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Oleoresins Market Size worth USD 1.3 Billion by 2027, at a CAGR 4.7% – Exclusive Market Report by Reports And Data

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Oleoresins Market Size worth USD 1.3 Billion by 2027, at a CAGR 4.7% – Exclusive Market Report by Reports And Data

Oleoresins Market Size worth USD 1.3 Billion by 2027, at a CAGR 4.7% - Exclusive Market Report by Reports And Data

Oleoresins Market
The segment is growing at a CAGR of 3.9% during the forecasted period.

Easy to transport, more stable when heated, more economical to use, free from contamination, longer shelf life due to minimal oxidative degradation or loss of flavor are the major driving factors for Oleoresin Market

Market Size – USD 1.3 Billion in 2018, Market Growth – CAGR of 4.7%, Market Trends – Higher raw material Prices is a major restraint for market

According to the Reports and Data, global oleoresins market was valued at USD 1.3 Billion in 2018 and is projected to grow at a CAGR of 4.7% from 2019 to reach USD 1.9 Billion by the year 2027. As consumers are progressively becoming fitness conscious, there’s an increasing modification towards natural and organic products across the world. An oversized number of processed meat and packaged foods manufacturers are moving towards using oleoresins as a substitute to ground spices thanks to hygiene and food safety concerns and straightforward transportability. Food manufacturers also are moving far from synthetic flavors and nature-identical colors and are using oleoresins instead. This shift has played a vital role in propelling the expansion of the industry.

Oleoresins such as paprika, capsicum, black pepper, ginger, garlic, jalapeno, oregano, rosemary, thyme, and more are primarily demanded in the manufacturing of seasonings and condiments including sauces, dips, spice mixes and more. Owing to this, the industry has witnessed significant growth over the review period. Due to the ingredients found in oleoresins such as black pepper, turmeric, and more, there has been a growing demand for these ingredients by the nutraceuticals and pharmaceutical industry. Oleoresins have healing properties such as anti-inflammation, anti-diabetic, anti-depressant, detoxification, pain-relief, anti-fungal, and many more features, which have stimulated their usage in the nutraceuticals industry. The rising demand for oleoresins such as turmeric and paprika by the animal feed industry has also positively impacted the market. These oleoresins are used as growth stimulators and also help in imparting bright yellow color to egg yolks in the poultry industry. Though intense competition from various market players and susceptibility to regulatory changes, the sector is wide-open to intense competition from other players in the herbal segment as well as the pharmaceutical industry. Uncertain availability of raw materials, the raw materials are agro-based, their prices are volatile in nature. This may lead to fluctuation in revenue and profitability. 

The key players in this market include:

Akay Group (India), Synthite Industries Pvt. Ltd. (India), AVT Naturals (India), Givaudan (Switzerland), PT Indesso Aroma (Indonesia), Vidya Herbs Private Limited (India), Ungerer & Company (US), Kancor Ingredients Ltd. (India), Plant Lipids (India), Kalsec Inc.(US), Gazignaire (France), and Universal Oleoresins (India).

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Segments covered in the report:

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Reports and Data have segmented the Oleoresins market on the basis of source, application, extraction process and region:

By Source (Volume Kilo Tons, Revenue, USD Million; 2019-2027)

  • Paprika
  • Capsicum
  • Seed spices
  • Turmeric
  • Ginger
  • Cinnamon & cassia
  • Herbs
  • Others (cardamom, floral, asafetida, tamarind, nutmeg, onion, and garlic)

Application (Volume Kilo Tons, Revenue, USD Million; 2019-2027)

  • Food & beverages
  • Pharmaceuticals & nutraceuticals
  • Personal care products
  • Feed
  • Others

Extraction process (Qualitative)

  • Solvent extraction
  • Supercritical fluid extraction

Regional Outlook (Volume Kilo Tons, Revenue, USD Million; 2019-2027)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Middle East & Africa

  • Latin America

    • Brazil
    • Rest of Latin America

Further key findings from the report suggest:

  • By type, turmeric based resins are extensively utilized in healthcare and pharmaceutical industries to treat several dermatological conditions. The rising application of turmeric oleoresins in food & beverage is thrusting the market growth. The rising food & beverages industry, especially in Asia Pacific, is projected to impel the market. The turmeric oleoresins are growing at a CAGR of 4.1% during the analysis period.
  • Asia pacific region is expected to grow at a CAGR of 5.1% during the forecasted period. Increasing consumer awareness regarding the low-calorie diet and healthy diet is driving the market growth. Also, the major production rate is expected to foster the market. For instance, India is the one of the major producers of pepper oleoresins.
  • Highly qualified and experienced personnel are present at each stage of production. Goods are manufactured in closed systems and conform to the various international food regulation acts. The commodities are free of Genetically Modified Organisms (GMO), enzymes, catalysts, novel proteins, animal fats, DNA, Allergen, etc. The APAC region is expected to be the fastest-growing oleoresins market, due to the accessibility of raw materials and supportive climatic conditions for the growth of plants. Oleoresin finds its usefulness in the pharmaceutical industry and also used for the other disease. Next, the improved shelf life of oleoresins as compared to raw spices offers dietary benefits. The rising concern about the side-effects of synthetic products has encouraged manufacturers to invest in the production of end products that contribute to the wholesome health of consumers.

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Table of Content:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2018 – 2027

Chapter 3. Indicative Metrics

    3.1. Macro-Economic Indicators
          3.1.1. Increase in Demand for Oleoresins in Countries with Growing GDP
          3.1.2. Increasing population
          3.1.3. Global food and beverages industry: Snap shot

Chapter 4. Oleoresin Market Segmentation & Impact Analysis

    4.1. Oleoresin Segmentation Analysis
    4.2. Oleoresin Market Impact Analysis
          4.2.1. Market driver analysis
                  4.2.1.1. Growth in demand from the food industry
                  4.2.1.2. Growth in awareness about health benefits offered by oleoresins
                  4.2.1.3. Increasing number of multi-cuisine restaurants across the globe
          4.2.2. Market restraint analysis
                  4.2.2.1. High R&D Costs
          4.2.3. Market opportunity analysis
    4.3. Regulatory framework
    4.4. Porter’s Five Force Analysis
          4.4.1. Threat of New Entrants
          4.4.2. Threat of Substitutes
          4.4.3. Bargaining Power of Suppliers
          4.4.4. Bargaining Power of Customers
                  4.4.5. Competitive Rivalry
    4.5. Oleoresin PESTEL Analysis
    4.6. Porters Five Forces Model

Chapter 5. Oleoresin Market by Source Insights & Trends

    5.1. Source Dynamics & Market Share, 2018 & 2027
    5.2. Paprika
          5.2.1. Market estimates and forecast, 2016 – 2027 (USD Million) (Kilo Tons)
          5.2.2. Market estimates and forecast, by region, 2016 – 2027 (USD Million) (Kilo Tons)
    5.3. Capsicum

Continued…

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About Reports and Data:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

 

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