Global Oleoresin Market is Driven by Shifting Consumer Preferences towards Organic Products, Rising Demand from the Flavors & Seasonings, Condiments Industry and Nutraceutical Industry: Ken Research

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“Rising importance of natural and organic products over synthetic and nature-identical flavors and the booming demand from the Pharma & Nutraceuticals industry and Animal Feed industry is driving the demand for oleoresins across the globe.”

Shifting Consumer Preferences: As consumers are increasingly becoming health conscious, there is a rising shift towards natural and organic products across the globe. A large number of processed meat and packaged foods manufacturers are shifting towards using oleoresins as a substitute to ground spices due to hygiene and food safety concerns. Food manufacturers are also moving away from synthetic flavors and nature-identical colors and are using oleoresins instead. This shift has played an important role in propelling the growth of the oleoresin industry in the past few years.

Robust Demand from Flavors and Seasonings Manufacturers: The flavor and fragrance houses in US and Europe including Givaudan, Firmenich, Mane SA, Symrise, IFF and more are the major users of oleoresins across of the globe. Oleoresins such as paprika, capsicum, black pepper, ginger, garlic, jalapeno, oregano, rosemary, thyme and more are largely demanded for the manufacturing of seasonings and condiments including sauces, dips, spice mixes and more. Owing to this, the oleoresin industry has witnessed significant growth over the review period.

Rising Demand from Nutraceutical and Animal Feed Industries: Due to the active ingredients present in oleoresins such as black pepper, turmeric and more, there has been rising demand for oleoresins by the nutraceuticals and pharmaceutical industry. Oleoresins have medicinal properties such as anti-inflammation, anti-diabetic, anti-depressant, detoxification, pain-relief, anti-fungal and many more properties, which have stimulated their usage in the nutraceuticals industry. The rising demand for oleoresins such as marigold and paprika by the animal feed industry has also positively impacted the market. These oleoresins are used as growth stimulators and also help in imparting bright yellow color to egg yolks in the poultry industry.

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.

Global Oleoresins Market

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

For more information on the research report, refer to below links:-

Global Oleoresins Market

Related Reports:-

India Herbal Extract Market by End Users (Pharmaceuticals & Nutraceutical, Cosmetics and Food & Beverage Industries), by Extract type (Carotenoids, Aloe Vera, Ginger, Capsicum, Turmeric, Shilajit, Marigold, Shatavari and Others), Oleoresins and Essential Oil – Outlook to 2022

India Flavor and Fragrance Industry Outlook to 2020 – Driven by Demand of Personal Grooming Products and Growth of Food Additives Market

The US Flavors And Fragrances Market Outlook To 2016 – Ageing Population And Consumer Tendency Towards Natural And Healthy Products Driving The Maturing Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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