Oleoresins Market

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

[153 Pages Report] 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. The rising trend of using natural flavors in processed food and an increasing number of QSRs have led to a surge in demand for oleoresins. 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 market. Further, due to the increasing R&D activities in the market and the rising popularity of health supplements, the demand for oleoresins in the nutraceutical industry remains high. The growing trend of offering clean label personal care products is also projected to drive the growth of the oleoresins market.

Oleoresins Market

By application, the food & beverages segment is projected to account for the largest share in the oleoresins market

The food & beverages segment is projected to dominate the oleoresins market, on the basis of application, during the forecast period. This is attributed to the increasing use of oleoresins that provide a natural flavor and fragrance in confectioneries and beverages. Further, growing awareness among consumers about the benefits of consuming products rich in natural ingredients such as oleoresins has contributed to the growth of the market. In addition, the use of oleoresins in the pharmaceutical industry remains high due to the growing awareness of the side-effects of allopathic medicines, increasing instances of antibiotic allergies among people, rising vegan population, and busy lifestyles of consumers are projected to drive the growth of the pharmaceuticals & nutraceuticals segment during the forecast period. Natural flavors provided from oleoresins are scientifically demonstrated to promote positive effects on consumers beyond basic nutrition. Further, many governments are increasingly promoting the use of herbal extracts for medication instead of synthetic ones, which is further driving the growth of the segment during the forecast period.

By source, the paprika segment accounted for the largest market size in the oleoresins market during the forecast period

The demand for paprika is increasing significantly as an important seasoning and flavoring ingredient, which is used in American cuisines. Thus, North America was the largest market for paprika oleoresin in 2018. The production of paprika remains significantly high in the region but is majorly offered fresh or sold in the dried and powdered form. Thus, the extraction and production of paprika oleoresins are limited. Paprika oleoresins witness high demand in Europe, which is mainly fulfilled by imports. The Asia Pacific market recorded the fastest growth due to the increase in the production of paprika oleoresins in China, which are offered at lower prices. As these products are offered at affordable prices to consumers, the demand for paprika oleoresins remains high in the developing countries of the region.

Oleoresins Market

North America is projected to account for the largest market share during the forecast period

In 2018, North America accounted for 40.8% market share in the oleoresins market. This is attributed to the high consumption of processed food in this region, which inadvertently leads to increasing demand for oleoresins. The use of traditional treatments and medicines, which are derived from plants, continue to persist in Asian countries. Due to the increasing instances of diseases caused by chemical-based and synthetic products, the market has gained momentum at a commercial level in the last 10 to 15 years, globally. Further, the increasing expenditure on plant-derived nutritional & health products is projected to widen growth opportunities for key manufacturers in the Asia Pacific oleoresins market. Due to these factors, the region is projected to grow at the highest CAGR during the forecast period.

Key Market Players

The key players in this market 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), Plant Lipids (India), Kalsec Inc.(US), Gazignaire (France), and Universal Oleoresins (India).

Scope of the report

Report Metric

Details

Market size estimation

2017–2025

Base year considered

2018

Forecast period considered

2019–2025

Units considered

Value (USD), Volume (Tons)

Segments covered

Source, Application, Extraction Process, and Region

Regions covered

North America, Asia Pacific, Europe, and RoW

Companies studied

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)

This research report categorizes the oleoresins market based on source, extraction process, and application.

Target Audience

  • Oleoresins manufacturers and suppliers
  • Oleoresins distributors importers and exporters
  • Research institutions
  • Government bodies
  • Distributors
  • End users (Personal care products manufacturers, pharmaceutical and nutraceutical product manufacturers, food and beverage processors, and feed additive companies)

Report Scope

Sources

  • Paprika
  • Capsicum
  • Seed spices
  • Turmeric
  • Ginger
  • Cinnamon & cassia
  • Herbs
  • Others (cardamom, floral, asafetida, tamarind, nutmeg, onion, and garlic)

Application

  • Food & beverages
  • Pharmaceuticals & nutraceuticals
  • Personal care products
  • Feed

