Global Spice Oils and Oleoresins Market Analysis Global Growth, Trends & Forecast to 2036

Global Spice Oils and Oleoresins Market is valued approximately USD XXX million in 2019 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2026-2036. Spice oils and Oleoresins are concentrated compounds in liquid form which are obtained by the solvent extraction of ground spices. These have similar character and property of the spice and contains volatile as well as non-volatile part of the spices. These are majorly used as a substitute for whole and ground spice without impairing the flavor and aroma. The Spice oils and Oleoresins are used by a broad range of manufacturers such as curry powder, confectionary, beverage and soups. The rapid growth in the food and beverage sector owing to the increasing restaurants and bars and changing lifestyle augments the market growth. Also, increasing export and import of the spices from major producers such as India drives the market growth. As India provides 60% of the total 13,500 tons global spice oleoresins market while China increased its Paprika Oleoresin the most demanded spice oil. Also, in 2019-20, India exported 225 spice items against 219 items in 2018-19. The export increased to 1.18 million tons contributing USD 3.03 billion in 2019-20 witnessing a growth of 8 % in volume and dollars. Further, increasing consumer preference for organic and naturally derived foods accelerates the market growth. Moreover, the extraction offers an added advantage providing 5-20 times stronger flavor augmenting their demand for traditional spices. However, high volatility in prices of raw materials impedes the growth of the market over the forecast period of 2026-2036. Although, application in Phytogenics presents a lucrative opportunity for the market.

The regional analysis of global Spice Oils And Oleoresins market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the huge spice production in South Asian countries such as India. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2026-2036. Factors such as rapidly increasing food and beverage manufacturing facilities would create lucrative growth prospects for the Spice Oils And Oleoresins market across Asia-Pacific region.

Major market player included in this report are:
doTERRA International LLC
Ultra-International B.V
Young Living Essential Oils Ltd.
Reckitt Benckiser Group Plc (RB)
Symrise AG
Givaduan AG
Greenleaf Extractions Pvt. Ltd.
Indian Spice Oil Industries
Synthite Industries Ltd.
Universal Oleoresins Pvt. Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Spice Oils
Oleoresins

By Nature:
Organic
Conventional

By Application:
Food & Beverages
Cosmetics and Personal Care
Pharmaceuticals
Household
Industrial

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year