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Oleoresin are highly concentrated pure extracts of spices or herbs. These are naturally occurring combination of oil and resins extracted from plants. Oleoresin can be obtained from various plant sources including, chilli, turmeric, valerian, paprika, clove, coriander and others. Paprika oleoresin is an oil soluble extract obtained from the dried and ground sweet pepper pods also called as fruits of Capsicum annum Linn or Capsicum frutescens with the prime function in food coloring and flavoring industry. Capsicum annum Linn is widely consumed as vegetable across the globe and is native to North America and northern South America. Paprika oleoresin is highly viscous and possess coloring properties due to presence of natural carotenoid pigments, especially capsanthin and capsorubin. Apart from this paprika oleoresin also contains capsaicin, which is the main flavoring compound giving pungent taste in higher concentrations. The global Paprika Oleoresin market is expected to witness significant revenue opportunity over the forecast period attributed to its expanded applications in food industry, cosmetic industry and pharmaceutical industry. Increasing demand for natural colours across the globe ispushing the marker revenue growth of the overall paprika oleoresin market.

Paprika Oleoresin Market Segmentation

Global paprika oleoresin market is segmented on the basis of application, sales channels and region.  On the basis of application the global paprika oleoresin market can be segmented into, food and beverages industry, cosmetic industry and pharmaceutical industry. The food and beverages segment is further sub-segmented into bakery and confectionary, sauces and seasoning, dairy industry, desserts and ice cream, meat products, convenience foods, juices and others. While the cosmetic industry is further sub segmented into, skin care products, hair care products and others. The food and beverages industry is the largest industry for paprika oleoresin due to increasing application of paprika oleoresin as a coloring agent in various foods. Food and beverage industries commonly use the oil soluble form of paprika oleoresin for coloring.  On the basis of sales channels the global paprika oleoresin market is segmented into, direct sales and indirect sales segment. The indirect sales segment is further sub segmented into, wholesaler, trader and retailer.

On the basis of region the global paprika oleoresin market is segmented into, North America, Latin America, Europe, Asia Pacific and Middle East and Africa. Europe and North America are expected to account for the maximum revenue share in the paprika oleoresin market attributed to increasing production of paprika oleoresin the regions. Owing to growing consumers demand for clean label natural paprika oleoresin the food products manufacturers are bringing transparency in the origin of their food products offerings. This clean label trend is also followed in cosmetic industry wherein the consumers seek cosmetics with minimal side effects.

Paprika Oleoresin Market Global Market Trends and Market Drivers:

The global market for paprika oleoresin is relatively large in European countries particularly due to favorable climatic and soil conditions for paprika growth and further harvesting can be done me mechanically thus, contributing towards considerable domestic production. Globally approximately 7-8 thousand tonnes of paprika oleoresin are produced annually with India, Spain, Peru and China as the main suppliers of paprika oleoresin to Europe. As the global demand for coloring food stuff increases the market for paprika oleoresin also increases. Food products manufacturers increasingly use food stuffs with coloring properties instead of synthetic colors thus enabling them to keep their labels clean. Furthermore, a large proportion of consumers across the globe consume excessive amounts of salt then required. Paprika oleoresin is used to color salt and the demand for products containing less salt is strong. In regards to this various food product manufacturers are using paprika oleoresin in order to other to mask the salt reduction. Also growing demand for organic certified paprika oleoresin is contributing towards the market growth of paprika oleoresin over the forecast period.

Paprika Oleoresin Market Key Players:

Variety of Paprika Oleoresin have been introduced by the manufacturers and some of the global market players manufacturing paprika oleoresin market include; DDW The Colour House, Holland Ingredients, KANCOR Naturex S.A., Synthite Industries, Chr. Hansen Kalsec Inc., Universal Oleoresins, Ingredientes Naturales Seleccionados S.L. and others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Paprika Oleoresin Market

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