The global oleoresins market was valued at USD 1.1 billion in 2018 and is expected to reach USD 2.4 billion in 2026, growing at a CAGR of 9.1% during the forecast period.
Oleoresins ability to impart exotic flavors and superior solubility characteristics, oleoresins are commonly used in food & beverage as well as in the personal care products industry. The product is the best alternative for whole ingredients and has several uses, such as preparations for jellies and jams, milk, butter, pickles, and meat preparations as a coloring agent, frozen food, dessert, and others.
Oleoresins Market Segmentation |
|
| By Product Type | 1. Paprika |
| 2. Capsicum | |
| 3. Turmeric | |
| 4. Ginger | |
| 5. Others | |
| By Application | 1. Food & Beverages |
| 2. Pharmaceuticals & Nutraceuticals | |
| 3. Personal Care Products | |
| 4. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Argentina and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
Increasing consumption of processed meat, chocolate, and baked food products is likely to increase demand for oleoresin as a food flavoring agent. Demand for food additives and a growing number of multi-cooking restaurants around the globe will also fuel consumer consumption over the period projected. Also, increasing demand from the food & beverage industry, the pharmaceutical industry, and others for exotic food flavors and efficient natural coloring agents contribute positively to the growth of the oleoresin market.
By source segment, the paprika oleoresin segment dominates the Oleoresins market accounting 40% market share.
Based on the source, the global oleoresins market has been segmented into paprika, turmeric, herbs, ginger, and others. Due to the increased use of paprika oleoresin as a coloring and flavoring agent in the processed food industry, which is experiencing continuous growth across the globe, Paprika product segment is expected to experience crucial growth over the forecast period. It is commonly used in dried emulsified foods, sweets, sauces, mixtures of spices, orange juice, and cheese. Europe is one of the largest paprika oleoresin markets.
Based on application, the food & beverages segment grows at the fastest rate of CAGR at 11% during the forecast period
Based on the application, the oleoresins market has been segmented into food & beverages, pharmaceutical & nutraceutical, personal care products, and other application. Due to changing consumer preferences, rising demand for specialty food ingredients as well as organic food ingredients is expected to increase oleoresins production. The use of oleoresins in the manufacture of baked food products and processed food is expected to further support the growth of the segment during the forecast years due to their increased consumption worldwide.
North American region to dominate the Oleoresins market throughout the forecast period
North America accounted for nearly 44% share of the global oleoresins market in 2018 and is expected to dominate the market throughout the forecast period. This is attributed to this region's high consumption of processed food, which inadvertently leads to increased demand for oleoresins. Oleoresins such as paprika, black pepper and ginger are widely used in the food & beverage sector as coloring and flavoring agents. In Europe, various end-use industries, such as personal care & cosmetics, perfumery and pharmaceutical, incorporate oleoresins extensively into their products. Austria, the United Kingdom, Germany, Belgium and Spain are some of Europe's major importers.
Company Profiles and Competitive Intelligence in Oleoresins Market Report are:
The major players operating in the global oleoresins market are Akay Group (India), Synthite Industries Pvt. Ltd. (India), AVT Naturals (India), Givaudan (Switzerland), PT Indesso Aroma (Indonesia), Vidya Herbs Private Limited (India), Ungerer & Company (US), Kancor Ingredients Ltd. (India), Plant Lipids (India), Kalsec Inc.(US), Gazignaire (France), and Universal Oleoresins (India).
