How is the Global Oleoresin
Market Positioned?
The Global
oleoresin market is currently at growth stage. The increasing shift
in consumer preferences towards natural and organic products has stimulated the
demand for oleoresins across the globe. Since oleoresins help in standardizing
flavor, aroma and color in food items, their demand has grown considerabely
over the review period. The market still faces competition from synthetic
colors and nature-identical flavors as they are relatively cheaper to
oleoresins.
Majority of the oleoresin production in the world is concentrated in
India, China, Indonesia, US and more due to the abundance of raw material owing
to suitable climatic conditions. Other countries usually import the final
product or crude oleoresins which are further processed. The availability of
oleoresins in varied forms such as oil soluble, water soluble and oil &
water soluble have widened their end-user applications.
The rising demand from the food and beverage sector, particulary the
flavors and seasonings manufacturers, has been the key factor influencing the
growth of the market over the period 2014-2019. The global flavors consumption
reached ~tons in 2019,
which has positively impacted the growth of the market. The global
oleoresin market has grown from USD ~ million in 2014 to USD ~ million in 2019, witnessing a
positive CAGR of ~%. Increasing demand from the nutraceutical and
pharmaceutical as well as the animal feed industry has also propelled the
growth of the market.
The market faces price fluctuations during times of low crop yield and
insufficient rain due to its dependence on agri-based raw materials. Export of
oleoresins is also subject to stringent regulations pertaining to quality of
raw material and permissible limit of pesticides and solvent residue.
How is Global Oleoresin market
Segmented?
By Type (Paprika, Black Pepper,
Turmeric, Capsicum, Ginger, Garlic, Marigold, Onion and Others):-
Paprika oleorein dominated
the global oleoresin market in 2019, with a revenue share of ~%, due to huge
demand as a natural food colorant as well as the animal feed industry. Black
pepper oleoresin accounted for the second highest revenue share owing to rising
consumption by the processed meat, seasonings and nutraceutical industry.
Capsicum, ginger, garlic and onion oleoresins are being increasingly demanded
by the flavors as well as packaged food industry. Marigold oleoresin grew at a
CAGR of ~% over the period 2014-2019, owing to increasing demand by the animal
feed industry for improving the color of egg yolk and also the nutraceutical
industry, particularly for eye-care product segment.
By Application (Food &
Beverage, Nutraceuticals & Pharmaceuticals, Animal Feed and Others):-
The Food & Beverage
sector was analysed to be the largest end-user application of oleoresins to
impart flavor, aroma and color, accounting ~% revenue share in 2019.
By Food & Beverage
Application (Seasonings, Condiments & Flavors, Processed Meat &
Packaged Food, Beverages, Bakery & Confectionery and and Others):-
Out of the applications within the food and beverage industry,
seasonings, condiments and flavors dominated the market with a revenue share of
~% in 2019. Processed
meat and packaged food also contributed significant revenue to the industry
with a share of ~% in
2019. The demand for oleoresins by the beverages, bakery & confectionery
and the dairy industry has also grown considerably over the review period
2014-2019.
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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