Paprika Oleoresin Market Forecasts to 2028 - Global Analysis By Product (Turmeric, Onion, Garlic, Ginger, Black Pepper, Capsicum, Paprika, Other Products), Distribution Channel (Online Retail, B2B, Hypermarket / Supermarket, B2C, Other Distribution Channels) and others
Estimated Year Value (2022)
US $213.13 MN
Projected Year Value (2028)
US $363.39 MN
CAGR (2022 - 2028)
North America, Europe, Asia Pacific, South America, and Middle East & Africa
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa
Highest Growing Market
According to Stratistics MRC, the Global Paprika Oleoresin Market is accounted for $213.13 million in 2022 and is expected to reach $363.39 million by 2028 growing at a CAGR of 9.3% during the forecast period. The oil soluble extort known as "paprika oleoresin," which is derived from the fruits of the capsicum frutescens or capsicum annuum, is mostly employed in food as flavouring and colouring agent. Paprika oleoresin is frequently used as a culinary colouring in both food and beverages. It is frequently used to give many foods colour and flavour. The item smells distinctively of sweet chilies.
According to the CBI Ministry of Foreign Affairs, black pepper, paprika, and turmeric are the most prevalent oleoresins in Europe. The meat sector primarily uses black pepper oleoresin as a preservative while other oleoresins are utilized in processed foods because of their color, flavor, and ethnicity. According to Caobisco, in Europe the intake of confectionery is increasing and went from 8,222,999 thousand tons in 2015 to 8,324,241 thousand tons in 2016. The trend also is visible in Germany. Coupled with this, rising focus on health and wellness among consumers is increasing the utilization of natural colors including paprika color by bakery and confectionery manufacturers.
Increasing demand for organic certified paprika oleoresin
Manufacturers of certain extracts may profit from the legal distinction between natural food extracts with colouring properties and those labelled as food additives. Meals are seasoned with paprika oleoresin in tiny amounts (0.01 to 0.05 percent). Organic food producers frequently rely on an exemption provision in organic laws as a result of these incredibly low concentrations. Even though the product is labelled as organic, they could nevertheless employ a small amount of non-organic ingredients.
Surge in prices for raw materials
Due to their restricted supply, raw materials will likely see an increase in price on the market, which will affect sales by raising the cost of finished goods. In order to obtain raw materials at a reasonable price, businesses should find alternate sources of suppliers and ecosystem partners.
Promoting nutrient paprika food
It might promote healthy vision and lessen tenderness by employing paprika oleoresin. In addition to being simple to incorporate into the diet and thought to be crucial for nutritious meals, paprika oleoresin may also help with blood sugar regulation. There is a huge market opportunity for paprika oleoresin because it has antioxidant properties and lowers the risk of heart disease and cancer.
Side effects and substitutes
If used in the average amount needed for cooking, paprika should be regarded as an anodyne food. However, some people may experience allergic or non-allergic symptoms while eating food that is spiced excessively. Allergic reactions are harmful to life, which puts the market at risk. The paprika oleoresin market is severely constrained by major replacements such as red chilli powder, grinding cayenne, and crushed red pepper flakes.
Nearly every business has been impacted by the unmatched worldwide public health emergency known as COVID-19, and the long-term impacts are expected to have an influence on industry growth throughout the course of the forecast period. In order to assure the inclusion of underlying COVID-19 concerns and potential future directions, our continuous study expands upon our research approach. The paper provides information on COVID-19 taking into account changes in consumer demand and behaviour, buying habits, supply chain rerouting, dynamics of contemporary market forces, and significant government initiatives. Insights, analyses, projections, and forecasts are provided in the updated study, which takes the market impact of COVID-19 into account.
The flavours segment is expected to be the largest during the forecast period
The flavours segment is estimated to have a lucrative growth, due to a variety of altered flavours that range from mild and sweet to extremely spicy. The majority of the paprika is dried by smouldering, giving it a hazy flavour. The market for paprika oleoresins is expanding as a result of the availability of several paprika flavours. Three distinct flavours of paprika, including hot paprika, sweet paprika, and smoked paprika, can be distinguished.
