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

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

Status : October, 2019 | Food and Beverages | PPT format

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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 reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

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

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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