The marigold flower is used to produce a yellow liquid known as oleoresin, sometimes known as calendula oleoresin. Marigolds still retain a religious connotation, especially in Indian culture. Nevertheless, it possesses strong antibacterial, antifungal, and anti-inflammatory properties. It contains a lot of lutein, a strong antioxidant that protects the body from a number of illnesses and skin disorders.
The extracted marigold oleoresins include a considerable proportion of xanthophyll, a strong antioxidant. It has carotenoids, which have antimicrobial properties that are used to treat acne and burns. The Food and Drug Administration (FDA) regulates the refined extract of xanthophyll lutein, which is derived from marigold oleoresin in prescribed amounts.
According to a recent report released by Extrapole, the market for the global marigold oleoresin is anticipated to experience robust growth with USD 40.6 Mn in 2030, at a CAGR of 7.6% from a valuation of USD 18.7 Mn in 2021.
In general, frozen foods, sauces, sweets, processed fruits, dairy products, cereals, and drinks use the natural food coloring component lutein. Marigold oleoresin is frequently used in the pharmaceutical business because of its medicinal properties.
Due to its ability to combat free radicals, lutein is useful in the treatment of AMD, also known as age-related macular degeneration, and in enhancing eye health. People all over the world are aware of this yellow pigment's antioxidant and anti-cancer properties. Additionally, because of its antibacterial qualities, it is used to heal burns and acne. In animal feed, notably for poultry, it is used to color egg yolks.
Marigold Oleoresin Applications in Various Industries
In addition to its medicinal properties, marigold oleoresin is thought to have a number of other advantages, including its distinct color properties due to carotenoid pigments. The personal care and cosmetics industries are also projected to fuel demand for oleoresins.
- Food and Beverages: Since marigold oleoresin can improve the flavor and aroma of preparations, market growth is predicted to follow an increase in product demand in this industry. It is a component of many meals, including jams, pastries, and hard liquor.
- Oleoresins are used to treat a wide range of illnesses in cosmetic and medicinal products. Rapid urbanization and a rise in health consciousness are affecting the eating preferences of consumers. The development of marigold oleoresin is being fueled by the increased demand for plant-based foods and extracts.
- Pharmaceutical Industry: Pharmaceutical firms employ marigold oleoresin in clinical studies to address dermatological problems, as was already stated. The market's growth is significantly impacted by the rising demand for medicinal properties.
Furthermore, Marigold oleoresin's organic and plant-based solutions held the largest market share in 2020 as a result of rising consumer awareness of the product's health benefits. Due to the advancement of extraction methods, including supercritical fluid extraction (SFE) and solvent extraction, the demand for marigold oleoresin is expected to rise.
What Distinguishes Oleoresin from Essential Oil?
Two significant chemical compounds derived from plants are oleoresin and essential oil. A variety of uses exist for these chemicals. The main distinction between an essential oil and an oleoresin is that oleoresin is a naturally occurring mixture of essential oils and resins obtained from a plant source, whereas an essential oil is a concentrated liquid that captures the essence of the aroma of the plant.
Additionally, oleoresin is used to make beverages, processed meat, sauces, soup powders, curry powders, sweets, and noodles, while essential oils are utilized to treat various ailments such as headaches, stomach spasms, memory loss, digestion assistance, and more.
What is Driving Marigold Oleoresin Market?
Due to the growing demand for natural food items, the marigold oleoresin industry is beneficial for producers of nutritious foods worldwide. The legal distinction between compounds recognized as food additives and extracts from such foods may boost natural food extracts' ability to color. Because of the relatively small levels, organic food producers are more likely to depend on exception clauses in organic rules. In the upcoming years, growth and development in the cosmetics and personal care industries are anticipated to be the primary drivers of oleoresin demand.
The growing HoReCa (hotels, restaurants, and cafés) industry provides producers in the marigold essential oil market with stable income sources. The market is expanding as a result of growing consumer demand for organic food products. It has been demonstrated that the production of organic marigold oleoresin is increasing dramatically, while conventional marigold products command a market share of more than 90%. As a result, producers are offering more products in an effort to increase sales and profits.
Marigold Oleoresin: Peek into the Blooming Industry
The major players in the marigold oleoresin market, including Young Living Essential Oils, Edens Garden, Mountain Rose Herbs, and others, have gained their dominance in the industry through increased integration across the value chain and long-term contractual relationships with raw material suppliers. A large increase in the market is projected as a result of decreasing raw material costs brought on by increased investment in the product innovation sector.
Enhanced technology and greater growth potential will certainly lead to greater success for more players in the upcoming years. For instance, the manufacturers of marigold oleoresin are focusing on increasing consumer knowledge of products derived from marigolds in order to encourage them to seek better goods. Additionally, it is hoped that labels and certifications of quality may someday be advantageous to marigold oleoresin manufacturers.
For instance, Ozone Natural Pvt. Ltd. achieved multiple quality certifications to improve the product line's adoption in various end-user industries. Several well-known worldwide organizations that accredit Marigold oleoresin have granted it accreditations for Halal, FSSAI, Organic, and ISO. This is predicted to continue driving the market during the course of the forecast period and the following years.
Winding It Up
The market for marigold oleoresin is a dynamic sector with a wide range of uses, particularly in the food and feed sectors. The demand for marigold oleoresin as a natural food colorant is anticipated to rise as customers continue to want natural and healthy ingredients. Technology and research developments may open up new prospects for marigold oleoresin to enter new markets. Overall, the marigold oleoresin market has a bright future, and it will be interesting to track how this sector changes over the next few years.