The Latest Oleoresin Industry Statistics Explained
The global oleoresins market size was estimated at USD 1.2 billion in 2019.
The statistic “The global oleoresins market size was estimated at USD 1.2 billion in 2019” indicates the total value of the market for oleoresins, which are natural extracts obtained from spices, herbs, and botanical sources used in various industries such as food and beverages, pharmaceuticals, and personal care. This particular estimation of USD 1.2 billion represents the collective revenue generated from the production, sale, and consumption of oleoresins worldwide in the year 2019. Such market size estimates are crucial for understanding the economic significance and growth potential of the oleoresins industry, as well as for making informed decisions related to investments, marketing strategies, and future developments within this market sector.
The oleoresins market is expected to grow at a CAGR of 4.7% from 2020 to 2027.
The statistic indicates that the market for oleoresins, which are natural extracts obtained from plants and spices with strong flavor and fragrance properties, is projected to experience a Compound Annual Growth Rate (CAGR) of 4.7% between the years 2020 and 2027. This growth rate suggests a steady and consistent increase in market size over the specified period. The forecasted CAGR serves as a useful metric for understanding the expected annual growth rate of the oleoresins market and highlights the potential for expansion and opportunities within this sector in the coming years.
The paprika oleoresin market alone is expected to reach USD 345.9 Million by 2025.
This statistic indicates the projected market value specifically for the paprika oleoresin industry, with an expected growth to reach USD 345.9 million by the year 2025. The figure serves as a forecast for the market’s potential size and economic impact, highlighting the increasing demand and revenue generation within this sector. Factors such as consumer preferences, technological advancements, and expanding applications of paprika oleoresin may contribute to this growth trend. This statistic can guide industry stakeholders and investors in making informed decisions and strategic planning to capitalize on the opportunities presented by the expanding paprika oleoresin market.
Europe had 32.80% of the global paprika oleoresin market share in 2019.
The statistic “Europe had 32.80% of the global paprika oleoresin market share in 2019” indicates that Europe accounted for approximately one-third of the worldwide market for paprika oleoresin in 2019. Market share represents the percentage of total sales or revenue within a specific market that is captured by a particular region, country, or company. In this case, Europe’s market share of 32.80% suggests a notable presence in the global paprika oleoresin market, reflecting the region’s significant contribution to production, consumption, or both. This statistic can provide insights into the competitive landscape, market dynamics, and potential opportunities within the paprika oleoresin industry, both regionally and on a global scale.
Capsicum oleoresin accounted for 43.3% of global total volume in 2019.
The statistic “Capsicum oleoresin accounted for 43.3% of global total volume in 2019” indicates that Capsicum oleoresin, a concentrated extract from chili peppers, comprised nearly half of the total volume of all oleoresins produced worldwide in 2019. This suggests that Capsicum oleoresin is a prominent product within the oleoresin industry, reflecting its popularity or widespread use in various applications such as food, pharmaceuticals, and cosmetics. The high market share of Capsicum oleoresin could be attributed to its distinct flavor, color, and spiciness, making it a desirable ingredient in many consumer products and industrial processes. Furthermore, this statistic highlights the significance of Capsicum oleoresin as a key player in the global oleoresin market and underscores its importance in various sectors.
Consumption of oleoresin in Asia Pacific exceeded 6,000 tons in 2015.
The statistic “Consumption of oleoresin in Asia Pacific exceeded 6,000 tons in 2015” indicates that the total amount of oleoresin consumed in the Asia Pacific region during the year 2015 was more than 6,000 tons. Oleoresins are natural plant extracts that are commonly used in various industries such as food, pharmaceuticals, and cosmetics. This statistic suggests a significant demand for oleoresin products in the Asia Pacific region, highlighting the importance of this market segment in the region’s economy. Additionally, the figure of 6,000 tons serves as a quantitative measure of the scale of consumption, providing insight into the size and growth of the oleoresin industry in the Asia Pacific market during that particular year.
Black pepper oleoresin holds 20.2% of the total market share in 2016.
The statistic that black pepper oleoresin holds 20.2% of the total market share in 2016 indicates that out of all the different types of oleoresins available in the market in 2016, black pepper oleoresin accounted for a significant portion. This percentage suggests that black pepper oleoresin was a popular choice among consumers and likely held a competitive position within the market. It also implies that manufacturers and suppliers of black pepper oleoresin may have had a strong presence and influence in the industry during that time, potentially leading to a positive impact on their sales and overall market performance compared to other oleoresin products.
The global paprika oleoresin demand stood at 11,500 tons in 2015.
