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...