Paprika Oleoresin Market, By Form (Liquid, Powder), By Distribution Channel (Online Stores, Convenience Stores, Specialty Stores, Hyper Markets, Super Markets, Others), By End-Use Industry (Food & Beverage, Cosmetics, Pharmaceutical) - Global Industry Insights, Trends and Forecast (2017 - 2025)

Created On: Aug-2018
Report ID: IR191
Format: PDF

Paprika Oleoresin Market: Introduction

Paprika oleoresin is obtained by the solvent extraction process from paprika. It consists of round fruit pods, Capsicum annuum Linn which is majorly used for flavoring and coloring requirements. Capsicum annum Linn is majorly found in the North America and the northern part of South America and is also consumed as a vegetable across the globe.

Market Dynamics

Global paprika oleoresin market is projected to grow at a significant growth rate over the projected period, majorly attributed by its expanding applications in the food & beverage end-use industry. Growing demand for natural food colors globally is significantly pushing the growth of paprika oleoresin market size over the forecast period.

The manufacturers in the F&B end-use industry are increasingly manufacturing food products with natural colors instead of using synthetic colors, owing to the increasing stress on the growing use of natural food ingredients. Also, as the demand for organic products is increasing, the demand for organically certified paprika oleoresin is also increasing and is significantly contributing towards the growth of paprika oleoresin market over the projected period.

The demand for paprika oleoresin is also expected to grow by the increasing product consumption in the cosmetics end-use industry. Various cosmetic manufacturers are utilizing natural products to obtain clean label certification for their products. The use of paprika oleoresin in their cosmetic products will enhance the chances of clean label certification, and open up the chances for the growth of their respective market share. This trend is predicted to grow over the coming years and will provide an additional boost to the growth of paprika oleoresin market..

Higher product prices are expected to restrain the growth of global paprika oleoresin market over the forecast period. According to a study by Insights and Reports, the pharmaceutical grade paprika oleoresin price is predicted to be higher than the prices of F&B and cosmetic grades. The average price is found out to be in between US$ 10.0 to US$ 25.0 per kilogram.

By Form

By form, the market has been segmented into liquid and powder. Liquid paprika oleoresin market is expected to have the prime market share, owing to the product’s increasing consumption in various F&B and cosmetic applications. Moreover, the low price of liquid paprika oleoresin also makes it preferable for small-scale manufacturers in the F&B end-use industry.

By End-Use Industry

Based on end-use industry, the market has been segmented into food & beverage, cosmetics, and pharmaceutical. Paprika oleoresin market for food & beverage end-use industry is expected to have the highest market share, owing to its increasing need for natural food colors. Moreover, the manufacturers (small-scale to large-scale) operating in the F&B end-use industry majorly use the oil-soluble powder form of paprika oleoresin for coloring purposes.

By Region

North America paprika oleoresin market is expected to have the prime market share in the global market, majorly attributed by increasing paprika oleoresin production in this region. The demand for food ingredients such as natural food colors, etc. is increasing, which will substantially boost the regional market over the coming years.

Europe paprika oleoresin market is expected to grow, primarily owing to the increased product demand from consumers, as the need for clean label food products is increasing. Moreover, various manufacturers in F&B sector are planning to increase the consumption of paprika oleoresin in their product offerings. Additionally, the same trend is observed among the cosmetics manufacturers to enhance their clean label product portfolio, as usage of these cosmetics will have minimal side effects.

Competitive Landscape

Some of the potential players in the global paprika oleoresin market include Universal Oleoresins, Holland Ingredients, DDW The Colour House, Synthite Industries, KANCOR Naturex S.A., Ingredientes Naturales Seleccionados S.L., and Chr. Hansen Kalsec Inc., among others.

Due to the increasing product demand, and to reduce their operating and end-product costs, the product manufacturers are significantly trying to increase their production capacities. This might lead to the generation of economies of scale in the global paprika oleoresin market and might lead to the reduction of product prices.

Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
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