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Oleoresin Market- What will be the Short-term Impact of Coronavirus?

08-31-2020 01:10 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fortune BUsiness Insights

Oleoresin Market- What will be the Short-term Impact

The global oleoresin market is currently witnessing an increasing consumption of high quality food products. This was found by Fortune Business Insights in a report, titled “Oleoresin Market Size, Share and Global Trend By Product Type (Turmeric, Capsicum and Paprika, Black Pepper, Ginger), Application (Food & Beverage, Pharmaceuticals, Fragrance Industry) and Geography Forecast till 2026.” The report offers a comprehensive overview of the global market. As per the report, Europe held a considerable share in the market in 2017.

Some of the key players operating in the global oleoresin market are

AVT Naturals
Asian Oleoresin Company
Naturex, Ungerer & Company
Kalsec Inc.
Bioprex Labs
Universal Oleoresins
Ambe Group
Synthite Industries Ltd.
Hansen
Paprika Oleo’s and Cymbio Pharma Private Limited.

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https://www.fortunebusinessinsights.com/industry-reports/oleoresin-market-100201

The region is anticipated to emerge dominant during the forecast period 2019-2026. High consumption of authentic food and beverage in the region, coupled with well-established food and beverage industry present in the region are some factors likely to drive the market. Furtermore, consumer preference shift towards use of natural ingredients in the food preparation process is expected to fuel the demand for oleoresin extraction method.

Besides this, Europe is also among the top importers of oleoresin products such as oleoresin ginger, tree, and others. This in response is expected to enable growth in the global market.

The Asia Pacific oleoresin market is expected to expand at a relatively higher CAGR. The increasing production of diverse oleoresin products in nations such as India and China is anticipated to contribute towards the market expansion. Shifting preference of consumers in this region the towards consumption of exotic food, infused with exotic flavour, essence, and others is likely to fuel the demand for oleoresin.

The Asia Pacific market is likely to have major gains from increasing exports of oleoresins. This would also propel growth in the global market.

Rising Awareness about Eating Healthy will Foster Improved Growth Opportunities

On the basis of product, the global oleoresin market can be classified into turmeric, capsicum and paprika, black paprika, ginger, and others. Among these, the paprika segment is anticipated to witness the fastest growth during the forecast period.

Request A Sample Copy - Oleoresin Market Report

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/oleoresin-market-100201

The increasing consumption of paprika oleoresin as a flavoring and color agent in the processed food industry is likely to contribute towards the segment growth. The market is likely to gain from increasing use of paprika oleoresin in the production of cheese, spice mixture, sausage, and others. The paprika oleoresin is extracted specially from sweet red pepper pods to attain the appropriate quality. It is further expected to fuel the demand for oleoresin.

Major Segmentation includes:

By Product

Turmeric
Paprika
Black Pepper
Capsicum
Ginger
Others
By Application

Food & Beverage
Pharmaceuticals
Fragrance Industry
Others
By Geography

Increasing awareness about consumption of high quality food and organic food is a major factor expected to drive the global oleoresin market. On the contrary, high cost associated with oleoresin extraction machinery and plant is a factor that may restrain the market during the forecast period.

Algatechnologies Ltd., to Gain from Fucovital’s Launch

The global oleoresin market is expanding and witnessing entry of new players. Market players are adopting innovative strategies to gain higher share in the market. Some players are leveraging on product launch to attain a strong brand presence. For instance, Algatechnologies Ltd. announced Fucovital in 2018. Fucovital is produced and extracted form microalgae, and is a natural 3% fucoxanthin.

Have Any Query? Ask Our Research Experts

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/oleoresin-market-100201

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About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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