Worldwide Oleoresins Market Insights & Forecasts (2019-2025): A $1.7 Billion Industry Opportunity by 2025

DUBLIN, Aug. 9, 2019 /PRNewswire/ -- The "Oleoresins Market by Source, Application (Food & Beverages, Pharmaceutical & Nutraceutical, Personal Care Products, Feed), Extraction Process, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

Global Oleoresins Market is Estimated to be Valued at USD 1.2 Billion in 2019 and is Projected to Reach USD 1.7 Billion by 2025, Recording a CAGR of 6% from 2019 to 2025.

Factors such as the increasing awareness about the side-effects of synthetic flavors and health benefits associated with natural extracts are projected to drive the growth of the oleoresins market during the forecast period.

The key players in this market include Akay Group (India), Synthite Industries Pvt. Ltd. (India), AVT Naturals (India), Givaudan (Switzerland), PT Indesso Aroma (Indonesia), Vidya Herbs Private Limited (India), Ungerer & Company (US), Kancor Ingredients Ltd. (India), Plant Lipids (India), Kalsec Inc.(US), Gazignaire (France), and Universal Oleoresins (India).

By source, the paprika segment is accounted for the largest share in 2018

The paprika segment accounted for a major share in the global oleoresin market, on the basis of source, in 2018. Due to the growing imports of paprika from the European and North American countries, the demand for paprika-based oleoresins has also increased. The increasing application of paprika oleoresins as a natural food ingredient and coloring agent makes it a preferred choice for food manufacturers over raw paprika. Moreover, increasing awareness about the benefits of food products with low salt levels is projected to drive the growth of the paprika segment in the oleoresins market during the forecast period.

By application, the pharmaceuticals & nutraceuticals segment in the oleoresins market is projected to grow at the highest CAGR during the forecast period

Based on application, the oleoresins market is segmented into food & beverages, pharmaceuticals & nutraceuticals, personal care products, and feed. The increasing consumer preference for natural medicines has led to the increasing use of oleoresins in the pharmaceutical segment. The changing consumer lifestyles, aging population, and awareness regarding the health benefits of natural products are factors projected to drive the demand for oleoresins as a raw material in nutraceutical products.

Asia Pacific is projected to be the fastest-growing oleoresins market, due to the high availability of raw materials and required ecological conditions for the growth of plants used for oleoresin extraction

The oleoresins market in the Asia Pacific region is majorly driven by the increasing demand for natural plant-based products, due to factors such as the rising awareness about the health benefits of oleoresins, enhanced shelf life of oleoresins as compared to raw spices, better dietary choices, and high demand for natural flavors in the food & beverage industry. The growing awareness about the side-effects of synthetic products has encouraged manufacturers to invest in the production of end products that contribute to the nutritive health of consumers. India is one of the major producers of oleoresins for various applications across regions. However, China is also witnessing an increase in the production of oleoresin products that are offered at lower costs, due to which the country is a major importer of oleoresins.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Opportunities in the Oleoresins Market
4.2 Oleoresins Market, By Process, 2018
4.3 North America: Oleoresins Market, By Source & Country
4.4 Oleoresins Market, By Application & Region, 2018
4.5 Oleoresins Market, By Key County/Region, 2019-2025

5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Increase in Demand for Oleoresins in Countries With Growing GDP
5.2.2 Rise in Population
5.2.3 Increase in Middle-Class Population
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growth in Demand From the Food Industry
5.3.1.1.1 Rise in the Trend of Using Natural Flavors in Food Processing
5.3.1.1.2 Burgeoning Demand for Processed Food
5.3.1.2 Increase in the Presence of Modern Retail Outlets
5.3.1.3 Growth in Awareness About Health Benefits Offered By Oleoresins
5.3.2 Restraints
5.3.2.1 Availability and Maintaining Stocks of Raw Materials and Price Fluctuations
5.3.2.2 High Initial Investment Costs Prevent New Entrants From Entering the Market
5.3.3 Opportunities
5.3.3.1 Increase in Demand for Feed Phytogenics
5.3.4 Challenges
5.3.4.1 Lack of Awareness and Ability to Distinguish Between Natural and Adulterated Products
5.4 Regulatory Framework
5.4.1 North America
5.4.1.1 US
5.4.2 Europe
5.4.3 Asia Pacific
5.4.3.1 India
5.4.3.2 Japan
5.4.3.3 Australia & New Zealand

