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The global paprika market is expected to exhibit a CAGR of 5.55% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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 2022-2027. Our report has categorized the market based on product and application.
Breakup by Product:
Breakup by Application:
Breakup by Region:
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.
|Base Year of the Analysis||2021|
|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, and Unilever PLC|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|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)|
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