Extraction process

  • Solvent extraction
  • Supercritical fluid extraction

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Recent Developments

  • In May 2019, Vidya Herbs developed its SFT (Six Featured Technology) Range, which uses a special processing technology that allows to make uniform size microbeadlets. These microbeadlets are free-flowing, non-staining, and easy to handle during the production of tablets or capsules. Vidya has six extracts in the SFT range including turmeric, ginger, tamarind, ashwagandha, holy basil, and fenugreek.
  • In January 2019, Givaudan opened a new technical and commercial center for flavors in Casablanca, Morocco. The new center is designated to meet the growing needs of its African customers with innovative taste and flavor solutions.
  • In September 2018, Givaudan acquired Naturex (US), a global leader in plant extraction and the development of natural ingredients and solutions for the food, health, and beauty sectors. This is projected to enhance their extracts and oleoresins portfolio, as well as enable them to meet consumer demands for natural, clean label, and organic products.

Key Questions Addressed by the Report

  • What are the growth opportunities in the oleoresins market?
  • What are the major sources of oleoresins?
  • What are the key factors affecting market dynamics?
  • What are some of the major challenges and restraints that the industry faces?
  • Which are the key players operating in the market and what initiatives have they undertaken over the past few years?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst


Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
    1.4 Periodization Considered
    1.5 Currency Considered
    1.6 Units Considered
    1.7 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Opportunities in the Oleoresins Market
    4.2 Oleoresins Market, By Process, 2018
    4.3 North America: Oleoresins Market, By Source & Country
    4.4 Oleoresins Market, By Application & Region, 2018
    4.5 Oleoresins Market, By Key County/Region, 2019–2025

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Macroeconomic Indicators
           5.2.1 Increase in Demand for Oleoresins in Countries With Growing Gdp
           5.2.2 Rise in Population
           5.2.3 Increase in Middle-Class Population
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growth in Demand From the Food Industry
                                   5.3.1.1.1 Rise in the Trend of Using Natural Flavors in Food Processing 3
                                   5.3.1.1.2 Burgeoning Demand for Processed Food
                    5.3.1.2 Increase in the Presence of Modern Retail Outlets
                    5.3.1.3 Growth in Awareness About Health Benefits Offered By Oleoresins
           5.3.2 Restraints
                    5.3.2.1 Availability and Maintaining Stocks of Raw Materials and Price Fluctuations
                    5.3.2.2 High Initial Investment Costs Prevent New Entrants From Entering the Market
           5.3.3 Opportunities
                    5.3.3.1 Increase in Demand for Feed Phytogenics
           5.3.4 Challenges
                    5.3.4.1 Lack of Awareness and Ability to Distinguish Between Natural and Adulterated Products
    5.4 Regulatory Framework
           5.4.1 North America
                    5.4.1.1 US
           5.4.2 Europe
           5.4.3 Asia Pacific
                    5.4.3.1 India
                    5.4.3.2 Japan
                    5.4.3.3 Australia & New Zealand

6 Oleoresins Market, By Source (Page No. - 49)
    6.1 Introduction
    6.2 Paprika
           6.2.1 Increase in Imports of Paprika Oleoresins From the European Region to Drive Its Market Growth
    6.3 Capsicum
           6.3.1 The Demand for Capsicum Oleoresins Remains High Due to Its Increasing Application in the Pharmaceuticals & Nutraceuticals Industry
    6.4 Seed Spices
           6.4.1 Black Pepper is One of the Majorly Used Seed Spice Oleoresin in the Food & Beverage Industry
    6.5 Turmeric
           6.5.1 Turmeric Oleoresins Possess Anti-Inflammatory and Antiseptic Properties
    6.6 Herbs
           6.6.1 Herb Oleoresins are Majorly Used for Flavoring Purpose
    6.7 Ginger
           6.7.1 Ginger Oleoresin is Used for Beverage Preparation in the North American Countries
    6.8 Cinnamon & Cassia
           6.8.1 Cinnamon & Cassia Oleoresin is Used as Preservative Due to Its Antimicrobial Properties
    6.9 Others

