The global demand for Oleoresin Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Tons in 2021 and forecast to touch XX Tons by 2028 with a CAGR of XX% during 2022-2028.
Oleoresin is made from varied ingredients and spices, which are found worldwide. Oleoresins are highly concentrated substances usually found in liquid form and are extracted from various vegetables, plants, seeds, nuts, and spices. Oleoresins are mainly used in processed foods, including soups, sauces, dressings, cheeses, chutneys, confectionery items, snacks, processed meat, seafood, processed vegetables, dairy products, and beverages. Oleoresins are produced to retain the spice's powerful flavour, and aroma and are extensively used in the natural food colours and flavours market.
The increasing consumption of organic food & beverages has bolstered the demand for organic spices, which is projected to create lucrative opportunities for oleoresins in food & beverage applications. Also, oleoresins are gaining traction in the pharmaceutical industry to prepare medicines and the personal care industry to manufacture soaps and body lotions. Moreover, their demand is anticipated to rise because of the expanding agriculture industry, wherein oleoresins are utilized as natural colorants and flavouring agents in animal feed for domestic livestock. However, oleoresin requirement is throughout the year, but spices produce oleoresins seasonally. This is the major factor that restraints the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of oleoresin. The growth and trends of Oleoresin Industry provide a holistic approach to this study.
This section of the oleoresin market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Black Pepper
- Seed Spice
This section covers the regional outlook, which accentuates current and future demand for the Oleoresin market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Oleoresin Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the oleoresin market include Chenguang Biotech Group Co. Ltd., Kancor Ingredients Ltd., Kalsec Inc. Universal Oleoresins, Givaudan, Akay Group Ltd., Synthite Industries Ltd., AVT, Indo-World, Paprika Oleo's India Limited, Paras Perfumers, Manohar Botanical Extracts Pvt. Ltd., Naturite Agro Products Ltd, MRT GREEN PRODUCTS, All-Season Herbs, TMV Aroma, Plant Lipids, Ozone Naturals. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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