Global Oleoresin Market Segments 2024, Forecast To 2033

5 Mar, 2024

The oleoresin market has demonstrated strong growth, increasing from $1.53 billion in 2023 to $1.63 billion in 2024, with a 6.1% CAGR. Historical growth is attributed to the food and beverage industry's expansion, preference for natural ingredients, increased use in seasonings and spices, pharmaceutical industry demand, and cosmetic industry expansion. Expecting strong growth, the market is projected to reach $2.05 billion in 2028, with a 5.9% CAGR. Noteworthy trends include technological integration in agriculture, biotechnological advancements, extraction method technological advances, flavor innovation in the beverage industry, and the clean label movement.

Global Oleoresin Market Key Driver

The oleoresin market rises with the surge in fast food demand, evident in the UK's 9% growth in the fast-food market in 2022. Increased fast-food consumption drives the demand for oleoresin, contributing to market growth.

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Global Oleoresin Market Segments

The oleoresin market covered in this report is segmented –
1) By Product: Paprika, Black Pepper, Capsicum, Turmeric, Ginger, Garlic, Onion, Seed Spice, Herbs, Other Products
2) By Raw Material: Leaves, Seeds, Flowers, Roots, Berries, Other Raw Materials
3) By Extraction Process: Solvent Extraction, Supercritical Fluid Extraction, Other Processes
4) By Application: Food, Beverages, Fragrances, Pharmaceutical, Nutraceutical, Other Applications
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions. Europe was the largest region in the oleoresin market in 2023. Asia-Pacific is expected to be the fastest-growing region in the oleoresin market report during the forecast period. The regions covered in the oleoresin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Major Oleoresin Industry Players

AVT Natural Products Ltd; Ozone Naturals; Akay Natural Ingredients Private Limited; Kalsec Inc.; Paprika Oleo's India Limited; Universal Oleoresins Private Limited; Plant Lipids Private Limited; Kancor Ingredients Ltd.; Synthite Industries Ltd.; All-Season Herbs Private Limited; Chenguang Biotech Group Co. Ltd.; TMV Aromatics Pvt Ltd; PT Indesso Aroma; Jean Gazignaire S.A.S.; Givaudan SA; Ungerer & Company; Bioingredia Natural Pvt Ltd.; Sensient Technologies Corporation; Vidya Herbs Pvt. Ltd.; Döhler GmbH; Naturex SA; Algatechnologies Ltd; Cargill Inc.; Mitsubishi Chemical Holdings Corporation; Symrise AG; Greenleaf Extractions Pvt. Ltd.; Reckitt Benckiser Group plc; Young Living Essential Oils Ltd.; Middle Earth Organics; Ransom Naturals Ltd.

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AIOps Oleoresin Market Overview

Oleoresin is a natural mixture of oil and resin extracted from various plant sources such as spices, herbs, and trees. These are used as flouring agents, and food colorants in the production of perfumes, cosmetics, and pharmaceuticals.

Oleoresin Global Market Report 2023 provides data on the global oleoresin market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The oleoresin market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.