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Paprika Oleoresin Market Trends

  • Report ID: GMI7878
  • Published Date: Jan 2024
  • Report Format: PDF

Paprika Oleoresin Market Trends

The demand for paprika oleoresin, a natural coloring and flavoring agent derived from red peppers, has been steadily increasing in the food and beverage industry. Consumers' growing preference for clean-label and natural ingredients has driven the adoption of paprika oleoresin as a viable alternative to synthetic colorants.

Additionally, the spice's antioxidant properties have contributed to its popularity in the food industry, especially in the formulation of various processed foods. The market has witnessed innovations in product formulations to meet specific industry requirements, including variations in color intensity and heat levels. Sustainability and transparency in the supply chain have also emerged as key considerations, influencing purchasing decisions in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of paprika oleoresin reached USD 158.7 million in 2023 and is set to witness 7.8% CAGR from 2024 to 2032, owing to diverse application in the food sector due to its vibrant red color and distinct flavor profile.

Conventional paprika oleoresin industry size was USD 96.4 million in 2023, attributed to its longstanding presence, cost-effectiveness, and established supply chains.

North America market dominated around USD 44.4 million in revenue in 2023, due to the widespread use in the food and beverage industry of the region.

Synthite Industries Ltd., Kalsec Inc., Ungerer & Company, Plant Lipids, Akay Group Ltd., and Vinayak Ingredients (India) Pvt. Ltd. are some of the major paprika oleoresin companies worldwide.

Paprika Oleoresin Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 241
  • Countries covered: 21
  • Pages: 300
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