Global Oleoresin Market By Source (Paprika, Capsicum, Seed Spices, Turmeric, Herbs, Ginger, Cinnamon & Cassia, Others), Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care Products, Feed), Extraction Process (Solvent Extraction, Supercritical Fluid Extraction Process), Raw Material (Leaves, Seeds, Flowers, Roots, Berries, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Oleoresin Market
Global oleoresin market is set to witness a substantial CAGR of 5.46% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for feed phytogenics and rising number of multi- cuisine restaurants are the factor for the market growth.
Market Definition: Global Oleoresin Market
Oleoresins are extracted from plants and are combination of oil and resin. They are highly concentrated substances which are available in the liquid form. In the beverage industry, leoresins are popular because they can be an excellent base flavor or part of a complicated flavor profile. They also contain benzoic acid and cinammic acid and are also known as balsams. Oleoresins are generally extracted from pine crops and generate rosin which is an amber-yellow, fragile, difficult and translucent resin generated after distilling the oleoresin-derived oil. They are widely used in application such a personal care products, food and beverage, pharmaceuticals and others.
- Increasing usage of natural flavors in food processing is driving the market growth
- Rising awareness about the health benefits of oleoresins will also enhance the market growth
- Growing demand from pharmaceutical industry will also accelerate the market
- Increasing prevalence for robust food additive will also contribute as a factor for the market growth
- High investment cost will hamper this market growth
- Volatility in the price of the raw material will also hinder the market growth
Segmentation: Global Oleoresin Market
- Seed Spices
- Cinnamon & Cassia
- Food & Beverages
- Pharmaceuticals & Nutraceuticals
- Personal Care Products
By Extraction Process
- Solvent Extraction
- Supercritical Fluid Extraction Process
By Raw Material
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In June 2018, Algatechnologies, Ltd announced the launch Fucovital which is an all-natural three per cent fucoxanthin oleoresin developed and are extracted from the microalgae. For Algatech and the microalgae sector, this launch marks a significant milestone. This new Algatech’s microalgae fucoxanthin is recognized a distinctive algae strain, Phaeodactylum tricornutum, which is more concentrated than seaweed
- In September 2018, Givaudan announced the acquisition of Naturex. This acquisition will help the company to strengthen their portfolio of plant extracts and natural ingredients and will help them to serve better in food & beverage, nutrition & health and personal care ingredients. This will also help them to meet the rising consumer demand for natural, organic and clean label products
Global oleoresin market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of oleoresin market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global oleoresin market are Akay Group Ltd., Synthite Industries Ltd., AVT Naturals, PT. INDESSO AROMA, VidyaHerbs, Ungerer & Company, KANCOR, Plant Lipids, Gazignaire, Universal Oleoresins., Hawkins Watts Limited, Ozone Naturals, TMV Aroma, MRT GREEN PRODUCTS., Naturite Agro Products Ltd., Gurjar Phytochem Pvt. Ltd., Ambe Phytoextracts Pvt. Ltd., Paras Perfumers., Paprika Oleo's India Limited, Kalsec Inc., among others.
Research Methodology: Global Oleoresin Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved