Oleoresin Market to Reach $2,439 Million by 2030, Exclusive Report by Acumen Research and Consulting | Leaf Probably

Acumen Research and Consulting

Acumen Research and Consulting recently published a report titled “Oleoresin Market Size, Share, Analysis Report and Region Forecast, 2022-2030”.

BEIJING, June 23, 2022 (GLOBE NEWSWIRE) — The Global oleoresin market Size was USD 1,392 million in 2021 and is expected to reach USD 2,439 million by 2030, with a remarkable CAGR of 6.6% over the forecast period of 2022 to 2030.

The market for oleoresins is expected to experience the fastest growth during the forecast period, owing to the rising interest in organic flavor and taste in food and beverages. These are not prone to bacterial contamination and therefore have a longer expiry time than fresh or even powdered spices, fueling market growth. Oleoresins are designed to replace ground spices while retaining their taste, fragrance and texture. The market growth is driven by the same properties as spices, along with ease of storage and transportation. Oleoresins contain both volatile and non-volatile spice components and cover most of the flavor profile of spices and herbs. In addition, oleoresins are used in confectionery, beverages, sauces, canned meat and pharmaceuticals. They are also used as a base for various spices.

Oleoresins are a blend of oil and resin derived from plants, which are highly concentrated liquid materials in nature. They are also called balms because they contain benzoic acid and cinnamic acid. Rosin is a fragile, amber, difficult and translucent resin made from oleoresin-derived oil. The application of different oleoresins differs according to their properties. For example, paprika oleoresin is primarily used as a coloring and flavoring agent in mozzarella, sauces, refreshments, confectionery and ready meals. Because they add flavor and have high antioxidant activity, black pepper oleoresins are commonly used in dietary supplements.

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Report Coverage:


oleoresin market

Market size 2021

US$1,392 million

Market Forecast 2030

US$2,439 million


6.6% in the period 2022 – 2030

analysis period

2018 – 2030

base year


forecast data

2022 – 2030

Covered Segments

By product, application and geography

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Important companies in profile

Ozone Naturals, PT Indesso Aroma, Kancor Ingredients Ltd., Paprika Oleo’s India Limited, Universal Oleoresins, Synthite Industries Ltd., Akay Group Ltd., Paras Perfumers, Kalsec Inc., Givaudan, Plant Lipids and Chenguang Biotech Group Co. Ltd.

report coverage

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis

customization area

10 hrs from free customization and expert advice

Growth aspects of the global oleoresin market

Increasing demand from the pharmaceutical, healthcare, food and beverage industries is driving the global oleoresin market. Oleoresins are made from a variety of additives and spices from around the world. It is usually found in the form of a semi-solid extract. Oleoresins have different properties depending on the spice or herb they are derived from. They have a wide range of pharmacological and antioxidant properties and are used in the pharmaceutical, healthcare, food and beverage industries.

The growing market for packaged junk food and fast food products as a result of increasing per capita income and changing consumer preferences is one of the key factors affecting the use of oleoresins in the food and beverage industry. Additionally, due to significant population growth, there is an increased interest in regional culinary traditions with exotic flavors, influencing the use of oleoresins in upscale restaurants and hotels. In addition, increasing consumer awareness of the importance of health and willingness to spend money on quality ingredients is motivating food manufacturers to replace chemical additives with healthy food ingredients. Apart from that, oleoresins are becoming increasingly important in the pharmaceutical market for the manufacture of generic drugs, as well as in the personal care industry for the manufacture of skin care products and cream lotions. In addition, their consumption is expected to increase with the growing agricultural sector, where oleoresins are used as natural pigments and flavorings in stable feed.

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Black pepper oleoresin is widely used in the food and beverage industry

Black Pepper Oleoresin is an organic food additive derived from the berries of Piper nigrum L. It is a free flowing, olive green liquid with a peppery odor and pungency at room temperature. It is used as a preservative and to flavor meat and fish products. In the food industry, black pepper oleoresin is often used as a coloring and flavoring agent. Black pepper oleoresins are more commonly used in traditional medicinal systems such as Siddha, Ayurveda and Unani. It is used in the manufacture of medicines as well as in the treatment of various diseases and conditions such as heart disease, indigestion, constipation, joint pain, insomnia, etc.

Regional overview of the oleoresin market

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the regional classification of the global Oleoresin Market. In terms of value, the Asia Pacific region is expected to be the fastest growing in the oleoresin market over the next few years. Higher levels of production, easier access to raw materials, and the use of new manufacturing technologies are all a result of this growth. Asia Pacific is the world’s largest producer and exporter of spices and herbal products. However, the regional market is driven by the region’s major spice-producing countries, which include India, China, Indonesia and Malaysia. The product’s stability and compatibility in food, beverage, cosmetic and pharmaceutical applications should boost demand in the region.

Oleoresin Market Segmentation

The global oleoresin market has been segmented by Acumen Research and Consulting based on product and application. Based on the product, the market is segmented into Paprika, Paprika, Black Pepper, Garlic, Turmeric, Ginger, Onion, Herb, Seed Spice and Others. Based on application, the market is segmented into food, beverage, nutraceutical, fragrance, pharmaceutical, and others.

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Oleoresin Market Participants

Some major players of oleoresin industry worldwide are Ozone Naturals, PT Indesso Aroma, Kancor Ingredients Ltd., Paprika Oleo’s India Limited, Universal Oleoresins, Synthite Industries Ltd., Akay Group Ltd., Paras Perfumers, Kalsec Inc., Givaudan, Plant Lipide and Chenguang Biotech Group Co.Ltd.

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