The statistic indicating that the global paprika oleoresin demand was 11,500 tons in 2015 represents the total quantity of paprika oleoresin sought by consumers and industries worldwide during that specific year. Paprika oleoresin is a concentrated extract derived from paprika peppers and is widely used in the food industry as a natural food coloring and flavoring agent. This statistic reflects the significant demand for paprika oleoresin in various food products and applications across the globe in 2015. Tracking such demand figures is crucial for market analysis, production planning, and understanding the trends in the paprika oleoresin industry.
China is the world’s biggest producer and consumer of spices and oleoresins.
The statistic that China is the world’s biggest producer and consumer of spices and oleoresins highlights the significant role that China plays in the global spice industry. This indicates that China not only produces a large quantity of spices and oleoresins, but also has high domestic consumption levels. The statistic speaks to China’s strong agricultural sector and its ability to meet both domestic demand as well as potentially export these products internationally. Additionally, it suggests that China’s diverse culinary traditions and growing food industry contribute to its prominent position in the global spice market.
Turmeric oleoresin was the second-largest product segment and accounted for 25.1% of total market revenue in 2015.
The statistic reveals that turmeric oleoresin held a significant share in the market in 2015, ranking as the second-largest product segment with a contribution of 25.1% to the total market revenue. This indicates that turmeric oleoresin was a key player in the market, following closely behind the leading product segment in terms of revenue generation. The high market share of turmeric oleoresin highlights its importance and popularity among consumers or industries utilizing this product. Additionally, it suggests that there was a strong demand for turmeric oleoresin in 2015, driving its substantial contribution to the overall market revenue.
India is the largest exporter of oleoresins, accounting for 45% of the global trade.
The statistic that India is the largest exporter of oleoresins, accounting for 45% of the global trade indicates that India plays a significant role in the international market for oleoresins, which are natural extracts derived from plants and spices used in various industries such as food, pharmaceuticals, and cosmetics. With nearly half of the global trade in oleoresins being dominated by India, it highlights the country’s strong presence in this industry and its ability to meet the global demand for these products. This statistic also signifies India’s competitiveness, expertise, and strong position as a key player in the global oleoresins market.
The global production of oleoresins is around 13,500 metric tons per year.
The statistic stating that the global production of oleoresins is around 13,500 metric tons per year highlights the significant output of these natural products on a worldwide scale. Oleoresins are a type of natural plant extract that contain both the essential oil and resin components of the plant, commonly used in food flavoring, fragrances, and pharmaceuticals. This statistic signifies the substantial demand and utilization of oleoresins across various industries, underlining their importance and widespread application. Understanding the annual production volume can aid in assessing market trends, supply chain management, and sustainable production practices for these valuable natural products.
The global market for medicinal plants (including oleoresins) is expected to reach around USD 5.7 billion by 2050.
The statistic indicates that the market for medicinal plants, including oleoresins, is projected to grow significantly over the next few decades, with an estimated value of USD 5.7 billion by the year 2050. This indicates a substantial increase in demand for medicinal plants and their derivatives, likely driven by factors such as an increasing preference for natural and alternative medicines, growing awareness of the health benefits of medicinal plants, and expanding markets in both developed and developing countries. The anticipated growth in the global market for medicinal plants suggests opportunities for pharmaceutical companies, herbal medicine producers, and other businesses involved in the cultivation, processing, and distribution of medicinal plants to capitalize on this expanding market.
Europe is the largest consumption market for oleoresin in 2019, with a 37% market share.
The statistic “Europe is the largest consumption market for oleoresin in 2019, with a 37% market share” indicates that out of all the regions or markets where oleoresin is consumed, Europe accounted for the highest proportion of consumption in 2019. Specifically, Europe held a 37% share of the total market for oleoresin products. This suggests that Europe had a significant demand for oleoresin compared to other regions, making it a key player in the global oleoresin market. Factors such as consumer preferences, industry trends, and economic conditions may have contributed to Europe’s dominance in oleoresin consumption during that year.
The Middle East and Africa’s oleoresin market revenue is set to increase from $18.73 million in 2018 to $28.89 million by 2023.
The statistic stating that the Middle East and Africa’s oleoresin market revenue is expected to rise from $18.73 million in 2018 to $28.89 million by 2023 indicates a projected growth trend in the market over the specified period. This expected increase in revenue suggests a growing demand for oleoresins in the Middle East and Africa region, likely driven by factors such as increased consumer awareness about the benefits of oleoresins, expanding applications of oleoresins in various industries, and potentially favorable market conditions. Such market growth projections can signal potential business opportunities for stakeholders operating in the oleoresin industry in the Middle East and Africa region, highlighting the importance of monitoring and capitalizing on emerging trends to optimize business strategies and profitability.
References
0. – https://www.www.researchandmarkets.com
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3. – https://www.www.hort.purdue.edu
4. – https://www.www.fao.org
5. – https://www.www.mordorintelligence.com
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