SAN FRANCISCO, March 29, 2016 /PRNewswire/ --
The global oleoresin market is expected to reach USD 1.69 billion by 2022, according to a new report by Grand View Research, Inc. Increasing flavors demand is expected to remain a key driving factor for global oleoresin market over the forecast period. Shifting consumer preferences towards natural ingredients over synthetic flavors is also expected to have a positive impact on the market growth. Oleoresins are widely used in treating cancer, stress and back pain owing to its antioxidant and anti-inflammatory properties which is expected to help in its market development further.
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High prices of oleoresins are expected to remain a key hindrance for their market penetration. High initial investment cost may prevent new entrants from entering the market. Several R&D initiatives have been undertaken by government to unlock potential applications related to healthcare and to introduce less expensive oleoresins components which are not affected by microbial contamination. Such trends are projected to create new avenues for market participants.
Browse full research report with TOC on "Oleoresin Market Analysis By Product (Cardamom, Pepper, Turmeric, Chilly, Paprika, Ginger), By Application (Processed Food, Beverages, Pharmaceuticals) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/oleoresins-market
Further key findings from the study suggest:
Grand View Research has segmented the oleoresin market on the basis of product, application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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