Oleoresins Market Poised for $2.49 Billion Valuation by 2031

 

Meticulous Research®—a leading global market research company, published a research report titled, 'Oleoresins Market Size, Share, Forecast, & Trends Analysis by Source (Spices {Paprika, Black Pepper, Turmeric}, Capsicum, Marigold, Garlic), Extraction Process (Solvent Extraction), Application (Food and Beverages, Pharmaceuticals) - Global Forecast to 2031.'

Download Free Sample Report@ https://www.meticulousresearch.com/download-sample-report/cp_id=5909?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=29-08-2024


The latest analysis from Meticulous Research® anticipates that the oleoresins market will reach a valuation of $2.49 billion by 2031, expanding at a CAGR of 4.9% from 2024 to 2031. This growth is largely driven by the rising demand for oleoresins in the food and beverage, and pharmaceutical sectors, as well as the growing popularity of natural colors, flavors, and ethnic cuisines. However, the market's growth may be tempered by the volatility of raw material prices and the high availability of substitute products.

Despite potential challenges, including high production costs and stringent regulatory hurdles, the market presents new opportunities. The increasing demand for natural and organic food products, the rise of vegan beauty products, and the expanded use of oleoresins in animal feed are expected to drive growth.

The market is currently influenced by trends such as the growing adoption of clean-label products and the rising demand for self-care and grooming solutions.

Key Players: The oleoresins market is moderately competitive, featuring major players such as Synthite Industries Ltd. (India), Kalsec Inc. (U.S.), Symrise AG (Germany), Universal Oleoresins (India), Ozone Naturals (India), Givaudan SA (Switzerland), Akay Natural Ingredients Private Limited (a subsidiary of Oterra A/S) (India), Mane Kancor Ingredients Private Limited (India), Paprika Oleos [India] Ltd (India), Plant Lipids Private Limited (India), AVT Natural Products Limited (India), Henry Lamotte Oils GmbH (Germany), Vidya Herbs Pvt Ltd. (India), Extractos Vegetales S.A. (EVESA) (Spain), and Rüther Gewürze GmbH (Germany).

Market Segmentation:

Source: The market is segmented by source, including spices, capsicum, marigold, garlic, onion, herbs, and others. The spices segment is projected to hold the largest share at 44.6% in 2024, driven by their extensive use in flavoring, coloring, and health supplement applications across various industries.

Application: The application segments include food and beverages, cosmetics and personal care, pharmaceuticals and nutraceuticals, animal feeds, and others. The food and beverages segment is expected to dominate the market in 2024 with a 36.1% share, primarily due to the increasing use of natural or organic ingredients and the benefits oleoresins offer in enhancing the flavor and aroma of food products.

Geographic Review: The report offers a detailed analysis of the market across major regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe is anticipated to lead the market with a 34.5% share in 2024, supported by the growing demand for natural ingredients in food, strict food safety regulations, and a shift toward ethnic cuisines. The market growth in Europe is also driven by a rising preference for vegan cosmetics and health and wellness products.

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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