Global Oleoresin Market to Reach US$ 1.9 Billion by 2027, Propelled by Rapid Expansion in Food and Beverage (F&B) Industry

December 02, 2022

IMARC Group's latest report, titled "Oleoresin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," finds that the global oleoresin market size reached US$ 1.4 Billion in 2021. Oleoresins are organic extracts containing a complex mix of resins and fatty oils. They are obtained through solvent extraction and are more shelf-stable than the whole spice. They offer numerous benefits over conventional herbs and spices, such as affordability, heat stability, flavor consistency, prevention of microbial contamination, convenient storage and handling, and long shelf life. As a result, oleoresins are widely used in processed foods, including chutneys, confectionery products, soups, sauces, dressings, cheeses, snacks, processed meat and seafood, baked goods, processed vegetables, and beverages. 

Global Oleoresin Market Trends:

Rapid expansion in the food and beverage (F&B) industry due to rising demand for snacks and fast-food items represents the primary factor driving the market growth. Moreover, food manufacturers are rapidly replacing artificial ingredients with clean-label ingredients due to rising awareness among individuals about maintaining health and increasing consumer willingness to spend on quality products, which is positively influencing market growth. Additionally, the increasing usage of oleoresins in luxury hotels and gourmet restaurants due to the rising popularity of ethnic cuisines with exotic flavors and significant growth in interpopulation is another major growth-inducing factor. Besides this, the surging adoption of oleoresins in the pharmaceutical sector to manufacture medicines and in the personal care industry to produce soaps and body lotions is contributing to the market growth. Furthermore, the increasing use of oleoresins as natural flavoring agents and colorants in animal feed for domestic livestock on account of rapid expansion in the agriculture industry has catalyzed market growth. Other factors, including the escalating demand for convenience food products, inflating consumer disposable incomes, rising number of quick service restaurants (QSRs), and increasing consumption of organic food and beverages, are also propelling the market growth. Looking forward, IMARC Group expects the market value to reach US$ 1.9 Billion by 2027, expanding at a CAGR of 6.23% during 2022-2027.

Market Summary:

  • Based on the product, the market has been divided into paprika, black pepper, capsicum, turmeric, ginger, garlic, onion, and others. 
  • On the basis of the application, the market has been segmented into food and beverages, flavors, pharmaceuticals, and others. 
  • Region-wise, the market has been categorized into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and Middle East and Africa. 
  • The competitive landscape of the market has also been examined, with some of the key players being Akay Natural Ingredients Private Limited, Ambe Phytoextracts Pvt. Ltd., AVT Natural Products Limited, Bioprex Labs, Gurjar Phytochem Pvt. Ltd., Jean GAZIGNAIRE S.A.S., Kalsec Inc., Kancor Ingredients Ltd, Plant Lipids, Synthite Industries Ltd., and Universal Oleoresins.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St, Ste 
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Global Oleoresin Market to Reach US$ 1.9 Billion by 2027, Propelled by Rapid Expansion in Food and Beverage (F&B) Industry
Select Licence Type

Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More