Oleoresins Market By Size, Growth, Trends and Forecast 2019-2029

Summary

Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 1.39 Billion
Market Size (2029)	USD 1.92 Billion
CAGR (2024-2029)	5.71%
Fastest Growing Segment	Paprika
Largest Market	Asia-Pacific

Market Overview

Global Oleoresins Market was valued at USD 1.39 Billion in 2023 and is anticipated to project impressive growth in the forecast period with a CAGR of 5.71% through 2029. Oleoresins are natural extracts obtained through a solvent extraction process, comprising a complex mixture of resins and fatty oils. They offer numerous advantages compared to traditional herbs and spices, such as cost-efficiency, heat stability, flavor consistency, prevention of microbial contamination, ease of storage and handling, and extended shelf life. The application of different oleoresins varies based on their properties. For instance, paprika oleoresin finds primary use as a colorant and flavoring agent in cheese, sauces, beverages, confectionery, and processed meat products. Meanwhile, black pepper oleoresins are extensively employed in health products for their taste-enhancing and antioxidant properties.

Key Market Drivers

Increasing Demand in Food & Beverages Industry

The global food and beverage industry's burgeoning demand is projected to significantly surge the market demand for oleoresins worldwide. Oleoresins, derived from various plant sources, are concentrated, and naturally occurring mixtures of oil and resin. These versatile compounds are widely used as flavoring and coloring agents in the food and beverage sector, adding depth and richness to a wide range of products. With their high stability and long shelf-life, oleoresins are an ideal choice for extending the life and enhancing the flavor of various food products. By incorporating oleoresins, manufacturers can meet the rising consumer preference for natural and organic products while also providing an economical and efficient solution for the industry.

Furthermore, the growing global population, coupled with the escalating demand for ready-to-eat and processed foods, further escalates the need for oleoresins. As consumers seek convenient and flavorful options, the demand for food products enhanced with oleoresins is set to rise. As the food and beverage industry continues to expand, the global demand for oleoresins is poised to witness an impressive upward trajectory. As manufacturers recognize the value of these natural extracts, oleoresins will continue to play a vital role in meeting consumer demands and shaping the future of the industry.

Increased Use in Pharmaceuticals for Their Antioxidant Properties

The global demand for oleoresins is seeing an unprecedented surge, primarily driven by their increasing use in pharmaceuticals due to their potent antioxidant properties. Oleoresins, derived from natural sources, are concentrated substances that contain fully preserved aromatic profiles of their source. Their versatile antioxidant properties make them indispensable in the formulation of a range of pharmaceutical products. As antioxidants, oleoresins help in combating oxidative stress, a leading cause behind several chronic and degenerative diseases such as heart disease, cancer, and neurological conditions. This therapeutic potential has led pharmaceutical companies to increasingly incorporate oleoresins in their products, boosting their demand worldwide. Furthermore, the growing emphasis on natural and organic ingredients in medicines due to consumers' rising health consciousness and preference for minimal side effects is expected to further fuel this demand. As pharmaceutical companies continue to innovate and develop drugs that are safe, effective, and natural, the use of oleoresins is anticipated to grow exponentially, pushing their global demand to new heights.

Rising Adoption in Personal Care & Cosmetic Products

The rising trend of adopting natural ingredients in personal care and cosmetic products is expected to boost the global demand for oleoresins. As consumers become more aware and concerned about the potential harm posed by synthetic ingredients, they are turning towards products with natural ingredients for safer and more environmentally friendly options. Oleoresins, which are concentrated natural extracts from herbs and spices, carry the essence of the plants' aromatic characteristics and beneficial properties. They are being increasingly incorporated into personal care and cosmetic products such as skin creams, perfumes, shampoos, and soaps. The use of oleoresins not only enhances the product's sensory appeal but also its therapeutic benefits, such as anti-inflammatory and antimicrobial properties. Furthermore, oleoresins are stable and have a longer shelf life compared to fresh herbs and spices, making them an attractive choice for manufacturers. As the personal care and cosmetics industry continues to evolve and grow, the demand for oleoresins is set to follow suit, propelling its global market to new heights.

