Paprika Market Share, Trends, Growth, Demand and Analysis by 2028
IMARC Group, a leading market research company, has recently releases
report titled “Paprika Market: Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2023-2028.” The study provides a detailed analysis
of the industry, including the global paprika market share, size, trends, and
growth forecasts. The report also includes competitor and regional analysis and
highlights the latest advancements in the market.
How big is the paprika market?
The global paprika market is expected to exhibit a growth rate (CAGR) of
5.45% during 2023-2028.
What is paprika?
Paprika is a ground spice made from various types of red peppers,
including bell peppers and chili peppers. It's native to Central America but
widely used worldwide, especially in Hungary and Spain where it's a staple
ingredient. Paprika comes in different varieties ranging from sweet and mild to
hot, each offering a unique flavor and color profile.
Sweet paprika is the most common variety, providing a vibrant red color
and mild taste, while hot paprika packs a spicier punch. Besides flavoring,
it's also used for its natural color in various dishes. Paprika is not just a
culinary delight; it's rich in antioxidants, vitamins, especially vitamin A,
and minerals.
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What are the growth prospects and trends in the paprika industry?
The rising consumer trend toward natural and organic products, including
spices, represents one of the key factors driving the growth of the market
across the globe. This is resulting in increased demand for organic paprika
which is boosting the market growth.
Furthermore, the trend of home cooking and experimenting with different
cuisines is leading to a rise in the use of various spices, including paprika.
Paprika is a highly popular spice worldwide, used extensively in many cuisines
for its unique flavor and vibrant color. It's a key ingredient in dishes like
Hungarian goulash and Spanish paella and is increasingly being used in other
global cuisines. Paprika is rich in antioxidants and vitamins, particularly
vitamin A, which supports eye health. The capsaicin present in hot paprika is
known for its anti-inflammatory and analgesic properties. This growing
awareness about its health benefits is boosting the demand for paprika.
Other factors, such as the rising use of paprika in the cosmetic and
pharmaceutical industry: pharmaceutical applications, and the increasing demand
for paprika in the food processing industry, are creating a positive outlook
for the market across the globe.
Who are the key players operating in the industry?
The report covers the major market players including:
- 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
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Vegetable
- Spice Powder
- Paprika
Oleoresin
- Others
Breakup by Application:
- Food
- Pharmaceuticals
- Cosmetics
- Others
Breakup by Region:
- North America
(United States, Canada)
- Asia Pacific
(China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe
(Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America
(Brazil, Mexico, Others)
- Middle East and
Africa
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of Figure: https://www.imarcgroup.com/request?type=report&id=3553&flag=C
Key Highlights of the Report:
- Market
Performance (2017-2022)
- Market Outlook
(2023-2028)
- Market Trends
- Market Drivers
and Success Factors
- Impact of
COVID-19
- Value Chain
Analysis
- Comprehensive
mapping of the competitive landscape
If you require any specific information that is not covered currently
within the scope of the report, we will provide the same as a part of the
customization.
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