Oleoresin Global Market Report 2024

Description

“Oleoresin Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on oleoresin market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for oleoresin? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The oleoresin market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product: Paprika; Black Pepper; Capsicum; Turmeric; Ginger; Garlic; Onion; Seed Spice; Herbs; Other Products
2) By Raw Material: Leaves; Seeds; Flowers; Roots; Berries; Other Raw Materials
3) By Extraction Process: Solvent Extraction; Supercritical Fluid Extraction; Other Processes
4) By Application: Food; Beverages; Fragrances; Pharmaceutical; Nutraceutical; Other Applications
Companies Mentioned: AVT Natural Products Ltd; Ozone Naturals; Akay Natural Ingredients Private Limited; Kalsec Inc.; Paprika Oleo's India Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Oleoresin is a natural blend of oil and resin extracted from various plant sources, including spices, herbs, and trees. It serves as a flavoring agent and food colorant and finds applications in the production of perfumes, cosmetics, and pharmaceuticals.

The primary product types of oleoresin include paprika, black pepper, capsicum, turmeric, ginger, garlic, onion, seed spices, herbs, and others. Paprika, for instance, is a spice derived from dried and ground sweet red pepper fruit pods of the Capsicum Annum family. Oleoresins are obtained from a variety of raw materials such as leaves, seeds, flowers, roots, berries, and other plant parts, utilizing extraction processes such as solvent extraction, supercritical fluid extraction, and others. These oleoresins are utilized in various applications, including food, beverages, fragrances, pharmaceuticals, nutraceuticals, and more.

The oleoresin market research report is one of a series of new reports from The Business Research Company that provides oleoresin market statistics, including oleoresin industry global market size, regional shares, competitors with an oleoresin market share, detailed oleoresin market segments, market trends, and opportunities, and any further data you may need to thrive in the oleoresin industry. This oleoresin market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The oleoresin market size has grown strongly in recent years. It will grow from $1.53 billion in 2023 to $1.63 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth observed in the historical period can be attributed to factors such as the expansion of the food and beverage industry, a preference for natural ingredients, an increased use of oleoresins in seasonings and spices, growing demand from the pharmaceutical industry, and the expansion of the cosmetic industry.

The oleoresin market size is expected to see strong growth in the next few years. It will grow to $2.05 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The anticipated growth in the forecast period can be attributed to the expanding applications of oleoresins in nutraceuticals, the development of novel oleoresin varieties, the rising popularity of plant-based products, increased demand for ethnic and exotic flavors, and the expansion of the aromatherapy market. Major trends in this period include technological integration in agriculture, biotechnological advancements, technological innovations in extraction methods, flavor innovation in the beverage industry, and the influence of the clean label movement.

The oleoresin market is poised for growth, driven by the increasing demand for fast food. The hectic lifestyles and limited time for food preparation have led to a rise in people's preference for fast food, consequently boosting the demand for oleoresin. Oleoresin serves as a crucial ingredient, providing flavoring agents and food colorants for fast food products. For example, in 2022, the UK fast food market witnessed a 9% growth, reaching US$22.45 billion (£20.61 billion) from US$20.6 billion (£18.9 billion) in 2021, as reported by Avika, a Netherlands-based potato processing company. This surge in fast food consumption is a key factor driving the growth of the oleoresin market.

The oleoresin market is also expected to benefit from the growing awareness about health and fitness. Increased consciousness about maintaining physical and mental well-being through healthy lifestyle choices, exercise, and nutrition is creating a favorable environment for oleoresins. This positions oleoresins as valuable components in products targeting the wellness-oriented consumer demographic. A survey report by Nutrisystem in January 2022 revealed that 53% of 2,000 participants aimed to lose weight in 2022, with an average target of 14 pounds. This heightened focus on health and fitness is a significant driver for the growth of the oleoresin market.

A prominent trend in the oleoresins market is the emphasis on product innovations by major companies. These companies are adopting new production techniques to manufacture oleoresins, ensuring sustainability and maintaining their competitive positions. For instance, in May 2022, Algalif and Divi's Nutraceuticals collaborated to develop highly concentrated beadlets of sustainable natural astaxanthin oleoresin from microalgae. This innovative oleoresin has applications in various products such as fortified drinks, nutrition bars, gummies, tablets, and Twizzlers, showcasing its versatility in the food and beverage industry.

Major companies in the oleoresin market are actively launching oleoresin products to meet consumer demands. In March 2021, Lycored introduced an oleoresin derived from Haematococcus pluvialis algae, specifically formulated for soft gel usage. The product reflects the company's commitment to delivering high-quality solutions and an effective delivery system, addressing the rising demand for vegetarian and vegan options. This oleoresin stands out for its unique origin, compatibility with soft gels, and alignment with the growing preference for vegetarian and vegan products.