The Pharmaceuticals segment is expected to have the highest CAGR during the forecast period
The Pharmaceuticals segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the reason that they are utilised in pharmaceutical applications to treat minor gout, backaches, sprains, and muscle and joint issues. They assist the body in getting rid of free radicals. The product is also made using dried, ripe capsicum frutescens or capsicum annuum fruits. Additionally, paprika oleoresin is utilised in the production of medications for joint and body discomfort, consumption of anti-toxic medications, which are produced in big quantities in the pharmaceutical business and are drawing in customers, boosts the market for paprika oleoresin.
Region with highest share:
North America is projected to hold the largest market share during the forecast period owing to the help of implementing technical developments in the product portfolio, the presence of major players like Microsoft and Google will accelerate market growth. The market expansion across the region would be expanded by increased expenditures by businesses on R&D, food product makers are introducing transparency in the origin of their food product offerings in response to the growing consumer demand for clean label natural paprika oleoresin.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the market for paprika oleoresin is experiencing tremendous expansion due to a rise in the demand for spicy foods. It includes the largest market for the agricultural sector, which generates items made from paprika oleoresin. The market for paprika oleoresin is expanding as a result of the massive consumption of agricultural products including those from matrix farming and chilli farming.
Key players in the market
Some of the key players profiled in the Paprika Oleoresin Market include Abbott, Samsung, Siemens Healthcare, Bayer, Asian Oleoresin Company, Paprika Oleo’s, Givaudan, Algatechnologies Ltd., Universal Oleoresins, DDW The Colour House, Sinopaprika Co. Ltd, AVT Natural Products Ltd, Naturexl, Bioprex Labs. And Ambe Group
In February 2020, Givaudan, the global leader in fragrances and flavors, announced it has completed the acquisition of Ungerer & Company, the US-based Flavour, Fragrance, and Specialty Ingredients Company.
In July 2019, DDW The Color House has completed a transaction to acquire the DuPont Natural Colors business, which was part of DuPont’s Nutrition & Biosciences division. The acquisition expands the global reach of DDW, a provider of natural color solutions for the food and beverage industry, as well as adding technical and manufacturing capabilities in several core natural colors.
In June 2018, Algatechnologies Ltd. announced the debut of “Fucovital,” an all-natural patented oleoresin made and extracted from microalgae that contain three percent fucoxanthin.
In Feb 2018, DDW The Color House, a major food ingredient manufacturer, launched EmulsiTech cloudy paprika. The ingredient claims to be non-GMO, palm-free, and water-dispersible colouring ingredient that delivers cloudy orange colour to soft drinks. The ingredient was launched as an alternative to cochineal extract and to target the vegan food industry.
• Black Pepper
• Other Products
Distribution Channels Covered:
• Online Retail
• Hypermarket / Supermarket
• Other Distribution Channels
• Paprika Oleoresin CO2 Extracted
• General Paprika Oleoresin
• Other Types
• Other Natures
Extraction Methods Covered:
• Supercritical Fluid Extraction (SFE)
• Solvent Extraction
• Other Extraction Methods
• Food & Beverages
• Food Seasonings & Coatings
• Personal Care
• Poultry Feed Color Additive
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
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• Competitive Benchmarking
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Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Paprika Oleoresin Market, By Product
