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Oleoresin Market, By Product (Capsicum, Black Pepper, Turmeric, paprika, Garlic, and Ginger), By Application (Food & Beverages, Pharmaceuticals, and Flavours) and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast from 2014 – 2025

156 Pages | Published Date : March 2019 | Report Code: AV233 | Report Format: PDF

REPORT HIGHLIGHT

The oleoresins market was valued at USD 468.2 million by 2017, growing with 4.8% CAGR during the forecast period, 2018-2025

Market Dynamics

Oleoresins are the highest form of concentrated product that is obtained from solvent extraction from a particular plant. This maybe herbs and spices most commonly. They are ground and then extracted using various organic solvents. The end product thus obtained is known to have application in various categories such as a colorant, as flavour imparting. It can be used to various applications across the varied industries like Food, pharma and in personal care ingredients. Since it is the concentrated form the original spice, it is much more beneficial in terms of transportation, packaging and shelf life as compared to the original source spice.

The major driver of the industry is its growing applications in the food and beverage industry. Oleoresins find applications in beverages, noodles, sauces, gravies, canned products and poultry products. Due to its ease of use and form, it is ideal for export conditions as well. Generally, the shelf life of raw spices is very limited to a few months as opposed to the shelf life of oleoresins being higher, up to a few months. In recent years, the increased awareness towards health foods and ethnic diets has also given this industry a push in terms of revenue generation. On contrary, fluctuation in raw material prices is expected to hamper the industry growth to some extent. A lot of factors that are closely involved with the price fluctuation include the crop cycles, weather conditions and others.

Product Takeaway

The major product categories when it comes to oleoresins are capsicum, black pepper, turmeric, paprika and garlic. Paprika, for instance, has a wide variety of application in food seasonings, food coating systems or dressings & dips and other dry soluble seasoning products. Based on Economic Time’s article, 2013, over 60% of the market for paprika oleoresins is dominated by India, followed by China. The increasing use of pepper spray has accelerated the global requirement for capsicum oleoresin which is among the key drivers of the pepper spray industry.

Application takeaway

Flavours are one of the most common application when it comes to the oleoresin industry. This application captured over 35% share of the global Oleoresin market. Pharmaceutical application is growing with highest growth rate owing to the increasing use of turmeric variant in this industry. The Asian Journal of Pharmaceutical Science and Technology stated that turmeric oil is widely used in pharmaceutical applications owing to its associated benefits such as anti-mutagenic, antioxidant and anti-carcinogenic properties. It also shows relief against depression, anxiety and others. Besides this, extracts is also widely used for treatment against back pain, joint pains and even cancer. The pepper oleoresin for instance is used in market such as arthritis treatment. According to a report in Arthritis Foundation (athrirtis.org), a German study concluded that joint pain decreased by nearly 50% by using 0.05% of capsaicin cream.

Regional Takeaway

Geographically, Europe accounted for the highest revenue share of the global oleoresin market. However, Asia Pacific region is growing with the fastest growth rate owing to the increasing investment by key players in region coupled with rising product demand from end-users. As per the Economic Times (2013), four companies based in Kerala control more than 85% of India’s 2,000-crore spice oleoresin industry. Thus it is well established that this region is a growing one.

Key Market Players

Companies such as Synthite, Akay, Paprika Oleo’s, Ltd., Universal Oleoresin, GurjarPhytochem Private Ltd., Manohar Botanical Extracts Pvt, Plant lipids, Indo World, and Naturite Agro Products Ltd. are known for their presence in this industry. Kancor ingredients were one of the first entrants on the market, followed by Synthite and Plant Lipids. In the last few years, it has been noted that South America, East Europe and several Asian countries are the major buyers of the product.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government and Regional Agencies and Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

  • Capsicum
  • Black Pepper
  • Turmeric
  • Paprika
  • Garlic
  • Ginger
  • Others

MARKET, BY APPLICATION

  • Food & Beverages
  • Pharmaceuticals
  • Flavors
  • Others

MARKET, BY REGION

  • North America
    • U,S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America

