Secunderabad Chronicle

Oleoresins Market to Witness Unprecedented Growth in Coming Years

 Breaking News
  • No posts were found

Oleoresins Market to Witness Unprecedented Growth in Coming Years

February 28
21:05 2020
Oleoresins Market to Witness Unprecedented Growth in Coming Years

MarketsandMarkets™
The oleoresins market in North America is projected to witness high growth due to the strong local and export demands. The US is one of the major importers of oleoresins across the globe.

The report Oleoresins Market by Source (Paprika, Capsicum, Seed spices, Turmeric, Herbs, Ginger, Cinnamon & cassia), Application (Food & Beverages, Pharmaceutical & Nutraceutical, Personal Care Products, Feed), Extraction Process, and Region – Global Forecast to 2025″, According to MarketsandMarkets, the oleoresins market is estimated to be valued at USD 1.2 billion in 2019 and is projected to reach USD 1.7 billion by 2025, recording a CAGR of 6.0% from 2019 to 2025. The rapidly growing demand for natural flavors in the food & beverage industry and the wide application of oleoresins in various other industries such as pharmaceuticals, personal care, and feed sectors are some of the key factors driving the growth of the market. 

Oleoresins Market

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=50554584

The growing awareness about the health benefits associated with oleoresins results in increasing industrial applications in the pharmaceuticals & nutraceuticals industries. The anti-inflammatory and antimicrobial nature of oleoresins helps in prevention of chronic diseases, due to which it is becoming popular among consumers. Various spices are known to provide a range of health benefits that makes them an indispensable part of traditional foods and medicines. Oleoresins are available in more concentrated forms of their respective spices, and the growing awareness regarding their benefits are factors driving their demand across industries. According to a study by the Nutrition Foundation of India, oleoresins are increasingly used to prevent chronic diseases in pharmaceutical applications due to their antioxidant and anti-inflammatory properties. Oleoresins increasingly find applications as a counterirritant, antiseptic, and rubefacient. In addition, oleoresins of dried berries are also used to improve digestive health and provide relief from nausea, dysentery, and dyspepsia.

The formulation of oleoresins from chili plant such as paprika and capsicum is very common. They are used in pharmaceutical applications due to their analgesic, antioxidant, and anti-inflammation features; chili oleoresins (oleoresins extracted from paprika and capsicum) are also being studied for anti-carcinogenic effects. According to CBI (Ministry of Foreign Affairs), the paprika segment accounted for nearly 25% share in the total oleoresin market, in terms of value, in 2015. Moreover, one-third of the Indian oleoresin production is derived from paprika. The increased demand for paprika oleoresin in the market is due to the increasing inclination of consumers toward natural food extracts with coloring properties.

The Asia Pacific oleoresins market is projected to have higher growth potential in the coming years. Chilies such as paprika and capsicum are the major spices that are used in cuisines in Asia. The growing food and beverage industry and the increasing consumer preference for diets that includes natural flavors and fragrances are factors projected to drive the growth of the oleoresin market in the region. With the rising middle-class population in developing Asian countries, growing disposable income of the consumers, and imports of oleoresin products offered at lower prices from China to other Asian countries are key factors projected to drive the growth of the oleoresins market in the region.

Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=50554584

Key players in this market include Akay Group (India), Synthite Industries Pvt. Ltd. (India), AVT Naturals (India), Givaudan (Switzerland), PT Indesso Aroma (Indonesia), Vidya Herbs Private Limited (India), Ungerer & Company (US), Kancor Ingredients Ltd. (India), Plant Lipids (India), Kalsec Inc.(US), Gazignaire (France), and Universal Oleoresins (India).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Sanjay Gupta
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/oleoresins-market-50554584.html