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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Oleoresin Market Analysis by Region
The demand for oleoresins in Europe is influenced by several factors, including the region's focus on natural and clean-label products. European consumers are increasingly seeking natural and clean-label products, both in food and pharmaceuticals. Oleoresins, being natural extracts of spices and herbs, fit well into this trend, offering flavour, colour, and health benefits without the need for synthetic additives. Europe's diverse culinary traditions drive the demand for a variety of flavours and spices and oleoresins are used extensively in the food sector as flavouring agents and colourants in a wide range of products, including processed foods, sauces, seasonings, and snacks.
The oleoresin market in Asia Pacific is expected to witness significant growth in the forecast period. The Asia Pacific region has a vast and diverse food sector where oleoresins are widely used as flavouring agents, colourants, and preservatives. Countries like India, China, Thailand, and Indonesia are known for their rich culinary traditions, where spices play a central role. Oleoresins derived from these spices are in high demand for their ability to provide consistent flavour and colour to food products.
Oleoresin Market Report Snapshots
Oleoresin Market Regional Analysis
*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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