Global Oleoresins Market

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Oleoresins Market reach at 2.4 Bn by 2026 at a
CAGR of 9.1 during 2016-2026 "Global
Oleoresins Market by growth Significantly,
Additionally, Key players' technological
advances in most regions have resulted in high
demand for Oleoresins products." The rising trend
in the use of natural flavors in processed food
and a growing number of QSRs has led to an
increase in oleoresin demand. The increase in
awareness of the side effects of synthetic
flavors and health benefits offered by
phytomedicines and herbal extracts has driven
the market's growth significantly. Additionally,
key players' technological advances in most
regions have resulted in high demand for
Oleoresins products. The Global Oleoresins Market
was valued at USD 1.1 billion in 2018 and is
expected to reach USD 2.4 billion in 2026,
growing at a CAGR of 9.1 during the forecast
period. Get Free Sample Report with Tables
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-request/261 Oleoresins ability to impart
exotic flavors and superior solubility
characteristics, oleoresins are commonly used in
food beverage as well as in the personal care
products industry. The product is the best
alternative for whole ingredients and has several
uses, such as preparations for jellies and jams,
milk, butter, pickles and meat preparations as a
coloring agent, frozen food, dessert, and
others. Increasing consumption of processed meat,
chocolate, and baked food products is likely to
increase demand for oleoresin as a food flavoring
agent. Demand for food additives and a growing
number of multi-cooking restaurants around the
globe will also fuel consumer consumption over
the period projected. Also, increasing demand
from the food beverage industry, the
pharmaceutical industry, and others for exotic
food flavors and efficient natural coloring
agents contribute positively to the growth of the
oleoresin market. By source segment, the paprika
oleoresin segment dominate the Oleoresins market
accounting 40 market share. Based on the source,
the global Oleoresins Market has been segmented
into paprika, turmeric, herbs, ginger, and
others. Due to the increased use of paprika
oleoresin as a coloring and flavoring agent in
the processed food industry, which is
experiencing continuous growth across the globe,
Paprika product segment is expected to experience
crucial growth over the forecast period. It is
commonly used in dried emulsified foods, sweets,
sauces, mixtures of spices, orange juice, and
cheese. Europe is one of the largest paprika
oleoresin markets. For Other Requirement_
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Based on application, the food beverages
segment grows at the fastest rate of CAGR at 11
during the forecast period
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Based on the application, the market has been
segmented into food beverages, pharmaceutical
nutraceutical, personal care products, and
other application. Due to changing consumer
preferences, rising demand for specialty food
ingredients as well as organic food ingredients
is expected to increase oleoresins production.
The use of oleoresins in the manufacture of
baked food products and processed food is
expected to further support the growth of the
segment during the forecast years due to their
increased consumption worldwide. North American
region to dominate the Oleoresins market
throughout the forecast period North America
accounted for nearly 44 share of the global
oleoresins market in 2018 and is expected to
dominate the market throughout the forecast
period. This is attributed to this region's high
consumption of processed food, which
inadvertently leads to increased demand for
oleoresins. Oleoresins such as paprika, black
pepper and ginger are widely used in the food
beverage sector as coloring and flavoring agents.
In Europe, various end-use industries, such as
personal care cosmetics, perfumery and
pharmaceutical, incorporate oleoresins
extensively into their products. Austria, the
United Kingdom, Germany, Belgium and Spain are
some of Europe's major importers. Company
Profiles and Competitive Intelligence The major
players operating in the global Oleoresins Market
are Akay Group (India), Synthite Industries Pvt.
Ltd. (India), AVT Naturals (India), Givaudan
(Switzerland), PT Indesso Aroma (Indonesia),
Vidya Herbs Private Limited (India), Ungerer
Company (US), Kancor Ingredients Ltd. (India),
Plant Lipids (India), Kalsec Inc.(US), Gazignaire
(France), and Universal Oleoresins
(India). Continue..... More Clear Details Make
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