April 26, 2022 09:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
ALBANY, N.Y., April 26, 2022 (GLOBE NEWSWIRE) -- The global marigold oleoresin market is estimated to reach US$ 65.8 Mn in 2022. The global market is predicted to rise at a CAGR of 7.6% during the forecast period, from 2022 to 2032. The global marigold oleoresin market is anticipated to attain the valuation of US$ 136.7 Mn by 2032. The demand for marigold oleoresins is likely to rise due to the steadily increasing use of natural coloring additives in different foods and drinks. Growing consumer preference for clean label as well as healthy & organic substances in food & beverages is likely to drive the global marigold oleoresin market. The global market is also being supported by the growing usage of marigold oleoresin in different end-use industries such as personal care & cosmetics, food & beverages, and pharmaceuticals.
Organic food companies are profiting significantly in the global marigold oleoresin market, owing to the rapidly increasing popularity of natural food products. The legal discrepancy between compounds designated as natural food extracts with coloring properties and food additives is likely to prove advantageous for extract producers. Producers of organic food are more inclined to rely on exemption provisions in organic laws, owing to its very low concentrations.
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The global marigold oleoresin market is likely to be driven by numerous health benefits and distinctive color properties of carotenoid pigments found in oleoresins. In the forthcoming years, expansion and innovation in cosmetics & personal care businesses are likely to drive the demand for oleoresin.
Key Findings of Market Report
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Global Marigold Oleoresin Market: Growth Drivers
Global Marigold Oleoresin Market: Key Competitors
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Global Marigold Oleoresin Market: Segmentation
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