November 19, 2019
According to the latest study titled ‘Global Oleoresins Market, By Product (Paprika, Black Pepper, Capsicum, Turmeric, Ginger, Onion and Others), By Application (Food and beverage, Flavours, Pharmaceuticals and Others), By Region (North America, Europe, APAC and ROW), By Country (U.S, Canada, Mexico, U.K, Germany, Spain, India, China, Japan, Brazil)’ available with Market Study Report LLC, the global oleoresins market is estimated to grow with a CAGR of 9.98% through the year 2023.
Oleoresins, as term suggests, is mixture of oils and resins where semi-solid extract or resin forms a solution with essential oil. It occurs naturally in the form of balsam. Growth in economy, rising per capita income, along with rising food expenditure will drive the expansion of oleoresins market. However, the main factor propelling the market growth is the application of product in flavor industry, where it is used for the preparation of marinades, beverages, soups, sauces, dressings, and confectionary.
The study encompasses details about market size based on revenue shares and growth opportunities for individual segments. It analyses the competitive landscape of oleoresins market using SWOT analysis and Porter’s Five Force analysis methods. Information about the market dynamics covering drivers and restraints is also outlined in the report.
Based on product type, oleoresins market is segmented into black pepper, paprika, turmeric, capsicum, onion, ginger, and others. While speaking of application spectrum, the industry is split into flavors, food & beverage, pharmaceuticals, and others.
Considering the geographical landscape, the global oleoresins market is fragmented into four major regions, namely, Europe, APAC, North America, and rest of the world, with key focus on countries like U.S., Canada, U.K, Mexico, Spain, Germany, China, India, Brazil, and Japan.
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The report cites that North America oleoresins market held the largest regional share in 2018, owing to increased understanding and awareness regarding oleoresins and their applications across the region.
Some of the vendors that operate in oleoresins market are Kancor Ingredients ltd, Synthite Ingredients Ltd, Adani Pharmachem Pvt Ltd, Universal Oleoresins, Plant Lipids, Paprika Oleo’s India Ltd, Ozone Naturals, AVT Naturals Products Ltd, and Bhoomi Natural Products and Exports Pvt Ltd.
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