7 Oleoresins Market, By Application (Page No. - 61)
    7.1 Introduction
    7.2 Food & Beverages
           7.2.1 Growing Interest of Leading Flavor Manufacturers in Oleoresin Products Drives the Food & Beverage Industry
    7.3 Pharmaceuticals & Nutraceuticals
           7.3.1 Higher Demand for Capsicum Oleoresin in the Pharmaceutical Industry
    7.4 Personal Care Products
           7.4.1 Rise in Consumer Preference for Natural Personal Care Products Supports the Growth of Oleoresin
    7.5 Feed
           7.5.1 Growing Interest of Feed Manufacturers in Phytogenic Additives Drives the Market for Oleoresin in the Feed Sector

8 Oleoresins Market, By Extraction Process (Page No. - 69)
    8.1 Introduction
    8.2 Solvent Extraction
           8.2.1 Solvent Extraction Process is Preferred for Oleoresin Extraction By Small Players in the Industry
    8.3 Supercritical Fluid Extraction Process
           8.3.1 Higher Efficacy of Supercritical Fluid Method in the Production of Quality Oleoresin Products to Drive Its Growth in the Market

9 Oleoresins Market, By Region (Page No. - 75)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 The Demand for Naturally Flavored Products in the Food, Cosmetics, and Pharmaceutical Industries is Growing in the US
           9.2.2 Mexico
                    9.2.2.1 Increase in Awareness of Healthier Diet and the Economic Growth of the Country to Influence the Market Growth
           9.2.3 Canada
                    9.2.3.1 Rise in Concerns Over the Potential Side Effects of the Over-the-Counter (Otc) Products to Drive the Growth of the Market
    9.3 Europe
           9.3.1 Germany
                    9.3.1.1 Germany is One of the Top Importers of Oleoresins Across the Globe
           9.3.2 UK
                    9.3.2.1 Use of Natural Spice and Herb Extracts as A Suitable Alternative for Synthetic Additives Drives the Market for Oleoresins in the UK
           9.3.3 Italy
                    9.3.3.1 Growth in the Processed Food Industry Drives the Italian Oleoresins Market
           9.3.4 Spain
                    9.3.4.1 Government Initiatives Toward Improving the Composition of Food & Beverage Products Drive the Market for Oleoresins
           9.3.5 France
                    9.3.5.1 Increasing Use of Herbal Extracts in Pharmaceutical Products Drives the Herb-Based Oleoresins Market
           9.3.6 Netherlands
                    9.3.6.1 Food Manufacturers in the Netherlands are Replacing Unhealthy Food Ingredients With Spices and Herbs
           9.3.7 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
                    9.4.1.1 Setting Up of Facilities in Southeast Asia By Key Players Driving the Market for Oleoresins in China
           9.4.2 India
                    9.4.2.1 Presence of Key Players Coupled With the Growing Awareness About the Benefits of Oleoresins Supporting Market Growth
           9.4.3 Japan
                    9.4.3.1 The Growing Application of Oleoresins in the Nutraceuticals Segment Drives the Market Growth
           9.4.4 Indonesia
                    9.4.4.1 Indonesia: One of the Major Exporters of Oleoresins
           9.4.5 Rest of Asia Pacific
    9.5 Rest of the World
           9.5.1 South America
                    9.5.1.1 Release of Brazilian Dietary Guidelines in 2014 Changed the Consumer Food Preferences in South America
           9.5.2 Middle East & Africa
                    9.5.2.1 Increase in Demand for Natural Ingredients in the Food Sector Drives the Growth of the Oleoresins Market

10 Competitive Landscape (Page No. - 114)
     10.1 Overview
     10.2 Competitive Leadership Mapping
             10.2.1 Visionary Leaders
             10.2.2 Innovators
             10.2.3 Dynamic Differentiators
             10.2.4 Emerging Companies
     10.3 Strength of Product Portfolio
     10.4 Business Strategy Excellence
     10.5 Competitive Scenario
             10.5.1 New Product Launches
             10.5.2 Expansions
             10.5.3 Acquisitions
             10.5.4 Partnerships

