Calendula oleoresin, another name for marigold oleoresin, is a yellow liquid that is extracted from the marigold flower. Marigolds have continued to be associated with religion, particularly in Indian culture. Nonetheless, it has potent anti-inflammatory, antifungal, and antibacterial activities. It has an abundance of lutein, a potent antioxidant that shields the body from a variety of skin conditions and illnesses.
It contains a significant amount of xanthophyll, a potent antioxidant found in the extracted marigold oleoresins. Since it contains carotenoids, its antibacterial effects are used to heal burns and acne. The refined extract of xanthophyll lutein, derived from marigold oleoresin in controlled proportions, is regulated, according to the Food and Drug Administration (FDA).
According to a recent report released by Extrapolate, 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.
Marigold Oleoresin Applications in Various Industries
Marigold oleoresin is believed to be driven by a variety of other reasons in addition to its medical benefits, such as its particular color characteristics of carotenoid pigments. Additionally, it is anticipated that the personal care and cosmetics sectors would drive oleoresin demand:
- Food and Beverages: Since marigold oleoresin has the ability to enhance the scent and flavor of preparations, the market expansion is anticipated to coincide with rising product demand in this sector. It is used in a variety of foods, including pastries, hard liquor, and jams, among others.
- Oleoresins are used in cosmetic and pharmaceutical products to treat a variety of ailments. Consumers’ dietary tastes are changing as a result of rapid urbanization and rising health consciousness. The demand for plant-based consumables and extracts is rising, which is also fueling the development of marigold oleoresin.
- Pharmaceutical Industry: As previously mentioned, marigold oleoresin is used in clinical studies by pharmaceutical companies to address dermatological issues. The expanding medicinal properties have a significant impact on the market’s expansion.
Furthermore, due to growing consumer awareness of the health advantages of the product, marigold oleoresin’s organic and plant-based solutions held the biggest market share in 2020. The demand for marigold oleoresin is anticipated to increase due to the development of extraction technologies like solvent extraction and supercritical fluid extraction (SFE).
What is Watering Marigold Oleoresin?
The global market for marigold oleoresin is lucrative for organic food producers as a result of the rising trend toward adopting natural food products. The capacity of natural food extracts to color may be a benefit of the legal distinction between substances recognized as food additives and extracts from such foods. Organic food producers are more inclined to rely on exception clauses under organic laws because of the incredibly low amounts. The demand for oleoresin is projected to be driven in the next few years by expansion and advancement in the cosmetics and personal care industries.
Producers in the marigold essential oil market have consistent income streams owing to the expanding HoReCa (hotels, restaurants, and cafés) sector. The marketplace is growing because of the rising consumer demand for organic food items. Organic marigold oleoresin production has been shown to grow exponentially, whereas conventional marigold goods dominate the market with over 90% of sales. As a result, manufacturers are increasing the number of products they provide to boost sales and profits.
Marigold Oleoresin: Peek into the Blooming Industry
With greater integration across the value chain and long-term contractual relationships with raw material suppliers, the major companies in the marigold oleoresin market, such as Young Living Essential Oils, Edens Garden, Mountain Rose Herbs, and others, have established their dominance in the market. The market is anticipated to rise significantly as a result of lower raw material prices due to higher investment in the product innovation sector.
More players will likely prosper in the coming years due to enhanced technology and higher growth prospects. For instance, the producers of marigold oleoresin are concentrating on raising awareness about items made from marigolds so that consumers will demand better products. Also, it is anticipated that the producers of marigold oleoresin would eventually benefit from labels and certifications of quality.
For instance, Ozone Natural Pvt. Ltd. obtained several quality certifications to increase the product range’s adoption in different end-user industries. It obtained accreditations for Halal, FSSAI, Organic, and ISO from a number of internationally renowned organizations that certify marigold oleoresin. Throughout the forecast term and in the years to come, this is anticipated to keep driving the market.