The Anthocyanin market was valued at $526.3 Million in 2019, and is projected to reach $743.1 Million by 2028 growing at a CAGR of 4.99% from 2020 to 2028.

Fruits segment is expected to be the highest contributor to this market, with $353.0 Million in 2019, and is anticipated to reach $492.3 Million by 2028, registering a CAGR of 4.85%.

Vegetables segment is anticipated to reach $147.7 Million by 2028 with the highest CAGR of 5.67%.

Fruits and Vegetables segments collectively expected to account for about 85.8% share of the Anthocyanin market in 2019, with the former constituting around 67.1% share.

Vegetables and Cereals segments are expected to witness significant growth rates at a CAGR of 5.67% and 5.39% respectively, during the forecast period.

Presently, share of these two segments is estimated to be around 28.9% in the overall Anthocyanin market in 2019, and is anticipated to reach 30.3% by 2028.

The global anthocyanin market is experiencing robust growth, primarily driven by the increasing consumer demand for natural food colorants and antioxidants.

Anthocyanins, being vibrant pigments found in various fruits and vegetables, are gaining popularity as a healthier alternative to synthetic food dyes, propelling their market demand.

Additionally, the growing awareness among consumers about the health benefits associated with anthocyanin consumption, such as their anti-inflammatory and antioxidant properties, is further fueling market expansion.

Furthermore, the incorporation of anthocyanins in the pharmaceutical and cosmetics industries is providing new growth opportunities for market players, as these compounds find applications in skincare and nutraceutical products, aligning with the rising trend of clean and green beauty products.

Overall, the global anthocyanin market is poised for sustained growth, driven by the dual forces of consumer preference for natural ingredients and the broadening spectrum of applications in various industries..