oleoresins market size, share, growth, trend & forecast 2025

MARKET INTELLIGENCE . CONSULTINGwww.techsciresearch.com

GLOBAL OLEORESINS MARKET

FORECAST & OPPORTUNITIES

2015 – 2025

2

Scope of ReportProduct of Interest (POI): Oleoresins

Review Period

2015 – 2018

Base Year

2019

Estimated Year

2020

Forecast Period

2021 – 2025

Year Range

REGION

• North America

• Europe

• Middle East & Africa

• Asia-Pacific

• South America

Global oleoresins market is expected to grow at a significant CAGR during the forecast period. Theglobal oleoresins market is driven by the increasing popularity for integration of natural flavours inprocessed food. Moreover, growing awareness among consumers regarding the benefits of consuminghealthy food and supplements is anticipated to positively impact the growth of the market during theforecast years. Also, surging product demand from various end user industries such as food andbeverage industry, pharmaceutical sector, among others, is further expected to bolster the growth ofmarket over the next five years.

Market Segmentation

SOURCE

• Paprika

• Capsicum

• Seed Spices

• Turmeric

• Herbs

• Ginger

• Cinnamon & Cassia

• Others

APPLICATION

• Food & Beverages

• Pharmaceutical &

Nutraceutical

• Personal Care Products

• Feed

EXTRACTION PROCESS

• Solvent Extraction

• Supercritical Fluid Extraction

3

Table of Contents

S. No. Contents Page No.

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Oleoresins Market

4. Executive Summary

5. Voice of Customer

6. Global Oleoresins Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Source (Paprika, Capsicum, Seed Spices, Turmeric, Herbs, Ginger, Cinnamon & Cassia, Others)

6.2.2.By Application (Food & Beverages, Pharmaceutical & Nutraceutical, Personal Care Products, Feed)

6.2.3. By Extraction Process (Solvent Extraction, Supercritical Fluid Extraction)

6.2.4. By Company (2019)

6.2.5. By Region (Asia-Pacific, Europe, North America, South America and Middle East & Africa)

6.3. Market Attractiveness Index

4

Table of Contents


7. Asia-Pacific Oleoresins Market Outlook


7.1.1. By Value


7.2.1. By Source

7.2.2. By Application

7.2.3. By Extraction Process

7.2.4. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Oleoresins Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Source

7.3.1.2.2. By Application

7.3.1.2.3. By Extraction Process

7.3.2. India Oleoresins Market Outlook

5

Table of Contents



7.3.2.1.1. By Value





7.3.3. Japan Oleoresins Market Outlook


7.3.3.1.1. By Value





7.3.4. South Korea Oleoresins Market Outlook


6

Table of Contents


7.3.4.1.1. By Value





7.3.5. Australia Oleoresins Market Outlook


7.3.5.1.1. By Value





8. Europe Oleoresins Market Outlook


7

Table of Contents


8.1.1. By Value


8.2.1. By Source



8.2.4. By Country

8.3. Europe: Country Analysis

8.3.1. France Oleoresins Market Outlook


8.3.1.1.1. By Value





8.3.2. Germany Oleoresins Market Outlook

8

Table of Contents



8.3.2.1.1. By Value





8.3.3. United Kingdom Oleoresins Market Outlook


8.3.3.1.1. By Value





8.3.4. Italy Oleoresins Market Outlook


9

Table of Contents


8.3.4.1.1. By Value





8.3.5. Spain Oleoresins Market Outlook


8.3.5.1.1. By Value





9. North America Oleoresins Market Outlook


9.1.1. By Value


9.2.1. By Source



10

Table of Contents


9.2.4. By Country

9.3. North America: Country Analysis

9.3.1. United States Oleoresins Market Outlook


9.3.1.1.1. By Value





9.3.2. Canada Oleoresins Market Outlook


9.3.2.1.1. By Value





9.3.3. Mexico Oleoresins Market Outlook


11

Table of Contents


9.3.3.1.1. By Value





10. South America Oleoresins Market Outlook


10.1.1. By Value


10.2.1. By Source



10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Oleoresins Market Outlook


10.3.1.1.1 By Value

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Table of Contents



10.3.1.2.1. By Source



10.3.2. Argentina Oleoresins Market Outlook


10.3.2.1.1 By Value


10.3.2.2.1. By Source



10.3.3. Colombia Oleoresins Market Outlook


10.3.3.1.1 By Value


10.3.3.2.1. By Source



11. Middle East & Africa Oleoresins Market Outlook

13

Table of Contents



11.1.1. By Value


11.2.1. By Source



11.2.4. By Country

11.3. Middle East & Africa : Country Analysis

11.3.1. South Africa Oleoresins Market Outlook


11.3.1.1.1. By Value


11.3.1.2.1. By Source



11.3.2. Saudi Arabia Oleoresins Market Outlook


11.3.2.1.1. By Value


11.3.2.2.1. By Source

14

Table of Contents




11.3.3. UAE Oleoresins Market Outlook


11.3.3.1.1. By Value


11.3.3.2.1. By Source



12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Patent Analysis

15. Competitive Landscape

15.1. Competition Outlook

15.2. Company Profiles (Top 10 Players)

16. Strategic Recommendations

17. About Us & Disclaimer

RESEARCH METHODOLOGY

16

Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the global oleoresins

market, overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary

and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the global oleoresins

market.

