The global animal feed additive market is expected to reach approximately USD 31.3 billion by 2025. This is expected to positively impact the demand for oleoresins such as marigold and paprika. The global oleoresins market is expected to be dominated by paprika oleoresin due to the robust demand from the natural food coloring industry. The nutraceuticals and pharmaceutical industry is expected to be the fastest growing end-user application of oleoresins due to the rising awareness about their medicinal properties and increasing availability in varied forms.
Improvement in Extraction Technology: Due to stringent export regulations in most countries pertaining to permissible solvent residue limits, many oleoresin manufacturers are setting up super critical extraction plants for extracting oleoresins using carbon dioxide instead of solvents. These oleoresins, usually marketed as clean label, are being increasingly demanded in countries such as US, UK, Germany and more. The oleoresins extracted using CO2 are expected to find wider applications in nutraceuticals and beauty and personal care products, thus driving the growth of the oleoresin industry.
Increasing Penetration in Developing Countries: The demand for oleoresins is expected to augment in the South America, Asia-Pacific and Middle-East and African regions over the forecast period. Presently, the penetration of oleoresins in these regions is less as consumers still prefer to use ground spices or cheaper alternatives such as synthetic and nature-identical flavors. The rising awareness about oleoresins products and their benefits & applications is expected to propel their demand in these regions in the future.
Product Innovation and Rising Investment in Research and Development: Due to little product differentiation in the market, oleoresin producers are consistently investing in R&D to develop new variants of oleoresins and its blends according to the specific requirements of the clients in order to compete in the market. Manufacturers are also developing oleoresins in varied forms so as to cater to a larger clientele. Owing to this, oleoresins are likely to find wider applications in the future, especially within the nutraceuticals industry, thus driving the growth of the industry globally.
Analysts at Ken Research in their latest publication “Global Oleoresins Market Outlook to 2025- By Product Type (Paprika, Black Pepper, Turmeric, Capsicum, Ginger, Marigold, Onion and Others), By Application (Food & Beverages, Nutraceuticals & Pharmaceuticals, Animal Feed and Others) and By Region (US, Brazil, UK, Germany, France, India, China and Others) observed that the global market is in growth stage and will witness further growth owing to factors such as booming nutraceuticals industry, robust demand from the animal feed industry and new product launches due to increasing investment in R&D. The Global Oleoresin Market is expected to register a positive CAGR of 5.6% in terms of revenue during the forecast period 2019-2025.
Key Segments Covered:-
By Type:
Paprika Oleoresin
Black Pepper Oleoresin
Turmeric Oleoresin
Capsicum Oleoresin
Ginger Oleoresin
Garlic Oleoresin
Marigold Oleoresin
Onion Oleoresin
Others
By Application:
Food and Beverages
Seasonings, Condiments and Flavors
Processed Meat and Packaged Food
Beverages
Bakery and Confectionery
Others
Nutraceuticals and Pharmaceuticals
Animal Feed
Others
By Region:-
US
Brazil
UK
Germany
France
India
China
Others
Key Target Audience:-
Oleoresin Producers
Oleoresin Traders and Suppliers
Spices Producers
Food and Beverage Manufacturers
Flavours and Seasoning Manufacturers
Meat and Packaged Food Manufacturers
Pharma and Nutraceutical Manufacturers
Animal Feed Manufacturers
Industry Associations
Government Agencies and Regulatory Bodies
Time Period Captured in the Report:-
Historical Period: 2014- 2019
Forecast Period: 2020F– 2025F
Companies Covered:-
Synthite Industries Private Limited
Plant Lipids Private Limited
Kancor Ingredients Limited
Akay Flavours and Aromatics
AVT Natural Products
Chenguang Biotechnology Group
Kalsec Inc.
Vidya Herbs Private Limited
BOS Natural Flavors Private Limited
Key Topics Covered in the Report:-
Global Oleoresin Market Value Chain Analysis
Global Oleoresin Market Overview
Global Oleoresin Market Size
Global Oleoresin Market Segmentation
Country Profiles in Global Oleoresin Market
Government Role and Regulations in Global Oleoresin Market
Trends and Developments in Global Oleoresin Market
Issues and Challenges in Global Oleoresin Market
Competitive Landscape in Global Oleoresin Market
Strength and Weakness of Major Players in Global Oleoresin Market
End User Potential in Global Oleoresin Market
Porter’s Five Forces Analysis Global Oleoresin Market
Trade Scenario Global Oleoresin Market
Global Oleoresin Market Future Projections, 2019-2025F
Analyst Recommendations
For More Information on the research report, refer to below links:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
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