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Investment in R&D and Product Innovation by Oleoresins Manufacturers and Rising Adoption of Oleoresins in Emerging Countries will Drive the Oleoresin Market in Future: Ken Research

The global animal feed additive market is expected to reach approximately USD 31.3 billion by 2025. This is expected to positively impact the demand for oleoresins such as marigold and paprika. The global oleoresins market is expected to be dominated by paprika oleoresin due to the robust demand from the natural food coloring industry. The nutraceuticals and pharmaceutical industry is expected to be the fastest growing end-user application of oleoresins due to the rising awareness about their medicinal properties and increasing availability in varied forms.

Improvement in Extraction Technology: Due to stringent export regulations in most countries pertaining to permissible solvent residue limits, many oleoresin manufacturers are setting up super critical extraction plants for extracting oleoresins using carbon dioxide instead of solvents. These oleoresins, usually marketed as clean label, are being increasingly demanded in countries such as US, UK, Germany and more. The oleoresins extracted using CO2 are expected to find wider applications in nutraceuticals and beauty and personal care products, thus driving the growth of the oleoresin industry.

Increasing Penetration in Developing Countries: The demand for oleoresins is expected to augment in the South America, Asia-Pacific and Middle-East and African regions over the forecast period. Presently, the penetration of oleoresins in these regions is less as consumers still prefer to use ground spices or cheaper alternatives such as synthetic and nature-identical flavors. The rising awareness about oleoresins products and their benefits & applications is expected to propel their demand in these regions in the future.

Product Innovation and Rising Investment in Research and Development: Due to little product differentiation in the market, oleoresin producers are consistently investing in R&D to develop new variants of oleoresins and its blends according to the specific requirements of the clients in order to compete in the market. Manufacturers are also developing oleoresins in varied forms so as to cater to a larger clientele. Owing to this, oleoresins are likely to find wider applications in the future, especially within the nutraceuticals industry, thus driving the growth of the industry globally.

Analysts at Ken Research in their latest publication “Global Oleoresins Market Outlook to 2025- By Product Type (Paprika, Black Pepper, Turmeric, Capsicum, Ginger, Marigold, Onion and Others), By Application (Food & Beverages, Nutraceuticals & Pharmaceuticals, Animal Feed and Others) and By Region (US, Brazil, UK, Germany, France, India, China and Others) observed that the global market is in growth stage and will witness further growth owing to factors such as booming nutraceuticals industry, robust demand from the animal feed industry and new product  launches due to increasing investment in R&D. The Global Oleoresin Market is expected to register a positive CAGR of 5.6% in terms of revenue during the forecast period 2019-2025.

Key Segments Covered:-

By Type:

Paprika Oleoresin

Black Pepper Oleoresin

Turmeric Oleoresin

Capsicum Oleoresin

Ginger Oleoresin

Garlic Oleoresin

Marigold Oleoresin

Onion Oleoresin

Others

By Application:

Food and Beverages

Seasonings, Condiments and Flavors

Processed Meat and Packaged Food

Beverages

Bakery and Confectionery

Others

Nutraceuticals and Pharmaceuticals

Animal Feed

Others

By Region:-

US

Brazil

UK

Germany

France

India

China

Others

Key Target Audience:-

Oleoresin Producers

Oleoresin Traders and Suppliers

Spices Producers

Food and Beverage Manufacturers

Flavours and Seasoning Manufacturers

Meat and Packaged Food Manufacturers

Pharma and Nutraceutical Manufacturers

Animal Feed Manufacturers

Industry Associations

Government Agencies and Regulatory Bodies

Time Period Captured in the Report:-

Historical Period: 2014- 2019

Forecast Period: 2020F– 2025F

Companies Covered:-

Synthite Industries Private Limited

Plant Lipids Private Limited

Kancor Ingredients Limited

Akay Flavours and Aromatics

AVT Natural Products

Chenguang Biotechnology Group

Kalsec Inc.

Vidya Herbs Private Limited

BOS Natural Flavors Private Limited

Key Topics Covered in the Report:-

Global Oleoresin Market Value Chain Analysis

Global Oleoresin Market Overview

Global Oleoresin Market Size

Global Oleoresin Market Segmentation

Country Profiles in Global Oleoresin Market

Government Role and Regulations in Global Oleoresin Market

Trends and Developments in Global Oleoresin Market

Issues and Challenges in Global Oleoresin Market

Competitive Landscape in Global Oleoresin Market

Strength and Weakness of Major Players in Global Oleoresin Market

End User Potential in Global Oleoresin Market

Porter’s Five Forces Analysis Global Oleoresin Market

Trade Scenario Global Oleoresin Market

Global Oleoresin Market Future Projections, 2019-2025F

Analyst Recommendations

For More Information on the research report, refer to below links:-

Global Oleoresins Market

Related Reports:-

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

India Flavor and Fragrance Industry Outlook to 2020 – Driven by Demand of Personal Grooming Products and Growth of Food Additives Market

The US Flavors And Fragrances Market Outlook To 2016 – Ageing Population And Consumer Tendency Towards Natural And Healthy Products Driving The Maturing Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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