Data

Collection

Data Filter

& AnalysisResearch &

Intelligence

Actionable

InsightsBusiness

Solution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

17


Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of the global oleoresins market. The team has analyzed the

outlook of various segments of this market, while considering the major influencing factors such as increasing popularity of natural flavours in

processed food and growing awareness towards the benefits of consuming healthy food and supplements., among others. The study includes market

forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global oleoresins

market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive

secondary research and primary surveys, with various key opinion leaders/stakeholders, such as oleoresins companies, suppliers, distributors, market

influencers & end users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 oleoresin companies, 100 – 120 suppliers, 15 – 20 industry experts and other value chain stakeholders in

the global oleoresins market to obtain the overall market size from 2019 to 2019, which was validated by the Delphi technique. Taking standard

deviation into consideration, the market size was averaged out, to arrive at the market size data during 2019-2019.

18


• Respondents were asked about the current and future market growth rates, market shares by source, application, extraction process, by each region,

and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across

various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further

triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shares shares by source, application, extraction process, by each region, and by company were calculated based on the responses received

through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various

segments of oleoresins market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders

after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global oleoresins

market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

19


TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used

the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that

the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD),

with the market size indicated in USD million.

Partial List of Companies Interviewed Key Secondary Sources

▪ Akay Group Ltd.

▪ Synthite Industries Private Ltd.

▪ AVT Naturals

▪ Givaudan

▪ Pt. Indesso Aroma

▪ Vidya Herbs Private Limited

▪ Ungerer & Company

▪ Kancor Ingredients Limited

▪ Plant Lipids

▪ Kalsec Inc.

▪ Gazignaire

▪ Universal Oleoresins

▪ World Bank

▪ TechSci Research Proprietary Database &

Knowledge Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

20

INDUSTRY BRIEF

According to TechSci Research report, “Global Oleoresins Market By Source (Paprika, Capsicum, Seed spices, Turmeric, Herbs, Ginger, Cinnamon & cassia, Others), By Application (Food &

Beverages, Pharmaceutical & Nutraceutical, Personal Care Products, Feed), By Extraction Process (Solvent Extraction, Supercritical Fluid Extraction Process), By Region, Forecast & Opportunities,

2025”, global oleoresins market is expected to witness significant CAGR during the forecast period. Rapid growth in number of Quick Service Restaurants (QSRs) is one of the major factors

accounting for the growth of global oleoresins market. Moreover, increasing awareness pertaining to the side-effects of using synthetic flavors in food items is expected to bode well for the growth of

global oleoresins market through the forecast period. In addition to this, health benefits offered by phytomedicines and herbal extracts, is anticipated to positively influence the growth of global

oleoresins market in the years to come. Also, high demand for oleoresins in the nutraceutical industry are making headway for the growth of global oleoresins market. Along with this, upsurge in

research and development activities in the market are anticipated to positively supplement the market growth during the next five years. However, there are some factors such as stringent regulatory

and approval norms that might act as major impediments to the growth of global oleoresins market through 2025.

Global oleoresins market can be segmented based on source, application, extraction process, company, and region. Considering the application, the market is fragmented into food & beverages,

pharmaceutical & nutraceutical, personal care products and feed. The food & beverages segment dominated the global oleoresins market in terms of largest market share until 2019 and is further

anticipated to maintain its dominance during the forecast years as well, which can be accredited to the fact that oleoresins are widely used in confectioneries and beverages to provide a natural flavor

and fragrance. Moreover, rising awareness among consumers regarding the advantages of consuming products which are rich in natural ingredients like oleoresins, is further anticipated to boost the

growth of segment until 2025. Another important factor contributing to the increased product demand is its lipophilicity property, because of which, food manufacturers can formulate a variety of food

products. Along with that, the formulators are focusing more towards offering halal and kosher certified oleoresins with customized specifications coupled with variety of compound content. In terms

of extraction process, the market is categorized into solvent extraction and supercritical fluid extraction process. Out of these, the solvent extraction segment is forecast to grow at a robust CAGR in

the years to come, owing to low production cost compared to the alternative production methods.

Akay Group Ltd., Synthite Industries Private Ltd., AVT Naturals, Givaudan, Pt. Indesso Aroma, Vidya Herbs Private Limited, Ungerer & Company, Kancor Ingredients Limited, Plant Lipids, Kalsec

Inc., Gazignaire, Universal Oleoresins are among others are the leading players operating in global oleoresins market. The leading players are adopting several growth strategies to enhance the

market scenario of oleoresins.

“North America is forecast to dominate the global oleoresins market during the next five years on account of high consumption of processed food in this region. Furthermore, growing cases of

diseases resulting from consumption of chemical-based and synthetic products is also contributing to the growing trend. Additionally, rising expenditure on plant-derived nutritional & health products

by the key market players is further anticipated to boost the market growth in the region over the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based

global management consulting firm.

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SAMPLE DATA - SNAPSHOT

Global Oleoresins Market Size, By Value (USD Million), 2015-2025F

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

2015 2019 2020E 2025F

By Value (USD Million)

CAGR By Value CAGR By Value

XX% YY%

North America Oleoresins Market Share, By Source, By Value, 2015–2025F

20%20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

10%10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

20%20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

10%10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

Paprika Capsicum Seed Spices Turmeric Herbs Ginger Cinnamon & Cassia Others

United States Oleoresins Market Share, By Extraction Process, By Value, 2015–2025F

50%50%50%50%50%50%50%50%50%50%50%

50%50%50%50%50%50%50%50%50%50%50%

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

Solvent Extraction Supercritical Fluid Extraction

22

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Report Name: GLOBAL OLEORESINS MARKET

FORECAST & OPPORTUNITIES

2015 – 2025

https://www.techsciresearch.com/report/oleoresins-market/4710.html

About Us & Disclaimer

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global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the

market.

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