Global Oleoresin Market Research Report And Outlook: Ken Research

How is the Global Oleoresin Market Positioned?

The Global oleoresin market is currently at growth stage. The increasing shift in consumer preferences towards natural and organic products has stimulated the demand for oleoresins across the globe. Since oleoresins help in standardizing flavor, aroma and color in food items, their demand has grown considerabely over the review period. The market still faces competition from synthetic colors and nature-identical flavors as they are relatively cheaper to oleoresins.

Majority of the oleoresin production in the world is concentrated in India, China, Indonesia, US and more due to the abundance of raw material owing to suitable climatic conditions. Other countries usually import the final product or crude oleoresins which are further processed. The availability of oleoresins in varied forms such as oil soluble, water soluble and oil & water soluble have widened their end-user applications.

The rising demand from the food and beverage sector, particulary the flavors and seasonings manufacturers, has been the key factor influencing the growth of the market over the period 2014-2019. The global flavors consumption reached ~tons in 2019, which has positively impacted the growth of the market. The global oleoresin market has grown from USD ~ million in 2014 to USD ~ million in 2019, witnessing a positive CAGR of ~%. Increasing demand from the nutraceutical and pharmaceutical as well as the animal feed industry has also propelled the growth of the market.

The market faces price fluctuations during times of low crop yield and insufficient rain due to its dependence on agri-based raw materials. Export of oleoresins is also subject to stringent regulations pertaining to quality of raw material and permissible limit of pesticides and solvent residue.

How is Global Oleoresin market Segmented?

By Type (Paprika, Black Pepper, Turmeric, Capsicum, Ginger, Garlic, Marigold, Onion and Others):-

Paprika oleorein dominated the global oleoresin market in 2019, with a revenue share of ~%, due to huge demand as a natural food colorant as well as the animal feed industry. Black pepper oleoresin accounted for the second highest revenue share owing to rising consumption by the processed meat, seasonings and nutraceutical industry. Capsicum, ginger, garlic and onion oleoresins are being increasingly demanded by the flavors as well as packaged food industry. Marigold oleoresin grew at a CAGR of ~% over the period 2014-2019, owing to increasing demand by the animal feed industry for improving the color of egg yolk and also the nutraceutical industry, particularly for eye-care product segment.

Global Oleoresins Market

By Application (Food & Beverage, Nutraceuticals & Pharmaceuticals, Animal Feed and Others):-

The Food & Beverage sector was analysed to be the largest end-user application of oleoresins to impart flavor, aroma and color, accounting ~% revenue share in 2019.

By Food & Beverage Application (Seasonings, Condiments & Flavors, Processed Meat & Packaged Food, Beverages, Bakery & Confectionery and and Others):-

Out of the applications within the food and beverage industry, seasonings, condiments and flavors dominated the market with a revenue share of ~% in 2019. Processed meat and packaged food also contributed significant revenue to the industry with a share of ~% in 2019. The demand for oleoresins by the beverages, bakery & confectionery and the dairy industry has also grown considerably over the review period 2014-2019.

Key Segments Covered:-

By Type:

Paprika Oleoresin

Black Pepper Oleoresin

Turmeric Oleoresin

Capsicum Oleoresin

Ginger Oleoresin

Garlic Oleoresin

Marigold Oleoresin

Onion Oleoresin

Others

By Application:

Food and Beverages

Seasonings, Condiments and Flavors

Processed Meat and Packaged Food

Beverages

Bakery and Confectionery

Others

Nutraceuticals and Pharmaceuticals

Animal Feed

Others

By Region:-

US

Brazil

UK

Germany

France

India

China

Others

Key Target Audience:-

Oleoresin Producers

Oleoresin Traders and Suppliers

Spices Producers

Food and Beverage Manufacturers

Flavours and Seasoning Manufacturers

Meat and Packaged Food Manufacturers

Pharma and Nutraceutical Manufacturers

Animal Feed Manufacturers

Industry Associations

Government Agencies and Regulatory Bodies

Time Period Captured in the Report:-

Historical Period: 2014- 2019

Forecast Period: 2020F– 2025F

Companies Covered:-

Synthite Industries Private Limited

Plant Lipids Private Limited

Kancor Ingredients Limited

Akay Flavours and Aromatics

AVT Natural Products

Chenguang Biotechnology Group

Kalsec Inc.

Vidya Herbs Private Limited

BOS Natural Flavors Private Limited

For more information on the research report, refer to below links:-

Global Oleoresins Market

Related Reports:-

India Herbal Extract Market by End Users (Pharmaceuticals & Nutraceutical, Cosmetics and Food & Beverage Industries), by Extract type (Carotenoids, Aloe Vera, Ginger, Capsicum, Turmeric, Shilajit, Marigold, Shatavari and Others), Oleoresins and Essential Oil – Outlook to 2022

India Flavor and Fragrance Industry Outlook to 2020 – Driven by Demand of Personal Grooming Products and Growth of Food Additives Market

The US Flavors And Fragrances Market Outlook To 2016 – Ageing Population And Consumer Tendency Towards Natural And Healthy Products Driving The Maturing Market

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