Oleoresin Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product (Paprika, Black Pepper, Capsicum, Turmeric, Herbs, Cinnamon, Ginger, Others), By Application (Food And Beverage, Pharmaceuticals And Nutraceutical, Personal Care Products, Feed, Others), And By Geography - Forecasts From 2023 To 2028

The universal oleoresin market is being boosted by increasing demand from the food, beverage, healthcare, and pharmaceutical industries. Oleoresins are formed using a variety of natural resources and spices are originate all over the world. Typically, it derives in the form of a semi-solid extract. Depending on the spice they are created from, various oleoresins have diverse properties. They are utilized in the healthcare, pharmaceutical, food, and beverage segments and validate a variety of medicinal and antioxidant potentials.

Oleoresins can be signified as concentrated spice, herbal, and plant extracts. They vary from essential oils as they comprise both volatile and non-volatile components. Essential oils, spicy ingredients, pigments, fixed oils, and natural antioxidants are oleoresin's prime elements. When convalescing both essential oils and non-volatile substances (such as resins), the solvent abstraction technique is most often utilised. Whereas, the oil is recovered by steam distillation in the next step to get free of the additional solvent. The diverse spices and herbs may entail diverse precise methods. Furthermore, ground-breaking green technologies are being inspected, along with the microencapsulation of these extracts to preserve active ingredients in food.

The progress of the oleoresin market is being determined by the growing demand for traditional foods with recognisable flavours in nations like the United Kingdom, France, India, Germany, Italy, Spain, and the United States. Furthermore, the overview of quick-service restaurants in developing regions as well as the rising use of natural flavouring agents due to an increase in confectionery items, baked goods, and processed meat consumption are driving the market extension. Also, the continuing expansion of oleoresin in numerous end-use sectors, plus the pharmaceutical, cosmetic, personal care industries, and food and beverage, is favourably affecting the development of the oleoresin business.

The growing demand from food manufacturers is a major driver of the market for oleoresin

Due to their unique tastes and the usage of turmeric oleoresin, ethnic cuisines are becoming more popular in nations like Spain, Italy, China, India, Mexico, the United Kingdom, and others. This is enhancing the market growth. The necessity for oleoresins in the food and beverage sector is likewise driven by the amplified demand for confectionary and baked food items as well as the rising preference for organic and natural ingredients over artificial taste or colour. Oleoresins are utilized as components by various huge manufacturers of sauces, marinades, mayonnaise and pickles instead of goods with artificial flavourings.

Oleoresins have a far more extensive shelf life than fresh or dried spices and these are also heat-stable, simple to store, and are not affected by microbial adulteration. The intensifying demand for oleoresins among food and beverage producers all over the world is upsurging market growth.

Increased public understanding of the health advantages of oleoresins can surge growth

The market is expanding as an outcome of increasing consumer information and health awareness. Furthermore, the augmented usage of oleoresin is enhancing the industry's growth due to the increasing demand for products having clean labels. Due to their abundant health advantages and immunity-boosting capabilities, phytomedicines and herbal extracts comprising oleoresin are becoming more and more popular, which is then powering the market's development.

Oleoresin is progressively being used to make sauces, and mayonnaise, among other products, since it may encompass a product's shelf life as well as flavour, which is lubricating the industry's growth. Moreover, the industry is being supported by the rising trend of inculcating natural flavours into several processed foods as individuals become extra conscious of the harmful consequences of synthetic flavours. Additionally, the market is estimated to upsurge during the forecast period due to the expanding usage of oleoresin in the healthcare industry to cure a variety of skin-related illnesses.

Europe is projected to be the prominent market shareholder in the market and is anticipated to continue throughout the forecast period.

The European area is anticipated to hold the top spot in the market. This is a consequence of the food and beverage industry's increasing need for flavourings and colouring agents. The demand from the fragrance, cosmetic, and personal care goods sectors, which have shown a sizable end-use market for oleoresins, is the alternative element driving up demand for the service in the region. The market in this area is anticipated to be significantly prejudiced by the modification in consumer preferences towards traditional cuisines and the increasing use of oleoresins in healthcare applications and treatments.

Growing oleoresin processing facilities through developing economies are likely to drive market expansion. Due to the increased demand for black pepper in industrialised nations in Europe and North America, manufacturers are focused on exports.

Market Key Developments

• In July 2021, The Don Berdahl Center for New Technology was inaugurated, according to a statement from Kalsec Inc. The initiative, which will allow closer customer engagement to supply natural and sustainable food and drinks on demand, cost the corporation more than USD 10 million.
• In March 2021, The introduction of a novel oleoresin was announced by LycoRed Ltd., a company that creates value-added nutrients. The novel oleoresin substance may be utilised in soft gels and is made from the algae Haematococcus Pluvialis.

Oleoresin Market Scope:

Segmentation:

• By Product
  • Paprika
  • Black Pepper
  • Capsicum
  • Turmeric
  • Herbs
  • Cinnamon
  • Ginger
  • Others
• By Application
  • Food and Beverage
  • Pharmaceuticals and Nutraceutical
  • Personal Care Products
  • Feed
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Taiwan
    • Thailand
    • Indonesia
    • Others