11 Company Profiles (Page No. - 123)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)* 
     11.1 Akay Group Ltd.
     11.2 Synthite Industries Private Ltd.
     11.3 AVT Naturals
     11.4 Givaudan
     11.5 Pt. Indesso Aroma
     11.6 Vidya Herbs Private Limited
     11.7 Ungerer & Company
     11.8 Kancor Ingredients Limited
     11.9 Plant Lipids
     11.10 Kalsec Inc.
     11.11 Gazignaire
     11.12 Universal Oleoresins
Business Overview, Products Offered, Recent Developments, SWOT Analysis and MnM View; Please Note In-Depth Coverage in Various Sections is Subjected to Data Availability) the Companies are Listed in No Particular Order, But as A Representation of the Market’s Ecosystem.

12 Appendix (Page No. - 146)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Available Customizations
     12.4 Related Reports
     12.5 Author Details


List of Tables (108 Tables)

Table 1 USD Exchange Rates, 2014–2018
Table 2 Oleoresins Market Snapshot, 2019 vs. 2025
Table 3 Oleoresins Market Size, By Source, 2017–2025 (USD Million)
Table 4 Oleoresins Market Size, By Source, 2017–2025 (Tons)
Table 5 Paprika: Oleoresins Market Size, By Region, 2017–2025 (USD Million)
Table 6 Paprika: By Market Size, By Region, 2017–2025 (Tons)
Table 7 Capsicum: By Market Size, By Region, 2017–2025 (USD Million)
Table 8 Capsicum: By Market Size, By Region, 2017–2025 (Tons)
Table 9 Seed Spices: By Market Size, By Region, 2017–2025 (USD Million)
Table 10 Seed Spices: By Market Size, By Region, 2017–2025 (Tons)
Table 11 Turmeric: By Market Size, By Region, 2017–2025 (USD Million)
Table 12 Turmeric: By Market Size, By Region, 2017–2025 (Tons)
Table 13 Herbs: By Market Size, By Region, 2017–2025 (USD Million)
Table 14 Herbs: By Market Size, By Region, 2017–2025 (Tons)
Table 15 Ginger: By Market Size, By Region, 2017–2025 (USD Million)
Table 16 Ginger: Oleoresins Market Size, By Region, 2017–2025 (Tons)
Table 17 Cinnamon & Cassia: By Market Size, By Region, 2017–2025 (USD Million)
Table 18 Cinnamon & Cassia: By Market Size, By Region, 2017–2025 (Tons)
Table 19 Others: By Market Size, By Region, 2017–2025 (USD Million)
Table 20 Others: By Market Size, By Region, 2017–2025 (Tons)
Table 21 Oleoresins Market Size, By Application, 2017–2025 (USD Million)
Table 22 Oleoresins Market Size, By Application, 2017–2025 (Tons)
Table 23 Food & Beverages: Oleoresins Market Size, By Region, 2017–2025 (USD Million)
Table 24 Food & Beverages: By Market Size, By Region, 2017–2025 (Tons)
Table 25 Pharmaceuticals & Nutraceuticals: Oleoresins Market Size, By Region, 2017–2025 (USD Million)
Table 26 Pharmaceuticals & Nutraceuticals: By Market Size, By Region, 2017–2025 (Tons)
Table 27 Personal Care Products: By Market Size, By Region, 2017–2025 (USD Million)
Table 28 Personal Care Products: By Market Size, By Region, 2017–2025 (Tons)
Table 29 Feed: Oleoresins Market Size, By Region, 2017–2025 (USD Million)