In July 2022, Oterra, a Denmark-based manufacturer of natural coloring ingredients, acquired Akay Group Ltd. for an undisclosed amount. This acquisition aims to strengthen Oterra's presence in the natural colors market by leveraging Akay Group's oleoresin production expertise, advanced manufacturing plants, and robust research and development capabilities.

Major companies operating in the oleoresin market report are AVT Natural Products Ltd, Ozone Naturals, Akay Natural Ingredients Private Limited, Kalsec Inc., Paprika Oleo's India Limited, Universal Oleoresins Private Limited, Plant Lipids Private Limited, Kancor Ingredients Ltd., Synthite Industries Ltd., All-Season Herbs Private Limited, Chenguang Biotech Group Co. Ltd., TMV Aromatics Pvt Ltd, PT Indesso Aroma, Jean Gazignaire S.A.S., Givaudan SA, Ungerer & Company, Bioingredia Natural Pvt Ltd., Sensient Technologies Corporation, Vidya Herbs Pvt. Ltd., Dohler GmbH, Naturex SA, Algatechnologies Ltd, Cargill Inc., Mitsubishi Chemical Holdings Corporation, Symrise AG, Greenleaf Extractions Pvt. Ltd., Reckitt Benckiser Group plc, Young Living Essential Oils Ltd., Middle Earth Organics, Ransom Naturals Ltd

Europe was the largest region in the oleoresin market in 2023. Asia-Pacific is expected to be the fastest-growing region in the oleoresin market report during the forecast period. The regions covered in the oleoresin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the oleoresin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The oleoresin market consists of the sale of essential oil, fenugreek oleoresin, and celery seed. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11191

1. Executive Summary

2. Oleoresin Market Characteristics

3. Oleoresin Market Trends And Strategies

4. Oleoresin Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Oleoresin Market Size and Growth

5.1. Global Oleoresin Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Oleoresin Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Oleoresin Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Oleoresin Market Segmentation

6.1. Global Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Paprika
Black Pepper
Capsicum
Turmeric
Ginger
Garlic
Onion
Seed Spice
Other Products
6.2. Global Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Leaves
Seeds
Flowers
Roots
Berries
Other Raw Materials
6.3. Global Oleoresin Market, Segmentation By Extraction Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Solvent Extraction
Supercritical Fluid Extraction
Other Processes
6.4. Global Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Food
Beverages
Fragrances
Pharmaceutical
Nutraceutical
Other Applications

7. Oleoresin Market Regional And Country Analysis

7.1. Global Oleoresin Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Oleoresin Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Oleoresin Market

8.1. Asia-Pacific Oleoresin Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Oleoresin Market

9.1. China Oleoresin Market Overview
9.2. China Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Oleoresin Market

10.1. India Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Oleoresin Market

11.1. Japan Oleoresin Market Overview
11.2. Japan Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Oleoresin Market

12.1. Australia Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Oleoresin Market

13.1. Indonesia Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Oleoresin Market

14.1. South Korea Oleoresin Market Overview
14.2. South Korea Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Oleoresin Market

15.1. Western Europe Oleoresin Market Overview
15.2. Western Europe Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Oleoresin Market

16.1. UK Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Oleoresin Market

17.1. Germany Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Oleoresin Market

18.1. France Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Oleoresin Market

19.1. Italy Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Oleoresin Market

20.1. Spain Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Oleoresin Market

21.1. Eastern Europe Oleoresin Market Overview
21.2. Eastern Europe Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Oleoresin Market

22.1. Russia Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Oleoresin Market

23.1. North America Oleoresin Market Overview
23.2. North America Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Oleoresin Market

24.1. USA Oleoresin Market Overview
24.2. USA Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Oleoresin Market

25.1. Canada Oleoresin Market Overview
25.2. Canada Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Oleoresin Market

26.1. South America Oleoresin Market Overview
26.2. South America Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Oleoresin Market

27.1. Brazil Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Oleoresin Market

28.1. Middle East Oleoresin Market Overview
28.2. Middle East Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Oleoresin Market

29.1. Africa Oleoresin Market Overview
29.2. Africa Oleoresin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Oleoresin Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Oleoresin Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Oleoresin Market Competitive Landscape And Company Profiles

30.1. Oleoresin Market Competitive Landscape
30.2. Oleoresin Market Company Profiles
- 30.2.1. AVT Natural Products Ltd
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Ozone Naturals
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Akay Natural Ingredients Private Limited
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Kalsec Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Paprika Oleo's India Limited
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Oleoresin Market Competitive Benchmarking

32. Global Oleoresin Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Oleoresin Market

34. Oleoresin Market Future Outlook and Potential Analysis

34.1 Oleoresin Market In 2028 - Countries Offering Most New Opportunities
34.2 Oleoresin Market In 2028 - Segments Offering Most New Opportunities
34.3 Oleoresin Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer