Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Oleoresin Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Oleoresin Industry in 2024 and 2025?
The market size of the oleoresin industry has experienced significant growth in recent years. The market value was $1.63 billion in 2024 and is predicted to increase to $1.71 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%.
What Is the Projected Market Size of the Oleoresin Market in 2029?
The Oleoresin Global Market is projected to reach a market size of $2.14 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.8%.
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What Are the Key Drivers of Oleoresin Market Growth?
The key drivers in the oleoresin market are:
• Expansion of applications in nutraceuticals and development of novel oleoresin varieties
• Rising popularity of plant-based products and demand for ethnic and exotic flavors
• Expansion of the aromatherapy market
• Technological advancements in extraction methods and flavor innovation in the beverage industry
What Are the Primary Segmentation Categories in the Oleoresin Market?
The oleoresinmarket 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
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What Are the Major Trends Shaping the Oleoresin Market in 2025 and Beyond?
The key trends in the oleoresin market are:
• Expanding applications of oleoresin in the nutraceutical industry is a significant trend.
• Development of new varieties of oleoresin is shaping the market landscape.
• Rising demand for exotic flavors and plant-based products is a notable trend.
• The clean label movement is increasingly influencing the oleoresin market.
Who Are the Emerging Players in the Oleoresin Market?
Major players in the oleoresin market are:
• 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.
• Young Living Essential Oils Ltd.
• Middle Earth Organics
• Ransom Naturals Ltd.
Which Regions Are Leading the Growth in the Global Oleoresin Market?
Europe was the largest region in the oleoresin market in 2024