Table 30 Feed: Oleoresins Market Size, By Region, 2017–2025 (Tons)
Table 31 Oleoresins Market Size, By Extraction Process, 2017–2025 (USD Million)
Table 32 Oleoresins Market Size, By Extraction Process, 2017–2025 (Tons)
Table 33 Solvent Extraction: Oleoresins Market Size, By Region, 2017–2025 (USD Million)
Table 34 Solvent Extraction: By Market Size, By Region, 2017–2025 (Tons)
Table 35 Supercritical Fluid Extraction: By Market Size, By Region, 2017–2025 (USD Million)
Table 36 Supercritical Fluid Extraction: By Market Size, By Region, 2017–2025 (Tons)
Table 37 Oleoresins Market Size, By Region, 2017–2025 (USD Million)
Table 38 Oleoresins Market Size, By Region, 2017–2025 (Tons)
Table 39 North America: Oleoresins Market Size, By Country, 2017–2025 (USD Million)
Table 40 North America: By Market Size, By Country, 2017–2025 (Tons)
Table 41 North America: By Market Size, By Application, 2017–2025 (USD Million)
Table 42 North America: By Market Size, By Application, 2017–2025 (Tons)
Table 43 North America: By Market Size, By Source, 2017–2025 (USD Million)
Table 44 North America: By Market Size, By Source, 2017–2025 (Tons)
Table 45 North America: By Market Size, By Extraction Process, 2017–2025 (USD Million)
Table 46 North America: Oleoresins Market Size, By Extraction Process, 2017–2025 (Tons)
Table 47 US: By Market Size, By Application, 2017–2025 (USD Million)
Table 48 US: By Market Size, By Application, 2017–2025 (Tons)
Table 49 Mexico: Oleoresins Market Size, By Application, 2017–2025 (USD Million)
Table 50 Mexico: By Market Size, By Application, 2017–2025 (Tons)
Table 51 Canada: By Market Size, By Application, 2017–2025 (USD Million)
Table 52 Canada: By Market Size, By Application, 2017–2025 (Tons)
Table 53 Europe: By Market Size, By Country, 2017–2025 (USD Million)
Table 54 Europe: By Market Size, By Country, 2017–2025 (Tons)
Table 55 Europe: By Market Size, By Source, 2017–2025 (USD Million)
Table 56 Europe: By Market Size, By Source, 2017–2025 (Tons)
Table 57 Europe: Oleoresins Market Size, By Application, 2017–2025 (USD Million)
Table 58 Europe: Oleoresins Market Size, By Application, 2017–2025 (Tons)
Table 59 Europe: By Market Size, By Extraction Process, 2017–2025 (USD Million)
Table 60 Europe: Oleoresins Market Size, By Extraction Process, 2017–2025 (Tons)
Table 61 Germany: Oleoresins Market Size, By Application, 2017–2025 (USD Million)
Table 62 Germany: Oleoresins Market Size, By Application, 2017–2025 (Tons)
Table 63 UK: Oleoresins Market Size, By Application, 2017–2025 (USD Million)
Table 64 UK: By Market Size, By Application, 2017–2025 (Tons)
Table 65 Italy: By Market Size, By Application, 2017–2025 (USD Million)
Table 66 Italy: Oleoresins Market Size, By Application, 2017–2025 (Tons)
Table 67 Spain: By Market Size, By Application, 2017–2025 (USD Million)
Table 68 Spain: Oleoresins Market Size, By Application, 2017–2025 (Tons)
