Oleoresins Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

  • Single User License $3500

Oleoresins Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : May, 2020 | Food and Beverages | PPT format

Report Digest


Global Oleoresins Market: Overview

Oleoresins are concentrated compounds that are derived from the solvent extraction of ground spices. These compounds are generally in liquid form. Oleoresins have similar properties and characteristics similar to the parent spice. These oleoresins are used as a substitute for ground or whole spices without compromising on the aroma or flavor. Oleoresins market has several end-use verticals such as food and beverages, confectionery, and pharmaceutical among others. A new and upcoming trend in the market has been the use of clean label personal care products.

Global Oleoresins Market: Notable Developments

Some of the notable developments of the global oleoresins market are listed below:

  • In May 2018, Indesso inaugurated its new research and development center in Cileungsi plant. This research and development center was a multi-year project that was initiated in August 2016 and finished in December 2017. The company aims to set up several laboratories in the facility that will help in developing ingredients for fragrance, food, and flavor industries.
  • Recently, Kalsec, a key player in the global oleoresins market enhanced its operations in Europe. The company has opened a new state of the art research, development, and analytics facility at the Milden hall, the UK. The facility has been graced by Kalsec’s finest experts and new operational team.

Some of the most prominent competitors operating in the competitive landscape of global oleoresins 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)
  • Universal Oleoresins (India)

Global Oleoresins Market: Drivers and Restraints

There are several factors that are driving the growth of the global oleoresins market. One of the biggest reasons is the increasing demand of paprika as a key flavoring element in American cuisine. It has thus propelled the demand for paprika oleoresins and thus the growth of the overall market. In addition to this, there has been a growing awareness among consumers about the obvious health benefits of consuming organic food such as oleoresins. This has also helped in fueling the growth of the market.

The growth of the oleoresins market is also influenced by the pharmaceutical sector. The drug manufacturers are now more aware of the ill effects of the use of allopathic medicines and allergies caused due to use of antibiotics. This has enforced them to use ingredients such as oleoresins in drug manufacturing to tackle such problems. This has also helped in driving the growth of the global oleoresins market.

Another important growth factor for the oleoresins market is government backing. The regulatory bodies across the globe are backing the use of herbal extracts in different therapeutics in place of synthetic elements. This has promoted the use of oleoresins and helped in the development of the market.

Global Oleoresins Market: Geographical Outlook

The global oleoresins market is mainly divided into five key regions for a better understanding of the geographical reach of the market. The regions are Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Of these regional segments, the global oleoresins market is mainly dominated by the North America region. This is because of the growing consumption of processed food in the region that ultimately leads to the growing demand for oleoresins.

Asia Pacific region has shown maximum growth potential in recent years. The use of conventional medicines and treatment techniques based on plants is still prevalent in the Asia Pacific region. Additionally, because of the ill effects of synthetic medicines and chemicals, the use of organic materials has only grown. This has given a significant push to the development of the oleoresins market in the region.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

Wish to check Table of Contents of this report?

Click below to Request TOC

Request TOC