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Paprika Extract Market - What’s In Store For 2017-2027?
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Paprika Extract Segmentation
Paprika Extract market is segmented by its type of product and end use. Based on application Paprika Extract is segmented into food & beverage industry which uses paprika extract as natural flavoring & coloring agent, pharmaceutical industry and Cosmetics industry uses paprika extract in coloring bath soaps and beauty products.
Based on end use it is segmented into
Food and beverage industry
Cosmetics industry
Healthcare industry
Paprika Extract Process
Processing of Capsicum into paprika extract involves some operations where heating is done to transform the raw material or the seeds of capsicum into powdered form or oil.
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Paprika End User
Paprika is most widely used in Food industry where it is used in variety of food products as natural flavoring, food coloring in Spices, snacks, meat products and cheese products. Paprika is also used in beauty products and personal care products like shampoos, soaps and lipsticks. Apart from this it is used in pharmaceutical industry for the preparation of medicines.
Paprika Extract Drivers
Increased demand in global market, increased population, disposable income, growing health awareness of the consumers are the market drivers of paprika extract. Paprika is used in food coloring and natural flavoring as a result of which there is rising demand of paprika in food industry. Paprika is also used in coloring of bath and cosmetic products. Paprika extracts are being consumed indirectly through the use of different medicinal ointments which contain capsaicin as a critical ingredient which include Zostrix and Capzasin HP which are sold in pharmacies as painkiller cream for Arthritis so it is in demand in healthcare industry also.
Regional Overview
The international flavors and spices in food market was expected to grow at a significant rate during the forecast period. APEJ will have a rapid growth in natural color and spice market, followed by Latin America and Western Europe.
Paprika Extract Market Players
Few of the market players for paprika extract consists of
Synthite Industries, Ozone Naturals, Kancor Ingredients Limited, Hebei Dongzhixing Biotech Co.,Ltd, Paprika Oleo's India Limited, FLAVEX, Aromka Brno s.r.o, Plantlipids (P) Ltd, Ungerer & