“Rising importance of natural and organic products over
synthetic and nature-identical flavors and the booming demand from the Pharma
& Nutraceuticals industry and Animal Feed industry is driving the demand
for oleoresins across the globe.”
Shifting Consumer Preferences: As consumers are increasingly becoming health conscious,
there is a rising shift towards natural and organic products across the globe. A
large number of processed meat and packaged foods manufacturers are shifting
towards using oleoresins as a substitute to ground spices due to hygiene and
food safety concerns. Food manufacturers are also moving away from synthetic
flavors and nature-identical colors and are using oleoresins instead. This
shift has played an important role in propelling the growth of the oleoresin
industry in the past few years.
Robust Demand from Flavors and Seasonings Manufacturers: The flavor and fragrance houses in US and Europe including
Givaudan, Firmenich, Mane SA, Symrise, IFF and more are the major users of
oleoresins across of the globe. Oleoresins such as paprika, capsicum, black
pepper, ginger, garlic, jalapeno, oregano, rosemary, thyme and more are largely
demanded for the manufacturing of seasonings and condiments including sauces,
dips, spice mixes and more. Owing to this, the oleoresin industry has witnessed
significant growth over the review period.
Rising Demand from Nutraceutical and Animal Feed Industries: Due to the active ingredients present in oleoresins such as
black pepper, turmeric and more, there has been rising demand for oleoresins by
the nutraceuticals and pharmaceutical industry. Oleoresins have medicinal
properties such as anti-inflammation, anti-diabetic, anti-depressant, detoxification,
pain-relief, anti-fungal and many more properties, which have stimulated their
usage in the nutraceuticals industry. The rising demand for oleoresins such as
marigold and paprika by the animal feed industry has also positively impacted
the market. These oleoresins are used as growth stimulators and also help in
imparting bright yellow color to egg yolks in the poultry industry.
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
For more information on the research report, refer to below
links:-
Related
Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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