How big is the Oleoresin Market | Manufacturers and Suppliers 2025

Code: MTA8500 Publication Date: Sep 2025

What is the size of Oleoresin Market?

According to 6Wresearch internal database and industry insights, the Global Oleoresin Market was valued at USD 1.5 Billion in 2024 and is expected to reach USD 2.1 Billion by 2031, growing at a compound annual growth rate of 3.40% during the forecast period (2025-2031).

The key factors driving this growth include the increasing demand for natural flavor and coloring agents, rising consumer demand for clean-label food products, as well as growing use of oleoresins in the pharmaceuticals and personal care segments.

Growth Factors for Oleoresin Industry

  • Rising consumption of processed foods requiring natural additives.
  • Demand for plant-derived colorants and flavorings across the F&B sector.
  • Growing use of oleoresins in nutraceutical and pharmaceutical formulations.
  • Expansion of the personal care industry adopting herbal and botanical ingredients.
  • Technological advancements in extraction methods improving yield and quality.

Oleoresin Market Trends

The Oleoresin market trends indicate a shift towards sustainable sourcing and multifunctional product development. The trends are developing across food, cosmetics and the health sector. Some trends include hybrid spice blends, increased shelf-stability, and added functionality in plant-based meal applications.

In conjunction with this, there is market expansion on solventless extraction, high curcumin turmeric oleoresins, and supercritical CO2 extraction. Product development trends also reflect an increased emphasis on traceability, certification, and organic labelling.

Emerging Developments in the Oleoresin Market

The oleoresin market is developing in multiple ways that reflect green extraction technologies and sourcing from diverse botanical. Manufacturers are investing in sustainable practices and sourcing from traceable supply chains to meet the demands of buyers in the premium segment across food and wellness industries.

Collaborative product development with clean-label food brands and pharma is increasingly common. New product launches now often include deodorized or solventless options to allow for sensitive applications. The growth of ready-to-cook food and herbal remedy formulation provides an attractive pipeline for development.

List of Leading Companies in the Oleoresin Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Synthite Industries Pvt. Ltd.

Company NameSynthite Industries Pvt. Ltd.
Established Year1972
HeadquartersKerala, India
Official WebsiteClick Here

Synthite Industries is a pioneer in oleoresin extraction, offering a broad portfolio of spice and herb oleoresins for multiple industries.

2. Kancor Ingredients Ltd.

Company NameKancor Ingredients Ltd.
Established Year1969
HeadquartersKerala, India
Official WebsiteClick Here

Kancor is known for its wide range of natural food ingredient solutions, including premium quality oleoresins from herbs and spices.

3. Universal Oleoresins

Company NameUniversal Oleoresins
Established Year1992
HeadquartersKerala, India
Official WebsiteClick Here

Universal Oleoresins provides high-quality natural extracts with specialization in spice oleoresins for food and pharma sectors.

4. Plant Lipids Pvt. Ltd.

Company NamePlant Lipids Pvt. Ltd.
Established Year1979
HeadquartersKerala, India
Official WebsiteClick Here

Plant Lipids is one of the largest producers of spice extracts and oleoresins, supplying to food, fragrance, and nutraceutical industries.

5. Arjuna Natural Pvt. Ltd.

Company NameArjuna Natural Pvt. Ltd.
Established Year1989
HeadquartersKerala, India
Official WebsiteClick Here

Arjuna Natural offers turmeric-based oleoresins and other plant actives, focusing on high-curcumin extracts with clinical backing.

6. Gazignaire

Company NameGazignaire
Established Year1865
HeadquartersGrasse, France
Official WebsiteClick Here

Gazignaire specializes in natural aromatic products and oleoresins, catering to the flavor and perfumery sectors.

7. Indena S.p.A.

Company NameIndena S.p.A.
Established Year1921
HeadquartersMilan, Italy
Official WebsiteClick Here

Indena is engaged in botanical derivatives and oleoresins for pharmaceutical, health food, and personal care applications.

8. Ungerer & Company

Company NameUngerer & Company
Established Year1893
HeadquartersNew Jersey, United States
Official WebsiteClick Here

Ungerer manufactures essential oils and oleoresins used widely in flavors and natural fragrances.

9. Ozone Naturals

Company NameOzone Naturals
Established Year2013
HeadquartersHaryana, India
Official WebsiteClick Here

Ozone Naturals delivers clean-label and solvent-free oleoresins through eco-friendly extraction methods for food and nutraceuticals.

10. Akay Natural Ingredients

Company NameAkay Natural Ingredients
Established Year1995
HeadquartersKerala, India
Official WebsiteClick Here

Akay focuses on clinically validated oleoresins and bioavailable actives for dietary supplements and functional foods.

How big is the Oleoresin Market : FAQs

The Oleoresin Market is expected to surpass USD 2.1 Billion by 2031.
Key players include Synthite Industries, Kancor Ingredients, Plant Lipids, and Arjuna Natural, with wide product offerings across food, wellness, and pharma.
The Oleoresin Market is experiencing growth in demand for solvent-free, organic-certified, and clean-label variants, along with spice blend innovation.
Competition is intensifying as firms invest in sustainable extraction, expand sourcing networks, and build partnerships with health-focused product manufacturers.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All