Product Code: ETC097067 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Indonesia Oleoresins market currently, in 2023, has witnessed an HHI of 2198, Which has increased moderately as compared to the HHI of 1566 in 2017. The market is moving towards moderately competitive. 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.
Indonesia is one of the largest exporters of oleoresins in Southeast Asia. It is a major source for essential oils, fragrances and flavors used in food, beverages, health care products and pharmaceuticals. Oleoresins are extracted from various plants such as black pepper, nutmeg, clove bud and cardamom by using solvent extraction process. The increasing demand for spicy foods has been driving the growth of oleoresins market in Indonesia over the years. Furthermore, rising awareness about health benefits associated with natural ingredients has led to an increased demand for organic or minimally processed food products which contain these oleoresins.
The trends observed in Indonesia Oleresin Market include development and adoption of advanced technologies for processing these extracts to meet international standards; increasing collaborations between farmers? associations and private companies to facilitate production; rise in investment towards research & development activities related to medicinal properties; growing preference among consumers for convenience-oriented packaged products containing natural flavorings derived from oleoressin extracts; increase usage of cost effective biotechnological processes instead of traditional methods; introduction of organic certification programs aiming at marketing quality extracts produced through sustainable farming practices etc.
Some key factors driving growth within this sector include increasing consumption rate across multiple industries including food & beverage (F&B), cosmetics & personal care (CPC), pharmaceuticals etc.; expanding global economy creating opportunities across several countries along with new markets reaching out for exportable items like spices ; initiatives taken by the government authorities towards quality control measures concerning exports ensuring safety standards are met ; introduction of improved production techniques leading to higher output levels catering larger section of population coupled with availability high grade raw materials required during extractions processes at low costs. Growing presence eco-friendly packaging solutions enhancing consumer experience also serves as another driver behind this industry`s expansion.
The Indonesia oleoresin market was impacted significantly by the COVID-19 pandemic due to declining economic activity and a decrease in demand for natural ingredients, resulting in lower sales volumes for oleoresins. Moreover, the disruption of supply chains has hindered the production process of oleoresins, further limiting its growth potential.
Challenges faced by the Indonesia oleoresin market include rising raw material prices and difficulty in obtaining high-quality natural ingredients. Additionally, manufacturers have also been facing issues with product quality control due to lack of experienced personnel during this crisis period. To mitigate these issues, companies are focusing on maintaining cost efficiency by making use of automated manufacturing processes and streamlining their operations.
Some key players operating in the Indonesia Oleoresins Market include JAVA Aromatics & Essential Oils Inc., Firmenich Indonesia PT., SABAR INDONESIA CV., Sonarome Natural Extracts Pvt Ltd., Symrise AG India Private Limited, Omega Ingredients Ltd (UK), and Natures Aid UK Ltd 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 Indonesia Oleoresins Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Oleoresins Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Oleoresins Market - Industry Life Cycle |
3.4 Indonesia Oleoresins Market - Porter's Five Forces |
3.5 Indonesia Oleoresins Market Revenues & Volume Share, By Extraction process, 2021 & 2031F |
3.6 Indonesia Oleoresins Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Indonesia Oleoresins Market Revenues & Volume Share, By Sources, 2021 & 2031F |
4 Indonesia Oleoresins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Oleoresins Market Trends |
6 Indonesia Oleoresins Market, By Types |
6.1 Indonesia Oleoresins Market, By Extraction process |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Oleoresins Market Revenues & Volume, By Extraction process, 2018 - 2031F |
6.1.3 Indonesia Oleoresins Market Revenues & Volume, By Solvent extraction, 2018 - 2031F |
6.1.4 Indonesia Oleoresins Market Revenues & Volume, By Supercritical fluid extraction, 2018 - 2031F |
6.2 Indonesia Oleoresins Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Oleoresins Market Revenues & Volume, By Food & beverages, 2018 - 2031F |
6.2.3 Indonesia Oleoresins Market Revenues & Volume, By Pharmaceuticals & nutraceuticals, 2018 - 2031F |
6.2.4 Indonesia Oleoresins Market Revenues & Volume, By Personal care products, 2018 - 2031F |
6.2.5 Indonesia Oleoresins Market Revenues & Volume, By Feed, 2018 - 2031F |
6.3 Indonesia Oleoresins Market, By Sources |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Oleoresins Market Revenues & Volume, By Paprika, 2018 - 2031F |
6.3.3 Indonesia Oleoresins Market Revenues & Volume, By Capsicum, 2018 - 2031F |
6.3.4 Indonesia Oleoresins Market Revenues & Volume, By Seed spices, 2018 - 2031F |
6.3.5 Indonesia Oleoresins Market Revenues & Volume, By Turmeric, 2018 - 2031F |
6.3.6 Indonesia Oleoresins Market Revenues & Volume, By Ginger, 2018 - 2031F |
6.3.7 Indonesia Oleoresins Market Revenues & Volume, By Cinnamon & cassia, 2018 - 2031F |
6.3.8 Indonesia Oleoresins Market Revenues & Volume, By Others, 2018 - 2031F |
6.3.9 Indonesia Oleoresins Market Revenues & Volume, By Others, 2018 - 2031F |
7 Indonesia Oleoresins Market Import-Export Trade Statistics |
7.1 Indonesia Oleoresins Market Export to Major Countries |
7.2 Indonesia Oleoresins Market Imports from Major Countries |
8 Indonesia Oleoresins Market Key Performance Indicators |
9 Indonesia Oleoresins Market - Opportunity Assessment |
9.1 Indonesia Oleoresins Market Opportunity Assessment, By Extraction process, 2021 & 2031F |
9.2 Indonesia Oleoresins Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Indonesia Oleoresins Market Opportunity Assessment, By Sources, 2021 & 2031F |
10 Indonesia Oleoresins Market - Competitive Landscape |
10.1 Indonesia Oleoresins Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Oleoresins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |