North America Paprika Oleoresin MarketShare, Size, Growth and Forecast lluminated By New Report
Paprika Oleoresin Market: Introduction
According to
a recent study conducted on the paprika oleoresin market by
Transparency Market Research, the market is expected to grow at a CAGR of 7.3% to
reach US$ 459 Mn by the end of the forecast
period. Paprika oleoresin is an oil-soluble extract obtained from the fruits of
capsicum frutescens or capsicum annuum that is mostly used in food as a colorant
and flavoring. Paprika oleoresin is largely used in food and beverages as food
colorants. It is widely used to add color and flavor to numerous of dishes. The
product has the characteristic odor of sweet chillies.
Europe holds
majority of the value share of 23.1% of the global paprika oleoresin market.
The market in the region is estimated to be valued at approximately US$ 70.3 Mn
in 2021, and is forecast to expand at an approximate CAGR of 6.8% reaching US$
135.5 Mn by 2031 in the region.
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Benefits of Paprika Oleoresin to Provide
Market Growth Opportunities
Paprika
oleoresin has been shown to have several benefits for cutaneous functions in
recent clinical research in the field of pharmaceutical. Paprika oleoresin
showed a synergistic antioxidant effect, and aid in reducing free radicals in
the human body. It finds application due to anti-cancer, anti-inflammation
features, and analgesia. The microencapsulation technology improves stability
while also controlling the release of bioactive chemicals. Based on carrier,
paprika oleoresin with 1, 00,000 CU was encapsulated at three concentrations of
5, 10, and 15%. Paprika oleoresin in micro sealed capsules with a matrix
material (Gum Arabic) to preserve against oxidation and convert it to a
free-flowing powder.
The color
stability of co-crystallized paprika oleoresin was studied using two
treatments. The objective of one treatment was to see how temperature affected
color degradation, while the other was to find out how light affected it. The
demand for paprika is growing due to its unique coloring features, which are
related to the presence of carotenoid pigments, which provide significant
health benefits in a variety of foods will drive the market growth over the
forecast period.
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Increasing Demand for Capsaicin in
Treatment of Joint Pain to Drive Global Market
Capsaicin is
a neuropeptide that releases neuropeptides only in primary sensory peripheral
neurons. Capsaicin, when applied topically on the skin, helps to relieve pain
in the peripheral nerves. In the manufacturing of joint pain treatments, the
powdered form of paprika oleoresin is extensively used. Capsaicin was found to
be more efficient than placebo in treating osteoarthritis and fibromyalgia,
according to a study conducted by Arthritis Research U.K. It can also be taken
safely. Capsaicin's ability to alleviate pains and aches stems from its ability
to deplete nerves' supplies of subsistence P, a neuropeptide responsible for
transmitting pain signals to the brain, blocking pain transmission.
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Anti-toxic medications are being mass-produced on a large scale
in the pharmaceutical segment, which is attracting consumers and increasing the
market revenue of paprika oleoresin. Capsaicin cream, which can be bought
over-the-counter or manufactured at home, is a popular topical pain treatment.
Capsaicin, both produced and homemade, can be used to treat arthritis and other
painful musculoskeletal diseases. Deep joints, such as the back, hips, and
shoulders, are likely to benefit from it.
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Transparency
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