TABLE OF CONTENT

1. OLEORESIN MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. OLEORESIN KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. OLEORESIN INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. OLEORESIN MARKET LANDSCAPE
5.1. Market Share Analysis
6. OLEORESIN MARKET – BY PRODUCT
6.1. Overview
6.2. Capsicum
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. Black Pepper
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4. Turmeric
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.5. Paprika
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.6. Garlic
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.7. Ginger
6.7.1. Overview
6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.8. Others
6.8.1. Overview
6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. OLEORESIN MARKET – BY APPLICATION
7.1. Overview
7.2. Food & Beverages
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. Pharmaceuticals
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. Flavors
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5. Others
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. OLEORESIN MARKET– BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.3. U.S.
8.2.3.1. Overview
8.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.4. Canada
8.2.4.1. Overview
8.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3. Europe
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.3. France
8.3.3.1. Overview
8.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.4. Germany
8.3.4.1. Overview
8.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.5. Rest of Europe
8.3.5.1. Overview
8.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.3. China
8.4.3.1. Overview
8.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.4. India
8.4.4.1. Overview
8.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.5. Rest of APAC
8.4.5.1. Overview
8.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.3. Latin America
8.5.3.1. Overview
8.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.4. Middle East and Africa
8.5.4.1. Overview
8.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9. KEY VENDOR ANALYSIS
9.1. Synthite
9.1.1. Company Overview
9.1.2. SWOT Analysis
9.1.3. Key Developments
9.2. Akay
9.2.1. Company Overview
9.2.2. SWOT Analysis
9.2.3. Key Developments
9.3. Paprika Oleo’s, Ltd.
9.3.1. Company Overview
9.3.2. SWOT Analysis
9.3.3. Key Developments
9.4. Universal Oleoresin
9.4.1. Company Overview
9.4.2. SWOT Analysis
9.4.3. Key Developments
9.5. GurjarPhytochem Private Ltd.
9.5.1. Company Overview
9.5.2. SWOT Analysis
9.5.3. Key Developments
9.6. Manohar Botanical Extracts Pvt
9.6.1. Company Overview
9.6.2. SWOT Analysis
9.6.3. Key Developments
9.7. Plant Lipids
9.7.1. Company Overview
9.7.2. SWOT Analysis
9.7.3. Key Developments
9.8. Indo World
9.8.1. Company Overview
9.8.2. SWOT Analysis
9.8.3. Key Developments
9.9. Naturite Agro Products Ltd.
9.9.1. Company Overview
9.9.2. SWOT Analysis
9.9.3. Key Developments
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. Abbreviations
11.3. Disclaimer
11.4. Contact Us

List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Oleoresin Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Oleoresin Market, by Product, 2014 – 2025 (USD Billion)
Table 11 Oleoresin Market, by Application, 2014 – 2025 (USD Billion)
Table 12 Oleoresin Market, by Geography, 2014 – 2025 (USD Billion)
Table 13 North America Oleoresin Market, 2014 – 2025 (USD Billion)
Table 14 U.S. Oleoresin Market, 2014 – 2025 (USD Billion)
Table 15 Canada Oleoresin Market, 2014 – 2025 (USD Billion)
Table 16 Europe Oleoresin Market, 2014 – 2025 (USD Billion)
Table 17 France Oleoresin Market, 2014 – 2025 (USD Billion)
Table 18 Germany Oleoresin Market, 2014 – 2025 (USD Billion)
Table 19 Asia Pacific Oleoresin Market, 2014 – 2025 (USD Billion)
Table 20 China Oleoresin Market, 2014 – 2025 (USD Billion)
Table 21 India Oleoresin Market, 2014 – 2025 (USD Billion)
Table 22 Latin America Oleoresin Market, 2014 – 2025 (USD Billion)
Table 23 MEA Oleoresin Market, 2014 – 2025 (USD Billion)

List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Oleoresin Market, by Product, 2014 – 2025 (USD Billion)
Figure 6 Oleoresin Market, by Application, 2014 – 2025 (USD Billion)
Figure 7 Oleoresin Market, by Geography, 2014 – 2025 (USD Billion)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
– The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
– Thorough analysis of relevant statistical data to estimate the market paradigms
– Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
– Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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