Red Chili Powder Market Size, Industry Share & Trends | 2031
Red Chili Powder Market Size, Industry Share & Trends | 2031
Segments - Red Chili Powder Market by Source (Conventional and Organic), Application (Pharmaceuticals, Cosmetics & Personal Care, Food & Beverage, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :FB-5710
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| 197 Pages
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Report Description
Red Chili Powder Market Outlook 2031
The global red chili powder market size was valued at USD XX million in 2022 and is likely to reach USD XX million by 2031, expanding at a CAGR of XX% during 2023 – 2031. The growth of the market is attributed to the rising trend toward enjoying spicy and bold flavors in food.
Growing consumers shift toward potential health benefits associated with chili consumption is increasing the demand for red chili powder further propelling the red chili market. studies suggest capsaicin found in chilis aid in weight management, appetite control, and pain relief. Health-conscious individuals are drawn to chili powder as a flavorful way to potentially boost their well-being.
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According to the report published by the National Library of Medicine on January 28, 2022, states that chili peppers contain high levels of neutral phenolics and flavonoids, which are phytochemicals. These components are important antioxidant elements of a plant-based diet and offer health benefits beyond basic nutrition. The compounds present in chili peppers have biochemical and pharmacological effects, such as anti-inflammation, anti-allergy, and anti-oxidation activities.
Red chili powder is concentrated or finely ground and serves as a versatile seasoning or condiment. It is a versatile ingredient used in various cuisines around the world. this spice has a rich history, dating back to the early days of human civilization. Archaeological discoveries have uncovered evidence of red chili peppers being cultivated and consumed as far back as 7,000 BC.
The COVID-19 pandemic moderately affected the market. People around the globe turned to home cooking, as dining out became less feasible due to lockdowns and restrictions. This increased the demand for spices, including chili powder. Moreover, restrictions on movement and labor shortages impacted the production and processing of chili peppers. This affected the availability of fresh chili peppers for powder production and caused delays in processing and packaging.
Artificial Intelligence (AI) Impact on Red Chili Powder Market
Emergence of artificial intelligence is expected to boost the market. AI-driven systems are being used to enhance the efficiency of the chili powder supply chain. Through data analytics and predictive algorithms, AI is helping optimize inventory management, demand forecasting, and production scheduling. Furthermore, AI-powered systems are increasingly utilized to maintain the quality of chili powder during production.
Red Chili Powder Market Dynamics
Major Drivers
Growing demand for natural and organic food ingredients is expected to drive the market. Consumers are increasingly health-conscious and are seeking foods that align with their wellness goals. Natural and organic chili powders are perceived as healthier choices, as they are free from synthetic chemicals and food additives.
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According to a report published on June 23, 2022, approximately 94.38 million people in the US preferred using organic foods in 2020.
Existing Restraints
Easy availability of inexpensive synthetic food ingredients is expected to hinder the market. These synthetic ingredients might mimic the taste or color of chili powder but lack its genuine flavor and properties. Additionally, the market growth is hindered by supply chain vulnerabilities in obtaining a consistent supply of chili peppers for powder manufacturing.
Emerging Opportunities
Growth of e-commerce is expected to create favorable opportunities for the players competing in the market. Producers have the opportunity to establish a strong online presence, reaching a broad consumer base and showcasing their unique offerings. Online platforms enable direct-to-consumer sales, making it easier for consumers to access authentic and specialty chili powder products. Additionally, growing demand for clean-label chili products further boosts the market.
Scope of the Red Chili Powder Market Report
The report on the market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Red Chili Powder Market- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Source (Conventional and Organic) and Application (Pharmaceuticals, Cosmetics & Personal Care, Food & Beverage, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Everest Spices; Jain Farm Fresh Foods, Inc; Kiya Superfoods; McCormick & Company, Inc; Olam Group; Pronature; Synthite Industries Ltd; Vasant Masala; and V.K Spices Ind Pvt. Ltd |
Red Chili Powder Market Segment Insights
Source Analysis
Based on source, the red chili powder market is divided into conventional and organic. The conventional segment is expected to hold a major market revenue share during the forecast period due to their cost-effectiveness as compared to organic varieties.
This affordability appeals to a broad consumer base, including those who are budget-conscious and unwilling to pay a premium price, which associated with organic products. Moreover, the wide availability of conventional chili powder in mainstream grocery stores and markets further propels the market.
The organic segment is anticipated to register robust growth in the market owing to the increasing consumer preferences toward natural and organic food products. Many people are seeking healthy and environmentally friendly options. Organic chili powder aligns with these preferences, as it is produced without synthetic pesticides, chemicals, or genetically modified organisms (GMOs).
Application Analysis
In terms of application, the red chili powder market is fragmented into pharmaceuticals, cosmetics & personal care, food & beverage, and others. The food & beverage segment is expected to hold a key market share during the projected period, as chili powder is a fundamental ingredient in numerous cuisines worldwide.