High Demand in Fragrances & Perfumes

The burgeoning demand in the Fragrances and Perfumes sector is anticipated to provide a significant boost to the global Oleoresins market. Oleoresins, essentially concentrated natural extracts that house the flavor and aroma of the source spice, are frequently used as vital ingredients in perfumes and fragrances due to their long-lasting scent and natural essence. With the perfume industry undergoing a boom, largely driven by rising consumer affluence, changing lifestyle trends, an increasing emphasis on personal grooming, and the growing interest in luxury and premium fragrances, the demand for oleoresins is predictably on the rise. This trend is further amplified by the perfume industry's shift towards using natural ingredients, an attempt to cater to an increasingly conscious consumer base. Hence, the surge in demand for fragrances and perfumes, combined with the consumer preference for natural and sustainable products, is expected to drive the global demand for oleoresins significantly.

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Key Market Challenges

High Production Costs

High production costs are expected to play a significant role in decreasing the global demand for oleoresins. Oleoresins, a group of natural flavor and fragrance intensifying agents, are extensively utilized in various industries such as food and beverage, pharmaceutical, and cosmetics. However, their production is a highly resource-intensive process, both in terms of raw materials and energy, which subsequently pushes up the overall production cost. As these increased costs are typically passed on to the end consumers, the affordability of these products is negatively impacted. This effect is particularly pronounced in developing economies, where consumers are price-sensitive. In addition, the high costs also deter small and medium businesses from incorporating oleoresins into their products due to budget constraints. Consequently, these businesses are forced to opt for cheaper, synthetic alternatives. Furthermore, the environmental impact of the high energy-consuming extraction processes is another deterrent for environmentally conscious consumers and companies, prompting them to seek out more sustainable options. Therefore, high production costs, along with these associated factors, are expected to weigh heavily on the global demand for oleoresins.

Competition From Synthetic Alternatives

The global market for oleoresins has been witnessing a significant decline in demand, primarily driven by the emergence and increasing popularity of synthetic alternatives. Oleoresins, commonly used in food production, pharmaceuticals, and cosmetics, have traditionally been favored for their natural derivation and potent flavoring and medicinal properties. However, the synthetic counterparts are gaining traction due to their cost-effectiveness, consistency, and scalability in production. They can be synthesized in large batches with controlled quality and precision, which is particularly appealing to large-scale industries. The environmental impact from cultivating and processing raw materials for oleoresins is another consideration favoring synthetic options. Furthermore, synthetic alternatives can mimic or even enhance the flavors and medicinal properties traditionally associated with oleoresins. As sustainability, cost efficiency, and consistency continue to be prioritized, the shift toward synthetic alternatives is expected to persist, exacerbating the decline in oleoresins demand on a global scale.

Key Market Trends

Advancements in Extraction Technologies

Advancements in extraction technologies are poised to propel the global demand for oleoresins. Oleoresins, known for their potent flavor and medicinal properties, are primarily extracted from spices and herbs using traditional solvent extraction methods. However, these methods often degrade the active compounds and result in loss of flavor and medicinal potency. The advent of new extraction technologies like supercritical fluid extraction (SFE) and subcritical water extraction (SWE) are paving the way for more efficient and effective extraction. SFE, for instance, uses carbon dioxide under high pressure to extract oleoresins, retaining their flavor and medicinal properties while eliminating possible chemical contamination. Similarly, SWE uses water under specific pressure and temperature conditions, ensuring the oleoresins are extracted without degradation. These technological advancements not only enhance the quality of the extracted oleoresins but also increase yield, making the process cost-effective. As consumer awareness about these high-quality, chemically pure oleoresins grows, so does the demand. Hence, advancements in extraction technologies are expected to drive a significant increase in the global demand for oleoresins.

Increased Use in Dietary Supplements

The global increase in the use of dietary supplements is pushing up demand for oleoresins. Oleoresins are highly concentrated substances derived from raw spices, carrying the spice's flavor and heat. They are commonly used in the food and beverage industry, and have found a new avenue in dietary supplements due to their antioxidant, antifungal, and antimicrobial properties. As consumers become more health-conscious and educated about the ingredients in their supplements, the demand for natural, plant-based options has surged. Oleoresins, being entirely natural and highly potent, fit the bill perfectly. For instance, capsaicin oleoresin from chili peppers is used for its anti-inflammatory and pain relief properties, while garlic oleoresin is popular for its cardiovascular benefits. The burgeoning fitness and health industry are fueling the growth of dietary supplements, and consequently, the demand for oleoresins. Moreover, manufacturers are turning to oleoresins as a sustainable and efficient alternative to whole spices, which require extensive storage and have a shorter shelf-life. This trend, coupled with the rising use of dietary supplements, is expected to positively impact the global demand for oleoresins.

