The global paprika oleoresin market has been growing at a rapid pace as the demand for food colours is changing. An overall shift towards consuming natural ingredients over synthetic ones is expected to drive the demand for this ingredient. According to the upcoming report by Fairfield Market Research, the global paprika oleoresin has a bright future as its scope for applications expand with the rise of the food and beverage industry. Approval from the Food and Agriculture Organization (FAO) and the World Health Organization (WHO) has given the ingredient a global licence for application in a variety of food products. The effort to eat “clean” is expected to work in the favour of the global paprika oleoresin market, predicts research report.

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The report predicts that the food segment will be the major consumer in the global paprika oleoresin market. This segment is poised to show an incremental dollar opportunity during the forecast period. Its demand in the food segment will be driven by the several health benefits associated with it. Paprika oleoresin is known to be an immunity booster, antioxidant, and anti-inflammatory. The burgeoning demand for paprika oleoresin will also be a result of its ability to aid weight management by improving metabolism rate and promoting the oxidation of abdominal fat. 


Organic Paprika Oleoresin Witnesses High Demand 

The organic paprika oleoresin segment is expected to stay ahead of the conventional paprika oleoresin. Its high-value share will be attributable to the growing demand for organically sourced food products. The trend of eating clean, which means avoiding chemical fertilizers, is expected to drive this segment in the coming five years. The demand for organic paprika oleoresin will percolate from the burgeoning organic food industry. Reports indicate that the organic food industry registered an annual growth of more than 12% in 2019. The sales exceeded US$45 Bn for organic food items. As the trend intensifies, analysts anticipate that it will spill over to organic paprika oleoresin demand as well.

Europe to Lead Global Paprika Oleoresin Market as Processed Meat Industry Thrives

The research report predicts that the European paprika oleoresin market is expected to thrive in the coming years as the demand for seasoning meat increases. Europe remains the biggest importer of paprika oleoresin. Germany and UK are also expected to be key contributors to the soaring demand for this spice as the demand for seasoning grows. The rise of meat processors in the region is expected to stoke this demand in the coming years. 

On the other hand, India and China are key suppliers of oleoresin paprika in Asia Pacific. China has been growing paprika in Northwestern Xinjiang province. Furthermore, India has factories to process the raw material into consumable spice. Increased awareness of a wide range of cuisines is expected to drive the growth of Asia Pacific paprika oleoresin market in the coming years.

Some of the key players operating in the global paprika oleoresin market are DDW The Colour House, BIOCONCOLORS, Universal Oleoresins, Plant Lipids, Synthite Industries, AVT Natural Products Ltd, Naturex, Holland Ingredients, Kalsec Natural Ingredients, and Akay Group Ltd. 
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