The
report titled 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)” provides a
comprehensive analysis of the oleoresin market across all regions. The report
also covers the overview and genesis of the industry, overall market size in
terms of revenue, segmentation on the basis of oleoresins types, major applications
and demand regions, country profiles, trends and developments, issues and
challenges, government regulations, value chain analysis, porter’s five forces
analysis, competitive scenario and company profiles of major players in the industry. The report concludes with future market
projection and analyst recommendations highlighting the major opportunities and
cautions for new and existing players in the market.
Global Oleoresin Market Overview and Size
The
global oleoresin market grew at a positive growth rate over the review period 2014-2019.
The market growth was supported by increase in demand for oleoresins by the
food and beverage sector, particulary the seasonings and flavors manufacturers
and the packaged food industry. The demand for oleoresins by the nutraceutical
as well as the pharmaceutical industry over the review period has also driven
the growth of the market. The market will continue to witness growth in the
coming years with increasing adoption from other industries.
Global Oleoresin Market Segmentation
By Type: Out of
the different types of oleoresins offered in the global market, paprika
oleoresin dominated the market in 2019, due to the robust demand by the natural
food colorant as well as flavors industry. Black Pepper, Turmeric and Capsicum
were found to be other major types contributing the maximum revenue to the
industry globally. Out of the different applications within the food and
beverage sector, the seasonings, condiments and flavors industry accounted for
the highest consumption of oleoresins across the globe.
By Application: The
food and beverage sector accounted for majority of the revenue contribution to
the oleoresin industry globally over the review period as oleoresins help in standardizing
flavor, color and aroma in the products as compared to ground spices. The
nutraceutical and pharmaceutical industry also contributed significant revenue
to the industry owing to the medicinal properties and active ingredients
present in oleoresins.
By Region: In 2019,
the European region dominated the global oleoresin market, consuming the largest
amount of oleoresins, on the basis of revenue, due to the presence of large
number of flavor and fragrances companies in the region. North America also
accounted for significantly large revenue share in the market owing to the huge
demand from the processed meat and packaged food industry in the region. Within
the APAC region, China, Indonesia, India and South Korea are the largest concumers
of oleoresins. The penetration of oleoresins within the the South American and
Middle-East and African regions is low as consumers still prefer ground spices.
Competitive Landscape
The
competition within the global oleoresin is moderately concentrated within the
players, with most of the major manufacturers being concentrated in India and
China. Although most players have extraction facilities in India, they are gradually
expanding their production facilities in other countries such as China, Sri
Lanka and Indonesia, Vietnam etc owing to availability of better raw material. The
competitive rivalry between the players is high due to negligible product
differentiation. Oleoresin producers compete on the basis of parameters such as
product portfolio, regional presence, prices, strategic agreements, research
and development and more. Most of the players supply oleoresins to food and
beverage and nutraceutical industries while some of the players also cater to
animal feed and beauty and personal care products manufacturers and others.
Global Oleoresin Market Future Outlook &
Projections
The
global oleoresin market is expected to witness positive growth rate over the
forecast period. Rapid growth of the packaged and processed food as well as the
nutraceutical industries is expected to be the key factor driving the growth of
the oleoresin industry. Rising demand from developing countries as a substitute
to ground spices and synthetic flavors is also expected to positively impact
the market over the forecast period. Improvement in extraction technology as
well as rising investment in research and development for developing new
oleoresin products and its blends for meeting specific requirement of the
clients is further expected to propel the growth of the industry. The demand
for other oleoresins such as clove, cumin, cardamom, celery, rosemary, nutmeg,
mace and more is also expected to augment the industry growth in the coming
years.
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
Key Topics Covered in the Report:-
Global
Oleoresin Market Value Chain Analysis
Global
Oleoresin Market Overview
Global
Oleoresin Market Size
Global
Oleoresin Market Segmentation
Country
Profiles in Global Oleoresin Market
Government
Role and Regulations in Global Oleoresin Market
Trends
and Developments in Global Oleoresin Market
Issues
and Challenges in Global Oleoresin Market
Competitive
Landscape in Global Oleoresin Market
Strength
and Weakness of Major Players in Global Oleoresin Market
End
User Potential in Global Oleoresin Market
Porter’s
Five Forces Analysis Global Oleoresin Market
Trade
Scenario Global Oleoresin Market
Global
Oleoresin Market Future Projections, 2019-2025F
Analyst
Recommendations
For more information on the research report, refer to below
links:-
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