Oleoresins Market Size, Share, Trends, Industry Analysis Report: By Product, Extraction Process (Solvent Extraction and Supercritical Fluid Extraction), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034
- Published Date:Apr-2025
- Pages: 125
- Format: PDF
- Report ID: PM3536
- Base Year: 2024
- Historical Data: 2020-2023
Oleoresins Market Overview
The oleoresins market size was valued at USD 1,938.78 million in 2024. The market is projected to grow from USD 2,068.79 million in 2025 to USD 3,761.82 million by 2034, exhibiting a CAGR of 6.9% during the forecast period.
Oleoresin is a concentrated natural extract derived from plants, typically obtained through solvent extraction or steam distillation. It contains both essential oils and resin compounds, often used for flavoring, fragrance, or medicinal purposes.
Consumers are becoming more health-conscious and environmentally aware, leading to a significant shift toward natural and organic products. The preference for ingredients sourced from nature has reduced the demand for synthetic chemicals and artificial additives. This change in consumer behavior is fueling the demand for oleoresins, which are natural plant extracts that provide flavors, colors, and fragrances without relying on artificial substitutes. The surge in demand for natural ingredients spans across various industries, including food, beverages, and cosmetics, thereby driving the oleoresins market demand.
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Growing awareness about the importance of healthy lifestyle has made consumers more cautious about the ingredients in their food, drinks, and personal care products. This shift has led to a preference for natural, plant-based substances perceived as healthier. Oleoresins, known for their medicinal and nutritional benefits, are a perfect fit for this industry trend. They are commonly used in functional foods, dietary supplements, and natural medicines that support better digestion, immunity, and overall health, thereby driving the oleoresins market growth.
Oleoresins Market Dynamics
Growing Demand from Food & Beverage Industry
The food & beverage industry is growing globally, as consumers are demanding packaged food due to convenience. According to the US Bureau of Labor Statistics, in 2023, the US alone employed 4,942,100 people in the industry. The industry stands as one of the largest consumers of oleoresins. These natural extracts serve as flavoring agents, delivering rich, concentrated flavors to products such as sauces, soups, snacks, beverages, and seasonings. The growing demand for convenience foods, combined with a preference for natural ingredients, has led to an increased reliance on oleoresins to improve both taste and aroma, thereby driving the oleoresins market development.
Expansion of Pharmaceutical Industry
The pharmaceutical industry is experiencing rapid expansion, driven by a growing emphasis on natural and herbal remedies. According to the US Bureau of Labor Statistics, the US alone employed 341,770 individuals in pharmaceutical and medicine manufacturing in 2023, showcasing the growth of the pharmaceutical industry. Oleoresins, known for their medicinal properties, are playing a significant role in this growth. Many oleoresins offer therapeutic benefits such as anti-inflammatory, antimicrobial, and antioxidant properties, making them valuable ingredients in the creation of natural medicines and supplements. Additionally, the rising demand for plant-based treatments is contributing to the increased use of oleoresins in pharmaceuticals, thereby driving the oleoresin market demand.
Oleoresins Market Segment Analysis
Oleoresins Market Assessment by Product Outlook
The oleoresins market segmentation, based on product, includes paprika, black pepper, capsicum, turmeric, ginger, garlic, onion, seed spice, herbs, and others. The black pepper segment is expected to witness significant growth in the forecast period. Black pepper oleoresins are highly valued for their strong flavor, aroma, and health benefits, such as anti-inflammatory and antioxidant properties. These attributes make them popular across industries such as food & beverage, pharmaceuticals, and personal care products. Additionally, consumer preferences for natural ingredients in flavoring and health applications are driving increased demand for black pepper oleoresins, thereby fueling the segmental growth.
Oleoresins Market Evaluation by Extraction Process Outlook
The oleoresins market segmentation, based on extraction process, includes solvent extraction and supercritical fluid extraction. The supercritical fluid extraction segment dominated the oleoresins market share in 2024. Supercritical fluid extraction is a modern and efficient method that uses carbon dioxide in its supercritical state to extract oleoresins from plants. This technique provides several benefits, including higher purity, better preservation of volatile compounds, and minimal use of solvents, making it environmentally friendly. The growing demand for high-quality, natural ingredients is driving the preference for supercritical fluid extraction in oleoresin extraction.
Oleoresins Market Regional Analysis
By region, the study provides the oleoresins market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2024, North America dominated the oleoresins market revenue, driven by the increasing demand for natural and organic products in food, beverages, and personal care. Consumers in the region are becoming more health-conscious, preferring products with fewer artificial additives. Oleoresins, being natural extracts, are gaining popularity due to their flavor-enhancing and health benefits. The demand for oleoresin in the US is growing, with a rising trend for clean-label and plant-based ingredients. Additionally, the growth of the pharmaceutical sector, where oleoresins are used for their medicinal properties, is driving the North America oleoresin market expansion.
The Asia Pacific oleoresins market is expected to record significant share during the forecast period, fueled by the expanding food & beverage industry and the increasing adoption of natural ingredients. Countries such as China, Japan, and South Korea are witnessing significant growth in demand, with a rising preference for herbal and plant-based products. The region’s strong agricultural base provides a steady supply of raw materials for oleoresins. Additionally, consumers are more willing to invest in health-conscious products as disposable incomes are increasing, thereby driving the oleoresin market growth in Asia Pacific.
India's oleoresins market is experiencing substantial growth driven by its robust agricultural sector and the increasing demand for natural, plant-based ingredients. The country’s diverse flora provides a wide range of sources for oleoresins. Oleoresins are widely used in food, beverages, and pharmaceuticals. Indian consumers are becoming more health-conscious, pushing the demand for natural additives instead of synthetic ones. The country's growing pharmaceutical and herbal medicine sectors are further contributing to the oleoresin market growth in India.