Its versatile and strong flavor profile makes it an essential spice for enhancing the taste of a wide range of dishes. Furthermore, increasing demand for spicy snacks, including potato chips and nuts are propelling this segment.
Regional Outlook
In terms of region, the global red chili powder market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market due to the extensive chili pepper cultivation in this region. Countries, including India and China, are among the world's largest chili producers. The abundant supply of a variety of chili peppers allows for the efficient production of chili powder, ensuring a stable and robust market presence.
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According to the report published on September 18, 2023, stated that India is the world's largest producer of chili, having produced approximately 2 million metric tons of chili in 2023. Andhra Pradesh was the largest producer of chilies, accounting for 627 thousand metric tons in the same year.
The market in North America is anticipated to expand at a rapid pace in the coming years due to the diverse culinary landscape influenced by a myriad of cultures. Chili powder with its versatility plays an important role in this cross-culture food trend. Moreover, a growing affinity for spicy foods, including hot wings, spicy nachos, and fiery chili sauces further boosts the market.
Segments
The global red chili powder market has been segmented on the basis of
Source
- Conventional
- Organic
Application
- Pharmaceuticals
- Cosmetics & Personal Care
- Food & Beverage
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Everest Spices
- Jain Farm Fresh Foods, Inc
- Kiya Superfoods
- McCormick & Company, Inc
- Olam Group
- Pronature
- Synthite Industries Ltd
- Vasant Masala
- V.K Spices Ind Pvt. Ltd.
Competitive Landscape
Key players competing in the global red chili powder market are Everest Spices; Jain Farm Fresh Foods, Inc; Kiya Superfoods; McCormick & Company, Inc; Olam Group; Pronature; Synthite Industries Ltd; Vasant Masala; and V.K Spices Ind Pvt. Ltd.
These companies are boosting their market share by adopting various strategies such as partnerships, mergers, reduction in production costs, launching of products, and implementation of advanced technologies.
- In April 2022, Vasant Masala, a spice manufacturer based in India, announced the launch of 'Vasant Kashmiri Rangat', a red chili powder. This unique product is made from scientifically selected red chilies sourced from the best farms in Karnataka. The chilies are processed in a clean and hygienic production center, ensuring their freshness and taste are retained. Finally, the powder is packed in hygienic packaging, ensuring that the product is delivered to the customer in perfect condition.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Red Chili Powder Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Red Chili Powder Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Red Chili Powder Market - Supply Chain
4.5. Global Red Chili Powder Market Forecast
4.5.1. Red Chili Powder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Red Chili Powder Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Red Chili Powder Market Absolute $ Opportunity
5. Global Red Chili Powder Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Red Chili Powder Market Size and Volume Forecast by Applications
5.3.1. Pharmaceuticals
5.3.2. Cosmetics & Personal Care
5.3.3. Food & Beverage
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Red Chili Powder Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Red Chili Powder Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Red Chili Powder Demand Share Forecast, 2019-2026
7. North America Red Chili Powder Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Red Chili Powder Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Red Chili Powder Market Size and Volume Forecast by Applications
7.4.1. Pharmaceuticals
7.4.2. Cosmetics & Personal Care
7.4.3. Food & Beverage
7.4.4. Others
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Red Chili Powder Demand Share Forecast, 2019-2026
8. Latin America Red Chili Powder Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Red Chili Powder Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Red Chili Powder Market Size and Volume Forecast by Applications
8.4.1. Pharmaceuticals
8.4.2. Cosmetics & Personal Care
8.4.3. Food & Beverage
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Red Chili Powder Demand Share Forecast, 2019-2026
9. Europe Red Chili Powder Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Red Chili Powder Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Red Chili Powder Market Size and Volume Forecast by Applications
9.4.1. Pharmaceuticals
9.4.2. Cosmetics & Personal Care
9.4.3. Food & Beverage
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Red Chili Powder Demand Share Forecast, 2019-2026
10. Asia Pacific Red Chili Powder Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Red Chili Powder Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Red Chili Powder Market Size and Volume Forecast by Applications
10.4.1. Pharmaceuticals
10.4.2. Cosmetics & Personal Care
10.4.3. Food & Beverage
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Red Chili Powder Demand Share Forecast, 2019-2026
11. Middle East & Africa Red Chili Powder Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Red Chili Powder Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Red Chili Powder Market Size and Volume Forecast by Applications
11.4.1. Pharmaceuticals
11.4.2. Cosmetics & Personal Care
11.4.3. Food & Beverage
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Red Chili Powder Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Red Chili Powder Market: Market Share Analysis
12.2. Red Chili Powder Distributors and Customers
12.3. Red Chili Powder Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Everest Spices
12.4.2. Jain Farm Fresh Foods, Inc
12.4.3. Kiya Superfoods
12.4.4. McCormick & Company, Inc
12.4.5. Olam Group
12.4.6. Pronature
12.4.7. Synthite Industries Ltd
12.4.8. Vasant Masala
12.4.9. V.K Spices Ind Pvt. Ltd.
Methodology
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