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 : July, 2021 | Food and Beverages

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 reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?