Oleoresins Market Key Players & Competitive Analysis Report
The oleoresins market ecosystem is constantly evolving, with numerous companies striving to innovate and distinguish themselves. Leading global corporations dominate the market by leveraging extensive research and development, and advanced techniques. According to the oleoresins market outlook, these companies pursue strategic initiatives such as mergers and acquisitions, partnerships, and collaborations to enhance their product offerings and expand into new markets.
New companies are impacting the industry by introducing innovative products to meet the demand of specific sectors. This competitive oleoresins market trend is amplified by continuous progress in product offerings. A few major players in the market are 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, and Universal Oleoresins.
Kalsec Inc., a family-owned company based in Kalamazoo, Michigan, USA, specializes in providing natural ingredients to the food & beverage industry. Founded in 1958, it has been involved in developing products derived from natural herbs, spices, vegetables, and hops. Kalsec focuses on enhancing the taste, appearance, and shelf life of food and beverage products through its range of solutions. These include flavor enhancements, food preservation methods, natural colors, and hop extracts for brewing. The company became a certified B Corp in April 2020. Kalsec's product range is diverse, covering various applications in the food and beverage sectors. The company offers flavor extracts and sensory enhancements to improve the taste and aroma of food products. It also provides food preservation solutions, such as antioxidants and preservatives from natural sources, to extend the shelf life of food products. Additionally, Kalsec develops natural color solutions for food and beverages. Its hop extracts are used in brewing to enhance the flavor and aroma of beer. These products help manufacturers create products with natural ingredients. Kalsec operates globally with a presence in North America, Europe, and Asia. The company has regional offices, laboratories, and sales teams in these regions, supporting its customer base. In North America, Kalsec is headquartered in Michigan, with additional facilities in the US. It maintains offices and laboratories in Europe to support European markets. In Asia, Kalsec has operations in China, Malaysia, and Singapore, with partnerships expanding its reach in the region. Kalsec offers ingredient solutions in powders, emulsions, and extracts, including oleoresins and essential oils. Their emulsification system provides oil and water dispersibility. Resources are available for natural flavor ingredients.
Paprika Oleo's India Limited (POIL) is a family-owned enterprise based in Virudhunagar, Tamil Nadu, India. Established in 1992, the company is involved in the manufacturing and export of chilies and chilli-based products. POIL continues a tradition of spice trading that began in 1909 and was among the first exporters of stemless chilies from India, starting in 1964. The company produces a variety of products, including paprika oleoresins, chili powder, chili flakes, capsicum oleoresins, and pure capsaicin. Additionally, it offers spice powders and blends such as turmeric powder, black pepper, and black mustard, as well as whole spices, including turmeric sticks, coriander, sesame seeds, and peanuts. These products are used in industries such as snacks, meat processing, sauces, seasonings, condiments, food, feed, and pharmaceuticals. Paprika Oleo's India Limited exports its products to over 40 countries across regions, including Asia, North America, Europe, Latin America, the Middle East, and Africa. The company's facilities in Tamil Nadu, India, include a spice grinding facility and an oleoresin facility that comply with international standards such as BRC, ISO 9001:2018, and FSSC 22000.
List of Key Companies in Oleoresins Market include
- 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
Oleoresins Industry Development
In January 2022, Lycored opened a new processing facility in New Jersey for single-solvent tomato oleoresin extraction. The facility is expected to expand the company's production capabilities.
Oleoresins Market Segmentation
By Product Outlook (Revenue USD Million, 2020–2034)
- Paprika
- Black Pepper
- Capsicum
- Turmeric
- Ginger
- Garlic
- Onion
- Seed Spice
- Herbs
- Others
By Extraction Process Outlook (Revenue USD Million, 2020–2034)
- Solvent Extraction
- Supercritical Fluid Extraction
By Application Outlook (Revenue USD Million, 2020–2034)
- Food
- Beverages
- Fragrances
- Pharmaceutical
- Nutraceutical
- Others
By Regional Outlook (Revenue USD Million, 2020–2034)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Oleoresins Market Report Scope
|
Report Attributes |
Details |
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Market Size Value in 2024 |
USD 1,938.78 million |
|
Market Size Value in 2025 |
USD 2,068.79 million |
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Revenue Forecast in 2034 |
USD 3,761.82 million |
|
CAGR |
6.9% from 2025 to 2034 |
|
Base Year |
2024 |
|
Historical Data |
2020–2023 |
|
Forecast Period |
2025–2034 |
|
Quantitative Units |
Revenue in USD million and CAGR from 2025 to 2034 |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
|
|
Regional Scope |
|
|
Competitive Landscape |
|
|
Report Format |
|
|
Customization |
Report customization as per your requirements with respect to countries, region, and segmentation. |
FAQ's
The oleoresins market size was valued at USD 1,938.78 million in 2024 and is projected to grow to USD 3,761.82 million by 2034.
The global market is projected to register a CAGR of 6.9% during the forecast period.
North America held the largest share of the global market in 2024.
A few key players in the market are 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, and Universal Oleoresins.
The supercritical fluid extraction segment dominated the market in 2024 due to its various benefits, including higher purity, better preservation of volatile compounds, and minimal use of solvents, making it environmentally friendly.
The black pepper segment is expected to witness significant growth during the forecast period as it is highly valued for its strong flavor, aroma, and health benefits, such as anti-inflammatory and antioxidant properties.
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