DUBLIN--(BUSINESS WIRE)--The "Oleoresins Market by Source, Application (Food & Beverages, Pharmaceutical & Nutraceutical, Personal Care Products, Feed), Extraction Process, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
Global Oleoresins Market is Estimated to be Valued at USD 1.2 Billion in 2019 and is Projected to Reach USD 1.7 Billion by 2025, Recording a CAGR of 6.0% from 2019 to 2025
Factors such as the increasing awareness about the side-effects of synthetic flavors and health benefits associated with natural extracts are projected to drive the growth of the oleoresins market during the forecast period.
Based on application, the oleoresins market is segmented into food & beverages, pharmaceuticals & nutraceuticals, personal care products, and feed. The increasing consumer preference for natural medicines has led to the increasing use of oleoresins in the pharmaceutical segment. The changing consumer lifestyles, aging population, and awareness regarding the health benefits of natural products are factors projected to drive the demand for oleoresins as a raw material in nutraceutical products.
The oleoresins market in the Asia Pacific region is majorly driven by the increasing demand for natural plant-based products, due to factors such as the rising awareness about the health benefits of oleoresins, enhanced shelf life of oleoresins as compared to raw spices, better dietary choices, and high demand for natural flavors in the food & beverage industry.
The growing awareness about the side-effects of synthetic products has encouraged manufacturers to invest in the production of end products that contribute to the nutritive health of consumers. India is one of the major producers of oleoresins for various applications across regions. However, China is also witnessing an increase in the production of oleoresin products that are offered at lower costs, due to which the country is a major importer of oleoresins.
- Growth in Demand From the Food Industry
Rise in the Trend of Using Natural Flavors in Food Processing
- Burgeoning Demand for Processed Food
- Increase in the Presence of Modern Retail Outlets
- Growth in Awareness About Health Benefits Offered By Oleoresins
- Availability and Maintaining Stocks of Raw Materials and Price Fluctuations
- High Initial Investment Costs Prevent New Entrants From Entering the Market
- Increase in Demand for Feed Phytogenics
- Lack of Awareness and Ability to Distinguish Between Natural and Adulterated Products
- Akay Group Ltd.
- AVT Naturals
- Kalsec Inc.
- Kancor Ingredients Limited
- Plant Lipids
- Pt. Indesso Aroma
- Synthite Industries Private Ltd.
- Ungerer & Company
- Universal Oleoresins
- Vidya Herbs Private Limited
For more information about this report visit https://www.researchandmarkets.com/r/5wfmbg