Table 69 France: By Market Size, By Application, 2017–2025 (USD Million)
Table 70 France: Oleoresins Market Size, By Application, 2017–2025 (Tons)
Table 71 Netherlands: By Market Size, By Application, 2017–2025 (USD Million)
Table 72 Netherlands: By Market Size, By Application, 2017–2025 (Tons)
Table 73 Rest of Europe: By Market Size, By Application, 2017–2025 (USD Million)
Table 74 Rest of Europe: By Market Size, By Application, 2017–2025 (Tons)
Table 75 Asia Pacific: Oleoresins Market Size, By Country, 2017-2025 (USD Million)
Table 76 Asia Pacific: By Market Size, By Country, 2017-2025 (Tons)
Table 77 Asia Pacific: By Market Size, By Source, 2017-2025 (USD Million)
Table 78 Asia Pacific: By Market Size, By Source, 2017-2025 (Tons)
Table 79 Asia Pacific: Oleoresins Market Size, By Application, 2017-2025 (USD Million)
Table 80 Asia Pacific: By Market Size, By Application, 2017-2025 (Tons)
Table 81 Asia Pacific: By Market Size, By Extraction Process, 2017-2025 (USD Million)
Table 82 Asia Pacific: By Market Size, By Extraction Process, 2017-2025 (Tons)
Table 83 China: Oleoresins Market Size, By Application, 2017-2025 (USD Million)
Table 84 China: By Market Size, By Application, 2017-2025 (Tons)
Table 85 India: By Market Size, By Application, 2017-2025 (USD Million)
Table 86 India: By Market Size, By Application, 2017-2025 (Tons)
Table 87 Japan: By Market Size, By Application, 2017-2025 (USD Million)
Table 88 Japan: By Market Size, By Application, 2017-2025 (Tons)
Table 89 Indonesia: Oleoresins Market Size, By Application, 2017-2025 (USD Million)
Table 90 Indonesia: Oleoresins Market Size, By Application, 2017-2025 (Tons)
Table 91 Rest of Asia Pacific: Oleoresins Market Size, By Application, 2017-2025 (USD Million)
Table 92 Rest of Asia Pacific: By Market Size, By Application, 2017-2025 (Tons)
Table 93 RoW: Oleoresins Market Size, By Region, 2017–2025 (USD Million)
Table 94 RoW: By Market Size, By Region, 2017–2025 (Tons)
Table 95 RoW: Oleoresins Market Size, By Source, 2017–2025 (USD Million)
Table 96 RoW: By Market Size, By Source, 2017–2025 (Tons)
Table 97 RoW: Oleoresins Market Size, By Application, 2017–2025 (USD Million)
Table 98 RoW: Oleoresins Market Size, By Application, 2017–2025 (Tons)
Table 99 RoW: By Market Size, By Extraction Process, 2017–2025 (USD Million)
Table 100 RoW: Oleoresins Market Size, By Extraction Process, 2017–2025 (Tons)
Table 101 South America: Oleoresins Market Size, By Application, 2017–2025 (USD Million)
Table 102 South America: By Market Size, By Application, 2017–2025 (Tons)
Table 103 Middle East & Africa: By Market Size, By Application, 2017–2025 (USD Million)
Table 104 Middle East & Africa: Oleoresins Market Size, By Application, 2017–2025 (Tons)
Table 105 New Product Launches, 2014-2019
Table 106 Expansions, 2014-2019
Table 107 Acquisitions, 2014-2019
Table 108 Investments, Agreements, and Partnerships, 2014-2019


