Oleoresin Market Report 2026

The oleoresin market size has grown strongly in recent years. It will grow from $1.71 billion in 2025 to $1.81 billion in 2026 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to growth in spice processing industries, increasing use of oleoresins in food formulations, expansion of global spice trade, rising demand for concentrated flavor extracts, availability of diverse botanical raw materials.

The oleoresin market size is expected to see strong growth in the next few years. It will grow to $2.27 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increasing demand for plant-based ingredients, rising adoption of natural colorants and flavors, expansion of nutraceutical manufacturing, growing investments in advanced extraction technologies, increasing regulatory support for natural additives. Major trends in the forecast period include increasing demand for natural flavoring ingredients, rising adoption of supercritical fluid extraction, growing use of oleoresins in clean-label products, expansion of pharmaceutical and nutraceutical applications, enhanced standardization of oleoresin quality.

The growing awareness about health and fitness is expected to boost the growth of the oleoresin market going forward. Health and fitness awareness refers to the level of knowledge, consciousness, and understanding individuals have about maintaining and improving physical and mental well-being through healthy lifestyle choices, exercise, and nutrition. The increasing focus on health and fitness creates a favorable environment for oleoresins, as they are increasingly positioned as valuable natural ingredients in products targeting wellness-oriented consumers. For instance, in September 2024, according to the Health & Fitness Association (HFA) Global Report, a US-based health and fitness industry study, Japan’s fitness facility penetration rate reached 4.5%, covering approximately 5.6 million members, representing a 21.4% increase from the previous year. Therefore, the growing awareness about health and fitness is driving the growth of the oleoresin market.

Major companies operating in the oleoresin market are focusing on developing highly concentrated beadlets of sustainable natural astaxanthin to enhance the stability, bioavailability, and potency of this antioxidant for applications in dietary supplements, animal feed, and cosmetics. Astaxanthin beadlets are small, spherical particles containing astaxanthin - a powerful natural antioxidant - encapsulated within a protective matrix. This approach enables the organic extraction of astaxanthin oleoresin from microalgae while preserving its functional properties. For example, in May 2023, Divi’s Laboratories Limited, an India-based active pharmaceutical ingredient manufacturer, partnered with Algalíf Iceland ehf., an Iceland-based company, to develop concentrated beadlets of naturally occurring astaxanthin oleoresin. These beadlets use advanced microencapsulation techniques to protect astaxanthin from degradation and improve stability during storage and use. The concentrated format allows easier incorporation into dietary supplements, functional foods, and cosmetic products.

In March 2025, Tikehau Capital S.A., a France-based alternative asset management company, acquired Juan Navarro García S.A. (JNG) for an undisclosed amount. Through this acquisition, Tikehau Capital aims to accelerate JNG’s international expansion, broaden its product portfolio, strengthen its position in the natural spice and oleoresin industry, and enhance global operational and distribution capabilities. Juan Navarro García S.A. is a Spain-based food ingredients company specializing in paprika, oleoresins, and natural colorants.

Major companies operating in the oleoresin market are AVT Natural Products Ltd, Ozone Naturals, Akay Natural Ingredients Private Limited, Kalsec Inc., Paprika Oleo's India Limited, Universal Oleoresins Private Limited, Plant Lipids Private Limited, Kancor Ingredients Ltd., Synthite Industries Ltd., All-Season Herbs Private Limited, Chenguang Biotech Group Co. Ltd., TMV Aromatics Pvt Ltd, PT Indesso Aroma, Jean Gazignaire S.A.S., Givaudan SA, Ungerer & Company, Bioingredia Natural Pvt Ltd., Sensient Technologies Corporation, Vidya Herbs Pvt. Ltd., Döhler GmbH, Naturex SA, Algatechnologies Ltd, Cargill Inc., Mitsubishi Chemical Holdings Corporation, Symrise AG, Greenleaf Extractions Pvt. Ltd., Young Living Essential Oils Ltd., Middle Earth Organics, Ransom Naturals Ltd.

Europe was the largest region in the oleoresin market in 2025. Asia-Pacific is expected to be the fastest-growing region in the oleoresin market report during the forecast period. The regions covered in the oleoresin market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the oleoresin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The oleoresin market consists of the sale of essential oil, fenugreek oleoresin, and celery seed. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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