Oleoresin Market 2021|Global Industry Size, Statistics, Share, Growth Rate, Emerging Trends, Regional Analysis by Key Players | Research Report Forecast to 2030

In a recently published report, Oleoresin Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Oleoresin Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Oleoresin Market is valued approximately at USD 1.1 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2019-2026. Oleoresins are used as an alternative for ground spices, they have aroma and taste. They can be changed according to the specific flavor requirement of different products. Oleoresins have a long shelf life, which makes them lesser prone to any kind of bacterial infection. Factors such as increasing demand for processed food products, growing product demand in the pharmaceutical industry, is increasing the demand of the market. The rise in awareness regarding the side-effects of synthetic flavors and health benefits offered by phytomedicines and herbal extracts is augmenting the demand for Oleoresin. Rising food industry coupled with the increasing research and development in the industry will boost the growth of global Oleoresin market over the forecast period of 2019-2026.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

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The regional analysis of global Oleoresin Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the strongest economies and widespread industries, which create demand for fortified nutritional food & beverage products. Whereas, Asia Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as growing population, rising income, increasing purchasing power, and plant-derived nutritional & health products would create lucrative growth prospects for the Oleoresin Market across Asia Pacific region.

Major market player included in this report are:
Akay Group Ltd.
The Hain Celestial Group
Synthite Industries Private Ltd.
AVT Naturals
Givaudan
Pt. Indesso Aroma
Vidya Herbs Private Limited
Ungerer & Company
Kancor Ingredients Limited
Plant Lipids

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Source:
Paprika
Capsicum
Seed Spices
Turmeric
Herbs
Ginger
Cinnamon & Cassia
Others

By Application:
Food & Beverages
Pharmaceuticals & Nutraceuticals
Personal Care Products
Feed

By Extraction Process:
Solvent Extraction
Supercritical Fluid Extraction Process

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By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

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