The global oleoresins market size is expected to reach USD 2,791.65 million by 2032, according to a new study by Polaris Market Research. The report "Oleoresins Market Share, Size, Trends, Industry Analysis Report, By Product (Paprika, Black Pepper, Capsicum, Turmeric, Ginger, Garlic, Onion, Seed Spice, Herbs, and Others); By Extraction Process; By Application; By Region; Segment Forecast, 2023-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising preference for natural and organic ingredients with better shelf-stable nature and more natural flavor profiles making the manufacturers of food more inclined towards their utilization, coupled with the surging popularity of clean label products and huge demand for feed phytomedicines and feed phytogenic worldwide, is anticipated to drive the global market.
The use of oleoresins is now not limited to food and beverages, but they are also being started to be used in pharmaceuticals, personal care products, and industrial applications. As the demand for natural and sustainable products grows in these industries, oleoresins are also expected to increase and present significant opportunities for manufacturers to introduce new products.
For instance, in June 2022, Specnova unveiled its new high-potency, organic, and fermented ginger extract that provides concentrated doses of bioactive ingredients and comes with a recommended daily dose of 75-125 mg. The ingredients in tested for the purity and potency of the phenolic compounds by lipid mass spectrometry.
Moreover, the rising proliferation of nanoencapsulation across the involves encapsulating oleoresins in nanoparticles, which protects them from degradation and improves their stability and also the bioavailability of oleoresins, making them more effective in pharmaceutical and nutraceutical applications and pushing the market forward.
Initially, the traditional method of extracting oleoresins involved using solvents like hexane, acetone, or ethanol, which harm humans and the environment. However, newer techniques like supercritical fluid and subcritical water extraction are gaining popularity due to their environmental friendliness and ability to preserve the quality of the oleoresins and being widely adopted among health-conscious consumers.
Oleoresins Market Report Highlights
Black pepper segment accounted for largest market share in 2022, on account of rapid increase in the use of product in food & beverage sector as a flavoring agent and additive
Supercritical fluid extraction segment held the maximum market share in 2022, mainly due to rising prevalence as a crucial method for direct coupling with several chromatographic techniques
Pharmaceutical segment is expected to grow at a significant CAGR during the study period, that is mainly driven by increasing investment by major pharmaceutical companies on R&D activities
Europe region dominated the global market for oleoresins in 2022, owing to continuous advances in the extraction technologies and rising consumer awareness regarding the product beneficial characteristics
The global key market players include: Paprika Oleo's India Limited, MRT Green Products, Plant Lipids, Akay Group, Kancor Ingredients, Universal Oleoresins, Chenguang Biotech Group
Polaris Market Research has segmented the oleoresins market report based on product, extraction process, application, and region:
Oleoresins, Product Outlook (Revenue - USD Million, 2019 - 2032)
- Paprika
- Black Pepper
- Capsicum
- Turmeric
- Ginger
- Garlic
- Onion
- Seed Spice
- Herbs
- Others
Oleoresins, Extraction Process Outlook (Revenue - USD Million, 2019 - 2032)
- Solvent Extraction
- Supercritical Fluid Extraction
Oleoresins, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Food
- Beverages
- Fragrances
- Pharmaceutical
- Nutraceutical
- Others
Oleoresins, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Extraction Processs
- 3.2.1. Primary Extraction Processs
- 3.2.2. Secondary Extraction Processs
4. Global Oleoresins Market Insights
- 4.1. Oleoresins Market - Extraction Process Snapshot
- 4.2. Oleoresins Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing Demand in Pharmaceutical Industry
- 4.2.1.2. Robust Food Additive Demand Growth
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Oleoresin Market COnstricted By higher raw material Prices
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Oleoresins Market Extraction Process Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Oleoresins Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Oleoresins Market, by Product, 2019-2032 (USD Million)
- 5.3. Paprika
- 5.3.1. Global Oleoresins Market, by Paprika, by Region, 2019-2032 (USD Million)
- 5.4. Black Pepper
- 5.4.1. Global Oleoresins Market, by Black Pepper, by Region, 2019-2032 (USD Million)
- 5.5. Capsicum
- 5.5.1. Global Oleoresins Market, by Capsicum, by Region, 2019-2032 (USD Million)
- 5.6. Turmeric
- 5.6.1. Global Oleoresins Market, by Turmeric, by Region, 2019-2032 (USD Million)
- 5.7. Ginger
- 5.7.1. Global Oleoresins Market, by Ginger, by Region, 2019-2032 (USD Million)
- 5.8. Garlic
- 5.8.1. Global Oleoresins Market, by Garlic, by Region, 2019-2032 (USD Million)
- 5.9. Onion
- 5.9.1. Global Oleoresins Market, by Onion, by Region, 2019-2032 (USD Million)
- 5.10. Herbs
- 5.10.1. Global Oleoresins Market, by Herbs, by Region, 2019-2032 (USD Million)
- 5.11. Seed Spice
- 5.11.1. Global Oleoresins Market, by Seed Spice, by Region, 2019-2032 (USD Million)
- 5.11. Others
- 5.11.1. Global Oleoresins Market, by Others, by Region, 2019-2032 (USD Million)
6. Global Oleoresins Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Oleoresins Market, by Application, 2019-2032 (USD Million)
- 6.3. Food
- 6.3.1. Global Oleoresins Market, by Food, by Region, 2019-2032 (USD Million)
- 6.4. Beverages
- 6.4.1. Global Oleoresins Market, by Beverages, by Region, 2019-2032 (USD Million)
- 6.5. Fragrances
- 6.5.1. Global Oleoresins Market, by Fragrances, by Region, 2019-2032 (USD Million)
