Oleoresin Market Size, Share, Global Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Oleoresin Market


The global Oleoresin market size is projected to reach US$ 2.08 billion by 2026, from US$ 1.58 billion in 2020, at a CAGR of 4.7% during 2021-2026. Rising consumption of processed meat, confectionary, and baked food products is likely to boost the demand for oleoresin as a food flavoring agent. Demand for food additives and increasing number of multi-cuisine restaurants across the globe will also boost product consumption over the forecast timeframe.
Paprika oleoresin finds application in food industry owing to its unique coloring properties and differentiating pungent taste. It is widely utilized in emulsified processed meats, sweets, sauces, spice mixtures, orange juice, and cheese. Europe is among the major markets for paprika oleoresin.

Rising gastrointestinal diseases are expected to increase the product demand due to its anti-inflammatory and anti-oxidant properties. Chilli oleoresins are also used in pharmaceutical applications due to their analgesia, antioxidant, anti-cancer and anti-inflammation features. They help in reducing the free radicals in human body.
In addition, the product extracted from dried berries plant stimulates the appetite and also provides relief from nausea, dysentery, and dyspepsia. Owing to its anti-inflammatory and insecticidal properties, the product acts as a nervous system depressant and also assists in controlling fever and pain.

Market Segmentation, Outlook & Viewpoint: Global Oleoresin Market

Product Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  
Paprika
  
Black Pepper
  
Capsicum
  
Turmeric
  
Ginger
  
Garlic
  
Onion
  
Others

Application Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  
Food & Beverages
  
Flavors
  
Pharmaceuticals
  
Others

Key Players, Recent Developments & Regional Insights: Global Oleoresin Market

Black pepper is widely utilized in food products owing to its pungent taste and spicy aromatic properties. Black pepper oleoresin is generally prepared from ethanolic extraction combined with a small proportion of dried ground black pepper. Rising demand for this product owing to its antioxidant & antimicrobial properties is expected to positively affect the overall oleoresin market over the forecast period. Capsicum is widely sold across the developed countries of Europe and America owing to its demand as a food supplement.

In addition, wide application in pharmaceutical is expected to further fuel the market growth over the forecast timeframe. The product is likely to witness a significant growth in demand over the forecast period owing to its inclusion in the Italian positive list. India is one of the major manufacturers and exporters of turmeric oleoresins. High demand for turmeric oleoresin in cosmetics and personal care sectors is projected to drive market in Asia Pacific.

Turmeric oleoresins are widely utilized in healthcare industry to treat several skin diseases. Onion is used as a flavoring agent in canning industry mainly for pickles, meat sauces, seasonings, and alcoholic as well as soft drinks. The rising application of onion oleoresins in food & beverage is propelling the market growth. The growing food & beverages sector, especially in Asia Pacific, is predicted to boost the market.

Application Insights

One of the important factors contributing to the increasing product demand is its lipophilicity property, which allows food manufacturers to formulate a variety of food products. Formulators are focused on offering halal and kosher certified oleoresins with customized specifications (including color, physical appearance, and absorbency ratio) along with a variety of compound content. Burgeoning demand from food & beverage industry for the use of natural colors and flavors is projected to bolster the product demand.

Rising consumer awareness regarding the health benefits associated with the product has prompted pharmaceutical manufacturers to focus on the incorporation of oleoresin extracts for formulating drugs. The various health benefits of the product coupled with increased product demand for drug formulations are factors projected to drive the market over the forecast period.

Berry oil oleoresin that is manufactured in small quantities contains glycerol laurate and finds extensive application in perfumery. The pungent smell of the product has increased the scope of their application in perfumery industry.

Regional Insights

In 2018, North America emerged as the second-largest market due to high product demand from various end-use industries, such as food & beverage, pharmaceutical, and cosmetics. Oleoresins including paprika, black pepper, and ginger are extensively utilized as coloring and flavoring agents in food & beverage sector.

Turmeric oleoresins find large-scale utilization in healthcare sector for treating various skin diseases. Growing consumer awareness regarding the various health benefits associated with oleoresin-infused products is projected to drive the market in this region.

Various end-use industries in Europe such as personal care & cosmetics, perfumery, and pharmaceutical extensively incorporate oleoresins in their products. Austria, U.K., Germany, Belgium, and Spain are some of the major importers in Europe. Shifting consumer preference toward ethnic food and ascending product demand in healthcare applications are expected to emerge as the major factors driving the market in this region.

Oleoresin Market Share Insights

Major companies have established their dominance in the market by higher integration throughout the value chain. These companies also have long-term contracts with raw material suppliers as well as research institutes for product innovation. Companies are focusing on increasing their production capacities by expanding their operations to different regions.

The key companies in the market are Universal Oleoresins, Ungerer & Company, Akay, Synthite, AVT Natural Products Limited (AVT NPL), Indo World, Paprika Oleos, Paras Perfumers, Manohar Botanical Extracts Pvt. Ltd., Ambe Group, Gurjar Phytochem Pvt. Ltd., MRT Organic Green Products, Nature Plus Herbal Cosmetics, Cymbio Pharma Pvt. Ltd., All-Season Herbs Pvt. Ltd., Asian Oleoresin Company, Bioprex Labs, TMV Group, Plant Lipids, Ozone Naturals and Hawkins Watts.

Key Insights Covered: Global Oleoresin Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Oleoresin industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Oleoresin industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Oleoresin industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Oleoresin industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Oleoresin industry.

Research Methodology: Global Oleoresin Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other