The report includes the prediction and research for the oleoresins market on a national and international level. The research of market, key application markets covered under this study includes food & beverage, flavoring & coloring agent.
Oleoresins market is segmented by product into paprika, chili peppers and others. Significant end-use sectors of paprika are food production and drug sectors. Food and drink taken over the oleoresins market, which accounted for a significant share of the global market. This growth can be linked to the increasing application of paprika and pepper oleoresins in dairy and drinks includes cheese, orange juices, soups, snack seasoning, spice mixtures, sausage products, emulsified processed meat and sweets.
International paprika market is expected to observe strong growth over the prediction period on account of improving demand for food industry. The requirement for specialised products has been increasing on account of increasing customer choice towards health benefit items in addition to coloring and flavor qualities, which is anticipated to open several development possibilities in the paprika market over the prediction period.
Europe was the leading market for paprika in past years. India is the major exporter of paprika oleoresins to European countries. Within Europe, Spain and USA all are the major manufacturer but the demand of paprika oleoresins is fulfilled by imports from India.