- 6.6. Pharmaceutical
- 6.6.1. Global Oleoresins Market, by Pharmaceutical, by Region, 2019-2032 (USD Million)
- 6.7. Nutraceutical
- 6.7.1. Global Oleoresins Market, by Nutraceutical, by Region, 2019-2032 (USD Million)
- 6.8. Others
- 6.8.1. Global Oleoresins Market, by Others, by Region, 2019-2032 (USD Million)
7. Global Oleoresins Market, by Extraction Process
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 7.3. Solvent Extraction
- 7.3.1. Global Oleoresins Market, by Solvent Extraction, By Region, 2019-2032 (USD Million)
- 7.4. Supercritical Fluid Extraction
- 7.4.1. Global Oleoresins Market, by Supercritical Fluid Extraction, By Region, 2019-2032 (USD Million)
8. Global Oleoresins Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Oleoresins Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Oleoresins Market - North America
- 8.3.1. North America: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.3.2. North America: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.3.3. North America: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.3.4. Oleoresins Market - U.S.
- 8.3.4.1. U.S.: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.3.5. Oleoresins Market - Canada
- 8.3.5.1. Canada: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.4. Oleoresins Market - Europe
- 8.4.1. Europe: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.4.2. Europe.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.4.3. Europe: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.4.4. Oleoresins Market - UK
- 8.4.4.1. UK: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.4.4.3. UK: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.4.5. Oleoresins Market - France
- 8.4.5.1. France: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.4.5.2. France.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.4.5.3. France: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.4.6. Oleoresins Market - Germany
- 8.4.6.1. Germany: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.4.7. Oleoresins Market - Italy
- 8.4.7.1. Italy: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.4.8. Oleoresins Market - Spain
- 8.4.8.1. Spain: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.4.9. Oleoresins Market - Netherlands
- 8.4.9.1. Netherlands: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.4.10. Oleoresins Market - Russia
- 8.4.10.1. Russia: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.5. Oleoresins Market - Asia Pacific
- 8.5.1. Asia Pacific: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.5.4. Oleoresins Market - China
- 8.5.4.1. China: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.5.4.2. China.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.5.4.3. China: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.5.5. Oleoresins Market - India
- 8.5.5.1. India: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.5.5.2. India.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.5.5.3. India: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.5.6. Oleoresins Market - Malaysia
- 8.5.6.1. Malaysia: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.5.7. Oleoresins Market - Japan
- 8.5.7.1. Japan: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.5.8. Oleoresins Market - Indonesia
- 8.5.8.1. Indonesia: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.5.9. Oleoresins Market - South Korea
- 8.5.9.1. South Korea: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.6. Oleoresins Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.6.4. Oleoresins Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.6.5. Oleoresins Market - UAE
- 8.6.5.1. UAE: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.6.6. Oleoresins Market - Israel
- 8.6.6.1. Israel: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.6.7. Oleoresins Market - South Africa
- 8.6.7.1. South Africa: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.7. Oleoresins Market - Latin America
- 8.7.1. Latin America: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.7.3. Latin America: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.7.4. Oleoresins Market - Mexico
- 8.7.4.1. Mexico: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.7.5. Oleoresins Market - Brazil
- 8.7.5.1. Brazil: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Oleoresins Market, by Application, 2019-2032 (USD Million)
- 8.7.6. Oleoresins Market - Argentina
- 8.7.6.1. Argentina: Oleoresins Market, by Product, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Oleoresins Market, by Extraction Process, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Oleoresins Market, by Application, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Kalsec
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Synthite Industries
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Indo-World
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Paprika Oleo's India
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Paras Perfumers
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Manohar Botanical
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Naturite Agro Products
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. All-Season Herbs
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. MRT Green Products
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Ozone Naturals
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Plant Lipids
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Akay Group
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Kancor Ingredients
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Universal Oleoresins
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Chenguang Biotech
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. TMV Aroma
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development
- 10.17. Givaudan
- 10.17.1. Company Overview
- 10.17.2. Financial Performance
- 10.17.3. Product Benchmarking
- 10.17.4. Recent Development