6 Oleoresins Market, By Source
6.1 Introduction
6.2 Paprika
6.2.1 Increase in Imports of Paprika Oleoresins From the European Region to Drive Its Market Growth
6.3 Capsicum
6.3.1 The Demand for Capsicum Oleoresins Remains High Due to Its Increasing Application in the Pharmaceuticals & Nutraceuticals Industry
6.4 Seed Spices
6.4.1 Black Pepper is One of the Majorly Used Seed Spice Oleoresin in the Food & Beverage Industry
6.5 Turmeric
6.5.1 Turmeric Oleoresins Possess Anti-Inflammatory and Antiseptic Properties
6.6 Herbs
6.6.1 Herb Oleoresins are Majorly Used for Flavoring Purpose
6.7 Ginger
6.7.1 Ginger Oleoresin is Used for Beverage Preparation in the North American Countries
6.8 Cinnamon & Cassia
6.8.1 Cinnamon & Cassia Oleoresin is Used as Preservative Due to Its Antimicrobial Properties
6.9 Others

7 Oleoresins Market, By Application
7.1 Introduction
7.2 Food & Beverages
7.2.1 Growing Interest of Leading Flavor Manufacturers in Oleoresin Products Drives the Food & Beverage Industry
7.3 Pharmaceuticals & Nutraceuticals
7.3.1 Higher Demand for Capsicum Oleoresin in the Pharmaceutical Industry
7.4 Personal Care Products
7.4.1 Rise in Consumer Preference for Natural Personal Care Products Supports the Growth of Oleoresin
7.5 Feed
7.5.1 Growing Interest of Feed Manufacturers in Phytogenic Additives Drives the Market for Oleoresin in the Feed Sector

8 Oleoresins Market, By Extraction Process
8.1 Introduction
8.2 Solvent Extraction
8.2.1 Solvent Extraction Process is Preferred for Oleoresin Extraction By Small Players in the Industry
8.3 Supercritical Fluid Extraction Process
8.3.1 Higher Efficacy of Supercritical Fluid Method in the Production of Quality Oleoresin Products to Drive Its Growth in the Market

9 Oleoresins Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 The Demand for Naturally Flavored Products in the Food, Cosmetics, and Pharmaceutical Industries is Growing in the US
9.2.2 Mexico
9.2.2.1 Increase in Awareness of Healthier Diet and the Economic Growth of the Country to Influence the Market Growth
9.2.3 Canada
9.2.3.1 Rise in Concerns Over the Potential Side Effects of the Over-the-Counter (Otc) Products to Drive the Growth of the Market
9.3 Europe
9.3.1 Germany
9.3.1.1 Germany is One of the Top Importers of Oleoresins Across the Globe
9.3.2 UK
9.3.2.1 Use of Natural Spice and Herb Extracts as A Suitable Alternative for Synthetic Additives Drives the Market for Oleoresins in the UK
9.3.3 Italy
9.3.3.1 Growth in the Processed Food Industry Drives the Italian Oleoresins Market
9.3.4 Spain
9.3.4.1 Government Initiatives Toward Improving the Composition of Food & Beverage Products Drive the Market for Oleoresins
9.3.5 France
9.3.5.1 Increasing Use of Herbal Extracts in Pharmaceutical Products Drives the Herb-Based Oleoresins Market
9.3.6 Netherlands
9.3.6.1 Food Manufacturers in the Netherlands are Replacing Unhealthy Food Ingredients With Spices and Herbs
9.3.7 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.1.1 Setting Up of Facilities in Southeast Asia By Key Players Driving the Market for Oleoresins in China
9.4.2 India
9.4.2.1 Presence of Key Players Coupled With the Growing Awareness About the Benefits of Oleoresins Supporting Market Growth
9.4.3 Japan
9.4.3.1 The Growing Application of Oleoresins in the Nutraceuticals Segment Drives the Market Growth
9.4.4 Indonesia
9.4.4.1 Indonesia: One of the Major Exporters of Oleoresins
9.4.5 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 South America
9.5.1.1 Release of Brazilian Dietary Guidelines in 2014 Changed the Consumer Food Preferences in South America
9.5.2 Middle East & Africa
9.5.2.1 Increase in Demand for Natural Ingredients in the Food Sector Drives the Growth of the Oleoresins Market

10 Competitive Landscape
10.1 Overview
10.2 Competitive Leadership Mapping
10.2.1 Visionary Leaders
10.2.2 Innovators
10.2.3 Dynamic Differentiators
10.2.4 Emerging Companies
10.3 Strength of Product Portfolio
10.4 Business Strategy Excellence
10.5 Competitive Scenario
10.5.1 New Product Launches
10.5.2 Expansions
10.5.3 Acquisitions
10.5.4 Partnerships

11 Company Profiles
11.1 Akay Group Ltd.
11.2 Synthite Industries Private Ltd.
11.3 AVT Naturals
11.4 Givaudan
11.5 Pt. Indesso Aroma
11.6 Vidya Herbs Private Limited
11.7 Ungerer & Company
11.8 Kancor Ingredients Limited
11.9 Plant Lipids
11.10 Kalsec Inc.
11.11 Gazignaire
11.12 Universal Oleoresins

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