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