Capsicum Oleoresin Market Size, Share, Forecast and Outlook 2023-2030

Capsicum Oleoresin Market Overview

The Global Capsicum Oleoresin Market reached USD 31.7 million in 2022 and is expected to reach USD 56.5 million by 2030, growing with a CAGR of 7.5% during the forecast period 2023-2030.

Globalization and ethnic food popularity demand hot and flavourful ingredients. Capsicum oleoresin's natural and healthful properties make it a popular culinary spice, fueling market development. These items are in demand worldwide due to their prolonged shelf life and year-round availability.

Capsicum oleoresin's bioactive capsaicin is making it popular. The health benefits and therapeutic characteristics of capsaicin motivate its use in diet and medicine. Its analgesic and anti-inflammatory effects make it popular in creams and lotions.

Making capsicum olerein requires capsicum. USDA reports 11 million pounds of capsicum commerce in 2022-23. High capsicum production and utility boost market expansion. With more uses, businesses are using comfortable packaging solutions to distribute powdered and liquid goods in pouches and bottles.

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Capsicum Oleoresin Market Driver

Growing Demand for Natural Ingredients

Due to its larger significance in providing the necessary taste to the food product, capsicum oleoresin is in more demand as customer preferences for spicy and delicious food items rise. Customers' heightened health consciousness influences their dietary decisions and heightens their inclination towards natural product components. In order to provide a variety of goods, manufacturers are switching to employing natural ingredients instead of artificial coloring and chemicals.

Because natural food components have inherent coloring and flavoring qualities that increase their attractiveness, there was a surge in demand for the product. Because of their enhanced functioning and extended shelf life, food makers are using capsicum oleoresin on an industrial scale. Soups and sauces are common food items that contain capsicum oleoresins.

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Market Segmentation

By Nature

• Organic
• Conventional

By Extraction Method

• Solvent Extraction
• Supercritical Fluid Extraction
• Others

By Distribution Channel

• B2B
• B2C
• Supermarkets/Hypermarkets
• Specialty Stores
• Online Stores

By End-User

• Food & Beverage
• Pharmaceuticals
• Nutraceuticals
• Household

Capsicum Oleoresin Market Companies

Ozone Naturals, Trilogy Essential Ingredients Inc, MANE Kanor, Synthite Industries Ltd, Universal Oleoresins, Akay, Bioingredia Natural Pvt Ltd, Avi Naturals, HDDES Group and BOS Natural Flavors Pvt. Ltd.

Trending Topics

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