Global Oleoresins Market, By Source (Black Pepper, Paprika, Capsicum, Seed spices, Turmeric, Herbs,

Published Date: | Report Code : MT1958331

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Oleoresins can be called as an alternative for ground spices. they have standard aroma and taste that can be altered according to the product requirements. Oleoresins reduce the possibility of bacteria contamination thus providing a longer shelf life to the products.

Segment Analysis:

The oleoresins market is segmented based on the source, extraction process, and application.

Based on the source, it is segmented as Black Pepper, Paprika, Capsicum, Seed spices, Turmeric, Herbs, Ginger, Cinnamon, and Others. The increasing demand for paprika as a seasoning from the North America market is the reason why paprika oleoresin is leading. Paprika is mainly available in either dried or powdered forms. Paprika oleoresins have high demand globally and are usually available at lower costs.

On the basis of the extraction process, the bifurcation is Solvent Extraction and Supercritical Fluid Extraction.

By the application, the segmentation is Food & Beverages, Pharmaceutical & Nutraceutical, Personal Care Products, Feed, Others. The application of oleoresins is the most in the food & beverage industry. As they provide the foods with a natural flavor and aroma they are increasingly being used in foods & beverages. Also, the consumers are more aware of the benefits of the use of natural ingredients increasing its usage. In the pharmaceutical industry too, oleoresins are being used extensively due to the increasing awareness of rising cases of antibiotic allergies, growing vegan population, side-effects of various allopathic medicines, and the changing consumer lifestyles.

The increasing consumption of processed foods in North America has led to the demand of oleoresins to grow. The APAC region, on the other hand, is steadily growing due to the constant increase in the usage of plant-derived traditional treatments and health products.

Key Factors Impacting Market Growth:

  • Increasing the use of natural ingredients in processed foods

  • Growing awareness about the harmful effects of synthetic flavors

Key Developments:

  • In January 2019, a new technical and commercial flavor center was opened in morocco by Givaudan (Switzerland) to expand its business and meet the customers' needs

  • In September 2018, Naturex (US) was acquired by Givaudan (Switzerland) to increase their oleoresins portfolio, as well as allow them to meet consumer demands

Regional Analysis:

By region, oleoresins market has been segmented in North America, Europe, Asia pacific, Middle East, and Rest of the World. The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes US, Canada, and Mexico. US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. Industrial sector is a major contributor US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region. Western Europe region is dominated by Germany, UK, France, Italy, and Spain. These countries also have a strong influence of the industrial sector resulting in sizeable demand for the oleoresins market.

Asia Pacific is estimated to register the highest CAGR by region during the forecast period. The presence of some of the high growth economies such as China and India is expected to propel the demand in this region. In addition, this region has witnessed strategic investments by major companies to increase their market presence. Middle East and Eastern Europe are estimated to be other key regions for the oleoresins market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.

Companies Covered: Givaudan, Akay Group, Vidya Herbs Private Limited, Synthite Industries Pvt. Ltd., AVT Naturals, PT Indesso Aroma, Ungerer & Company.

Market Segmentation:

By Source:

  • Black Pepper

  • Paprika

  • Capsicum

  • Seed Spices

  • Turmeric

  • Herbs

  • Ginger

  • Cinnamon

  • Others

By Extraction Process:

  • Solvent Extraction

  • Supercritical Fluid Extraction

By Application:

  • Food & Beverages

  • Pharmaceutical & Nutraceutical

  • Personal Care Products

  • Feed

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Source

    • By Extraction Process

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Source

    • By Extraction Process

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Source

    • By Extraction Process

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Source

    • By Extraction Process

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Source

    • By Extraction Process

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Source

    • By Extraction Process

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global Oleoresins Market on regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

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