Oregano Oleoresin Price Trend and Forecast

Oregano Oleoresin Regional Price Overview

Get the latest insights on price movement and trend analysis of Oregano Oleoresin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Oregano Oleoresin Price Trend for the First Half of 2024

In the first half of 2024, the price trend for oregano oleoresin closely followed that of oregano, reflecting their direct connection. Oregano oleoresin, a concentrated extract that captures the essential oils and flavor compounds of oregano, relies heavily on the raw oregano market. As oregano experienced steady demand in the European market, particularly within the food processing and seasoning sectors, the price of oregano oleoresin remained stable.
 

Oregano Oleoresin Price Chart

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This stability was underpinned by the consistent interest in natural and organic food additives, with both oregano and its oleoresin benefiting from the ongoing consumer shift towards natural ingredients. The steady supply of oregano ensured minimal price volatility for its oleoresin counterpart, as production costs are directly influenced by the raw material's market conditions. The stable market dynamics during this period led to a balanced pricing environment for both products.

Analyst Insight

According to Procurement Resource, not much change is anticipated in the Oregano Oleoresin pricing dynamics in the coming months; the market is projecting stability moving forward.
 

Oregano Oleoresin Price Trend for the Second Half of 2023

In the second half of 2023, the price trend for oregano oleoresin showed a close correlation with the price of raw oregano, driven by the intrinsic relationship between the two. Oregano oleoresin is extracted from oregano leaves, meaning any fluctuations in the availability, quality, or cost of oregano directly impact the oleoresin market. During this period, stable yields from Turkey’s oregano farms, despite challenges such as labor shortages and climate variability, ensured a steady supply of raw oregano.

Consequently, the prices of oregano oleoresin remained relatively stable. This trend reflects the broader dynamics within the oregano market, where factors affecting oregano production, such as agricultural practices and climatic conditions, simultaneously influence the price and availability of its derivative, oleoresin. Thus, the pricing of oregano oleoresin is highly sensitive to the conditions governing the cultivation and harvest of oregano itself, leading to coinciding price trends between the raw herb and its concentrated extract during H2 2023.

Analyst Insight

According to Procurement Resource, similar buoyancy is expected in the Oregano Oleoresin market in the year 2024, too, since the current upstream and downstream equation suggests stability.
 

Oregano Oleoresin Price Trend for the First Half of 2023

Oregano oleoresin has many therapeutic and pharmaceutical benefits, and it is also increasingly becoming a part of the kitchen grocery lists. The European region is home to the herb, and it is extensively used here as a spice as well.

The oregano oleoresin market fluctuated throughout the first half of the year 2023. Price trend mostly swung on the higher side. As the awareness about the benefits of oregano oleoresin increased, downstream and end consumer demands too saw a surge over the period of time.

The curtailed supplies of feedstock oregano owing to reduced acreage and delay in harvesting due to severe weather conditions impacted the availability of products in the market. Supply shortages coupled with high demand from downstream pharma, food, and flavour industries caused the oregano oleoresin prices to increase substantially. Despite the normalisation of trade activities, the high demands continued to exert pressure on the price trend of oregano oleoresin.

Analyst Insight

According to the Procurement Resource, the Oregano Oleoresin market projections look promising, as the market demands are expected to rise further.

Procurement Resource provides latest prices Of Oregano Oleoresin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.