The report of Global Oleoresins Market by Sources (Paprika, Capsicum, Seed spices, Turmeric, Ginger, Cinnamon & cassia, Herbs), Application (Food & beverages, Pharmaceuticals & nutraceuticals, Personal care products, Feed), Extraction process (Solvent extraction, Supercritical fluid extraction) and Region (North America, Asia Pacific, South America, Middle East & Africa, Europe) is expected to reach US$ 1.94 Bn by 2026, at a CAGR of XX % during a forecast period.
Oleoresins are prevalent in the beverages industry since they can be a great base savor or part of a complex flavor profile. These can also be used to add natural color to beverages, further increasing their usability in this industry. The growing beverage industry directly drives the market growth for oleoresins. The wide varieties of oleoresins give them numerous possibilities to formulate new or improved natural foods and flavorings.
The food and beverage segment is expected to grow at a faster rate during the forecast period.
The food & beverage segment is projected to dominate the oleoresins market, on the basis of application, during the forecast period. This is attributed to the increasing use of oleoresins that provide a natural flavor and fragrance in confectioneries and beverages. Further, growing awareness among consumers about the benefits of consuming products rich in natural ingredients such as oleoresins has contributed to the growth of the market. In addition, the use of oleoresins in the pharmaceutical industry remains high due to the growing awareness of the side-effects of allopathic medicines, increasing instances of antibiotic allergies among people, rising vegan population, and busy lifestyles of consumers are projected to drive the growth of the pharmaceuticals & nutraceuticals segment during the forecast period.
Europe is expected to hold the largest XX% share of the market for oleoresins during the forecast period.
The high inclination towards natural ingredients and extracts used in various food products is driving the market growth for oleoresins in Europe. In this, the production of oleoresins is much more profitable as compared to the production of raw materials. The main application of oleoresins in this region is in the preparation of soups, sauces, meats, and dairy products.
Key Players operating the Global Oleoresins Market are, Synthetic, Akay, Paprika Oleo’s Ltd., Universal Oleoresin, GurjarPhytochem Private Ltd., Manohar Botanical Extracts Pvt, Plant lipids Indo World, Naturite Agro Products Ltd., Givaudan, Vidya Herbs Private Limited, Ungerer & Company, Kalsec Inc., Gazignaire.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Oleoresins Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Oleoresins Market. The driving forces, as well as considerable restraints, have been explained in depth.In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Oleoresins Market positioning of competitors.
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