Oleoresins Market

Oleoresins Market Size, Share, Forecast Analysis, By Product (Paprika, Black Pepper, Capsicums, Turmeric, Ginger, Garlic, Onions, Seed), By Application (Food, Beverages, Fragrances, Pharmaceuticals), By Extraction Process & Region - Global Market Insights 2022 to 2032

Analysis of Oleoresins Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Oleoresins Market Outlook (2022-2032)

Presently, the global market for oleoresins stands at a value of US$ 1.5 billion and is predicted to surpass US$ 2.5 billion in sales revenue by the end of 2032. This is because worldwide demand for oleoresins is slated to increase at 6% CAGR from 2022 to 2032, reveals Fact.MR.

Growing preference for organic and natural ingredient products is anticipated to be the primary factor driving the sales of oleoresins over the coming years. Better shelf-stable nature and more natural flavour profile are offered by oleoresins as compared to whole spices or artificial flavourings and this is making food manufacturers more inclined towards their use and hence boosting market potential.

Growing population across the world, expansion of the food industry, rising demand for organic food products, surging number of QSRs (Quick Service Restaurants), rising demand for clean label products, growing awareness of benefits of phytomedicines, and increasing demand for feed phytogenics are other factors that could potentially promulgate shipments of oleoresins products. Demand for lecithin oleoresins, vanilla oleoresins, and other seed spice oleoresins is anticipated to witness a bright outlook through 2032.

Conversely, the availability of spices needed to produce oleoresins is an issue owing to the seasonal nature of spices and acts as a constraining factor for market development in the future. Fluctuations in raw material pricing and challenges faced while stocking raw materials are other restraints that could hurt oleoresin sales over the next ten years.

Moreover, stringent norms issued by governments to regulate imports and exports are also expected to create challenges for oleoresin manufacturers, especially the ones from India.

  • Processors importing spices from India are liable to pay a duty of 70% on the total import value or are required to re-export the product in value-added form within 120 days and this acts as a major challenge for the market in India. An appeal for an extension of the re-export period is being made to the government but the future of the verdict for that hangs in uncertainty.

The aforementioned factor affects the demand for oleoresins on a global scale since India is a prime source of oleoresins among other Asian and European countries.

A complete assessment of all the key oleoresins market trends, restraints, challenges, and drivers has been profiled in this latest oleoresins industry research survey by Fact.MR, a market research and competitive intelligence provider.

Report Attributes


Oleoresins Market Size (2022)

US$ 1.5 Billion

Projected Market Value (2032F)

US$ 2.7 Billion

Global Market Growth Rate (2022-2032)


Europe Market Share (2021)


Seed Spices Segment Growth Rate (2022-2032)

7.5% CAGR

United States Market Value (2022)

US$ 490 Million

China Market Growth Rate (2022-2032)

9.2% CAGR

Key Companies Profiled

  • Paras Perfumers
  • Manohar Botanical Extracts Pvt. Ltd.
  • TMV Aroma
  • Givaudan
  • Akay Group Ltd.
  • Plant Lipids
  • Kancor Ingredients Ltd.
  • Kalsec Inc.
  • Universal Oleoresins
  • Synthite Industries Ltd.
  • AVT
  • Indo-World
  • All-Season Herbs
  • Paprika Oleo's India Limited
  • Naturite Agro Products Ltd.
  • Ozone Naturals

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

What Opportunities for Oleoresin Start-ups are Prevalent in the Industry?

“New Entrants Can Focus on Product Innovation to Make a Mark in the Industry”

Aspiring oleoresin companies should invest in research and development to explore applications of oleoresins in different industries. Start-ups can also focus on developing innovative oleoresin products to disrupt the market and gain prominent market share in the global marketplace.

  • Microalgae specialist Algalif based in Iceland has created a state-of-the-art technology to develop concentrated astaxanthin oleoresin from microalgae and collaborated with Divi’s Nutraceuticals to develop AstaBead, which are beadlets that contain 5% astaxanthin. The new product has a scope of application in nutrition bars, fortified drinks, gummies, tablets, and twizzlers.
  • Resorcix, an Israeli start-up has developed a novel solution to combat Thermophilic Acidophilic Bacteria (TAB) that is responsible for ruining fruit-based drinks and beverages. The company developed the Flavorwatch solution based on a botanical oleoresin containing anti-TAB spoilage characteristics and is expected to revolutionize the beverages industry in the future.

Such innovations could pave the future road for the growth of the oleoresins market and inspire more upcoming players to create novel solutions and products.

Oleoresins market forecast by Fact.MR

Country-wise Insights

How is the United States Oleoresins Market Portrayed in This Fact.MR Survey?

“U.S. Market for Oleoresins Accounts for More than 80% Revenue Share in North America”

The United States is the most rewarding market for oleoresins in the North American region and is forecasted to maintain this stance across the forecast period. A progressive increment in the demand for oleoresins is expected to be observed in the country and this can be ascribed to the high demand for foods, beverages, pharmaceuticals, cosmetics, and personal care products.

Robust use of food additives in the packaged food industry and growing consumption of packaged foods in the U.S. are also expected to positively influence sales of oleoresin products over the forthcoming years. Currently, the sales revenue for the market in the United States is estimated to be around US$ 490 million.

