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Showing posts with the label Oleoresin Market

Global Oleoresin Market: Trends, Growth Drivers, and Forecast 2024-2030

  The global  oleoresin market  size is anticipated to reach USD 2.83 billion by 2030 and is anticipated to expand at a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth is attributed to the growing use of spice oleoresins for coloring and flavoring and is projected to drive the market growth.   Oleoresins, derived from specific spices like turmeric and paprika, are highly valued not only for flavor-enhancing properties but also for vibrant coloring attributes. These products find extensive applications in salad dressings and as coloring agents in pickled products. Oleoresins are particularly suitable for high-temperature food processing methods such as baking and frying. Furthermore, their solubility characteristics make them widely used additives in the food industry.  h Moreover, the flavor of the product may not be equivalent to their corresponding essential oils. Although, te product is thick, visco...

Oleoresin Market expected to reach USD 2.60 Billion by 2030

  Oleoresin Industry Overview The global oleoresin market size was valued at USD 1.43 billion in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 6.9% from 2022 to 2030.   Growing demand from healthcare, pharmaceutical, food, and beverage industries are driving forces of the global oleoresin market. Oleoresins are made from varied ingredients and spices, which are found all around the world. It is usually found in semi-solid extract form. A variety of oleoresins has multiple characteristics based on the spice they are derived from. They exhibit numerous therapeutic as well as antioxidant properties as well and are utilized in the pharmaceutical, healthcare, food, and beverage industries.   Gather more insights about the market drivers, restrains and growth of the Global Oleoresin Market   The U.S. is the largest market for oleoresins in North America contributing to a revenue share of more than 80% in 2021. This high consumption of th...