Press Release

The global marigold oleoresin market was valued at USD 18.7 Mn in 2021. The market is projected to grow USD 40.6 Mn in 2030, at a CAGR of 7.6%.

Rising demand for marigold oleoresin in the food and beverage industry. The primary goal is to improve the flavour of the food. Food, alcoholic beverages, snacks, pastries, and jellies all contain this component. Market participants are benefiting from the increased use of marigold oleoresins as a flavouring additive in the food processing industry. In the next years, the market is likely to be driven by several health benefits and the unique colour properties of carotenoid pigments included in these oleoresins.

Marigold oleoresin can be used to treat bacterial infections in wounds as an alternative to antibiotics. Carotenoids are a key component of marigold oleoresins, and they aid in the management of infections such as acne and burns. Inflammation reduction is another important element driving up demand for marigold oleoresin in the pharmaceutical business. Marigold oleoresin has been shown to be useful in the treatment of AMD (Age-related Macular Degeneration). Furthermore, the global market is being fueled by the increasing use of marigold oleoresin in baking foods, frozen foods, jams and jellies, newborn formula food, drinks, and other applications. Marigold oleoresin is also used to colour broiler skin and egg yolks in animal feed and poultry.

The rising demand for marigold oleoresins around the world is providing product makers with chances to add value. The global marigold oleoresin market is developing due to factors such as expanding distribution channels, such as hypermarkets/supermarkets, specialty stores, and so on. Customers of online shopping platforms have a wide range of purchasing possibilities. Consumers are more likely to acquire things from online channels as a result of digitalization and secure online payment options. In the next years, this is projected to enhance the global marigold oleoresin market. The profitable presence of product manufacturers operating in the global marigold oleoresin market across the globe is offering global market expansion chances.

The organic held the largest market share in 2020 of the global marigold oleoresin market attributing to the extremely low concentrations, organic food producers can rely on an exemption provision in organic rules. The super critical fluid extraction (sfe) held the largest market share in 2020 of the global marigold oleoresin market attributing to the obtaining highest yield capacity at optimum conditions. The most common extraction methods amongst others. The food & beverage held the largest market share in 2020 of the global marigold oleoresin market attributing to increased demand in the food and beverage industry is one of the key factors impacting the global market. The B2C segment is dominated the market share in 2020 owing to easy availability and consumer preference as they prefer to touch and check before purchasing.

DRIVING FACTORS

Increasing Demand of Organic Based Marigold Oleoresin

Due to the growing trend of consuming natural food products, organic food producers are reaping profitable benefits in the worldwide marigold oleoresin market. The legal distinction between compounds designated as food additives and natural food extracts with the ability to color may benefit extract producers. Due to the extremely low concentrations, organic food producers are more likely to rely on exemption provisions under organic rules. In the future years, growth and improvement in the cosmetics and personal care industries are likely to drive demand for oleoresin.

Increasing Usage in HoReCa Industry Favoring Market Growth

The ever-growing HoReCa (Hotels, Restaurants, and Café) industry is providing manufacturers in the marigold essential oil market with steady revenue streams. Increasing demand for organically food products is aiding the market growth. Organically marigold oleoresins are witnessed to increase at an exponential rate, conventional marigold products own over 90% of the market. As a result, manufacturers are expanding their product line to increase the revenue profits.

Read More Details On This Report: https://extrapolate.com/Chemicals-and-Advanced-Materials/marigold-oleoresin-market/25789