Meticulous Research®—a leading global market research company, published a research report titled, 'Oleoresins Market Size, Share, Forecast, & Trends Analysis by Source (Spices {Paprika, Black Pepper, Turmeric}, Capsicum, Marigold, Garlic), Extraction Process (Solvent Extraction), Application (Food and Beverages, Pharmaceuticals) - Global Forecast to 2031.'

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A recent analysis by Meticulous Research® forecasts that the oleoresins market will achieve a valuation of $2.49 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. This growth is driven by rising demand for oleoresins in the food and beverage and pharmaceutical sectors, an increasing preference for natural colors and flavors, and the expanding trend of ethnic foods. However, the market could face challenges from fluctuations in raw material prices and the availability of substitute products.

Opportunities for market expansion are emerging from the increasing demand for natural and organic food products, vegan beauty items, and the growing use of oleoresins in animal feed. Despite these opportunities, the market faces hurdles such as high production costs and stringent regulatory requirements.

Key Trends:

Increasing adoption of clean-label products.
Growing demand for self-grooming products.
Major Market Players:
The oleoresins market is characterized by a competitive landscape with global, regional, and local players. Key participants include Synthite Industries Ltd. (India), Kalsec Inc. (U.S.), Symrise AG (Germany), Universal Oleoresins (India), Ozone Naturals (India), Givaudan SA (Switzerland), Akay Natural Ingredients Private Limited (India), Mane Kancor Ingredients Private Limited (India), Paprika Oleos Ltd (India), Plant Lipids Private Limited (India), AVT Natural Products Limited (India), Henry Lamotte Oils GmbH (Germany), Vidya Herbs Pvt Ltd. (India), Extractos Vegetales S.A. (Spain), and Rüther Gewürze GmbH (Germany).

Market Segmentation:

Source:
The market is segmented by source into spices (e.g., paprika, black pepper, turmeric, seed spices), capsicum, marigold, garlic, onion, herbs, and other sources. The spices segment is anticipated to dominate with a 44.6% share in 2024, owing to their extensive use in food, beverages, pharmaceuticals, animal feed, and cosmetics.

Application:
Segmented by application into food and beverages, cosmetics and personal care, pharmaceuticals and nutraceuticals, animal feeds, and other uses. The food and beverages segment is expected to lead with a 36.1% share in 2024, driven by the growing preference for natural and organic ingredients and the role of oleoresins in enhancing flavor, color, and aroma.

Geographic Overview:
The report covers key regions including North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Russia, Belgium, Netherlands, and others), Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, and others), Latin America (Brazil, Mexico, Argentina, and others), and the Middle East & Africa. Europe is projected to hold the largest share of 34.5% in 2024, driven by increased health consciousness, demand for natural ingredients, and spending on vegan and health products.

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