The rising trend in the use of natural flavors in processed food and a growing number of QSRs has led to an increase in oleoresin demand. The increase in awareness of the side effects of synthetic flavors and health benefits offered by phytomedicines and herbal extracts has driven the market's growth significantly. Additionally, key players' technological advances in most regions have resulted in high demand for Oleoresin’s products. The Global Oleoresins Market was valued at USD 1.1 billion in 2018 and is expected to reach USD 2.4 billion in 2026, growing at a CAGR of 9.1% during the forecast period.
Oleoresins offer great base flavors for several drinks, rapid growth in the beverage industry leads to increased demand for oleoresins. The availability of a wide range of oleoresins means that both drinks and bakeries and processed food manufacturers can use combination flavors in foods and drinks to make them more appealing, which in turn is projected to drive the growth of the oleoresin product. In addition, the demand for oleoresins in the nutraceutical industry remains high due to the increasing R&D activities on the market and the increasing popularity of health supplements. The growing trend to offer clean label products for personal care is also projected to drive the growth of the oleoresin market.
Get a Sample Copy of Report @ https://www.alltheresearch.com/sample-request/261
Oleoresins Market Segmentation
By Product Type
• Paprika
• Capsicum
• Turmeric
• Ginger
• Others
By Application
• Food & Beverages
• Pharmaceuticals & Nutraceuticals
• Personal Care Products
• Others
Globally, North America dominate the market in terms of income followed during the forecast period. Due to high demand from various end-use industries such as food & beverage, pharmaceutical, and cosmetics, North America emerged as the largest market in 2018. It is expected that shifting consumer preference to ethnic food and rising demand for products in healthcare applications will emerge as the main driving factors in this region's market.
However, the price fluctuation of raw materials for the manufacturers in the global Oleoresins Market in the coming years. Also, the limited standardization are the main restraint for the market in future.
Key Findings:
• On the basis of product type, the paprika oleoresin segment dominates the Oleoresins market accounting 40% market share.
• Based on the application, the food & beverages segment grows at the fastest rate of CAGR at 11% during the forecast period.
• On the basis of region, North America accounted for nearly 44% share of the global oleoresins market in 2018
Recent News:
• In January 2018, Givaudan opened a new technical and commercial center of flavors in Casablanca, Morocco. The new center is designed with innovative taste and flavor solutions to meet the growing needs of its African customers.
• In June 2018, Fucovital, an all-natural three percent fucoxanthin oleoresin extracted and produced from microalgae, was launched by Algatechnologies Ltd.

About AlltheResearch:

AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realize, that it’s not just sheer data-points, but the right analysis that creates a difference.
For all your Research needs, reach out to us at:

39180 Liberty Street Suite 110, Fremont, CA 94538, USA
Contact Person: Rohit B.
Email: [email protected]
US: 1-888-691-6870