Global Paprika Oleoresin Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 4.1 % through 2020 to 2026, reaching nearly US$ XX Bn.
Global Paprika Oleoresin Market Overview:

Paprika is a type of spice made by grinding and drying pepper pods also known as fruits of Capsicum Annum Linn. Paprika Oleoresin is obtained by using solvent extraction of paprika that contains major coloring and flavoring principles of this spice. Paprika Oleoresin is a dark red viscous liquid that is insoluble in water. Paprika Oleoresin is used on a large scale as a natural coloring agent with the presence of paprika essence that is used as a flavoring agent in a wide range of food products and beverages.

Paprika Oleoresin is used on a large scale as a base in manufacturing cosmetics and medicines on joint pains and aches. An increase in demand for natural food additives has resulted in an increased demand for Paprika Oleoresin. An increase in demand for safe and organic food additive colors and flavoring agents along with a wide-scale application in the food and beverages industry has resulted in a boom in the global Paprika Oleoresin Market.
Global Paprika Oleoresin Market Dynamics:

An increase in population, rising food consumption, and preference for organic food additives by the Food and Beverages Industry has resulted in a growth in the Global Paprika Oleoresin Market.

A report by Hans Martin, Helmut Sies, and others, published by the Cambridge University Press states that Paprika Oleoresin contains a variety of carotenoids that lowers the risk of cardiovascular diseases and some types of cancer. This has resulted in increased consumption of Paprika Oleoresin-laced food products and beverages in the US and Europe.

A report published in the EFSA journal state that Paprika Oleoresin as a food additive is safe to consume. This report gave validation to the use of Paprika Oleoresin for Industrial and Domestic consumption. Authentication from the European Food Safety Authority gave a global certificate as a safe food additive to Paprika Oleoresin. This has resulted in increased consumption of Paprika Oleoresin by people around the world.
Synthite Industries Ltd., a major manufacturer of spice extracts launched a new range of Paprika Oleoresin products.

An increase in consumption of healthy and natural additives-based food products are the driving factors for the growth of the Global Paprika Oleoresin Market.
Restraints:

The presence of synthetic alternatives is the major restraining factor here.
Global Paprika Oleoresin Market Segment Analysis:

The Global Paprika Oleoresin Market is segmented on the basis of

By Form, It is observed that more than 70% of Paprika Oleoresin present in the market is in liquid form. Paprika Oleoresin in powdered form is used on a large scale in manufacturing medicines for joint pains.

By Application, Paprika Oleoresin is consumed on a large scale by the Food and Beverages Industry as a food seasoning, food coating, and food coloring agent. It is observed that more than 75% of the Paprika Oleoresin produced is consumed by the Food and Beverages Industry. Paprika Oleoresin is used in manufacturing medicines for body and joint pain. It is observed that foaming properties present in the Paprika Oleoresin have resulted in a 2.1% increase in consumption by the Cosmetics Industry. Paprika Oleoresin is used as poultry feed and holds 12% of the total consumption of Poultry food products.

By Distribution Channels, It is observed that stores selling herbs and spices are preferred by people on a large scale as a medium to purchase paprika oleoresin. Supermarkets in the US and Europe have registered an increase of 1.3% in sales of Paprika Oleoresin consumed by domestic households. E-Commerce platforms selling Paprika Oleoresin have registered an increase of 8% in its customers. It is observed that brand outlets that come under the organized sector have registered an increase of 1.7% in sales of Paprika Oleoresin.

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Paprika Oleoresin is used on a large scale by the Food and Beverages Industry. It is observed that more than 50% of the Paprika Oleoresin manufactured is used as a Food Coloring agent. The presence of culinary properties has increased by 1.3% in demand for Paprika Oleoresin as a Food Coating and Seasoning agent. The presence of high fiber and rich in color content has resulted in increased use of Paprika Oleoresin as a feed for Poultry Animals. It is observed that demand for Paprika Oleoresin as an animal feed has increased by 2.1% in the region of North America.

The presence of medicinal properties to lower the risk of cardiovascular diseases has increased by 3% in demand for Paprika Oleoresin by the Pharmaceutical Industry. An increase in preference for natural cosmetics products has increased by 3.9% in demand for Paprika Oleoresin by the Cosmetics Industry. Different products use Paprika Oleoresin as per need.An increase in demand for medicine on joint and body pain in this region has resulted in an increase of 1.9% by the Pharmaceutical Sector present in this region. The presence of a large number of poultry industries in this region has resulted in an increase of 2% in consumption of Paprika Oleoresin by the Poultry Industry.

Global Paprika Oleoresin Market Regional InsightsAn increase in demand for clean-label food products and beverages has resulted in an increase of 1.3% in the consumption of Paprika Oleoresin in North America. It is observed that the presence of a large number of Food Processing Industries in this region is the reason behind North America being the major consumer.

An increase in demand for medicine on joint and body pain in this region has resulted in an increase of 1.9% by the Pharmaceutical Sector present in this region. The presence of a large number of poultry industries in this region has resulted in an increase of 2% in consumption of Paprika Oleoresin by the Poultry Industry.

Europe is the biggest consumer of Natural food coloring agents and regulatory bodies keep a strict watch on the contents and origin of food additives in this region. Natural origin and flavoring properties have resulted in an increase of 2.1% in the consumption of Paprika Oleoresin in this region. Preference for organic cosmetics has resulted in an increase of 3.7% for Paprika Oleoresin by the Cosmetics Industry present in this region.

The ever-rising population and consumption of food products on a large scale has resulted in an increase of 1.2% in demand for Paprika Oleoresin by the Asia-Pacific. It is observed that more than 35% of the global Paprika Oleoresin manufacturing is done in this region. South America is showing a stagnant growth in the range of 0.7-1.3% from the last 6 years. It is observed that preference for synthetic coloring agents is the major reason behind the stagnant growth of the Paprika Oleoresin Market in this region.

The Middle East and Africa’s region is showing a low growth rate, the reason for which is the presence of few food processing industries and different economical and political restraining factors.

The objective of the report is to present a comprehensive analysis of the global Paprika Oleoresin market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Paprika Oleoresin market dynamics, structure by analyzing the market segments and Project the global Paprika Oleoresin market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Paprika Oleoresin market make the report investor’s guide.

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Global Paprika Oleoresin Market
Global Paprika Oleoresin Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Paprika Oleoresin Market Key Players

• DDW Color
• Naturex
• Bioprex Labs
• AVT Natural Products Ltd.
• Plant Lipids
• Universal Oleoresins
• Paras Perfumers
• Akay
• Synthite
• Paprika Oleo’s
• Ungerer & Company
• Sinopaprika Co. Ltd.
• Ambe Group
• Cymbio Pharma Pvt. Ltd.
• Asian Oleoresin Company
• Sinochem Qingdao Co. Pvt. Ltd.
• Chenguang Biotech Group Co. Ltd.
• Yunnan Honglv Capsaicin Co. Ltd.
• Indo World
• Evesa

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