San
Francisco 15 April 2019 Paprika Market Size, Share & Trends Analysis Report By Application (Cosmetics,
Food, Pharmaceuticals), By Type (Paprika Oleoresin, Vegetable Paprika), By
Region (Europe, APAC, North America), And Segment Forecasts, 2019 - 2025
The global paprika market size is expected to reach USD 619.5 million by 2025
expanding at an estimated CAGR of 5.3% over the forecast period, according to a
new report by Grand View Research, Inc. Rising awareness regarding the health
benefits of paprika is expected to drive the market. The oleoresin segment led
the global industry and constituted over 36% of the total market share in 2018.
Some of the leading companies, such as Ungerer & Company, Synthite, Chr.
Hansen Holding A/S, and Unilever Food Solutions, offer a wide range of paprika.
Other prominent market players include Ingredientes Naturales Seleccionados,
EVESA and Kancor Ingredients Limited. Rising demand for colorants coupled with
natural spices has propelled the demand for paprika across the world.
Paprika are used in F&B applications,
such as cheese, orange juice, spice mixtures, sauces, seasoning material in
fast food, emulsified process meats, and sweets. They help in providing a
specific color texture to food products. Paprika oleoresins are extensively
used as natural flavoring in meat products, cheese, popcorn oil, and cheese
food coatings. Paprika also find wide applications in pharmaceuticals sector.
They help reduce pain, anxiety, and stress when used in proper concentrations.
Paprika also have inherent properties, such as analgesic, anti-inflammatory,
and anti-obesity properties and can also be used in anti-cancer treatments.
Access Research Report of Paprika Market@ https://www.grandviewresearch.com/industry-analysis/paprika-market
Further key findings from the study suggest:
· The spice powder product segment is
projected to reach 109.4 million by 2025 registering a strong CAGR from 2019 to
2025
· Among applications, the food segment led
the overall market revenues with a share of 46.7% in 2018
· Brazil paprika market is expected to
witness a strong growth over the forecast period on account of increasing
demand for spice oils from the food industry
· Rising consumer awareness about the health
benefits of paprika is expected to drive the market further
· The market is extremely competitive. The
key companies include Synthite Industries Ltd., Chr. Hansen Holding A/S,
Ungerer & Company Unilever Food Solutions, and Plant Lipids
· Most of the aforementioned companies have
undertaken initiatives, such as acquisitions, frequent mergers, strategic
alliances, and capital expansion to gain higher market share
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has
segmented the global paprika market on the basis of type, application, and
region:
Paprika Type Outlook (Revenue, USD
Million, 2014 - 2025)
·
Vegetable Paprika
·
Spice Powder
·
Paprika Oleoresin
·
Others
Paprika Application Outlook (Revenue,
USD Million, 2014 - 2025)
·
Food
·
Pharmaceuticals
·
Cosmetics
Paprika Regional Outlook (Revenue, USD
Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Paprika
Market@ https://www.grandviewresearch.com/press-release/global-paprika-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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