Growth opportunities and latent adjacency in Oleoresins Market

The rise in awareness regarding the side-effects of synthetic flavors and health benefits offered by phytomedicines and herbal extracts have significantly driven the growth of the oleoresins market.

(EMAILWIRE.COM, February 27, 2020 ) According to MarketsandMarkets, the global 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. Factors such as the increasing awareness about the side-effects of synthetic flavors and health benefits associated with natural extracts are projected to drive the growth of the oleoresins market during the forecast period.

Leading players profiled in this report include:
• 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)

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=50554584

By source, the paprika segment is accounted for the largest share

The paprika segment accounted for a major share in the global oleoresin market, on the basis of source, in 2018. Due to the growing imports of paprika from the European and North American countries, the demand for paprika-based oleoresins has also increased. The increasing application of paprika oleoresins as a natural food ingredient and coloring agent makes it a preferred choice for food manufacturers over raw paprika. Moreover, increasing awareness about the benefits of food products with low salt levels is projected to drive the growth of the paprika segment in the oleoresins market during the forecast period.

By application, the pharmaceuticals & nutraceuticals segment in the oleoresins market is projected to grow at the highest CAGR during the forecast period

Based on application, the oleoresins market is segmented into food & beverages, pharmaceuticals & nutraceuticals, personal care products, and feed. The increasing consumer preference for natural medicines has led to the increasing use of oleoresins in the pharmaceuticals segment. The changing consumer lifestyles, aging population, and awareness regarding the health benefits of natural products are factors projected to drive the demand for oleoresins as a raw material in nutraceutical products.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=50554584

Asia Pacific is projected to be the fastest-growing oleoresins market, due to the high availability of raw materials and required ecological conditions for the growth of plants used for oleoresin extraction

The oleoresins market in the Asia Pacific region is majorly driven by the increasing demand for natural plant-based products, due to factors such as the rising awareness about the health benefits of oleoresins, enhanced shelf life of oleoresins as compared to raw spices, better dietary choices, and high demand for natural flavors in the food & beverage industry. The growing awareness about the side-effects of synthetic products has encouraged manufacturers to invest in the production of end products that contribute to the nutritive health of consumers. India is one of the major producers of oleoresins for various applications across regions. However, China is also witnessing an increase in the production of oleoresin products that are offered at lower costs, due to which the country is a major importer of oleoresins. The global oleoresins market is segmented region-wise, with a detailed analysis of each region. These regions include North America, Europe, Asia Pacific, and RoW (South America and the Middle East & Africa).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441