Oleoresin Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Oleoresin market is segmented By Product Type into Paprika, Black Pepper, Turmeric, Capsicum, Vanilla and other Product Types; By Application into Food and Beverage (Beverage, Bakery, Seasonings and Condiments, Meat and Seafood Products and Other Food and Beverages), Fragrance Industry, and Pharmaceuticals and Nutraceuticals ; & By Geography

Market Snapshot

Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: 5.6 %

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Market Overview

The global oleoresin market is forecasted to register a CAGR of 5.6%, during the forecast period (2020-2025). 

  • Oleoresins are popular in the beverages industry since they can be a great base flavor or part of a complex flavor profile. These can also be used to add natural color to beverages, further increasing their usability in this industry. The growing beverage industry directly drives the market growth for oleoresins. The wide varieties of oleoresins give them numerous possibilities to formulate new or improved natural foods and flavorings.
  • Manufacturers from food and beverage, pharmaceuticals, and other industries prefer utilizing it, as oleoresins are an economical option, with easier quality control and also require lesser storage space.
  • In contrast to essential oils, oleoresins contain many more non-volatiles. This fact makes them more interesting in the flavor and food industry.

Scope of the Report

Some of the prominent oleoresins include paprika, capsicum, turmeric, vanilla, black pepper, cardamom, and cinnamon, among others. Each of them have their own utilities and role in every industry such as food and beverage (beverage, bakery, seasonings, and condiments, meat and seafood products and other products), fragrance industry, and pharmaceuticals and nutraceuticals. The market is studied for different countries under each region. 
By Product Type
Black Pepper
Other Product Types
By Application
Food and Beverage
Seasonings and Condiments
Meat and Seafood Products
Other Food and Beverages
Fragrance Industry
Pharmaceuticals and Nutraceuticals
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Rest of Asia-Pacific
South America
Rest of South America
Middle East and Africa
South Africa
United Arab Emirates
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand From Food Manufacturers

Ethnic foods are gaining popularity worldwide. Indian, Thai, and Mexican foods are some of the most popular international flavors. Oleoresins from spices are interesting ingredients for food manufacturers to create such ethnic foods. Especially manufacturers of meat products, such as sausages, frequently apply oleoresins as ingredients. Instead of using marinades from flavoring manufacturers, some of them prepare their own marinades from oleoresins and other forms of spices (for example, dried spices). Several manufacturers of mayonnaise, sauces, marinades, and pickles also apply oleoresins as ingredients, instead of using products from flavoring manufacturers. Oleoresins are also heat-stable and easy to store. They are not susceptible to microbiological contamination and have a much longer expiration period than fresh or even dried spices. Food and flavoring manufacturers are constantly looking for unique flavors to develop new products. They are particularly interested in new types of oleoresins that are cost-effective and can give great results with limited usage.
Oleoresin Market�1

Europe Holds a Significant Market Share

The United Kingdom, Germany, and Spain are prominent users of oleoresins in the region, with the largest food and beverage industries. The region imports most of its oleoresins from Asian counties, particularly India. The ports in Belgium and Netherlands are important points of entry for imports to Northwestern Europe. The rising popularity of ethnic cuisines, such as Indian, Mexican, and Thai, has spurred the demand for oleoresins derived from spices among food manufacturers for instance pepper oleoresin, in order to mimic fresh pepper flavor. The region offers huge potential for oleoresin manufacturers, owing to increasing demand and fluctuations in the raw material supply within the region. For instance, oleoresin extractions for cardamom take place in countries, such as India and Sri Lanka; so they have export opportunities in the region, provided that they comply with the European regulations and standards for oleoresins. For example, the European legislation has permitted the usage of only few extraction solvents, namely, propane, butane, ethyl acetate, ethanol, carbon dioxide, acetone, and nitrous oxide.
Oleoresin Market 2

Competitive Landscape

The global market for oleoresins is a highly competitive market, comprising of many small and major players, like Synthite, Kancor, Universal Oleoresins, Ungerer & Company. The most adopted strategies of companies to acquire a major market share remains offering a large variety of product formulations to the consumers and constantly investing capital in upgrading and extending the products being offered. Product innovations are the next strategies preferred by companies to strengthen their market dominance. For instance, in June 2018:  Algatechnologies Ltd. had launched all-natural patented oleoresin “Fucovital”, which is   three percent fucoxanthin oleoresin produced and extracted from microalgae

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Product Type

      1. 5.1.1 Paprika

      2. 5.1.2 Black Pepper

      3. 5.1.3 Turmeric

      4. 5.1.4 Capsicum

      5. 5.1.5 Vanilla

      6. 5.1.6 Other Product Types

    2. 5.2 By Application

      1. 5.2.1 Food and Beverage

        1. Beverage

        2. Bakery

        3. Seasonings and Condiments

        4. Meat and Seafood Products

        5. Other Food and Beverages

      2. 5.2.2 Fragrance Industry

      3. 5.2.3 Pharmaceuticals and Nutraceuticals

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.3.2 Europe

        1. Spain

        2. United Kingdom

        3. France

        4. Germany

        5. Russia

        6. Italy

        7. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East and Africa

        1. South Africa

        2. United Arab Emirates

        3. Saudi Arabia

        4. Rest of Middle East & Africa


    1. 6.1 Market Share Analysis

    2. 6.2 Strategies Adopted by Players

    3. 6.3 Most Active Companies

    4. 6.4 Company Profiles

      1. 6.4.1 Kancor Ingredients Ltd

      2. 6.4.2 Synthite Industries Ltd

      3. 6.4.3 Kalsec Europe Ltd

      4. 6.4.4 Universal Oleoresins

      5. 6.4.5 Ungerer & Company

      6. 6.4.6 Mitsubishi Chemical Holdings Corporation (Taiyo Nippon Sanso)

      7. 6.4.7 Akay Group Ltd.

    5. *List Not Exhaustive

**Subject to Availability

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Frequently Asked Questions

The Oleoresin Market market is studied from 2016 - 2026.

The Oleoresin Market is growing at a CAGR of 5.6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Kancor Ingredients Ltd, Synthite Industries Ltd, Kalsec Europe Ltd, Universal Oleoresins, Ozone Naturals are the major companies operating in Oleoresin Market.

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