The
global animal feed additive market is expected to reach approximately USD 31.3
billion by 2025. This is expected to positively impact the demand for oleoresins
such as marigold and paprika. The global oleoresins market is expected to be
dominated by paprika oleoresin due to the robust demand from the natural food
coloring industry. The nutraceuticals and pharmaceutical industry is expected
to be the fastest growing end-user application of oleoresins due to the rising
awareness about their medicinal properties and increasing availability in
varied forms.
Improvement in Extraction Technology: Due to stringent export regulations in most countries
pertaining to permissible solvent residue limits, many oleoresin manufacturers
are setting up super critical extraction plants for extracting oleoresins using
carbon dioxide instead of solvents. These oleoresins, usually marketed as clean
label, are being increasingly demanded in countries such as US, UK, Germany and
more. The oleoresins extracted using CO2 are expected to find wider
applications in nutraceuticals and beauty and personal care products, thus
driving the growth of the oleoresin industry.
Increasing Penetration in Developing Countries: The demand for oleoresins is expected to augment in the South
America, Asia-Pacific and Middle-East and African regions over the forecast
period. Presently, the penetration of oleoresins in these regions is less as
consumers still prefer to use ground spices or cheaper alternatives such as
synthetic and nature-identical flavors. The rising awareness about oleoresins
products and their benefits & applications is expected to propel their
demand in these regions in the future.
Product Innovation and Rising Investment in Research and
Development: Due to little product
differentiation in the market, oleoresin producers are consistently investing
in R&D to develop new variants of oleoresins and its blends according to
the specific requirements of the clients in order to compete in the market. Manufacturers
are also developing oleoresins in varied forms so as to cater to a larger
clientele. Owing to this, oleoresins are likely to find wider applications in
the future, especially within the nutraceuticals industry, thus driving the
growth of the industry globally.
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
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:-
Related
Reports:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
