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The paprika extract market has experienced a significant growth, and is expected to grow considerably in next few years. Paprika extract, known as Capsicum annuum L by its botanical name, is the extract of the genus Capsicum fruit. Capsicum is widely consumed all around the world as a vegetable, spice or color. It is used as the spice and as a natural food coloring and flavoring agent. Paprika oleoresin is the oil obtained from the paprika powder. The paprika extract is responsible for the range of orange to red color in commercial products. It has little or no pungency, unlike paprika oleoresin. Paprika extract constitutes carotenoid pigments, capsaicinoids, added or extracted vegetable oil and natural lipids. The paprika extract is mainly used in household consumption, food, pharmaceutical, and cosmetic industry. It is generally available in powder and oil form.
COVID-19 Impact Analysis
Top Impacting Factors
The paprika extract market is blooming considering various factors such as increasing demand for spices and oils in the food processing, rising awareness about the health benefits of the natural coloring agents over the artificial one, and growing demand in the specialty food market and ready to eat dishes. Paprika extract market is also gaining the traction due to its flavoring and coloring properties, its anti-bacterial, anti-fungal, and anti-oxidant properties preferred by food, pharmaceutical and cosmetic industries for hair care and skin care products.Â
The macro-economic factors such as economic growth, changing lifestyle along with rising disposable income favors the demand for paprika extract in the market.
The factors affecting the paprika extract market are its side effects on sensitive skin, or to infants. The color and flavor of the food containing paprika extract do not depend on the amount of paprika extract used. Thus, it self-limits its use. The paprika extract is avoided in the products where N-nitroso compounds are formed as it has cancer causing effects.
Market Trends
Surge in Usage in Automotive and Industrial ApplicationsÂ
Key Benefits of the Report
Questions Answered in the Paprika Extract Research Report
Paprika Extract Market Report Highlights
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Key Market Players | Plant Lipids, Ozone Naturals, Plant Lipids and Naturex, Kalsec Natural Ingredients, Givaudan, Ingredients Naturales Seleccionados, EVESA, Kancor Ingredients Limited, Synthite Industries Ltd, Adani Pharmachem Private Limited, Universal Oleoresins, Chr. Hansen |
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