Market Overview:
The global paprika market size is projected to exhibit a growth rate (CAGR) of 4.91% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Growth Rate 2024-2032 |
4.91% |
Paprika is a mild-flavored ground spice used in foods as a color garnish. It is prepared by air-drying sweet peppers and red, green and orange capsicums and is often used with cayenne spice to add a smoky-sweet flavor to the dish. Paprika is commonly available in powder and oil forms and is a rich source of antioxidants, carotenoids, natural lipids and essential vitamins and minerals that aid in the formation of new red blood cells (RBCs). As a result, it is widely used in the manufacturing of food and beverages, including spice blends, rubs, marinades, sauces, stews, pasta and sausages, cosmetics and pharmaceutical products.
Significant growth in the food and beverage industry across the globe is one of the key factors creating a positive outlook for the market. Paprika is widely used as a natural coloring agent to enhance the flavor and to improve the stability of the food products. Furthermore, increasing consumer awareness regarding the health benefits of paprika is also driving the market growth. Paprika exhibits various anti-aging, anti-inflammatory, anti-depression and antioxidant properties, which aid in reducing pain, anxiety, inflammation, blood sugar levels and arthritis and assists in improving good cholesterol levels, vision and blood cell count. It is also rich in capsaicinoids that are used for improving cardiovascular and gastrointestinal health. Additionally, the launch of natural paprika powder, which is produced using organic ingredients, is favoring the market growth. Other factors, including rising expenditure capacities of the consumers, along with the increasing demand for specialty foods, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global paprika market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product and application.
Breakup by Product:
- Vegetable
- Spice Powder
- Paprika Oleoresin
- Others
Breakup by Application:
- Food
- Pharmaceuticals
- Cosmetics
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Chr. Hansen Holding A/S, Extractos Vegetables, S.A., International Flavors & Fragrances Inc., Mane Kancor Ingredients Private Limited, Naturex S.A., Plant Lipids Private Limited, Synthite Industries Ltd., Givaudan SA, and Unilever PLC.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Million |
Segment Coverage |
Product, Application, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
Chr. Hansen Holding A/S, Extractos Vegetables, S.A., International Flavors & Fragrances Inc., Mane Kancor Ingredients Private Limited, Naturex S.A., Plant Lipids Private Limited, Synthite Industries Ltd., Givaudan SA, Unilever PLC |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global paprika market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global paprika market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global paprika market and who are the key players?
- What is the degree of competition in the industry?