(Food-Beverage-News.Com, October 23, 2020 ) The report "Oleoresins Market by Source (Paprika, Capsicum, Seed spices, Turmeric, Herbs, Ginger, Cinnamon & cassia), Application (Food & Beverages, Pharmaceutical & Nutraceutical, Personal Care Products, Feed), Extraction Process, and Region - Global Forecast to 2025" According to MarketsandMarkets, the oleoresins market is estimated to be valued at USD 1.2 billion in 2019 and is projected to reach USD 1.7 billion by 2025, recording a CAGR of 6.0% from 2019 to 2025. The rapidly growing demand for natural flavors in the food & beverage industry and the wide application of oleoresins in various other industries such as pharmaceuticals, personal care, and feed sectors are some of the key factors driving the growth of the market.
By source, the oleoresins market is segmented into paprika, capsicum, seed spices, ginger, turmeric, cinnamon & cassia, herbs, and others. Some of the key oleoresins are extracted from the seeds of plants such as black pepper, cardamom, cumin, mustard, nutmeg, and fenugreek. Black pepper oleoresins are one of the majorly used oleoresins and find applications in hard and soft candies, chewing gums, baked products, ice creams, dairy products, alcoholic beverages, soft drinks, snacks, and canned food products. Besides their use in the food industry, oleoresins from black pepper are also used in the pharmaceutical & nutraceutical industries. Other seed spice oleoresins such as cardamom and fenugreek are also very popular due to their aroma and taste. The increasing number of applications for seed spice oleoresins is driving its market growth.
This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies. It consists of the profiles of leading companies such as 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).
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