Segmental Insights

Source Insights

Based on the Source, Paprika oleoresins, derived from the dried fruits of Capsicum annuum, currently dominate the Global Oleoresins Market. Their extensive usage in culinary applications worldwide can be attributed to their vibrant coloring properties, which add visual appeal to various dishes, and their mild flavor that enhances the overall taste. Furthermore, paprika oleoresins offer a wide range of shades, from bright red to deep orange, providing chefs and food manufacturers with ample opportunities to create visually stunning and appetizing products.

These versatile oleoresins have become a preferred choice among culinary experts, allowing them to unleash their creativity and craft flavorful experiences for consumers to relish and enjoy. With their distinct aroma and rich flavor profile, paprika oleoresins can transform ordinary dishes into extraordinary culinary masterpieces. Whether it's adding a touch of warmth and smokiness to soups and stews or infusing a vibrant hue to sauces and dressings, paprika oleoresins offer endless possibilities for culinary innovation. Moreover, the production of paprika oleoresins involves a meticulous process that ensures the preservation of their natural characteristics and nutritional value. The dried fruits of Capsicum annuum undergo a careful extraction method, where the essential oils and pigments are carefully extracted, resulting in concentrated oleoresins that retain the true essence of paprika. This attention to detail guarantees that chefs and food manufacturers can consistently deliver high-quality and authentic paprika flavor to their creations.

Application Insights

Based on the Application, the Food & Beverages sector is currently dominating the global Oleoresins market. This is primarily attributed to the rising consumer demand for natural food preservatives and flavor enhancers, as well as the growing awareness among consumers regarding the numerous health benefits associated with the consumption of oleoresins. Furthermore, this segment's remarkable growth is propelled by the expanding global food and beverage industry, which is constantly introducing new and innovative products to cater to evolving consumer preferences. Additionally, the increasing trend of organic and healthy eating has further contributed to the surge in demand for oleoresins, as consumers seek out natural and sustainable ingredients to enhance the flavor and nutritional value of their food and beverages.

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Regional Insights

In the Global Oleoresins Market, the region that stands out as the dominant force is Asia-Pacific. This can be attributed to various factors, including the significant demand for natural flavoring and coloring agents in the rapidly expanding food and beverage industry. Moreover, the region benefits from the increasing consumer awareness regarding the health advantages associated with the usage of oleoresins. As we delve deeper into the reasons behind Asia-Pacific's success in the oleoresins market, we find that the region boasts a rich biodiversity of plants and spices, providing a diverse range of raw materials for oleoresin production. This abundant availability of botanical resources gives Asia-Pacific a competitive edge, ensuring a steady supply chain and fostering innovation in product development. Furthermore, Asia-Pacific's strategic geographical location facilitates trade and export opportunities, enabling seamless distribution of oleoresins to global markets. The region's well-established infrastructure and logistics network ensure efficient transportation, minimizing delays and ensuring the freshness and quality of the products.

Additionally, the strong government support and favorable regulatory environment in Asia-Pacific play a pivotal role in the growth of the oleoresins market. Governments in the region actively promote sustainable agricultural practices and encourage investments in research and development, leading to advancements in extraction techniques and quality control measures. With a combination of these factors, Asia-Pacific has firmly established itself as a key player in the global oleoresins market, showcasing its immense potential for further growth and development. As the demand for natural and clean-label ingredients continues to rise, Asia-Pacific is well-positioned to meet the evolving needs of industry and capitalize on emerging opportunities.

Recent Developments

In February 2024, Lionel Hitchen inaugurated FutureFlavours, drawing inspiration from the metaverse and AI. Responding to the preferences of the younger demographic, the company leveraged AI technology to establish its digital presence in the Metaverse via a spatial platform. This initiative enabled the showcasing of its products and facilitated customer interaction within a digital environment.
In December 2023, KALSEC Inc. launched a new Finishing and Distribution Centre in Singapore, marking a strategic move to broaden its global reach. With the aim of better serving food and beverage brands and manufacturers, this expansion strengthens the company's international presence.
November 2023 witnessed KALSEC Inc. further extending its reach across the European continent with the inauguration of its Innovation Centre of Excellence in Wageningen, Netherlands.

