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

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

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.

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.

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

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

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

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa