Oleoresins are a naturally arising amalgamation of oil and resin that is obtained from plants. They are a highly concentrated ingredient that is accessible in liquid form. Oleoresins are volatile or non-volatile mixtures acquired from spices using solvents. They demonstrate more shelf-stable than the whole spice and can be custom-made to match the requirements of the buyers. They are mostly used in processed foods such as soups, sauces, dressings, cheeses, chutneys, confectionery products, snacks, processed meat & seafood, baked food, processed vegetables, other dairy products, and beverages.
As a result, oleoresins have major benefits over whole or ground spices. Oleoresins are comfortable to store and transport since concentrated forms reduce space and bulk. They can be more heat stable than raw spices and have a longer shelf life due to lower moisture content.
Increasing gastrointestinal diseases are likely to surge the product demand due to its anti-inflammatory and anti-oxidant properties. Chilli oleoresins can also be seed used in pharmaceutical applications owing to their analgesia, antioxidant, anti-cancer and anti-inflammation properties. They help in lessening the free radicals in human body.
Besides, the oil and resins obtained from dried berries plant encourages the appetite and also delivers a reprieve from nausea, dysentery, and dyspepsia. Because of its anti-inflammatory and insecticidal features, the oleoresin acts as a nervous system depressant and also helps in monitoring temperature and discomfort.
The study analyses global oleoresins market based on source, application and geography.
The various sources through which oleoresins can be extracted are paprika, capsicum, seed spices, turmeric, herbs, ginger, cinnamon & cassia etc. Black pepper is extensively applied in food products because of its strong taste and spicy fragrant properties. Black pepper oleoresin is commonly made from ethanolic extraction mixed with little amount of dried ground black pepper. Mounting demand for this black pepper oleoresin due to its antioxidant & antimicrobial features is probable to certainly impact the global oleoresin market over the forecast period. Capsicum is broadly retailed across the advanced countries of Europe and America owing to its demand as a food supplement.
Moreover, comprehensive application in pharmaceutical is foreseeable to further boost the market growth over the forecast timeframe. Oleoresin is anticipated to observe a noteworthy progress in demand because of its existence in the Italian positive list. India is one of the significant producers and exporters of turmeric oleoresins. High demand for turmeric oleoresin in cosmetics and personal care sectors is projected to drive market in Asia Pacific. Turmeric oleoresins are extensively used in healthcare sector to overcome numerous skin diseases.
Oleoresins find application in food and beverages, pharmaceuticals & nutraceuticals, feed and personal care products. One of the imperative aspects adding to the rising product demand is its lipophilicity property, which lets food manufacturers to frame a variety of food products. Formulators are dedicated on providing halal and kosher certified oleoresins with tailored specifications together with diversified compound content.
Growing consumer awareness about the health advantages allied with oleoresins has encouraged pharmaceutical manufacturers to concentrate on the inclusion of oleoresin extracts for framing drugs. Several health benefits of oleoresins combined with improved product demand for drug preparations are reasons estimated to drive the market over the forecast period.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. The growing European market for oleoresins offers many opportunities. Rising competition for the spices, herbs and other raw materials for oleoresin extraction arouses European traders to search for new sources. For exporters, the manufacturing of oleoresins can be much more lucrative than the manufacturing of the raw materials alone. European consumers are observing for this added value, as they can use the oleoresins to produce a wide range of foods. They intensely value the natural origin of oleoresins. This feature involves extra attention to natural and sustainable production processes.
Robust global worries about the pandemic coronavirus have significantly but negatively inclined the global functioning of the food & beverage industry and the mentality of consumers, given the health risks. Moreover, factors such as consumer uncertainties, demand-supply volatility, trade and logistics, raw material supply and on the economic front, although prices of F&B products and agricultural produce have remained stable, a prolonged outbreak of COVID-19 will lead to economic instability and food inflation. While the short-term impacts are more evident, it is yet to be understood what impacts and what magnitude of impact the outbreak of COVID-19 will have on the supply chain in the long term.
Akay Group Ltd., Synthite Industries Private Ltd., AVT Naturals, Givaudan, Pt. Indesso Aroma, Vidya Herbs Private Limited, Ungerer & Company, Kancor Ingredients Limited, Plant Lipids, Kalsec Inc., Gazignaire, Universal Oleoresins among others are the major players active in the Oleoresins market.
The study analyses global oleoresins market based on source, application and geography. The various sources through which oleoresins can be extracted are paprika, capsicum, seed spices, turmeric, herbs, ginger, cinnamon & cassia etc. Oleoresins find application in food and beverages, pharmaceuticals & nutraceuticals, feed and personal care products. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. The growing European market for oleoresins offers many opportunities.
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