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Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Oleoresins Market, 2016-2026, (USD Billion)
1.2. Market Snapshot: Global Oleoresins Market
1.3. Market Dynamics
1.4. Global Oleoresins Market, by Segment, 2018
1.4.1. Global Oleoresins Market, by Product Type, 2018, (USD Billion)
1.4.2. Global Oleoresins Market, by Application, 2018, (USD Billion)
1.4.3. Global Oleoresins Market, by Region, 2018 (USD Billion)
1.5. Premium Insights
1.5.1. Oleoresins Market in Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Oleoresins Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Increase Demand in Food Industries
2.2.2. Increase in the Presence of Modern Retail Outlets
2.3. Market Restraints
2.3.1. Price fluctuation of raw materials
2.3.2. Limited standardization
2.4. Market Opportunities
2.4.1. Increase in Demand for Feed Phytogenics
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Oleoresins Market, by Product Type
3.1. Market Overview, by Product Type
3.1.1. Global Oleoresins Market, by Product Type, 2016-2026 (USD Billion)
3.1.2. Incremental Opportunity, by Product Type, 2018
3.2. Paprika
3.2.1. Global Oleoresins Market, by Paprika, 2016-2026, (USD Billion)
3.3. Capsicum
3.3.1. Global Oleoresins Market, by Capsicum, 2016-2026, (USD Billion)
3.4. Turmeric
3.4.1. Global Oleoresins Market, by Turmeric, 2016-2026, (USD Billion)
3.5. Ginger
3.5.1. Global Oleoresins Market, by Ginger, 2016-2026, (USD Billion)
3.6. Others
3.6.1. Global Oleoresins Market, by Others, 2016-2026, (USD Billion)
Chapter 4 Global Oleoresins Market, by Application
4.1. Market Overview, by Application
4.1.1. Global Oleoresins Market, by Application, 2016-2026 (USD Billion)
4.1.2. Incremental Opportunity, by Application, 2018
4.2. Food & Beverages
4.2.1. Global Oleoresins Market, by Food & Beverages, 2016-2026, (USD Billion)
4.3. Pharmaceuticals & Nutraceuticals
4.3.1. Global Oleoresins Market, by Pharmaceuticals & Nutraceuticals, 2016-2026, (USD Billion)
4.4. Personal Care Products
4.4.1. Global Oleoresins Market, by Personal Care Products, 2016-2026, (USD Billion)
4.5. Other Products
4.5.1. Global Oleoresins Market, by Other Products, 2016-2026, (USD Billion)
Chapter 5 Global Oleoresins Market, by Region
5.1. Market Overview, by Region
5.1.1. Global Oleoresins Market, by Region, 2016-2026, (USD Billion)
5.2. Attractive Investment Opportunity, by Region, 2018
5.3. North America Oleoresins Market
5.3.1. North America Oleoresins Market, by Product Type, 2016-2026 (USD Billion)
5.3.2. North America Oleoresins Market, by Application, 2016-2026 (USD Billion)
5.3.3. United States Oleoresins Market, 2016-2026 (USD Billion)
5.3.4. Canada Oleoresins Market, 2016-2026 (USD Billion)
5.4. Europe Oleoresins Market
5.4.1. Europe Oleoresins Market, by Product Type, 2016-2026 (USD Billion)
5.4.2. Europe Oleoresins Market, by Application, 2016-2026 (USD Billion)
5.4.3. United Kingdom Oleoresins Market, 2016-2026 (USD Billion)
5.4.4. Germany Oleoresins Market, 2016-2026 (USD Billion)
5.4.5. France Oleoresins Market, 2016-2026 (USD Billion)
5.4.6. Rest of Europe Oleoresins Market, 2016-2026 (USD Billion)
5.5. Asia Pacific Oleoresins Market
5.5.1. Asia Pacific Oleoresins Market, by Product Type, 2016-2026 (USD Billion)
5.5.2. Asia Pacific Oleoresins Market, by Application, 2016-2026 (USD Billion)
5.5.3. China Oleoresins Market, 2016-2026 (USD Billion)
5.5.4. Japan Oleoresins Market, 2016-2026 (USD Billion)
5.5.5. India Oleoresins Market, 2016-2026 (USD Billion)
