Market Research Reports - Ken Research Essential Oil and Oleoresins Market India | Page 3

hair care products resulted in this segment contribute ~% to the overall revenues from sales of
various types of herbs used for extraction by cosmetics industry during FY’2017.
India Food and Beverages Herbal Extracts Market
Segmentation by Major Herbs: The revenues generated from sales of extract derived from amla
dominated the Food and Beverages herbal extracts market, contributing ~% of the overall
revenues during FY’2017. The sales of aloe vera extracts constituted for INR ~ crore in the
overall revenues from sales of herbal extracts to companies operating in food and beverages
industry in the country during FY’2017. The growing sales of bitter gourd juices have added to
the sales of the extracts from the herb, contributing ~% to the overall market revenues during
FY’2017. The total sales of extract produced from jamun constituted INR ~ crore in the overall
sales by the market players to F&B sector in the country during FY’2017. The sales of ginger and
turmeric extract to food and beverages companies accounted for ~% and ~% respectively of the
overall sales during FY’2017. The sales of boswellia accounted for~% of the overall revenues
generated by the herbal extracts manufacturers from their sales to food and beverages
customers during FY’2017.
Snapshot on India Oleoresins Market
Oleoresins are pure extracts of spices or herbs. Kancor Ingredients was the first market player
in India manufacturing oleoresin of black pepper, followed by Synthite Industries Limited and
Plant Lipids. Other leading market players include Arjuna Natural Extracts Ltd., and Sami Labs
Limited. As per several industry reports, India held over ~% in the global oleoresins production
in FY’2017.
India oleoresins market increased from INR ~ crore during FY’2012 to INR ~ crore during
FY’2017, at a CAGR of ~% during the same period. The market for oleoresins has been
increasing due to rising demand for packaged spices and the use of spice mixes in food
applications. The allowance of ~% foreign direct investment (FDI) in five plantation crops, which
include cardamom via the automatic route has attracted foreign fund in cardamom plantation,
thus having a positive effect on the extraction volumes of oleoresins.
Major Herbs Used to Extract Oleoresins: The most used herbs for oleoresins extraction are
turmeric, black pepper, paprika, capsicum, ginger, garlic, and onion. In terms of volume,
oleoresins from paprika had the largest contribution in the market, whereas, in terms of value,
oleoresin from turmeric led the overall revenues during FY’2017.
India Oleoresins Market Future Outlook and Projections: The market for oleoresins in India is
expected to incline from INR ~ crore during FY’2017 to INR ~ crore during FY’2022, at a CAGR of
~% during the same period. Asia Pacific is projected to drive the growth of the market owing to