Why are Japan & South Korea Crucial Oleoresins Markets in Asia Pacific?

“Plant-derived Traditional Medicine Practice Makes Japan & Korea Attractive Markets”

Asian countries such as Japan and Korea have been known to use traditional plant-based medicines for hundreds of years and the proven efficacy of these medicines is expected to drive their demand in the future. Modern drug-making practices are now focusing on including the herbs and ingredients used in traditional Japanese and Korean medicines and this is expected to favor market potential in these countries. Sales of oleoresins in Japan are projected to increase at a 4.5% CAGR from 2022 to 2032.

Which Countries are Ushering Demand for Oleoresins in Europe?

“Germany, United Kingdom, & Spain Prominent European Markets”

Changing consumer preferences and the presence of key food manufacturers in this region are prominent factors that are anticipated to promulgate sales of oleoresin products over the coming years. Moreover, the rising use of oleoresins in the pharmaceutical, personal care, and perfume industries is also expected to boost market potential in Germany, France, and the United Kingdom.

The growing popularity of ethnic cuisines such as Indian, Thai, Mexican, Chinese, and Middle Eastern in countries such as Germany and the U.K. is also expected to further boost sales of oleoresins through 2032. The market for oleoresins in Germany is predicted to exhibit expansion at a CAGR of 5.5% over the next ten years.

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Category-wise Insights

How is Use of Oleoresins in Food Applications Affecting Market Growth?

“Growing Demand for Oleoresins in Food Industry”

Based on application, the market for oleoresins is segmented into food, beverages, fragrances, pharmaceuticals, nutraceuticals, and other applications.

Increasing use of oleoresins in the food industry is expected to prominently drive the market revenue generation capacity across the forecast period. Food manufacturers are extensively using oleoresins to flavor their foods as they provide an authentic taste and are completely organic as the consumers expect them to be. A growing preference for organic ingredients over artificial flavoring and colors is also expected to boost the use of oleoresins in various food applications.

Growing consumer awareness regarding the health benefits associated with the use of oleoresins has pushed drug makers to use them in their drug formulation and this is expected to drive oleoresin demand in pharmaceutical applications over the forthcoming years.

What’s Driving the Popularity of Paprika Oleoresins?

“Excellent Anti-aging, Anti-inflammatory, Antioxidant Properties of Paprika Oleoresins”

Based on product, the market for oleoresins is segmented into paprika oleoresins, black pepper, capsicum oleoresins, turmeric, ginger, garlic, onions, seed spices, herbs, and others.

Paprika oleoresins are anticipated to account for a major market share over the next ten years. Exceptional antioxidant, anti-depression, anti-aging, and anti-inflammatory properties of paprika oleoresins are anticipated to drive their popularity and sales throughout the forecast period. Increasing use as coloring and flavoring agents in foods and the treatment of several diseases such as cancer, arthritis, and nausea is also expected to boost demand going forward.

Increasing use of capsicum oleoresins by law enforcement and the police is expected to further uplift overall market potential in the long run. The use of pepper spray has increased notably by the aforementioned parties and since capsicum oleoresins are crucial to the making of the same, it is expected to boost sales of capsicum oleoresins at a CAGR of 7.2% through 2032.

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Competitive Landscape

Key players in the oleoresins market are focusing on expanding their business scope and revenue generation capacity by launching new products.

  • In March 2021, LycoRed Ltd., a developer of value-added nutrients announced the launch of a new oleoresin. The new oleoresin product is formulated from Haematococcus Pluvialis algae and can be used in soft gels.
  • In December 2020, DolCas Biotech Ltd., a natural ingredient manufacturer announced the launch of Ginfort, which is a highly-concentrated all-natural ginger root extract. The proprietary extraction process used for Ginfort further optimizes the potency and functionality of oleoresins present in ginger.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Key Segments Covered in Oleoresins Industry Research

  • By Product:

    • Paprika
    • Black Pepper
    • Capsicums
    • Turmeric
    • Ginger
    • Garlic
    • Onions
    • Seed Spices
    • Herbs
    • Others
  • By Application:

    • Food
    • Beverages
    • Fragrances
    • Pharmaceuticals
    • Nutraceuticals
    • Other Applications
  • By Extraction Process:

    • Solvent Extraction
    • Supercritical Fluid Extraction
    • Other Processes
  • By Region:

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

- FAQs -

How big is the global oleoresins market?

In 2022, sales of oleoresins account for a valuation of US$ 1.5 billion.

What is the estimated value for the oleoresins market by 2032?

The global market for oleoresins is slated to reach US$ 2.7 billion by 2032.

What is the expected revenue CAGR for the global oleoresins market over the forecast period?

Worldwide Demand for oleoresins is forecasted to rise at 6% CAGR over the next ten years.

Which region holds the largest share in the global oleoresins market?

The European market for oleoresins accounts for 30% share of the global market.

Who are the top players in the global oleoresins market?

Givaudan, Akay Group Ltd., Plant Lipids, Kancor Ingredients Ltd., Kalsec Inc., Universal Oleoresins, Synthite Industries Ltd., AVT, Indo-World, and MRT GREEN PRODUCTS are some of key suppliers of oleoresins.

Oleoresins Market

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