Paprika Oleoresin Market Expansion: Key Developments & Product Innovations
Paprika Oleoresin Market Poised for Robust Growth Through 2032 Driven by Natural Colorant Demand Market Overview The Paprika Oleoresin Market is gaining considerable traction as industries increasingly shift toward natural ingredients in food, cosmetics, and pharmaceuticals. Derived from Capsicum annuum, paprika oleoresin is a natural extract used as a colorant and flavoring agent . This deep red extract is rich in carotenoids, especially capsanthin and capsorubin, offering not only vibrant pigmentation but also antioxidant benefits. The global paprika oleoresin market size and share was valued at USD 162.95 million in 2023 and is expected to grow at a CAGR of 8.7% during the forecast period.This growth trajectory is underpinned by escalating demand for clean-label products , increased consumer awareness of natural food ingredients, and expanding application areas across several industries. The market is also benefiting from technological advancements in...