Meticulous Research®—a leading global market research company, published a research report titled, 'Oleoresins Market Size, Share, Forecast, & Trends Analysis by Source (Spices {Paprika, Black Pepper, Turmeric}, Capsicum, Marigold, Garlic), Extraction Process (Solvent Extraction), Application (Food and Beverages, Pharmaceuticals) - Global Forecast to 2031.'

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According to the latest report from Meticulous Research®, the oleoresins market is anticipated to reach $2.49 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. This growth is fueled by rising demand for oleoresins in the food and beverage and pharmaceutical sectors, the increasing popularity of natural colors and flavors, and the expanding adoption of ethnic foods. However, market expansion may be constrained by fluctuations in raw material prices and the high availability of substitutes.

Emerging opportunities are expected from the growing demand for natural and organic food products, vegan beauty products, and the rising use of oleoresins in animal feed. Nonetheless, stakeholders face challenges such as high production costs and stringent regulations.

Key trends in the market include the increasing adoption of clean-label products and a rising need for self-grooming items.

Key Players:
The oleoresins market features a competitive landscape with global, regional, and local players. Major players include Synthite Industries Ltd. (India), Kalsec Inc. (U.S.), Symrise AG (Germany), Universal Oleoresins (India), Ozone Naturals (India), Givaudan SA (Switzerland), Akay Natural Ingredients Private Limited (India), Mane Kancor Ingredients Private Limited (India), Paprika Oleos Ltd (India), Plant Lipids Private Limited (India), AVT Natural Products Limited (India), Henry Lamotte Oils GmbH (Germany), Vidya Herbs Pvt Ltd. (India), Extractos Vegetales S.A. (Spain), and Rüther Gewürze GmbH (Germany).

Market Segmentation:

Source:
The market is segmented by source into spices (e.g., paprika, black pepper, turmeric, seed spices), capsicum, marigold, garlic, onion, herbs, and other sources. In 2024, the spices segment is projected to dominate with a 44.6% share, driven by the widespread application of spice oleoresins in food and beverage, pharmaceuticals, animal feed, and cosmetics for their flavoring, coloring, and health benefits.

Application:
Segmentation by application includes food and beverages, cosmetics and personal care, pharmaceuticals and nutraceuticals, animal feeds, and other uses. In 2024, the food and beverages segment is expected to capture the largest share of 36.1%, due to the growing preference for natural or organic ingredients and the use of oleoresins to enhance flavor, color, and aroma.

Geographic Review:
The report covers major regions including North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Russia, Belgium, Netherlands, and others), Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, and others), Latin America (Brazil, Mexico, Argentina, and others), and the Middle East & Africa. In 2024, Europe is projected to hold the largest share of 34.5%, driven by increased health and wellness awareness, demand for natural ingredients, stringent food safety regulations, and a shift towards ethnic cuisines. Additionally, rising preferences for vegan cosmetics and personal care products, along with higher spending on health and wellness, support market growth in this region.

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