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Global Oleoresin Market: By Product: Paprika, Black Pepper, Capsicum, Turmeric, Garlic, Onion, Others; By Application: Food and Beverages, Flavours, Pharmaceuticals, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Oleoresin Market Outlook

The oleoresin market attained a value of nearly USD 1.3 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 5% to reach approximately USD 1.7 billion by 2026.

 

Global Oleoresin Market

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Robust Growth of the Food and Beverage Industry Boosting the Growth of Oleoresin Industry

The robust growth of the food and beverage industry is aiding the market growth for oleoresin. 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 industry, further fuelling the market growth. 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 industry is lubricating the oleoresin industry. Also, the surging popularity of health supplements for physical and emotional wellbeing is aiding the market growth.

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 uses oleoresins such as turmeric oleoresin extensively, is aiding the market growth for oleoresin. Moreover, the rising demand for natural flavouring agent owing to the increasing consumption of confectioneries, baked products, and processed meat and the advent of quick service restaurants in emerging economies is further fuelling the market growth. Furthermore, the growing demand for oleoresin in various end-use industries, including food and beverage, pharmaceutical, cosmetic, and personal care, among others, is positively impacting the growth of the oleoresin industry.

 

Oleoresin: Industry Definition and Segmentation

Oleoresins are highly concentrated substances in liquid form which are extracted from various vegetables, plants, seeds, nuts, and spices, among others. It is a natural or artificial amalgamation of essential oils and resins, which are used as both natural flavouring and colouring agents. Oleoresins can induce authentic texture, colour, aroma, and taste of the spices and are extensively used in processed foods.

 

Global Oleoresin Market Application

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The major products of oleoresin are:

  • Paprika
  • Black Pepper
  • Capsicum
  • Turmeric
  • Garlic
  • Onion
  • Others

Based on the applications, the market is divided into:

  • Food and Beverages
  • Flavours
  • Pharmaceuticals
  • Others

The EMR report looks into the regional markets of oleoresin like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Oleoresin Market By Region

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Surging Health Consciousness to Bolster the Growth of Oleoresin Industry

The increasing consumer awareness and health consciousness are augmenting the market growth. The growing health concerns among the masses in the wake of COVID-19 and the rising demand for products like health supplements, immunity boosters, and other health-related medicines are further boosting the market for oleoresin. In addition, the rising demand for clean label products is increasing the use of oleoresin, hence invigorating the growth of the industry. Moreover, the rising use of phytomedicines and herbal extracts containing oleoresin due to their various health benefits and immunity-boosting properties is providing further impetus to the market growth.

As oleoresin can not only enhance the flavour but also increase the shelf life of a product, it is increasingly preferred to manufacture sauces, mayonnaise, and pickles, among others, which is consequently lubricating the industry growth. Furthermore, the increasing trend of inculcating natural flavours in various processed food due to rising awareness of the ill-effects of synthetic flavours is aiding the market growth. Additionally, the surging use of oleoresin in the healthcare sector to treat various skin related diseases is expected to aid the market growth in the forecast period.

 

Key Industry Players in the Global Oleoresin Market

The report presents a detailed analysis of the following key players in the global oleoresin market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Universal Oleoresins
  • Trilogy Essential Ingredients, Inc.
  • Paprika Oleo's (India) Ltd.
  • Jean Gazignaire S.A.S.
  • PT. Indesso Aroma
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region
Breakup by Product Paprika, Black Pepper, Capsicum, Turmeric, Garlic, Onion, Others
Breakup by Application Food and Beverages, Flavours, Pharmaceuticals, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Universal Oleoresins, Trilogy Essential Ingredients, Inc., Paprika Oleo's (India) Ltd., Jean Gazignaire S.A.S., PT. Indesso Aroma, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Oleoresin Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Oleoresin Historical Market (2016-2020) 
    8.3    Global Oleoresin Market Forecast (2021-2026)
    8.4    Global Oleoresin Market by Product
        8.4.1    Paprika
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Black Pepper
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Capsicum
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Turmeric
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Garlic
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
        8.4.6    Onion
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2016-2020)
            8.4.6.3    Forecast Trend (2021-2026)
        8.4.7    Others
    8.5    Global Oleoresin Market by Application
        8.5.1    Food and Beverages
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Flavours
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Pharmaceuticals
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others
    8.6    Global Oleoresin Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis

    12.1    Major Importing Countries
        12.1.1    By Volume
        12.1.2    By Value
    12.2    Major Exporting Countries
        12.2.1    By Volume
        12.2.2    By Value
13    Price Analysis
    13.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Universal Oleoresins
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Trilogy Essential Ingredients, Inc.
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Paprika Oleo's (India) Ltd.
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Jean Gazignaire S.A.S.
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    PT. Indesso Aroma
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Others
15    Industry Events and Developments


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Figures and Tables

1.    Global Oleoresin Market: Key Industry Highlights, 2016 and 2026
2.    Global Oleoresin Historical Market: Breakup by Product (USD Billion), 2016-2020
3.    Global Oleoresin Market Forecast: Breakup by Product (USD Billion), 2021-2026
4.    Global Oleoresin Historical Market: Breakup by Application (USD Billion), 2016-2020
5.    Global Oleoresin Market Forecast: Breakup by Application (USD Billion), 2021-2026
6.    Global Oleoresin Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Oleoresin Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America Oleoresin Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    North America Oleoresin Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Europe Oleoresin Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Europe Oleoresin Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Asia Pacific Oleoresin Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Asia Pacific Oleoresin Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Latin America Oleoresin Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Latin America Oleoresin Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Middle East and Africa Oleoresin Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Middle East and Africa Oleoresin Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Major Exporting Countries by Value
19.    Major Importing Countries by Value
20.    Major Exporting Countries by Volume
21.    Major Importing Countries by Volume
22.    North America Historical Price Trends and Forecast (2016-2026)
23.    Europe Historical Price Trends and Forecast (2016-2026)
24.    Asia Pacific Historical Price Trends and Forecast (2016-2026)
25.    Latin America Historical Price Trends and Forecast (2016-2026)
26.    Middle East and Africa Historical Price Trends and Forecast (2016-2026)
27.    Global Oleoresin Market Structure

Key Questions Answered in the Report

In 2020, the global oleoresin market attained a value of nearly USD 1.3 billion.

The market is projected to grow at a CAGR of 5% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach approximately USD 1.7 billion by 2026.

The industry 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 market is being driven by trends such as escalating health consciousness, rising demand for immunity boosters due to the coronavirus pandemic, and the use of oleoresin in the healthcare sector to treat various skin-related diseases.

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

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

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

The major players in the industry are Universal Oleoresins, Trilogy Essential Ingredients, Inc., Paprika Oleo's (India) Ltd., Jean Gazignaire S.A.S., and PT. Indesso Aroma, among others.

Analyst Review

The global oleoresin market attained a value of nearly USD 1.3 billion in 2020, driven by the increasing demand for exotic flavours in the food and beverage industry. Aided by the rising health consciousness and consumer awareness, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 5%. The market is projected to reach approximately USD 1.7 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the oleoresin industry can be segmented into paprika, black pepper, capsicum, turmeric, garlic, and onion, among others. On the basis of application, the industry is divided into food and beverages, flavours, and pharmaceuticals, among others.  The major regional markets for oleoresin are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Universal Oleoresins, Trilogy Essential Ingredients, Inc., Paprika Oleo's (India) Ltd., Jean Gazignaire S.A.S., and PT. Indesso Aroma, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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