Market Research Report
Oleoresin Market Size, Share & Trends Analysis Report By Product (Capsicum, Black Pepper, Paprika, Turmeric, Ginger, Garlic, Onion), By Application (Food & Beverages, Pharmaceuticals, Flavors), And Segment Forecasts, 2019 - 2025
|Published by||Grand View Research, Inc.||Product code||906557|
|Published||Content info||222 Pages
Delivery time: 2-3 business days
|Oleoresin Market Size, Share & Trends Analysis Report By Product (Capsicum, Black Pepper, Paprika, Turmeric, Ginger, Garlic, Onion), By Application (Food & Beverages, Pharmaceuticals, Flavors), And Segment Forecasts, 2019 - 2025|
|Published: July 1, 2019||Content info: 222 Pages||
The global oleoresin market size is expected to reach USD 1.99 billion by 2025 registering a CAGR of 4.7%, as per a new report by Grand View Research Inc. Growing demand for flavors & fragrances used in food & beverages and for natural personal care products created using numerous aroma compounds and essential oils are expected to foster market growth. Rapidly expanding food & beverages industry is also contributing to the market growth.
New product launches, growing number of retail stores, economic prices of convenient food and personal care products are expected to be highly influential factors for market growth. Increasing usage of flavors in the pharmaceutical, dietary supplements, and nutraceutical products is also projected to augment the demand. Major manufacturers have strategically established their facilities in close proximity to regions with high production of spices to maintain a consistent supply of raw materials. For instance, India is the largest producer and exporter of a wide variety of spices and their derivatives as well as culinary herbs.