The Global Oleoresin Market was valued at USD 1,392 Mn in 2021 and is anticipated to grow to USD 2,439 Mn by 2030, with a sizable CAGR of 6.6% from 2022 to 2030.
Oleoresins are used in a number of sectors, including the food and beverage industry and the pharmaceutical industry. Food processors employ them to create beverages, prepared foods, fast food, curry powder, sugary items, soup powder, sauces, and noodles. Oleoresins have a robust base flavour and a straightforward flavour character, which makes them very popular in the food and beverage industries. In addition, these are utilised to naturally colour foods and beverages, which raises the need for oleoresins and, as a result, propels the expansion of the oleoresins market. The availability of oleoresins also makes it possible to develop unique or improved organic meals and flavourings. Instead of flavouring their spices, some firms prepare marinades and other types of spices. In addition, oleoresins are utilised as additives in the oleoresin market is driven by the creation of marinades, sauces, mayonnaise, and chutney. Drivers, the growing preference for utilising natural flavours when preparing meals a rise in pharmaceutical sector demand. a rise in the use of all-encompassing food ingredients excessive fast food consumption Restraints alterations in the raw material's price The availability of production varies by season. Opportunity rising need for phytogenics in feed Growing understanding of oleoresins' health advantages Article Coverage ...
