According to IMARC Group’s latest report, titled “Paprika Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global paprika market grew at a CAGR of around 5% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Paprika is a mild-flavored ground spice produced from a combination of dried peppers, including hot chili, bell, cayenne, and Aleppo and poblano peppers. It is a rich source of antioxidants, carotenoids, and natural lipids. These nutrients help to boost the immunity, promote gut health, prevent the onset of cataracts, and reduce the risks of cancer and cardiovascular ailments. Commercially available in sweet, smoked, and hot variants, paprika is widely adopted across the food and beverage (F&B) industry.
Market Trends and Drivers:
The global paprika market is majorly being driven by the increasing consumption of specialty, ready-to-eat (RTE) and baked food products, wherein it is used as a flavor enhancer and stabilizer. The escalating demand for organic products has inflated the sales of natural paprika, which is acting as a growth-inducing factor. In line with this, due to its anti-aging, anti-inflammatory, and anti-depression properties, paprika is extensively being used in the pharmaceutical industry. Furthermore, the improving spending capacity of consumers and the easy product availability through online retail channels are creating a positive outlook for the market.
Paprika Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the paprika 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
- Evesa
- Frutarom Industries Ltd. (International Flavors & Fragrances Inc.)
- Kancor Ingredients Limited
- Naturex
- Plant Lipids
- Synthite Industries Ltd.
- Ungerer & Company (Givaudan SA)
- Unilever Food Solutions
Key Market Segmentation:
The report has segmented the global paprika market on the basis of 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
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/paprika-market
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- 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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