5.5.6. Rest of Asia Pacific Oleoresins Market, 2016-2026 (USD Billion)
5.6. Latin America Oleoresins Market
5.6.1. Latin America Oleoresins Market, by Product Type, 2016-2026 (USD Billion)
5.6.2. Latin America Oleoresins Market, by Application, 2016-2026 (USD Billion)
5.6.3. Brazil Oleoresins Market, 2016-2026 (USD Billion)
5.6.4. Mexico Oleoresins Market, 2016-2026 (USD Billion)
5.6.5. Rest of Latin America Oleoresins Market, 2016-2026 (USD Billion)
5.7. Middle East & Africa Oleoresins Market
5.7.1. Middle East & Africa Oleoresins Market, by Product Type, 2016-2026 (USD Billion)
5.7.2. Middle East & Africa Oleoresins Market, by Application, 2016-2026 (USD Billion)
5.7.3. GCC Oleoresins Market, 2016-2026 (USD Billion)
5.7.4. Rest of Middle East & Africa Oleoresins Market, 2016-2026 (USD Billion)
Chapter 6 Competitive Intelligence
6.1. Top 5 Players Comparison
6.2. Market Positioning of Key Players, 2018
6.3. Market Players Mapping
6.3.1. By Product Type
6.3.2. By Application
6.3.3. By Region
6.4. Strategies Adopted by Key Market Players
6.5. Recent Developments in the Market
6.5.1. Mergers & Acquisitions, Partnership, New Product Developments
Chapter 7 Company Profiles
7.1. AKAY GROUP LTD
7.1.1. AKAY GROUP LTD Overview
7.1.2. AKAY GROUP LTD Product Portfolio
7.1.3. AKAY GROUP LTD Financial Overview
7.1.4. AKAY GROUP LTD News/Recent Developments
7.2. Synthite Industries Private Ltd
7.2.1. Synthite Industries Private Ltd Overview
7.2.2. Synthite Industries Private Ltd Product Portfolio
7.2.3. Synthite Industries Private Ltd Financial Overview
7.2.4. Synthite Industries Private Ltd News/Recent Developments
7.3. AVT NATURALS
7.3.1. AVT NATURALS Overview
7.3.2. AVT NATURALS Product Portfolio
7.3.3. AVT NATURALS Financial Overview
7.3.4. AVT NATURALS News/Recent Developments
7.4. Givaudan
7.4.1. Givaudan Overview
7.4.2. Givaudan Product Portfolio
7.4.3. Givaudan Financial Overview
7.4.4. Givaudan News/Recent Developments
7.5. Pt. Indesso Aroma
7.5.1. Pt. Indesso Aroma Overview
7.5.2. Pt. Indesso Aroma Product Portfolio
7.5.3. Pt. Indesso Aroma Financial Overview
7.5.4. Pt. Indesso Aroma News/Recent Developments
7.6. Vidya Herbs Private Limited
7.6.1. Vidya Herbs Private Limited Overview
7.6.2. Vidya Herbs Private Limited Product Portfolio
7.6.3. Vidya Herbs Private Limited Financial Overview
7.6.4. Vidya Herbs Private Limited News/Recent Developments
7.7. Ungerer & Company
7.7.1. Ungerer & Company Overview
7.7.2. Ungerer & Company Product Portfolio
7.7.3. Ungerer & Company Financial Overview
7.7.4. Ungerer & Company News/Recent Developments
7.8. Kancor Ingredients Limited
7.8.1. Kancor Ingredients Limited Overview
7.8.2. Kancor Ingredients Limited Product Portfolio
7.8.3. Kancor Ingredients Limited Financial Overview
7.8.4. Kancor Ingredients Limited News/Recent Developments
7.9. Plant Lipids
7.9.1. Plant Lipids Overview
7.9.2. Plant Lipids Product Portfolio
7.9.3. Plant Lipids Financial Overview
7.9.4. Plant Lipids News/Recent Developments
7.10. Kalsec Inc.
7.10.1. Kalsec Inc. Overview
7.10.2. Kalsec Inc. Product Portfolio
7.10.3. Kalsec Inc. Financial Overview
7.10.4. Kalsec Inc. News/Recent Developments
Chapter 8 Preface
8.1. Data Triangulation
8.2. Research Methodology
8.2.1. Phase I – Secondary Research
8.2.2. Phase II – Primary Research
8.2.3. Phase III – Expert Panel Review
8.2.4. Approach Adopted
8.2.4.1. Top-Down Approach
8.2.4.2. Bottom-Up Approach
8.2.5. Supply- Demand side
8.2.6. Breakup of the Primary Profiles
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