What is the Global market size of the Paprika Market?

Global Paprika Market size was valued at USD 485.6 million in 2021 and is poised to grow from USD 513.34 million in 2022 to USD 803.8 million by 2030, growing at a CAGR of 5.8% in the forecast period (2023-2030).

Who are the key vendors in the Global Paprika Market?

The market's major players are based in the United States and India. Through product and technological improvements, these companies aim to increase their market share and profitability. The market is expecting entrance of new players in regional and global level. Investing in collaborations, mergers, and acquisitions might provide them with an edge over their competitors. 'Synthite Industries Ltd', 'Olam International Limited', 'The Kraft Heinz Company', 'McCormick & Company, Incorporated', 'Everest Spices', 'Baria Pepper', 'Univar Solutions Inc.', 'ADF Foods Ltd.', 'Visimex JSC', 'Paprika Oleo's India Limited', 'HORGOS LUHU SPICE CO., LTD.', 'BIO-PAPRIKA Kft.', 'NATURAL SPICES GmbH', 'BATA FOOD', 'Ungerer Limited', 'HalleysBlue', 'Jiaozuo Hengrun Food Co., Ltd.', 'Guangzhou Fung Yue Hang Trading Co., Ltd.', 'Batory Foods', 'Frontier Co-op.'

Paprika Market Size, Share, Growth Analysis, By Product Type (Paprika Powder, Paprika Oleoresin), By Application, By Distribution Channel, By Region - Industry Forecast 2025-2032

Report ID: SQMIG15A2358 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 64 | Figures: 75

Paprika Market News

In February 2022, Paprika Gourmet, an artisanal delivery and catering company based in Kolkata, is getting ready to expand its reach into global markets by offering global cuisines. After a successful stint in Dubai, United Arab Emirates, the brand is extending its catering services to include offerings from Peru, Korea, Mexico, and Asia. The company has one cloud kitchen in Dubai in addition to Kolkata.

Paprika Market Report Snapshots

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Global Paprika Market size was valued at USD 510.67 million in 2022 and is poised to grow from USD 538.20 million in 2023 to USD 819.10 million by 2031, growing at a CAGR of 5.4% during the forecast period (2024-2031).

The market's major players are based in the United States and India. Through product and technological improvements, these companies aim to increase their market share and profitability. The market is expecting entrance of new players in regional and global level. Investing in collaborations, mergers, and acquisitions might provide them with an edge over their competitors. 'Chr. Hansen Holding A/S ', 'Synthite Industries Ltd. ', 'Kalsec Inc. ', 'DDW The Color House ', 'Naturex S.A. ', 'Plant Lipids ', 'Universal Oleoresins ', 'Ungerer & Company ', 'Akay Group Ltd. ', 'Paprika Oleo’s India Ltd. ', 'AVT Natural Products Ltd. ', 'Evesa ', 'Bioprex Labs ', 'Yunnan Honglv Capsaicin Co., Ltd. ', 'Sinopaprika Co., Ltd.'

Increasing demand for spices and oils in the food processing procedure is leading to rising awareness about the health benefits of the natural colouring agents over the artificial one. Growing demand in the specialty food market and ready to eat dishes are propelling the growth of paprika market. The macro-economic factors such as economic growth, changing lifestyle along with rising disposable income favours the demand for paprika in the market. The rise in demand for paprika across various applications such as pharmaceutical, cosmetic, and food for skin and hair care products due to its antioxidant, anti-bacterial, anti-fungal, colourings, and flavourings properties are key factors driving market growth. There is also an increase in demand in food processing as well as an increase in awareness for natural colorants that offer a variety of benefits.

Holistic Benefits of Consuming Paprika will Steer Market Growth: Paprika possesses unique anti-depression, anti-inflammatory, antioxidant, and anti-aging properties and this will steer the market trends. It is also utilized in treating cancer, arthritis, dysentery, and nausea. These features will provide added advantage to the market. Changing food habits and life patterns along with massive demand for spicy flavors will increase the utility of the product within the span of the next few years. Furthermore, growing consciousness about natural coloring agents providing numerous health advantages to consumers will result in market growth in coming years.

Europe held the largest global paprika market share in 2021. Due to improved production and processing technology, European countries such as the U.K., France, Germany, and Italy are expected to have a rapid pace in the paprika extract market.

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Paprika Market Size, Share, Growth Analysis, By Product Type (Paprika Powder, Paprika Oleoresin), By Application, By Distribution Channel, By Region - Industry Forecast 2025-2032

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What is the global market size of Paprika Market?

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