Oleoresin Market Estimated At USD 2.83 Billion By 2030


 San Francisco, 13 March 2024: The Report Oleoresin Market Size, Share & Trends Analysis Report By Product (Paprika, Black Pepper, Capsicum), By Application (Food, Beverage, Fragrances, Pharmaceutical), By Region, And Segment Forecasts, 2024 - 2030

The global oleoresin market size is anticipated to reach USD 2.83 billion by 2030 and is anticipated to expand at a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth is attributed to the growing use of spice oleoresins for coloring and flavoring and is projected to drive the market growth.

Oleoresins, derived from specific spices like turmeric and paprika, are highly valued not only for flavor-enhancing properties but also for vibrant coloring attributes. These products find extensive applications in salad dressings and as coloring agents in pickled products. Oleoresins are particularly suitable for high-temperature food processing methods such as baking and frying. Furthermore, their solubility characteristics make them widely used additives in the food industry.

Moreover, the flavor of the product may not be equivalent to their corresponding essential oils. Although, the product is thick, viscous, and contains concentrations of colored pigments, it generally imparts less color to finished products as compared to the corresponding spices as they are used in lesser quantity in varied applications.

Furthermore, growing confectionery & baked food products demand in developed as well as developing regions is presumed to aid the growth in the near future. Changing dietary trends and food consumption patterns are expected to aid the confectionery & baked food along with beverages demand. In addition, growing demand among consumers for packaged spices and spice mixes in food applications has also assisted the market over the forecast period.

Access Research Report of Oleoresin Market @ https://www.grandviewresearch.com/industry-analysis/oleoresins-market

Oleoresin Market Report Highlights

  • The black pepper segment dominated the market with more than 25.46% share in 2023. It is widely utilized in food products owing to its pungent taste and spicy aromatic properties
  • The food application segment is anticipated to grow at the fastest CAGR over the forecast period. This is attributed to the wideutilization of oleoresins in the food industry, particularly in various applications such as marinades, meat preparations, gourmet foods, and convenience food products
  • Europe dominated the global market owing to the fact that various end-use industries in Europe, such as personal care & cosmetics, perfumery, and pharmaceuticals, extensively incorporate it into their products. Increasing demand for oleoresins has also resulted in their higher import rate
  • In May 2023, Mane Rancor, a subsidiary of the French MANE Group launched its largest manufacturing facility in Byadgi, Karnataka, India. This facility is known for having the largest chili market in the state.The facility spread across 50 acres, represents a significant investment of over 220.54 million by the MANE Group

Oleoresin Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 1.89 billion

Revenue forecast in 2030

USD 2.83 billion

Growth Rate

CAGR of 6.9% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

List of Key Players of Oleoresin Market

  • Chenguang Biotech Group Co. Ltd.
  • Kancor Ingredients Ltd.
  • Kalsec Inc.
  • Universal Oleoresins
  • Givaudan
  • Akay Group Ltd.
  • Synthite Industries Ltd.
  • AVT
  • Indo - World
  • Paprika Oleo's India Limited
  • Paras Perfumers
  • Manohar Botanical Extracts Pvt. Ltd.
  • Naturite Agro Products Ltd
  • MRT GREEN PRODUCTS
  • All-Season Herbs
  • TMV Aroma
  • Plant Lipids
  • Ozone Naturals

Access Press Release of Oleoresin Market @ https://www.grandviewresearch.com/press-release/global-oleoresin-market

 

Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more