Sarasota, FL -- (SBWIRE) -- 03/12/2019 -- Global Paprika Market: Overview

Paprika is a widely consumed spice in the regions. Paprika is used as a flavoring agent and as a natural food coloring agent. The paprika oleoresin is the oil-soluble extract obtained from paprika which gives excellent flavor and color to the food products. Paprika is rich in antioxidants and is used in the treatment of several diseases. Paprika is loaded with carotenoids, antioxidants, vitamins, and minerals thus offering many health benefits.

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Global Paprika Market: Growth Factors

In the coming years, the paprika market is expected to witness rapid growth owing to the growing demand for the spice oils in the food industry. Increasing awareness about the health benefits of paprika among the consumers over traditional spices is projected to drive market growth. On account of increased consumer preference for healthy products, the demand for specialty products has increased. Furthermore, the preference for products that have good flavoring and coloring properties has increased the demand for paprika in the food industry. Beneficial antifungal, antibacterial, antioxidant properties of paprika is increasing its demand in the cosmetic, pharmaceutical, and food industries thus offering wide opportunities for the market in the coming years.

Since cotton is replacing paprika owing to increased profit margins offered by cotton, thus the production of paprika is getting affected thus limiting the growth of the market. Use of paprika on sensitive skin may lead to rashes thus limiting its use in skincare products. All these factors are limiting the growth of paprika market.

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Global Paprika Market: Segmentation

The global paprika market is segmented based on product type and end-use industry. On the basis of product type, the global market is divided into spice powder, paprika oleoresin, vegetable paprika, and colorant powder. Based on end-use industry, the market is segregated into pharmaceuticals and food manufacturing.

Global Paprika Market: Regional Analysis

Europe is expected to hold major paprika market shares during the upcoming years. Increasing demand for coloring food products and spice oils is the major factor driving the paprika market in Europe. Europe is expected to be followed by North America and the Asia Pacific. Europe gets majority of the paprika exported from India. Even though in Europe, Spain is the major producer of paprika but majority of its demand is accomplished from the imports of India. Increased production of paprika in China and India along with the advantages available in transportation is factors contributing to the Asia Pacific paprika market. It is expected that Asia Pacific paprika market will grow at a significant rate in the coming years. Major countries exporting paprika at a global level are Brazil, the U.S., China, and India.

Global Paprika Market: Competitive Players

Some of the major players involved in the paprika market are Givaudan (Naturex), DDW The Color House, Ingredientes Naturales Seleccionados, Kalsec Natural Ingredients, Yunnan Honglv Capsaicin, Xinjiang Longping High-Tech Hongan Seeds, Chr. Hansen, Extractos Vegetales SA (EVESA), Mane Investissements (Kancor Ingredients), Synthite Industries, Plant Lipids, and Chenguang Biotech Group.

Global Paprika Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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