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Global Oleoresin Market Size, Share, Analysis, Demand: By Product: Paprika, Black Pepper, Capsicum, Turmeric, Garlic, Onion, Others; By Application: Food and Beverages, Pharmaceuticals, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Oleoresin Market Outlook
The oleoresin market attained a value of nearly USD 1.89 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.70% to reach approximately USD 2.62 billion by 2032.
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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 Market 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.
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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
- 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.
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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.
- S.A.S. Jean GAZIGNAIRE
- Indesso
- Synthite Industries Private Limited
- 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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Oleoresin Market Analysis
8.1 Key Industry Highlights
8.2 Global Oleoresin Historical Market (2018-2023)
8.3 Global Oleoresin Market Forecast (2024-2032)
8.4 Global Oleoresin Market by Product
8.4.1 Paprika
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Black Pepper
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Capsicum
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Turmeric
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Garlic
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Onion
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Global Oleoresin Market by Application
8.5.1 Food and Beverages
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Pharmaceuticals
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Oleoresin Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Oleoresin Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Oleoresin Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Oleoresin Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Oleoresin Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Oleoresin Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Universal Oleoresins
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Trilogy Essential Ingredients, Inc.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Paprika Oleo's (India) Ltd.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 S.A.S. Jean GAZIGNAIRE
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Indesso
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Synthite Industries Private Limited
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Others
19 Key Trends and Developments in the Market
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 Key Figures and Tables
1. Global Oleoresin Market: Key Industry Highlights, 2018 and 2032
2. Global Oleoresin Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Oleoresin Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Oleoresin Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Oleoresin Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Oleoresin Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Oleoresin Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Oleoresin Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Oleoresin Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Oleoresin Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Oleoresin Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Oleoresin Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Oleoresin Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Oleoresin Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Oleoresin Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Oleoresin Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Oleoresin Market Forecast: Breakup by Country (USD Million), 2024-2032
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 (2018-2032)
23. Europe Historical Price Trends and Forecast (2018-2032)
24. Asia Pacific Historical Price Trends and Forecast (2018-2032)
25. Latin America Historical Price Trends and Forecast (2018-2032)
26. Middle East and Africa Historical Price Trends and Forecast (2018-2032)
27. Global Oleoresin Market Structure
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 market players include Universal Oleoresins, Trilogy Essential Ingredients, Inc., Paprika Oleo's (India) Ltd., S.A.S. Jean GAZIGNAIRE, Indesso, and Synthite Industries Private Limited, among others.
Analyst Review
The global oleoresin market attained a value of nearly USD 1.89 billion in 2023, 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 2024-2032, growing at a CAGR of 5.70%. The market is projected to reach approximately USD 2.62 billion by 2032.
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, 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., S.A.S. Jean GAZIGNAIRE, Indesso, and Synthite Industries Private Limited 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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