The latest report published by IMARC Group, titled “Paprika Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global paprika market is expected to exhibit a CAGR of 5.55% during 2022-2027 Paprika represents a mild-flavored ground spice utilized in foods as a colorful garnish. It is prepared by air-drying sweet peppers and green, red, and orange capsicums and is often used with cayenne seasoning to add a smoky-sweet flavor to the dish. Paprika is commonly available in oil and powder forms and is a rich source of carotenoids, natural lipids, antioxidants, and essential vitamins and minerals that aid in the formation of new red blood cells (RBCs). As a result, this ground spice finds widespread applications in the manufacturing of food and beverages, such as rubs, marinades, sauces, stews, spice blends, pasta, sausages, cosmetics, and pharmaceutical products.
Market Trends and Drivers:
The escalating product demand as a natural coloring agent to enhance the flavor and improve the stability of the meals and the expanding food and beverage (F&B) industry across the globe are among the primary factors driving the paprika market. Besides this, the rising consumer awareness towards the health benefits of this ground spice, as it exhibits various anti-aging, anti-inflammatory, anti-depression, and antioxidant properties, which aid in reducing pain, anxiety, inflammation, blood sugar levels, and arthritis and assist in improving cholesterol levels, vision, and blood cell count, is further augmenting the market growth. Moreover, the introduction of natural paprika powder that is produced using organic ingredients is also catalyzing the global market. Apart from this, the inflating expenditure capacities of the customers and the emerging trend of specialty foods across countries are acting as significant growth-inducing factors. Furthermore, the growing product popularity, as it is rich in capsaicinoids that are used for enhancing cardiovascular and gastrointestinal health, is anticipated to propel the market over the forecasted period.
Competitive Landscape With Key Players:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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
Key Market Segmentation:
The report has segmented the global paprika market based on product, application and region.
Breakup by Product:
- Vegetable
- Spice Powder
- Paprika Oleoresin
- Others
Breakup by Application:
- Food
- Pharmaceuticals
- Cosmetics
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/paprika-market
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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