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Easy to transport, more stable when heated, more economical to use, free from contamination, longer shelf life due to minimal oxidative degradation or loss of flavor are the major driving factors for Oleoresin Market
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Oleoresins Market To Reach USD 1.9 Billion By 2026 www.reportsanddata.com sales@reportsanddata.com
Market Summary Easy to transport, more stable when heated, more economical to use, free from contamination, longer shelf life due to minimal oxidative degradation or loss of flavor are the major driving factors for Oleoresin Market Market Size – USD 1.3 Billion in 2018, Market Growth - CAGR of 4.7%, Market Trends – Higher raw material Prices is a major restraint for market
Our Approach Market Summary According to the Reports and Data, global oleoresins market was valued at USD 1.3 Billion in 2018 and is projected to grow at a CAGR of 4.7% from 2019 to reach USD 1.9 Billion by the year 2026. As consumers are progressively becoming fitness conscious, there's an increasing modification towards natural and organic products across the world. An oversized number of processed meat and packaged foods manufacturers are moving towards using oleoresins as a substitute to ground spices thanks to hygiene and food safety concerns and straightforward transportability. Food manufacturers also are moving far from synthetic flavors and nature-identical colors and are using oleoresins instead. This shift has played a vital role in propelling the expansion of the industry. Oleoresins such as paprika, capsicum, black pepper, ginger, garlic, jalapeno, oregano, rosemary, thyme, and more are primarily demanded in the manufacturing of seasonings and condiments including sauces, dips, spice mixes and more. Owing to this, the industry has witnessed significant growth over the review period. Due to the ingredients found in oleoresins such as black pepper, turmeric, and more, there has been a growing demand for these ingredients by the nutraceuticals and pharmaceutical industry. The key players in this market include Akay Group (India), Synthite Industries Pvt. Ltd. (India), AVT Naturals (India), Givaudan (Switzerland), PT Indesso Aroma (Indonesia), Vidya Herbs Private Limited (India), Ungerer & Company (US), Kancor Ingredients Ltd. (India), Plant Lipids (India), Kalsec Inc.(US), Gazignaire (France), and Universal Oleoresins (India). To Get Sample Copy of Report visit @ https://www.reportsanddata.com/sample-enquiry-form/2531
Our Approach Market Summary Segments covered in the report: This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the Oleoresins market on the basis of source, application, extraction process and region: By Source (Volume Kilo Tons, Revenue, USD Million; 2019-2026) Paprika Capsicum Seed spices Turmeric Ginger Cinnamon & cassia Herbs Others (cardamom, floral, asafetida, tamarind, nutmeg, onion, and garlic) Click here to Get customization & check available discount for the report @ https://www.reportsanddata.com/discount-enquiry-form/2531
Our Approach Market Summary Application (Volume Kilo Tons, Revenue, USD Million; 2019-2026) Food & beverages Pharmaceuticals & nutraceuticals Personal care products Feed Others Extraction process (Qualitative) Solvent extraction Supercritical fluid extraction Regional Outlook (Volume Kilo Tons, Revenue, USD Million; 2019-2026) North America Europe Asia Pacific Middle East & Africa Latin America
Our Approach Market Summary Further key findings from the report suggest By type, turmeric based resins are extensively utilized in healthcare and pharmaceutical industries to treat several dermatological conditions. The rising application of turmeric oleoresins in food & beverage is thrusting the market growth. The rising food & beverages industry, especially in Asia Pacific, is projected to impel the market. The turmeric oleoresins are growing at a CAGR of 4.1% during the analysis period. Asia pacific region is expected to grow at a CAGR of 5.1% during the forecasted period. Increasing consumer awareness regarding the low-calorie diet and healthy diet is driving the market growth. Also, the major production rate is expected to foster the market. For instance, India is the one of the major producers of pepper oleoresins. The key players in this market include Akay Group (India), Synthite Industries Pvt. Ltd. (India), AVT Naturals (India), Givaudan (Switzerland), PT Indesso Aroma (Indonesia), Vidya Herbs Private Limited (India), Ungerer & Company (US), Kancor Ingredients Ltd. (India), Plant Lipids (India), Kalsec Inc.(US), Gazignaire (France), and Universal Oleoresins (India). To preserve the natural fragrance and other active components of delicate spices involves gentle processing, which is well-taken care by Universal Oleoresins (India), which gives separate extraction plants for various oleoresins and a steam distillation plant for obtaining volatile spice oils. Read More @ https://www.reportsanddata.com/report-detail/oleoresins-market
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