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Oleoresins Market Trends

Report ID: GMI6439
Published Date: Aug 2023
Report Format: PDF

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Oleoresins Market Trends

Consumer increasing preference for natural and clean label products has driven the demand for oleoresins. As natural extracts derived from spices and herbs, oleoresins align with the clean label trend, offering a more recognizable and transparent ingredient option for food and beverage manufacturers. The growing focus on health and wellness has led to increased interest in the potential health benefits of oleoresins. Certain oleoresins, such as turmeric, rosemary, and black pepper, are rich in bioactive compounds with antioxidant and anti-inflammatory properties, making them attractive for functional foods, nutraceuticals, and dietary supplements. Thus, the growing prevalence is expected to expedite the market expansion.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Oleoresins industry share was worth USD 1.8 billion in 2023 and is projected to reach USD 3.2 billion by 2032, driven by increasing application in the food and beverage sector worldwide.

Spice oleoresins market recorded USD 0.5 billion in 2022 and is expected to witness high demand through 2032 owing to increasing usage of spices, such as Paprika oleoresin, Black pepper oleoresin in the food industry.

U.S. oleoresins industry generated USD 0.4 billion in revenue in 2022 and is anticipated to record significant growth through 2032 owing to the growing consumer preference for clean label and natural ingredients in the region.

Some of the top companies in the oleoresins industry are Synthite Industries Ltd., Universal Oleoresins, Vidya Herbs Private Ltd., Kancor Ingredients Ltd., Plant Lipids, AVT Natural Products Ltd., Akay Group, Givaudan, India Essential Oils, Shaanxi Jiahe Phytochem Co., Ltd., and Robertet Group