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Paprika Oleoresin Market Share

Report ID: GMI7878
Published Date: Jan 2024
Report Format: PDF

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Paprika Oleoresin Market Share

The paprika oleoresin industry is moderately fragmented, with a mix of large global players, regional players, and niche companies. The top five companies (Synthite Industries Ltd., Kalsec Inc., Ungerer & Company, Plant Lipids, Akay Group Ltd.) likely hold around 70-75% of the market share, leaving the remaining majority to smaller players catering to specific regions, product types, or customer segments. Competition is intense, with companies employing various strategies like bulk discounts, loyalty programs, and contract agreements to secure market share.

Paprika Oleoresin Market Companies

Major companies operating in the paprika oleoresin industry include:

Synthite Industries Ltd.
Kalsec Inc.
Ungerer & Company
Plant Lipids
Akay Group Ltd.
Vinayak Ingredients (India) Pvt. Ltd.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of paprika oleoresin reached USD 158.7 million in 2023 and is set to witness 7.8% CAGR from 2024 to 2032, owing to diverse application in the food sector due to its vibrant red color and distinct flavor profile.

Conventional paprika oleoresin industry size was USD 96.4 million in 2023, attributed to its longstanding presence, cost-effectiveness, and established supply chains.

North America market dominated around USD 44.4 million in revenue in 2023, due to the widespread use in the food and beverage industry of the region.

Synthite Industries Ltd., Kalsec Inc., Ungerer & Company, Plant Lipids, Akay Group Ltd., and Vinayak Ingredients (India) Pvt. Ltd. are some of the major paprika oleoresin companies worldwide.