According to a research report published by Spherical Insights & Consulting, the Global Oleoresin Market Size Expected to Grow from USD 1.63 Billion in 2023 to USD 3.02 Billion by 2033, at a CAGR of 6.36 % during the forecast period 2023-2033.

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Oleoresins are the semi-solid extracts that are obtained through the evaporation of the solvents during a manufacturing process of gathering these oleoresins. These semi-solid extracts constitute mostly resins and some essential or fatty oils. The oleoresin market is expanding globally mostly due to new and advanced technologies that have transformed the economy, efficiency, and environment-friendliness of oleoresin extraction and processing. An example of this is supercritical fluid extraction (SFE) technology, which eliminates the need for solvents during the extraction process. The rising demand for both conventional and organic food products is a major factor driving the market’s revenue growth. Consumers’ growing health consciousness has fueled their quest for natural foods free of dangerous chemicals and additives. The global oleoresin market is expanding because oleoresins are seen as a safer, more natural option to artificial flavors and colors, which are often connected to a number of health issues. However, the season has a serious effect on the supply of spices, which are manufactured throughout the year to make oleoresin. All companies must stock and buy them for the whole year, consequently taking a risk on unexpected losses. In turn, carrying stock is very risky as prices in the commodity market fluctuate on a regular basis.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Oleoresin Market Size, Share, and COVID-19 Impact Analysis, By Product (Black Pepper, Herbs, Ginger, Capsicum, Seed Spices, Cinnamon & Cassia, Paprika, and Others), By Raw Material (Seeds, Roots, Flowers, Berries, Leaves, and Others), By Application (Food & Beverages, Feed, Pharmaceutical & Nutraceutical, Personal Care Products, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The black pepper segment is expected to hold the largest share of the global oleoresin market during the forecast period.

Based on the product, the global oleoresin market is divided into black pepper, herbs, ginger, capsicum, seed spices, cinnamon & cassia, paprika, and others. Among these, the black pepper segment is expected to hold the largest share of the global oleoresin market during the forecast period. Black pepper is one of the most favorite spices in almost every culinary product for its bold and spicy aromatic properties. However, the preparation of black pepper oleoresin is very dependent on ethanol extraction and a small quantity of finely crushed dried black pepper. The substance has the potential to be both an antioxidant and an antibacterial. Consequently, it is anticipated that there will be significant advancements in production in the near future

The berries segment is expected to grow at the fastest pace in the global oleoresin market during the forecast period.  

Based on the raw material, the global oleoresin market is divided into seeds, roots, flowers, berries, leaves, and others. Among these, the berries segment is expected to grow at the fastest pace in the global oleoresin market during the forecast period. The growth is attributed to growing demand for tastes that are natural; the naturally occurring sources of vivid and very diverse flavors are popular in aromas for many food and beverage products. This could be a good factor for the development of the berry segment in the global oleoresin market.

The food & beverages segment is expected to hold the greatest share of the global oleoresin

Based on the application, the global oleoresin market is divided into food & beverages, feed, pharmaceuticals & nutraceuticals, personal care products, and others. Among these, the food & beverages segment is expected to hold the greatest share of the global oleoresin market during the forecast period. The growth is driven due to even processed meat, some candies, cheese, sauces, spice combinations, and fruit juices containing them. Besides these varieties of food and drinks, they are further used in many preparations as seasonings and coloring agents. It is because of the latter that food and beverage categories also account for the leading share of the global oleoresin market, as the ingredient is increasingly used in oleoresin applications and is currently catching a trend with favorite recipes and signature tastes.

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Europe is projected to hold the largest share of the global oleoresin market over the forecast period.

Europe is projected to hold the largest share of the global oleoresin market over the forecast period. The necessity for flavor enhancers and coloring agents in the food and beverage industries has been making much of an increasing impact in the region. Besides that, demand owing to consumption of products across the region, personal care, fragrance, and beauty care divisions contribute significantly to the end-use market for oleoresins. Consumer demands for regional food and the increasing use of oleoresins in present treatments and applications will therefore remain the primary influential development factors for the region.

Asia Pacific is expected to grow at the fastest CAGR of the global oleoresin market during the forecast period. The increase has been attributed to the utilization of newer industrial technologies and increased productivity. China, India, Malaysia, Vietnam, and Indonesia are a few of the region’s major spice producers. Price competition exists because of the high output of paprika oleoresins in the Asia-Pacific region. As a result, it is expected that global consumption of oleoresin will be augmented by its inherent stability and utilization in food and beverages and pharmaceutical products.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global oleoresin market are Indo World Trading Corporation, Givaudan SA, Akay Group Ltd., Plant Lipids, Dupont de Nemours Inc., K.Patel Phyto Extractions Pvt Ltd., Vidya Herbs Pvt Ltd., Kancor Ingredients Ltd., Ozone Naturals, Universal Oleoresins, India Essential Oils, Shaanxi Jiahe Phytochem Co. Ltd., Ungerer Limited, Lionel Hitchen (Essential Oils) Ltd., Cymbio Pharma Pvt Ltd., AVT Naturals, Synthite Industries Ltd., Kalsec Inc., Kuber Impex Ltd., Kancor Ingredients Ltd., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In May 2022, Divi and Algalif together created concentrated beadlets of naturally occurring astaxanthin. It is to be used for the organic production of astaxanthin oleoresin from microalgae for use in renewable energy sources.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global oleoresin market based on the below-mentioned segments:

Global Oleoresin Market, By Product

• Black pepper
• Herbs
• Ginger
• Capsicum
• Seed spices
• Cinnamon & Cassia
• Paprika
• Others

Global Oleoresin Market, By Raw Material

• Seeds
• Roots
• Flowers
• Berries
• Leaves
• Others

Global Oleoresin Market, By Application

• Food & Beverages
• Feed
• Pharmaceutical & Nutraceuticals
• Personal Care Products
• Others

Global Oleoresin Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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