Global Oleoresin Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Oleoresin Market” is a recent report generated by MarketResearch.biz, and is based on a thorough study of the global market. Exhaustive research was conducted in order to ascertain every aspect in the target market to allow a confident presentation of all findings. The global oleoresin market report has been segmented on the basis of product, application, raw material, and region.
Oleoresin is a mixture of essential oil and resin, which are extracted from different vegetables, spices, seeds, nuts, plants etc. These are in a highly concentrated substances in liquid form. They have the same properties as original spice, which can replace ground or whole spices without changing flavor, aroma, or texture. Oleoresins play an important role in the preparation of various products in the fragrance and flavor industry. Oleoresins are used in the food industry as coloring and flavoring agents, and also in salad dressing. Oleoresins are used as a coloring agent in snack foods, meats, butter, cheese, and cereals, as well as in jams, jellies, and gelatin preparations. In desserts, soups, frozen foods, fish preserved in oil, meat sauces, etc. Oleoresins are used in some medicines, soaps, and even hair lotions. Because they have the same properties as the original spice, they can replace whole or ground spices without compromising aroma, flavor, or texture. Oleoresins present several advantages whole or ground spices do not have such as being easy to transport and store as a result of being in a concentrated form, thereby reducing volume and bulk.
Among some of the major or primary factors projected to drive growth of the global oleoresin market, growing health awareness among consumers, changing lifestyle, increasing consumption of natural food products, and increasing lifestyle-related diseases remain on top of the list. Increasing demand for seasoning and packaged spices in restaurants and rising adoption of oleoresins in food & beverages industry is expected to spur market growth.
In addition, increasing demand for baked foods and confectionary products and growing preference for natural ingredients over artificial colors and flavors are other factors projected to bolster demand for oleoresins.
However, fluctuation in raw material prices is a major factor expected to restrain growth of the global oleoresin market to a certain extent over the forecast period.
Among the product segments, the paprika oleoresin product segment is projected to dominate and register a higher CAGR in terms of revenue in the global oleoresin market.
Among the application segments, the flavor segment is estimated to account for highest revenue share as compared to food & beverage application segment owing to changing consumer preferences for a healthy diet and lifestyle management.
Europe is expected to dominate with largest revenue share, followed by Asia Pacific. Increasing inclination towards natural ingredients and extracts used in the preparation of a wide range of food product is projected to drive growth of the oleoresin market in Europe.
Asia Pacific oleoresin market is estimated to register a significant growth rate over the forecast period, mostly contributed by countries such as India and China. Consumers in countries in the region usually prefer multiple varieties of spices in food preparations, and demand for spice oils has been high and is gaining traction. Rising demand for spices and spice mixes is also projected to support market growth, especially in India.
Global Oleoresin Market Segmentation:
Segmentation by Product:
- Black Pepper
- Others (Including cinnamon, fenugreek, rosemary, savory, vanilla, tamarind, cocoa, mustard, white pepper, coriander, and west Indian bay leaves)
Segmentation by Application:
- Food & Beverage
- Others (Including meat canning, sauces, confectionary, perfumery & soap)
Segmentation by Raw Material:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Oleoresin Company
- Silverline Chemicals Ltd.
- Jean Gazignaire SA
- Qingdao Ruibang Biotechnology Co., Ltd.
- Agnes Herbs
- Shijiazhuang City Bio-Technology Co., Ltd.
- Adani Pharmachem Private Limited
- Kancor Ingredients Limited
- Ozone Naturals
- Plant Lipids
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