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.
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As per the report, Europe held a considerable share in the market in 2017. 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.
Furthermore, consumer preference shift towards the 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
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- Capsicum and Paprika
- Black Pepper
- Food & Beverage
- Fragrance Industry
- North America
- Asia Pacific
- Latin America
Algatechnologies Ltd., to Gain from Fucovital’s Launch
The global oleoresin market is expanding and witnessing the entry of new players. Market players are adopting innovative strategies to gain a 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 from microalgae and is a natural 3% fucoxanthin. 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., Chr. Hansen, Paprika Oleo’s, and Cymbio Pharma Private Limited.
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