Oleoresin Market witnessed the fastest growth rate of 6.9% from 2022 to 2030.

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Growing demand from healthcare, pharmaceutical, food, and beverage industries are driving forces of the global oleoresin market.

Oleoresin Industry Overview

The global oleoresin market size was valued at USD 1.43 billion in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 6.9% from 2022 to 2030.

 

Growing demand from healthcare, pharmaceutical, food, and beverage industries are driving forces of the global oleoresin market. Oleoresins are made from varied ingredients and spices, which are found all around the world. It is usually found in semi-solid extract form. A variety of oleoresins has multiple characteristics based on the spice they are derived from. They exhibit numerous therapeutic as well as antioxidant properties as well and are utilized in the pharmaceutical, healthcare, food, and beverage industries.

 

Gather more insights about the market drivers, restrains and growth of the Global Oleoresin Market

 

The U.S. is the largest market for oleoresins in North America contributing to a revenue share of more than 80% in 2021. This high consumption of the product in the U.S. is attributable to high demand from the food, beverage, and pharmaceutical industries. The most extensively consumed oleoresin product is nutmeg oleoresin. It is utilized widely in the food and beverage industry as an additive for the enhancing flavor and fragrance of the product.

Moreover, increasing consumption of organic food beverages has bolstered the demand for organic spices, which, in turn, is likely to create ample growth opportunities for organic oleoresins in food beverage applications. Consumers opt for convenience products that have more non-volatile content. Oleoresins have a high content of non-volatile matter as compared to essential oils and are thus gaining popularity among the manufacturers of pharmaceuticals, cosmetics, and flavors fragrances.

 

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Key Companies Profile

Some prominent players in the global oleoresin market include

  • Chenguang Biotech Group Co. Ltd.
  • Kancor Ingredients Ltd.
  • Kalsec Inc.
  • Universal Oleoresins
  • Givaudan
  • Akay Group Ltd.
  • Synthite Industries Ltd.
  • AVT
  • Indo-World
  • Paprika Oleo's India Limited
  • Paras Perfumers
  • Manohar Botanical Extracts Pvt. Ltd.
  • Naturite Agro Products Ltd
  • MRT GREEN PRODUCTS

 

Order a free sample PDF of Oleoresin Market Intelligence Study, published by Grand View Research.

 

 

 

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