Oleoresins Market Size Worth $2,791.65 Million By 2032 | CAGR: 6.3%

The Oleoresins Market is a segment of the food and beverage industry that focuses on the production, distribution, and application of natural flavor and color extracts derived from spices, herbs, and other botanical sources. Oleoresins are concentrated liquid extracts obtained through solvent extraction or steam distillation processes, capturing the essential flavor, aroma, and bioactive compounds of the original plant material.

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.

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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.

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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

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Polaris Market Research has segmented the oleoresins market report based on product, extraction process, application, and region:

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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
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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