Oleoresin Market, By Product (Capsicum, Black Pepper, Turmeric, Paprika, Garlic, and Ginger), By Application (Food & Beverages, Pharmaceuticals, and Flavours) and Geography (NA, EU, APAC, and RoW) Analysis, Share, Trends, Size, & Forecast from 2014 2025
REPORT HIGHLIGHT
The oleoresins market was valued at USD 468.2 million by 2017, growing with 4.8% CAGR during the forecast period, 2018-2025
Market Dynamics
Oleoresins are the highest form of concentrated product that is obtained from solvent extraction from a particular plant. This maybe herbs and spices most commonly. They are ground and then extracted using various organic solvents. The end product thus obtained is known to have application in various categories such as a colorant, as flavour imparting. It can be used to various applications across the varied industries like Food, pharma and in personal care ingredients. Since it is the concentrated form the original spice, it is much more beneficial in terms of transportation, packaging and shelf life as compared to the original source spice.
The major driver of the industry is its growing applications in the food and beverage industry. Oleoresins find applications in beverages, noodles, sauces, gravies, canned products and poultry products. Due to its ease of use and form, it is ideal for export conditions as well. Generally, the shelf life of raw spices is very limited to a few months as opposed to the shelf life of oleoresins being higher, up to a few months. In recent years, the increased awareness towards health foods and ethnic diets has also given this industry a push in terms of revenue generation. On contrary, fluctuation in raw material prices is expected to hamper the industry growth to some extent. A lot of factors that are closely involved with the price fluctuation include the crop cycles, weather conditions and others.
Product Takeaway
The major product categories when it comes to oleoresins are capsicum, black pepper, turmeric, paprika and garlic. Paprika, for instance, has a wide variety of application in food seasonings, food coating systems or dressings & dips and other dry soluble seasoning products. Based on Economic Time’s article, 2013, over 60% of the market for paprika oleoresins is dominated by India, followed by China. The increasing use of pepper spray has accelerated the global requirement for capsicum oleoresin which is among the key drivers of the pepper spray industry.
Application takeaway
Flavours are one of the most common application when it comes to the oleoresin industry. This application captured over 35% share of the global Oleoresin market. Pharmaceutical application is growing with highest growth rate owing to the increasing use of turmeric variant in this industry. The Asian Journal of Pharmaceutical Science and Technology stated that turmeric oil is widely used in pharmaceutical applications owing to its associated benefits such as anti-mutagenic, antioxidant and anti-carcinogenic properties. It also shows relief against depression, anxiety and others. Besides this, extracts is also widely used for treatment against back pain, joint pains and even cancer. The pepper oleoresin for instance is used in market such as arthritis treatment. According to a report in Arthritis Foundation (athrirtis.org), a German study concluded that joint pain decreased by nearly 50% by using 0.05% of capsaicin cream.
Regional Takeaway
Geographically, Europe accounted for the highest revenue share of the global oleoresin market. However, Asia Pacific region is growing with the fastest growth rate owing to the increasing investment by key players in region coupled with rising product demand from end-users. As per the Economic Times (2013), four companies based in Kerala control more than 85% of India’s 2,000-crore spice oleoresin industry. Thus it is well established that this region is a growing one.
Key Market Players
Companies such as Synthite, Akay, Paprika Oleo’s, Ltd., Universal Oleoresin, GurjarPhytochem Private Ltd., Manohar Botanical Extracts Pvt, Plant lipids, Indo World, and Naturite Agro Products Ltd. are known for their presence in this industry. Kancor ingredients were one of the first entrants on the market, followed by Synthite and Plant Lipids. In the last few years, it has been noted that South America, East Europe and several Asian countries are the major buyers of the product.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 & 2016
- Base Year – 2017
- Estimated Year – 2018
- Projected Year – 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies and Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
- Capsicum
- Black Pepper
- Turmeric
- Paprika
- Garlic
- Ginger
- Others
MARKET, BY APPLICATION
- Food & Beverages
- Pharmaceuticals
- Flavors
- Others
MARKET, BY REGION
- North America
- U,S.