Key Market Players

Synthite Industries Ltd.
Kalsec Inc.
Universal Oleoresins
Ozone Naturals
Mane KANCOR
Silverline Chemicals Ltd
Lionel Hitchen
Naturite Agro Products Ltd.
Akay Natural Ingredients Private Limited
Synthite Industries Ltd.

By Source		By Application	By Extraction Process	By Region
	Paprika Capsicum Seed spices Turmeric Herbs Ginger Cinnamon & Cassia Others	Food & Beverages Pharmaceutical & Nutraceutical Personal Care Products Feed	Solvent Extraction Supercritical Fluid Extraction Process	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Oleoresins Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Oleoresins Market, By Source:

o Paprika

o Capsicum

o Seed spices

o Turmeric

o Herbs

o Ginger

o Cinnamon & Cassia

o Others

Oleoresins Market, By Application:

o Food & Beverages

o Pharmaceutical & Nutraceutical

o Personal Care Products

o Feed

Oleoresins Market, By Extraction Process:

o Solvent Extraction

o Supercritical Fluid Extraction Process

Oleoresins Market, By Region:

o North America

§ United States

§ Mexico

§ Canada

o Europe

§ France

§ Germany

§ United Kingdom

§ Italy

§ Spain

o Asia-Pacific

§ China

§ India

§ South Korea

§ Japan

§ Australia

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East and Africa

§ South Africa

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Oleoresins Market.

Available Customizations:

Global Oleoresins market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Oleoresins Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validations

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

3.6. Voice of Customer

4. Global Oleoresins Market Outlook

4.1. Market Size & Forecast

4.1.1. By Value

4.2. Market Share & Forecast

4.2.1. By Source (Paprika, Capsicum, Seed spices, Turmeric, Herbs, Ginger, Cinnamon & Cassia, Others)

4.2.2. By Application (Food & Beverages, Pharmaceutical & Nutraceutical, Personal Care Products, Feed)

4.2.3. By Extraction Process (Solvent Extraction, Supercritical Fluid Extraction Process)

4.2.4. By Region

4.2.5. By Company (2023)

4.3. Market Map

5. North America Oleoresins Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Source

5.2.2. By Application

5.2.3. By Extraction Process

5.2.4. By Country

5.3. North America: Country Analysis

5.3.1. United States Oleoresins Market Outlook

5.3.1.1. Market Size & Forecast

5.3.1.1.1. By Value

5.3.1.2. Market Share & Forecast

5.3.1.2.1. By Source

5.3.1.2.2. By Application

5.3.1.2.3. By Extraction Process

5.3.2. Canada Oleoresins Market Outlook

5.3.2.1. Market Size & Forecast

5.3.2.1.1. By Value

5.3.2.2. Market Share & Forecast

5.3.2.2.1. By Source

5.3.2.2.2. By Application

5.3.2.2.3. By Extraction Process

5.3.3. Mexico Oleoresins Market Outlook

5.3.3.1. Market Size & Forecast

5.3.3.1.1. By Value

5.3.3.2. Market Share & Forecast

5.3.3.2.1. By Source

5.3.3.2.2. By Application

5.3.3.2.3. By Extraction Process

6. Europe Oleoresins Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Source

6.2.2. By Application

6.2.3. By Extraction Process

6.2.4. By Country

6.3. Europe: Country Analysis

6.3.1. Germany Oleoresins Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Source

6.3.1.2.2. By Application

6.3.1.2.3. By Extraction Process

6.3.2. United Kingdom Oleoresins Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Source

6.3.2.2.2. By Application

6.3.2.2.3. By Extraction Process

6.3.3. Italy Oleoresins Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecasty

6.3.3.2.1. By Source

6.3.3.2.2. By Application

6.3.3.2.3. By Extraction Process

6.3.4. France Oleoresins Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Value

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Source

6.3.4.2.2. By Application

6.3.4.2.3. By Extraction Process

6.3.5. Spain Oleoresins Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Value

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Source

6.3.5.2.2. By Application

6.3.5.2.3. By Extraction Process

7. Asia-Pacific Oleoresins Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Source

7.2.2. By Application

7.2.3. By Extraction Process

7.2.4. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Oleoresins Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Source

