Product Code: ETC097063 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Oleoresins market currently, in 2023, has witnessed an HHI of 3560, Which has decreased moderately as compared to the HHI of 5555 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The oleoresins market in India is projected to witness significant growth over the forecast period, owing to rising demand for natural flavors among processed food manufacturers across the country. Growing consumption of spices and herbs in restaurants, hotels and households has further propelled the demand for oleoresins in India. Growing consumer preference towards convenience foods such as ready-to-eat meals, instant snacks and frozen products have also increased significantly impacting the overall growth of Oleoresin market positively. Furthermore, increasing awareness about health benefits associated with natural ingredients are expected to drive the demand for organic spices over the coming years.
The growth of the India Oleoresins Market is primarily attributed to increasing demand for seasonings & flavors in food and beverage industry. The rising popularity of organic products, along with increased awareness about health benefits associated with oleoresin consumption, are also contributing to the market growth. In addition, growing preference for packaged foods and convenience snacks due to busy lifestyles has further created a positive Outlook for the market. Moreover, manufacturers are focusing on product innovation and introducing new varieties of oleoresins with unique flavors which is likely to boost the market in upcoming years. However, factors such as high cost associated with natural oleoresins may hamper its overall growth over forecast period.
A major challenge faced by the India Oleoresins market is related to its raw material supply. The main ingredients required for producing oleoresins, namely spices and herbs, are facing a shortage due to increased demand from other industries including food and beverages as well as pharmaceuticals. This has resulted in an increase in their prices, thus increasing manufacturing costs of oleoresin producers. Moreover, the lack of quality control systems has also hampered the growth of this sector. Furthermore, stringent regulations imposed on imports by government authorities have reduced export sales of oleoresins produced domestically.
Some key players operating in India Oleoresins Market include Synthite Industries Ltd., Rakesh Exports Pvt Ltd., Akay Flavours & Aromatics Limited, Plant Lipids Private Limited (PLPL), Natural Remedies Pvt Ltd., Adani Wilmar Limited (AWL), Ambe Group Of Companies among others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Oleoresins Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Oleoresins Market Revenues & Volume, 2021 & 2031F |
3.3 India Oleoresins Market - Industry Life Cycle |
3.4 India Oleoresins Market - Porter's Five Forces |
3.5 India Oleoresins Market Revenues & Volume Share, By Extraction process, 2021 & 2031F |
3.6 India Oleoresins Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Oleoresins Market Revenues & Volume Share, By Sources, 2021 & 2031F |
4 India Oleoresins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Oleoresins Market Trends |
6 India Oleoresins Market, By Types |
6.1 India Oleoresins Market, By Extraction process |
6.1.1 Overview and Analysis |
6.1.2 India Oleoresins Market Revenues & Volume, By Extraction process, 2018 - 2031F |
6.1.3 India Oleoresins Market Revenues & Volume, By Solvent extraction, 2018 - 2031F |
6.1.4 India Oleoresins Market Revenues & Volume, By Supercritical fluid extraction, 2018 - 2031F |
6.2 India Oleoresins Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Oleoresins Market Revenues & Volume, By Food & beverages, 2018 - 2031F |
6.2.3 India Oleoresins Market Revenues & Volume, By Pharmaceuticals & nutraceuticals, 2018 - 2031F |
6.2.4 India Oleoresins Market Revenues & Volume, By Personal care products, 2018 - 2031F |
6.2.5 India Oleoresins Market Revenues & Volume, By Feed, 2018 - 2031F |
6.3 India Oleoresins Market, By Sources |
6.3.1 Overview and Analysis |
6.3.2 India Oleoresins Market Revenues & Volume, By Paprika, 2018 - 2031F |
6.3.3 India Oleoresins Market Revenues & Volume, By Capsicum, 2018 - 2031F |
6.3.4 India Oleoresins Market Revenues & Volume, By Seed spices, 2018 - 2031F |
6.3.5 India Oleoresins Market Revenues & Volume, By Turmeric, 2018 - 2031F |
6.3.6 India Oleoresins Market Revenues & Volume, By Ginger, 2018 - 2031F |
6.3.7 India Oleoresins Market Revenues & Volume, By Cinnamon & cassia, 2018 - 2031F |
6.3.8 India Oleoresins Market Revenues & Volume, By Others, 2018 - 2031F |
6.3.9 India Oleoresins Market Revenues & Volume, By Others, 2018 - 2031F |
7 India Oleoresins Market Import-Export Trade Statistics |
7.1 India Oleoresins Market Export to Major Countries |
7.2 India Oleoresins Market Imports from Major Countries |
8 India Oleoresins Market Key Performance Indicators |
9 India Oleoresins Market - Opportunity Assessment |
9.1 India Oleoresins Market Opportunity Assessment, By Extraction process, 2021 & 2031F |
9.2 India Oleoresins Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Oleoresins Market Opportunity Assessment, By Sources, 2021 & 2031F |
10 India Oleoresins Market - Competitive Landscape |
10.1 India Oleoresins Market Revenue Share, By Companies, 2024 |
10.2 India Oleoresins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |