How is the global Oleoresin market Segmented?
By Region (Europe, North America, Asia-Pacific, South America and Middle East & Afria):-
Europe was analysed to be the largest oleoresin consuming region accounting for ~% revenue share in the overall oleoresin market in 2019. While North America accounted for ~% revenue share, making it the second largest region for oleoresins. The large number of flavors and fragrance houses as well as the processed and packaged food industries in these regions has been one of the major factors driving the oleoresin market in these regions over the review period 2014-2019. The remaining revenue was contributed by Asia-Pacific, South America and Middle East & Africa Regions.
By Type (Paprika, Black Pepper, Turmeric, Capsicum and Others) in Regions:-
Paprika oleoresin dominated the oleoresin market in Europe in 2019 due to the large demand by the flavors and fragrance industry. Black Pepper and Turmeric oleoresins also contributed significant revenue to the industry owing to huge demand from the nutraceutical industry.
End-User Perspective in Global Oleoresin Market
Major end-users of oleoresins including Seasonings, Condiments and Flavors, Nutraceutical and Pharmaceutical and Animal Feed Industry including Market Overview, Market Size, Global Trends, Major Players and their Market Share and Future Projections in the Industry.
Competitive Landscape of Global Oleoresin Market
The global oleoresin market is currently in growth stage and the competition in the market is moderately concentrated. Majority of the oleoresin producers are based in India, China, Indonesia, US and more. Most of the players provide all the different types of oleoresins and different oleoresin blends in order to cater to large number of end-user industries. The players compete on parameters such as product portfolio, price per kg, regional presence, strategic agreements, raw material quality, research and development, product customization and more. Most of the players in the market cater to food and beverage and nutraceutical companies while some players also cater to the animal feed and beauty and personal care industry.
What is the Future outlook and Projections for Global Oleroesin Market?
In future, it is anticipated that the global oleoresin market will be fuelled by increase in demand from nutraceutical and animal feed industries, growth of packaged food industry, widened number of applications due to increasing investment in research and deveopment and increase in penetration in emerging countries as a substitute to ground spices and synthetic flavors. The global oleoresin market is expected to witness a CAGR of ~% in terms of revenue in USD million during the forecast period 2019-2025. Paprika oleoresin is expected to dominate the market in the future owing to increasing demand as a natural food colorant. It is expected that the European region will account for the maximum revenue over the forecast period due to the growth of the flavors and food manufacturing industries in the region.
Key Segments Covered:-
Black Pepper Oleoresin
Food and Beverages
Seasonings, Condiments and Flavors
Processed Meat and Packaged Food
Bakery and Confectionery
Nutraceuticals and Pharmaceuticals
Key Target Audience:-
Oleoresin Traders and Suppliers
Food and Beverage Manufacturers
Flavours and Seasoning Manufacturers
Meat and Packaged Food Manufacturers
Pharma and Nutraceutical Manufacturers
Animal Feed Manufacturers
Government Agencies and Regulatory Bodies
Time Period Captured in the Report:-
Historical Period: 2014- 2019
Forecast Period: 2020F– 2025F
Synthite Industries Private Limited
Plant Lipids Private Limited
Kancor Ingredients Limited
Akay Flavours and Aromatics
AVT Natural Products
Chenguang Biotechnology Group
Vidya Herbs Private Limited
BOS Natural Flavors Private Limited
For More Information on the research report, refer to below links:-
India Herbal Extract Market by End Users (Pharmaceuticals & Nutraceutical, Cosmetics and Food & Beverage Industries), by Extract type (Carotenoids, Aloe Vera, Ginger, Capsicum, Turmeric, Shilajit, Marigold, Shatavari and Others), Oleoresins and Essential Oil – Outlook to 2022
Ankur Gupta, Head Marketing & Communications