Oleoresin Market Report by Product (Paprika, Black Pepper, Capsicum, Turmeric, Ginger, Garlic, Onion, and Others), Application (Food and Beverages, Flavors, Pharmaceuticals, and Others), and Region 2024-2032

Oleoresin Market Report by Product (Paprika, Black Pepper, Capsicum, Turmeric, Ginger, Garlic, Onion, and Others), Application (Food and Beverages, Flavors, Pharmaceuticals, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A3870
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Market Overview:

The global oleoresin market size reached US$ 1.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 1.5 Billion
Market Forecast in 2032
US$ 2.5 Billion
Market Growth Rate 2024-2032 5.5%


Oleoresins are natural extracts with a complex mixture of resins and fatty oils that are obtained via a solvent extraction process. They provide several advantages over conventional herbs and spices, including cost-efficiency, heat stability, flavor consistency, microbial contamination prevention, easy storage and handling, and long shelf life. The application of different oleoresins varies depending on their properties. For example, paprika oleoresin is mainly used as a colorant and flavoring agent in cheese, sauces, beverages, confectionery, and processed meat products. Black pepper oleoresins are widely utilized in health products as they impart taste and have antioxidant properties.

The rising demand for snacks and fast-food items on account of the increasing per capita income and changing consumer preferences represents one of the major factors positively influencing the application of oleoresins in the food and beverage (F&B) industry. Moreover, the growing interest in ethnic cuisines with exotic flavors due to significant growth in interpopulation is influencing the utilization of oleoresins in gourmet restaurants and luxury hotels. Additionally, improving awareness among individuals about maintaining health and increasing willingness to spend on high-quality products are encouraging food manufacturers to replace artificial ingredients with clean label ingredients. Apart from this, oleoresins are gaining traction in the pharmaceutical industry to prepare medicines and the personal care industry to manufacture soaps and body lotions. Furthermore, with the expanding agriculture industry wherein oleoresins are utilized as natural colorants and flavoring agents in animal feed for domestic livestock, their demand is anticipated to rise.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global oleoresin market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product and application.

Breakup by Product:

  • Paprika
  • Black Pepper
  • Capsicum
  • Turmeric
  • Ginger
  • Garlic
  • Onion
  • Others
     

Breakup by Application:

  • Food and Beverages
  • Flavors
  • Pharmaceuticals
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product, Application, Region.
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered  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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global oleoresin market was valued at US$ 1.5 Billion in 2023.

We expect the global oleoresin market to exhibit a CAGR of 5.5% during 2024-2032.

The rising consumer interest in ethnic cuisines with exotic flavors, along with the increasing demand for oleoresin, as it offers cost-efficiency, heat stability, flavor consistency, microbial contamination prevention, etc., over conventional herbs and spices, is primarily driving the global oleoresin market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of oleoresin.

Based on the product, the global oleoresin market has been segregated into paprika, black pepper, capsicum, turmeric, ginger, garlic, onion, and others. Among these, black pepper currently holds the largest market share.

Based on the application, the global oleoresin market can be bifurcated into food and beverages, flavors, pharmaceuticals, and others. Currently, food and beverages exhibit a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global oleoresin market include 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.

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Oleoresin Market Report by Product (Paprika, Black Pepper, Capsicum, Turmeric, Ginger, Garlic, Onion, and Others), Application (Food and Beverages, Flavors, Pharmaceuticals, and Others), and Region 2024-2032
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