7.3.1.2.2. By Application

7.3.1.2.3. By Extraction Process

7.3.2. India Oleoresins Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Source

7.3.2.2.2. By Application

7.3.2.2.3. By Extraction Process

7.3.3. Japan Oleoresins Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Source

7.3.3.2.2. By Application

7.3.3.2.3. By Extraction Process

7.3.4. South Korea Oleoresins Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Source

7.3.4.2.2. By Application

7.3.4.2.3. By Extraction Process

7.3.5. Australia Oleoresins Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Source

7.3.5.2.2. By Application

7.3.5.2.3. By Extraction Process

8. South America Oleoresins Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Source

8.2.2. By Application

8.2.3. By Extraction Process

8.2.4. By Country

8.3. South America: Country Analysis

8.3.1. Brazil Oleoresins Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Source

8.3.1.2.2. By Application

8.3.1.2.3. By Extraction Process

8.3.2. Argentina Oleoresins Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Source

8.3.2.2.2. By Application

8.3.2.2.3. By Extraction Process

8.3.3. Colombia Oleoresins Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Source

8.3.3.2.2. By Application

8.3.3.2.3. By Extraction Process

9. Middle East and Africa Oleoresins Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Source

9.2.2. By Application

9.2.3. By Extraction Process

9.2.4. By Country

9.3. MEA: Country Analysis

9.3.1. South Africa Oleoresins Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Source

9.3.1.2.2. By Application

9.3.1.2.3. By Extraction Process

9.3.2. Saudi Arabia Oleoresins Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Source

9.3.2.2.2. By Application

9.3.2.2.3. By Extraction Process

9.3.3. UAE Oleoresins Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Source

9.3.3.2.2. By Application

9.3.3.2.3. By Extraction Process

10. Market Dynamics

10.1. Drivers

10.2. Challenges

11. Market Trends & Developments

11.1. Recent Development

11.2. Mergers & Acquisitions

11.3. Product Launches

12. Global Oleoresins Market: SWOT Analysis

13. Porter’s Five Forces Analysis

13.1. Competition in the Industry

13.2. Potential of New Entrants

13.3. Power of Suppliers

13.4. Power of Customers

13.5. Threat of Substitute Products

14. Competitive Landscape

14.1. Synthite Industries Ltd.

14.1.1. Business Overview

14.1.2. Service Offerings

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. SWOT Analysis

14.2. Kalsec Inc.

14.3. Universal Oleoresins

14.4. Ozone Naturals

14.5. Mane KANCOR

14.6. Silverline Chemicals Ltd

14.7. Lionel Hitchen

14.8. Naturite Agro Products Ltd.

14.9. Akay Natural Ingredients Private Limited

14.10. Synthite Industries Ltd..

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Oleoresins Market in 2023?

The market size of the Global Oleoresins Market was estimated to be USD 1.39 Billion in 2023.

Which was the dominant segment by application in the Global Oleoresins Market in 2023?

The Food & Beverages sector leads the global Oleoresins market, driven by the rising demand for natural food preservatives and flavor enhancers. The growing consumer awareness of the health benefits and the expanding global food and beverage industry contribute to this segment's growth. Organic and healthy eating trends further propel the market.

Which is the dominant region in the Global Oleoresins Market?

Asia-Pacific is the dominant force in the Global Oleoresins Market. It owes its success to factors like high demand for natural flavoring and coloring agents in the expanding food and beverage industry, as well as growing consumer awareness of the health benefits of oleoresins. With these advantages, Asia-Pacific is a key player in the market, poised for further growth and development.

What are the major drivers for the Global Oleoresins Market?

Increasing demand in food & beverages industry and increased use in pharmaceuticals for their antioxidant properties are the major drivers for the Global Oleoresins Market.

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Press Release

Oleoresins Market to Grow with a CAGR of 5.71% through 2029

Apr, 2024

Rising adoption in personal care & cosmetic products and advancements in extraction technologies is expected to drive the Global Oleoresins Market growth in the forecast period, 2025-2029

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