List of Figures (41 Figures)

Figure 1 Oleoresins: Market Segmentation
Figure 2 Regional Segmentation
Figure 3 Oleoresins Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Breakdown and Data Triangulation
Figure 8 Oleoresins Market Size, By Source, 2019 vs. 2025 (USD Million)
Figure 9 Oleoresins Market Size, By Application, 2019 vs. 2025 (USD Million)
Figure 10 Oleoresins Market Size, By Extraction Process, 2019 vs. 2025 (USD Million)
Figure 11 Oleoresins Market Share & Growth, By Region
Figure 12 Rising Demand for Processed Food Drives the Market for Oleoresins
Figure 13 Solvent Extraction Process Gaining Popularity for Oloeresin Production
Figure 14 North America: the Us Was One of the Major Importers of Oleoresins Across the Globe in 2018
Figure 15 North America Accounted for the Largest Share of the Oleoresins Market for the Food & Beverages in 2018
Figure 16 India is Projected to Witness High Growth During the Forecast Period
Figure 17 Asia Pacific: Gdp Growth, 2015–2018
Figure 18 Global Population Projected to Reach ~9.8 Billion By 2050
Figure 19 Middle-Class Population is Projected to Be the Largest in Asia Pacific By 2030
Figure 20 Oleoresins Market Dynamics
Figure 21 Attractive Opportunities in the Natural Food Colors & Flavors Market
Figure 22 Attractive Opportunities in the Processed Food Market
Figure 23 Indian Foodservice Industry, By Category, 2017
Figure 24 Poultry is Projected to Be the Fastest-Growing Segment Between 2018 & 2023
Figure 25 Oleoresins Market Size, By Source, 2019 vs. 2025 (USD Million)
Figure 26 Oleoresins Market Size, By Source, 2019 vs. 2025 (Tons)
Figure 27 Oleoresins Market Size, By Application, 2019 vs. 2025 (USD Million)
Figure 28 Oleoresins Market Size, By Application, 2019 vs. 2025 (Tons)
Figure 29 Oleoresins Market Size, By Extraction Process, 2019 vs. 2025 (USD Million)
Figure 30 Oleoresins Market Size, By Extraction Process, 2019 vs. 2025 (Tons)
Figure 31 India to Record the Highest Growth Rate During the Forecast Period in the Oleoresins Market
Figure 32 North America: Oleoresins Market Snapshot
Figure 33 Asia Pacific: Regional Snapshot
Figure 34 Global Oleoresins Market (Global): Competitive Leadership Mapping, 2018
Figure 35 Key Developments of the Leading Players in the Oleoresins Market, 2014 –2019
Figure 36 Akay Group: SWOT Analysis
Figure 37 Synthite Industries Private Ltd.: SWOT Analysis
Figure 38 AVT Naturals: Company Snapshot
Figure 39 AVT Naturals: SWOT Analysis
Figure 40 Givaudan: Company Snapshot
Figure 41 Givaudan: SWOT Analysis

The study involved four major activities in estimating the market size for oleoresins. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.

Primary Research

The market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand-side of the market is characterized by the presence of food and beverage products processors, importers/exporters, and research institutions. The supply-side is characterized by the presence of key oleoresins manufacturers, suppliers, distributors, researchers, and service providers. Various primary sources from both the supply- and demand-sides of the market were interviewed to obtain qualitative and quantitative information. Given below is the breakdown of the primary respondents.

Oleoresins Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the oleoresins market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players were identified through extensive primary and secondary research.
  • The value chain and market size of the oleoresins market, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research included the study of reports, reviews, newsletters of top market players, along with extensive interviews for opinions from key leaders, such as CEOs, directors, and marketing executives.

Data Triangulation/

After arriving at the overall market size from the estimation process described above, the total market was split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated using both top-down and bottom-up approaches. It was then verified through primary interviews. Hence, three approaches were adopted—top-down approach, bottom-up approach, and the one involving expert interviews. Only when the values arrived at from the three points match, the data is assumed to be correct.

Report Objectives

  • To describe and forecast the oleoresins market, in terms of source, application, extraction process, and region
  • To describe and forecast the oleoresins market, in terms of value, by region–Asia Pacific, Europe, North America, and the Rest of the World-along with their respective countries
  • To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of oleoresins market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the oleoresins market
  • To strategically profile the key players and comprehensively analyze their market position, in terms of ranking and core competencies, along with details on the competitive landscape of market leaders
  • To analyze strategic approaches such as acquisitions & divestments, expansions, product launches & approvals, and agreements in the oleoresins market

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports according to client-specific requirements. The available customization options are as follows:

Geographic Analysis

  • Further breakdown of the Rest of the World oleoresins market into South America and the Middle East & Africa
  • Further breakdown of the Rest of Asia Pacific oleoresins market into Vietnam, Malaysia, Thailand, the Philippines, and South Korea.
  • Further breakdown of the Rest of Europe oleoresins market into Austria, Portugal, Ireland, Sweden, Bulgaria, Belgium, Turkey, Russia, Poland, and Denmark.

Segment Analysis

  • Further breakdown of the oleoresins applications market, by country
Report Code
FB 7281
Published ON
Aug, 2019
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