Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Oleoresin Market Share

Paprika oleoresin maintains its dominance in the market due to its wide usage as a natural colouring agent in the food sector

Paprika oleoresin holds the highest share in the oleoresin market. In the food sector, paprika oleoresin is primarily used as a colouring agent. It provides a range of colours from bright orange to deep red, making it a popular choice for colouring meats, sausages, processed foods, snacks, and seasonings. It contains various antioxidants, such as carotenoids and capsaicinoids, which are beneficial for health. These antioxidants help fight free radicals in the body, reducing the risk of chronic diseases and promoting overall health. Due to these properties, paprika oleoresin is also used in cosmetic formulations for skincare products, where it can help protect the skin from oxidative stress and enhance its appearance.

 

Black pepper oleoresin market is anticipated to grow at a robust rate in the coming years. Black pepper oleoresin is highly valued for its distinctive pungent and spicy flavour, making it a popular ingredient in the food sector.  It is used as a flavouring agent in a wide range of products, including processed meats, sauces, marinades, soups, and snacks. The oleoresin provides a consistent flavour profile and is easier to handle and store compared to whole or ground black pepper.

 

The food and beverage sector accounts for a major share as oleoresin is widely used to enhance the flavour and appearance of food products

The food and beverage sector occupies a substantial market share. As oleoresin provides the same flavour, aroma, and texture as the original spice while having a longer shelf life, it is increasingly used in the food and beverage sector. The increasing preference for oleoresins due to their economic feasibility, easier quality control, non-volatility, and the requirement of lesser storage spaces by the food and beverages sector is fuelling the segment's growth. The surging popularity of health supplements for physical and emotional well-being and the rising popularity of ethnic foods with authentic flavours in countries like the United Kingdom, Germany, France, Italy, Spain, and the United States, among others, which use oleoresins such as turmeric oleoresin extensively, is aiding the market growth.

 

The pharmaceutical sector is anticipated to witness sizeable growth in the oleoresin market in the coming years due to the various medicinal and therapeutic properties of oleoresins. There is a growing trend towards natural and plant-based ingredients in the pharmaceutical sector. Oleoresins provide a natural alternative to synthetic chemicals and additives, aligning with consumer preferences for cleaner and safer products.

 

Oleoresin Market Report Snapshots

Oleoresin Market Size

Oleoresin Market Share

Oleoresin Market Growth

Oleoresin Market Trends

Oleoresin Market Regional Analysis

Oleoresin Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global oleoresin market attained a value of nearly USD 1.89 billion.

The market is projected to grow at a CAGR of 5.70% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach approximately USD 2.62 billion by 2032.

The market is being aided by the increasing use of oleoresin in the food and beverages industry and the rising demand for ethnic foods in various western countries.

The key trends guiding the market include growing health consciousness, rising demand for immunity-boosting products, and the surging use of oleoresin in the healthcare sector to treat various skin-related diseases.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major products of oleoresin in the market are paprika, black pepper, capsicum, turmeric, garlic, and onion, among others.

The significant applications of the product are food and beverages and pharmaceuticals, among others.

The major players in the market are Universal Oleoresins, Trilogy Essential Ingredients, Inc., Paprika Oleo's (India) Ltd., S.A.S. Jean GAZIGNAIRE, Indesso, and Synthite Industries Private Limited, among others.

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