5.6 Black Pepper
5.9 Other Products
6 Global Paprika Oleoresin Market, By Distribution Channel
6.2 Online Retail
6.4 Hypermarket / Supermarket
6.6 Other Distribution Channels
7 Global Paprika Oleoresin Market, By Type
7.2 Paprika Oleoresin CO2 Extracted
7.3 General Paprika Oleoresin
7.7 Other Types
8 Global Paprika Oleoresin Market, By Nature
8.4 Other Natures
9 Global Paprika Oleoresin Market, By Extraction Method
9.2 Supercritical Fluid Extraction (SFE)
9.3 Solvent Extraction
9.4 Other Extraction Methods
10 Global Paprika Oleoresin Market, By Application
10.3 Food & Beverages
10.5 Food Seasonings & Coatings
10.6 Personal Care
10.7 Poultry Feed Color Additive
10.8 Other Applications
11 Global Paprika Oleoresin Market, By Geography
11.2 North America
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.5 Other Key Strategies
13 Company Profiling
13.3 Siemens Healthcare
13.5 Asian Oleoresin Company
13.6 Paprika Oleo’s
13.8 Algatechnologies Ltd.
13.9 Universal Oleoresins
13.10 DDW The Colour House
13.11 Sinopaprika Co. Ltd
13.12 AVT Natural Products Ltd
13.14 Bioprex Labs.
13.15 Ambe Group
List of Tables
1 Global Paprika Oleoresin Market Outlook, By Region (2020-2028) ($MN)
2 Global Paprika Oleoresin Market Outlook, By Product (2020-2028) ($MN)
3 Global Paprika Oleoresin Market Outlook, By Turmeric (2020-2028) ($MN)
4 Global Paprika Oleoresin Market Outlook, By Onion (2020-2028) ($MN)
5 Global Paprika Oleoresin Market Outlook, By Garlic (2020-2028) ($MN)
6 Global Paprika Oleoresin Market Outlook, By Ginger (2020-2028) ($MN)
7 Global Paprika Oleoresin Market Outlook, By Black Pepper (2020-2028) ($MN)
8 Global Paprika Oleoresin Market Outlook, By Capsicum (2020-2028) ($MN)
9 Global Paprika Oleoresin Market Outlook, By Paprika (2020-2028) ($MN)
10 Global Paprika Oleoresin Market Outlook, By Other Products (2020-2028) ($MN)
11 Global Paprika Oleoresin Market Outlook, By Distribution Channel (2020-2028) ($MN)
12 Global Paprika Oleoresin Market Outlook, By Online Retail (2020-2028) ($MN)
13 Global Paprika Oleoresin Market Outlook, By B2B (2020-2028) ($MN)
14 Global Paprika Oleoresin Market Outlook, By Hypermarket / Supermarket (2020-2028) ($MN)
15 Global Paprika Oleoresin Market Outlook, By B2C (2020-2028) ($MN)
16 Global Paprika Oleoresin Market Outlook, By Other Distribution Channels (2020-2028) ($MN)
17 Global Paprika Oleoresin Market Outlook, By Type (2020-2028) ($MN)
18 Global Paprika Oleoresin Market Outlook, By Paprika Oleoresin CO2 Extracted (2020-2028) ($MN)
19 Global Paprika Oleoresin Market Outlook, By General Paprika Oleoresin (2020-2028) ($MN)
20 Global Paprika Oleoresin Market Outlook, By Flavours (2020-2028) ($MN)
21 Global Paprika Oleoresin Market Outlook, By Oleoresins (2020-2028) ($MN)
22 Global Paprika Oleoresin Market Outlook, By Spices (2020-2028) ($MN)
23 Global Paprika Oleoresin Market Outlook, By Other Types (2020-2028) ($MN)
24 Global Paprika Oleoresin Market Outlook, By Nature (2020-2028) ($MN)
25 Global Paprika Oleoresin Market Outlook, By Conventional (2020-2028) ($MN)
26 Global Paprika Oleoresin Market Outlook, By Organic (2020-2028) ($MN)
27 Global Paprika Oleoresin Market Outlook, By Other Natures (2020-2028) ($MN)
28 Global Paprika Oleoresin Market Outlook, By Extraction Method (2020-2028) ($MN)
29 Global Paprika Oleoresin Market Outlook, By Supercritical Fluid Extraction (SFE) (2020-2028) ($MN)
30 Global Paprika Oleoresin Market Outlook, By Solvent Extraction (2020-2028) ($MN)
31 Global Paprika Oleoresin Market Outlook, By Other Extraction Methods (2020-2028) ($MN)
32 Global Paprika Oleoresin Market Outlook, By Application (2020-2028) ($MN)
33 Global Paprika Oleoresin Market Outlook, By Cosmetic (2020-2028) ($MN)
34 Global Paprika Oleoresin Market Outlook, By Food & Beverages (2020-2028) ($MN)
35 Global Paprika Oleoresin Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
36 Global Paprika Oleoresin Market Outlook, By Food Seasonings & Coatings (2020-2028) ($MN)
37 Global Paprika Oleoresin Market Outlook, By Personal Care (2020-2028) ($MN)
38 Global Paprika Oleoresin Market Outlook, By Poultry Feed Color Additive (2020-2028) ($MN)
39 Global Paprika Oleoresin Market Outlook, By Other Applications (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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