Oleoresins Market has Gained Momentum Globally Due to Growing Instances of Diseases Caused by Synthetic and Chemical-Based Products

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% during the forecast period. The increasing demand for natural products and increasing industrial application of oleoresins in different sectors.

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Oleoresins extracted from a particular spice or herb provide the flavor characteristics of its ground form with a more rapid flavor release. Oleoresins are produced to preserve the robust flavor and aroma of the spice and are extensively used in the natural food colors and flavors market. The increasing demand for natural and clean label products and strict regulations regarding the use of artificial colors and flavors in food products are factors driving the market demand for oleoresins. Moreover, additional health benefits of specific natural food colors and flavors and advanced technological innovations have boosted the growth of the natural food colors and flavors market, globally.

North America accounted for the largest share in 2018 This dominance is attributed to the large scale demand for processed food in this region, which inadvertently creates a demand for oleoresins. Asian countries have traditionally been using plant-derived medicines for various applications. 

The oleoresins market has gained momentum, globally, at a commercial level in the last 10 to 15 years, owing to the growing instances of diseases caused by synthetic and chemical-based products. Furthermore, substantial investment in plant-derived nutritional & health products is expected to present promising opportunities for the growth and diversification of the Asia Pacific oleoresins market. Due to all these factors, the region is projected to grow at the highest CAGR during the forecast period.


Key palyers 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)

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