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Oleoresins Market to Hit $3,761.82 Million by 2034, Growing at a 6.9% CAGR

04-22-2025 08:39 AM CET | Chemicals & Materials

Press release from: Polaris Market Research & Consulting

Oleoresins Market

Oleoresins Market

Oleoresins Market

The oleoresins market is expected to gain market growth during the forecast period of 2025 to 2034. Polaris Market Research analyses the market to account for USD 3,761.82 million by 2034 and is expected to register a CAGR of 6.9% in the above-mentioned forecast period. The market was valued at USD 1,938.78 million in 2024.

Market Definition

Oleoresins are thickened natural extracts derived from plants. They consist of an amalgamation of indispensable oil and a resinous, waxy substance. They carry natural dyes, steady oils, antioxidants, and any pungent compounds found in plant material. They are usually five to ten times more robust in flavor as contrasted to the consonant raw material. They are a significant concentrated option to spices, raw herbs, or flavors due to their concentrated and robust nature.

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In the food industry, oleoresin applications include restoring raw spices in food processing to obtain continuous quality, prolonged shelf life, and concentrated flavors. In pharmaceuticals, bioactive compounds present in oleoresins, such as curcumin in turmeric, are important for medicinal motives, particularly antimicrobial and anticancer applications. In cosmetics, their organic aroma and bioactive attributes render them popular in skincare products for anti-aging and wound healing.

Market Growth Drivers and Opportunities

• Increasing Usage in the Food and Beverage Industry: The food and beverage industry is expanding globally as consumers are insisting on packaged food due to ease. As per the US Bureau of Labor Statistics, in 2023, the US alone engaged 4,942,100 people in the industry. The food and beverage oleoresins industry is the biggest consumer of these products. These organic extracts serve as flavoring agents, giving rich, concentrated flavors to commodities such as soups, sauces, seasonings, and beverages, causing the oleoresin market to flourish.

• Growing Usage in the Pharmaceutical Industry: The pharmaceutical industry is witnessing rapid growth pushed by a rising focus on organic and herbal medications. As per the US Bureau of Labor Statistics, the US alone engaged 341,770 persons in pharmaceutical and medicine manufacturing in 2023, portraying the development of the pharmaceutical industry.

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Competitive Landscape

Firms are growingly concentrating on advancing green extraction procedures with supercritical fluid extraction surfacing as a key technological progression. Oleoresins market leaders are given as follows:

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

Geographical Outlook

Geographically, the market is analyzed across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America stood as a prominent oleoresins market in 2024 due to the growing demand for organic commodities in food, beverages, and personal care.
Asia Pacific is anticipated to record a significant share during the forecast period due to the augmenting food and beverage industry and growing adoption of organic components.

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Segmental Analysis

Polaris Market Research has segmented the oleoresins market report on the basis of product, extraction process, and application:

By Product
• Paprika
• Black Pepper
• Capsicum
• Turmeric
• Ginger
• Garlic
• Onion
• Seed Spice
• Herbs
• Others

By Extraction Process
• Solvent Extraction
• Supercritical Fluid Extraction

By Application
• Food
• Beverages
• Fragrances
• Pharmaceutical
• Nutraceutical
• Others

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About Polaris Market Research & Consulting, Inc:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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