Published By : 29 Nov 2016 | Published By : QYRESEARCH
The global anthocyanins market has experienced an exponential development due to the increasing awareness about the health benefits related to anthocyanins and their growing applications in numerous industries. In addition, the shifting lifestyles of consumers has also raised awareness regarding wellness and health amongst consumers, which, in turn, has fuelled the consumption of anthocyanin rich products, thus having a positive impact on the growth of the market.
Food and Beverages Sector Held a Dominant Share of US$143.5mn in 2015
The global anthocyanins market is predicted to touch US$387.4 mn by 2021, rising at a 4.40% CAGR between 2015 and 2021. In terms of application, the segment of food and beverages held the maximum share of US$143.5mn, in terms of revenue, in 2015. This segment is predicted to maintain its superiority all through the forecast horizon, though this segment may experience a minor decline by the end of the forecast horizon. On the other hand, there is an increasing demand for anthocyanins in the sector of healthcare sector, making the industry of pharmaceuticals amongst the prime contributors for the development of the market. The segment of pharmaceuticals is poised to grow at a 4.90% CAGR between 2015 and 2021.
Dominance of Numerous companies to Bolster Growth of North America Anthocyanins Market
At present, Europe emerged as the most dominant market for anthocyanins on the basis of revenue and held a share of approximately US$106 mn in 2015. This region is predicted to maintain its superiority in the coming years with the UK contributing the significant share. On the other hand, North America is also predicted to be amongst the top anthocyanins markets, having Canada and the U.S. as key contributors in the market. In addition, numerous companies dominant in the market have a robust presence in the region of North America.
The prominent players dominant in the global anthocyanins market are Archer Daniels Midlands Co (Illinois, Chicago), Symrise A.G. (Holzminden, Germany), Naturex S.A. (Avignon, France), CHR Hansen A/S (Denmark, Europe), D.D. Williamson and Co. Inc.(Kentucky, U.S.), Sensient Technologies Corp (Wisconsin, U.S.), Kalsec Inc.(Michigan, U.S.), Synthite Industries (Kerala, India), GNT Group (Aschen, Germany), and FMC Corporation (Pennsylvania, U.S), among others.