- Canada
- Europe
- Germany
- France
- Rest of Europe
- Asia Pacific
- India
- China
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
TABLE OF CONTENT
1. OLEORESIN MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. OLEORESIN KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. OLEORESIN INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. OLEORESIN MARKET LANDSCAPE
5.1. Market Share Analysis
6. OLEORESIN MARKET – BY PRODUCT
6.1. Overview
6.2. Capsicum
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. Black Pepper
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4. Turmeric
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.5. Paprika
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.6. Garlic
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.7. Ginger
6.7.1. Overview
6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.8. Others
6.8.1. Overview
6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. OLEORESIN MARKET – BY APPLICATION
7.1. Overview
7.2. Food & Beverages
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. Pharmaceuticals
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. Flavors
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5. Others
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. OLEORESIN MARKET– BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.3. U.S.
8.2.3.1. Overview
8.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.4. Canada
8.2.4.1. Overview
8.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3. Europe
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.3. France
8.3.3.1. Overview
8.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.4. Germany
8.3.4.1. Overview
8.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.5. Rest of Europe
8.3.5.1. Overview
8.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.3. China
8.4.3.1. Overview
8.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.4. India
8.4.4.1. Overview
8.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.5. Rest of APAC
8.4.5.1. Overview
8.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.3. Latin America
8.5.3.1. Overview
8.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.4. Middle East and Africa
8.5.4.1. Overview
8.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9. KEY VENDOR ANALYSIS
9.1. Synthite
9.1.1. Company Overview
9.1.2. SWOT Analysis
9.1.3. Key Developments
9.2. Akay
9.2.1. Company Overview
9.2.2. SWOT Analysis
9.2.3. Key Developments
9.3. Paprika Oleo’s, Ltd.
9.3.1. Company Overview
9.3.2. SWOT Analysis
9.3.3. Key Developments
9.4. Universal Oleoresin
9.4.1. Company Overview
9.4.2. SWOT Analysis
9.4.3. Key Developments
9.5. GurjarPhytochem Private Ltd.
9.5.1. Company Overview
9.5.2. SWOT Analysis
9.5.3. Key Developments
9.6. Manohar Botanical Extracts Pvt
9.6.1. Company Overview
9.6.2. SWOT Analysis
9.6.3. Key Developments
9.7. Plant Lipids
9.7.1. Company Overview
9.7.2. SWOT Analysis
9.7.3. Key Developments
9.8. Indo World
9.8.1. Company Overview
9.8.2. SWOT Analysis
9.8.3. Key Developments
9.9. Naturite Agro Products Ltd.
9.9.1. Company Overview
9.9.2. SWOT Analysis
9.9.3. Key Developments
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. Abbreviations
11.3. Disclaimer
11.4. Contact Us
List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Oleoresin Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Oleoresin Market, by Product, 2014 – 2025 (USD Billion)
Table 11 Oleoresin Market, by Application, 2014 – 2025 (USD Billion)
Table 12 Oleoresin Market, by Geography, 2014 – 2025 (USD Billion)
Table 13 North America Oleoresin Market, 2014 – 2025 (USD Billion)
Table 14 U.S. Oleoresin Market, 2014 – 2025 (USD Billion)
Table 15 Canada Oleoresin Market, 2014 – 2025 (USD Billion)
Table 16 Europe Oleoresin Market, 2014 – 2025 (USD Billion)
Table 17 France Oleoresin Market, 2014 – 2025 (USD Billion)
Table 18 Germany Oleoresin Market, 2014 – 2025 (USD Billion)
Table 19 Asia Pacific Oleoresin Market, 2014 – 2025 (USD Billion)
Table 20 China Oleoresin Market, 2014 – 2025 (USD Billion)
Table 21 India Oleoresin Market, 2014 – 2025 (USD Billion)
Table 22 Latin America Oleoresin Market, 2014 – 2025 (USD Billion)
Table 23 MEA Oleoresin Market, 2014 – 2025 (USD Billion)
List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Oleoresin Market, by Product, 2014 – 2025 (USD Billion)
Figure 6 Oleoresin Market, by Application, 2014 – 2025 (USD Billion)
Figure 7 Oleoresin Market, by Geography, 2014 – 2025 (USD Billion)
