Paprika Oleoresin Market to Rise at CAGR of 7.3% During Forecast Period, Notes TMR Study
- The powdered version of paprika oleoresin is widely used in the manufacturing of joint pain medications, thereby driving the global paprika oleoresin market
- Growing consumer awareness about the benefits of consuming food products containing natural plant-derived extracts without compromising on flavor and taste is anticipated to drive the global market
ALBANY, N.Y., March 31, 2022 /PRNewswire/ -- The value of global paprika oleoresin market stood at US$ 195 Mn in 2021. The global market is likely to rise at a CAGR of 7.3% from 2021 to 2031. The global paprika oleoresin market is estimated to surpass valuation of US$ 459 Mn by 2031. In a recent clinical study in the field of pharmaceuticals, paprika oleoresin has demonstrated to have numerous advantages for cutaneous functioning. Paprika oleoresin has a synergistic antioxidant action and can help the body to reduce free radicals.
Its anti-inflammation, anti-cancer, and analgesic properties make it useful. Microencapsulation method enhances stability whilst also limiting releasing bioactive. Paprika oleoresin with 1,00,000 CU was encased in three different concentrations depending on carrier: 5, 10, and 15%. Paprika oleoresin in microcapsules with a matrix substance (Gum Arabic) to protect it from oxidation and change it into a free-flowing powder.
Two different treatments were used to investigate the stability of color of co-crystallized paprika oleoresin. One treatment sought to determine how temperature caused deterioration of color, whilst the other sought to determine how light impacted it. The global paprika oleoresin market is likely to expand in the forthcoming years as demand for paprika grows due to its distinctive coloring qualities, which are attributed to the existence of carotenoid pigments, which give substantial health advantages in a number of cuisines.
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Key Findings of Market Report
- It has been discovered that a huge percentage of customers throughout the world eat far more salt than is necessary. Salt is colored with paprika oleoresin, and there is a high desire for items with less salt. As a result, paprika oleoresin is being used by a number of food companies to hide the salt reduction. Furthermore, the increasing demand for organic certified paprika oleoresin is likely to propel the global paprika oleoresin market.
- Paprika oleoresin manufacturers are investing more on research & development activities for one-drop solutions incorporating natural spice extracts such as paprika oil and black pepper oil. Food and beverage (F&B) goods, nutraceuticals, perfumes, and pharmaceutical products all make use of these extracts.
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- The legal distinction between natural food extracts with colorant properties and chemicals classified as food additives can favor paprika oleoresin producers. Paprika oleoresin is included to meals in small quantities of 0.01–0.05 %. Organic food producers typically depend on an exemption clause under the organic laws, owing to these very low concentrations. They can employ a little amount of non-organic ingredients while maintaining the organic designation.
- Chilli oleoresins are used in pharmaceutical applications to manage minor muscle and joint problems, sprains, backaches, and gout, which is expected to drive global market expansion. They contribute to the body's elimination of free radicals. Additionally, dried and ripe capsicum frutescens or capsicum annuum fruits are used to make the product.
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Global Paprika Oleoresin Market: Growth Drivers
- Paprika oleoresin offers a range of health advantages, such as decline in cramping, digestive issues, intestinal gas, and stomach discomfort. Paprika oleoresin is a major component in personal care products and cosmetics due to its functional properties.
- Manufacturers are ramping up manufacturing of water-dispersible, non-GMO, and palm-free paprika oleoresin, which is likely to give soft drinks a blurry orange hue. This ingredient is being created as a vegan replacement for cochineal extract, and it is projected to drive growth of the global paprika oleoresin market.
Global Paprika Oleoresin Market: Key Players
Some of the key market players are
- Chenguang Biotech Group Co., Ltd.
- Manohar Botanical Extracts Pvt. Ltd.
- Akay Natural Ingredients Pvt. Ltd.
- Nature Plus Herbal Cosmetics
- AVT Natural Products
- Cymbio Pharma Pvt. Ltd.
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Global Paprika Oleoresin Market: Segmentation
Nature
- Organic
- Conventional
Extraction Method
- Solvent Extraction
- Supercritical Fluid Extraction [SFE]
End Use
- Pharmaceutical
- Food & Beverage
- Cosmetic & Personal Care
Distribution Channel
- B2B
- B2C
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