Oleoresin Market Will Be Valued At US$ 1.99 Billion By 2029

The major players included in the Oleoresin report are Synthite Industries (India), PT Indesso Aroma (Indonesia), Ungerer & Company (US), Universal Oleoresins (India), Plant Lipids, (India), and Akay Group (India). ), Gazignaire SA (France.), AVT Naturals (US), and Kalsec Inc. (US), Ozone Naturals (India) and more

Pune, India, May 30, 2022 (GLOBE NEWSWIRE) – Global Olorin Market hit size $1.35 billion in 2021. The market value is set to rise from $1.42 billion in 2022 to me $1.99 billion by 2029displays a Compound annual growth rate of 5.0% during the forecast period. Oleoresins are growing in popularity in many North American and European markets, due to the growing consumer attraction towards ethnic cuisines. Increased consumer demand for ethnic foods with exotic flavors and more extracts of herbs and spices creates new opportunities for market players, he says Fortune Business Insights^TM In her report entitled, “Oleoresin Market, 2022-2029”.

Impact of COVID-19 –

Disruptions in the supply chains of herbs and spices affected market growth

The COVID-19 pandemic has created unprecedented challenges for the global food industry. Emergency measures and lockdown restrictions across major economies have created barriers in the global supply chain for herbs and spices. Thus, higher prices in certain areas affected the consumption of oleoresin. However, the market is set to see a quick recovery after COVID-19.

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List of major market players:

• Synthite Industries (India)

• PT Indiso Aroma (Indonesia)

• Ungerer & Company (US)

• Universal Oleoresins (India)

• vegetable fats (India)

• Akai Group (India)

• Gazignaire SA (France)

• AVT Naturals (US)

• Classic Corporation (USA)

• Ozone Naturals (India)

Scope of the Oleoresin Market Report:

sectors-

The story continues

By product, Paprika maintains a dominant market share during 2022-2029

Based on the product, the market is segmented into paprika, black pepper, capsicum, ginger, turmeric, cinnamon and cassia, among others. The sweet pepper segment is expected to occupy the largest market share due to its extensive use in the food industry as a coloring and flavoring agent. The product is in great demand due to its antioxidant, anti-inflammatory, anti-aging and anti-depressant properties.

By application, the food and beverage sector to create massive demand until 2029

In terms of application, the market is segmented into foods, beverages, pharmaceuticals, animal feed, and cosmetics. Among these, the market is expected to witness strong demand from the food and beverage segment. The product is widely used in a range of foods and beverages, from cheese, processed meats and seasoning combinations to orange juice, sauces and desserts.

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Report coverage-

The report highlights the leading regions around the world to provide the user with a better understanding. Moreover, the report delves into the latest industry growth trends and analyzes the technologies being used at a rapid pace on a global scale. It also includes some market drivers, restraints, trends, company profiles, and other information to help the reader understand the market.

Drivers and restrictions-

Increased consumption of processed food to create new opportunities

The growth of the oleoresin market is primarily driven by the increasing consumption of packaged and processed food and beverage products. Consumer demand for cheese, soups, sauces, broths, processed meats, seafood, fortified foods, snacks and confectionery products has risen rapidly in recent years, especially since COVID-19. These factors along with the increasing public awareness towards the benefits of oleoresin will increase its consumption.

However, price fluctuations and seasonal availability are some of the factors that can limit the consumption of the product in the coming years.

regional insights-

Europe leads the world market share due to changing diet patterns

Europe dominated the global oleoresin market share in 2021 and similar trends are expected during the forecast period. The regional growth has been attributed to the increased demand for spice oils among the population. In addition, rising incomes and changing lifestyles will positively affect regional growth.

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Meanwhile, the market in Asia Pacific will be driven by the growing application of the product in cosmetics and pharmaceuticals. Having a large elderly base will create huge opportunities for local and international players.

Competitive scene-

Expand the capacity of prominent players to meet the growing demand

The leading players in the market are adopting various growth strategies to sustain the increasing global competition. One such strategy is to expand production capacity to meet growing global demand. Other strategies include new product launches, mergers and acquisitions, and strategic collaboration.

Major industry development

October 2021: Fat Factory has announced an investment of INR 200 crore for expansion in Kerala, India.

Detailed table of content:

• an introduction

• Executive Summary

• market dynamics

  • Market Drivers

  • market restrictions

  • Market Opportunities

  • Emerging trends

• the main ideas

  • Overview of the main/related markets

  • Industry SWOT Analysis

  • Supply Chain and Organizational Analysis

  • Recent industry developments – policies, partnerships, new product launches, mergers and acquisitions

  • Qualitative analysis related to COVID-19

    • Impact of COVID-19 on the market

    • Supply chain challenges in the midst of a pandemic

    • Potential opportunities due to this global crisis

• Global Oleoresin Market Analysis, Insights And Forecast, 2018-2029

• 5.2.1. According to the application

  • • • Food and drinks

      • animal feed

      • pharmaceutical

      • makeup

    • by region

      • North Amarica

      • Europe

      • Asia Pacific

      • South america

      • Middle East and Africa

Check out the table of contents…!

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