올레오레진 시장 규모, 점유율, 성장 분석, 제품 유형별, 용도별, 추출 프로세스별, 지역별 - 산업 예측(2024-2031년)

Global Oleoresin Market size was valued at USD 1.53 billion in 2022 and is poised to grow from USD 1.64 billion in 2023 to USD 2.79 billion by 2031, growing at a CAGR of 6.9% during the forecast period (2024-2031).

The global oleoresin market is experiencing robust growth, driven by increasing demand from various sectors, including pharmaceuticals, food and beverage, and healthcare. Oleoresins, semi-solid extracts derived from organic substances and spices worldwide, possess unique properties based on their spice source and are valued for their therapeutic and antioxidant benefits. In 2022, the United States emerged as North America's largest oleoresin market, accounting for over 80% of total revenue, largely attributed to strong consumption in the food, beverage, and pharmaceutical industries. Nutmeg oleoresin is notably prevalent, enhancing flavor and aroma across culinary applications. Additionally, the rising trend of organic foods is expected to open new avenues for organic oleoresins, as consumers increasingly seek natural ingredients. This shift towards organic options aligns with a broader market trend favoring non-volatile products that offer convenience and health benefits. The growing popularity of oleoresins among manufacturers of medications, cosmetics, and flavorings underscores their appeal due to higher non-volatile content compared to essential oils. As the market evolves, companies are poised to capitalize on the diverse applications and benefits of oleoresins, positioning them as essential components in a variety of consumer and industrial products. Overall, the oleoresin market is set to thrive, reflecting both consumer preferences and the expanding boundaries of its applications across multiple industries.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Oleoresin market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Oleoresin Market Segmental Analysis

Global Oleoresin Market is segmented by product type, application, extraction process and region. Based on product type, the market is segmented into paprika oleoresin (food coloring, flavoring agent), black pepper oleoresin (seasoning, medicinal uses), turmeric oleoresin (food additive, pharmaceuticals), capsicum oleoresin (food industry, pharmaceuticals), ginger oleoresin (food industry, medicinal uses) and others (nutmeg, marigold). Based on application, the market is segmented into food & beverages (flavouring, coloring), pharmaceuticals (medicinal formulations, nutraceuticals), cosmetics (skincare products, haircare products), animal feed (nutritional additives, flavor enhancers) and others (industrial uses, household products). Based on extraction process, the market is segmented into solvent extraction (hexane, acetone), supercritical fluid extraction (CO2 extraction) and steam distillation (water distillation, dry distillation). Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Oleoresin Market

The Global Oleoresin market is being driven by a notable increase in consumer interest in health and wellness, leading to a higher demand for natural ingredients in food and beverages. As more individuals become conscious of the benefits of incorporating wholesome and additive-free components into their diets, the inclination towards oleoresins is rising. This trend reflects a broader movement towards clean label products, where consumers seek to know the origins of what they consume. Consequently, manufacturers are responding by integrating oleoresins into their formulations, thereby boosting the market's expansion and aligning with evolving consumer preferences for healthier options.

Restraints in the Global Oleoresin Market

One of the significant restraints affecting the global oleoresin market is the high cost associated with its production. The manufacturing process necessitates the use of specialized equipment and advanced technology, significantly increasing the overall expenses involved. This financial burden can pose challenges for manufacturers, particularly smaller players in the market, as they may struggle to maintain competitive pricing while ensuring quality. Consequently, the elevated costs can lead to reduced demand from buyers, along with restricted market growth and limited accessibility for various applications across sectors. As a result, addressing these financial barriers is crucial for the market's overall expansion and sustainability.

Market Trends of the Global Oleoresin Market

The Global Oleoresin market is witnessing robust growth, fueled by the rising popularity of ethnic cuisines across countries like Italy, India, and China, where unique flavors and natural ingredients draw consumer interest. The trend of substituting traditional flavorings with oleoresins in meat products, especially sausages, underscores this shift. Additionally, the surge in demand for baked goods and confectioneries, coupled with a consumer preference for organic over artificial ingredients, significantly bolsters the market. Oleoresins' advantages-such as heat stability, shelf life, and resistance to microbial contamination-make them attractive to producers of sauces, marinades, and pickles, further propelling industry expansion globally.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2023
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Regulatory Landscape
• Case Studies

Global Oleoresin Market Size by Product Type & CAGR (2024-2031)

• Market Overview
• Paprika Oleoresin
  • Food Coloring
  • Flavouring Agent
• Black Pepper Oleoresin
  • Seasoning
  • Medicinal Uses
• Turmeric Oleoresin
  • Food Additive
  • Pharmaceuticals
• Capsicum Oleoresin
  • Food Industry
  • Pharmaceuticals
• Ginger Oleoresin
  • Food Industry
  • Medicinal Uses
• Others
  • Nutmeg
  • Marigold

Global Oleoresin Market Size by Application & CAGR (2024-2031)

• Market Overview
• Food & Beverages
  • Flavouring
  • Coloring
• Pharmaceuticals
  • Medicinal Formulations
  • Nutraceuticals
• Cosmetics
  • Skincare Products
  • Haircare Products
• Animal Feed
  • Nutritional Additives
  • Flavour Enhancers
• Others
  • Industrial Uses
  • Household Products

Global Oleoresin Market Size by Extraction Process & CAGR (2024-2031)

• Market Overview
• Solvent Extraction
  • Hexane
  • Acetone
• Supercritical Fluid Extraction
  • CO2 Extraction
• Steam Distillation
  • Water Distillation
  • Dry Distillation

Global Oleoresin Market Size & CAGR (2024-2031)

• North America, (Product Type, Application, Extraction Process)
  • US
  • Canada
• Europe, (Product Type, Application, Extraction Process)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Product Type, Application, Extraction Process)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Product Type, Application, Extraction Process)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Product Type, Application, Extraction Process)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Synthite Industries Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kancor Ingredients Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Universal Oleoresins (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Plant Lipids (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Akay Group Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• AVT Natural Products Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ozone Naturals (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Givaudan (Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kalsec Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ungerer & Company (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Naturex (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dohler Group (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• PT Indesso Aroma (Indonesia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Vidya Herbs Pvt. Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Paprika Oleo's India Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Asian Oleoresin Company (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Jean Gazignaire S.A. (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Botanic Health Care Pvt. Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Arjuna Natural Extracts Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Bioprex Labs (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation