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Oleoresin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global oleoresin market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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 for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, 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.

Key Questions Answered in This Report:

  • How has the global oleoresin market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global oleoresin market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global oleoresin market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Oleoresin Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product
    6.1    Paprika
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Black Pepper
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Capsicum
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Turmeric
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Ginger
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Garlic
        6.6.1 Market Trends
        6.6.2 Market Forecast
    6.7    Onion
        6.7.1 Market Trends
        6.7.2 Market Forecast
    6.8    Others
        6.8.1 Market Trends
        6.8.2 Market Forecast
7    Market Breakup by Application
    7.1    Food and Beverages
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Flavors
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Pharmaceuticals
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Akay Natural Ingredients Private Limited
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
        13.3.2    Ambe Phytoextracts Pvt. Ltd.
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
        13.3.3    AVT Natural Products Limited
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
           13.3.3.3 Financials
        13.3.4    Bioprex Labs
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
        13.3.5    Gurjar Phytochem Pvt. Ltd.
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
        13.3.6    Jean GAZIGNAIRE S.A.S.
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
        13.3.7    Kalsec Inc.
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
        13.3.8    Kancor Ingredients Ltd
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
        13.3.9    Plant Lipids
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
        13.3.10    Synthite Industries Ltd
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio
        13.3.11    Universal Oleoresins
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio 

List of Figures

Figure 1: Global: Oleoresin Market: Major Drivers and Challenges
Figure 2: Global: Oleoresin Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Oleoresin Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Oleoresin Market: Breakup by Product (in %), 2020
Figure 5: Global: Oleoresin Market: Breakup by Application (in %), 2020
Figure 6: Global: Oleoresin Market: Breakup by Region (in %), 2020
Figure 7: Global: Oleoresin (Paprika) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Global: Oleoresin (Paprika) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Oleoresin (Black Pepper) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Oleoresin (Black Pepper) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Oleoresin (Capsicum) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Oleoresin (Capsicum) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Oleoresin (Turmeric) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Oleoresin (Turmeric) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Oleoresin (Ginger) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Oleoresin (Ginger) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Oleoresin (Garlic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Oleoresin (Garlic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Oleoresin (Onion) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Oleoresin (Onion) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Oleoresin (Other Products) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Oleoresin (Other Products) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Oleoresin (Food and Beverages) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Oleoresin (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Oleoresin (Flavors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Oleoresin (Flavors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Oleoresin (Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Oleoresin (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Oleoresin (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Oleoresin (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: North America: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: North America: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: United States: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: United States: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Canada: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Canada: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Asia-Pacific: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Asia-Pacific: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: China: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: China: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Japan: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Japan: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: India: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: India: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: South Korea: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: South Korea: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Australia: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Australia: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Indonesia: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Indonesia: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Others: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Others: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Europe: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Europe: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Germany: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Germany: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: France: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: France: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: United Kingdom: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: United Kingdom: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Italy: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Italy: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Spain: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Spain: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Russia: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Russia: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Others: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Others: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Latin America: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Latin America: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Brazil: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Brazil: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Mexico: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Mexico: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Others: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Others: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Middle East and Africa: Oleoresin Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Middle East and Africa: Oleoresin Market: Breakup by Country (in %), 2020
Figure 79: Middle East and Africa: Oleoresin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Global: Oleoresin Industry: SWOT Analysis
Figure 81: Global: Oleoresin Industry: Value Chain Analysis
Figure 82: Global: Oleoresin Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Oleoresin Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Oleoresin Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 3: Global: Oleoresin Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: Oleoresin Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Oleoresin Market: Competitive Structure
Table 6: Global: Oleoresin Market: Key Players

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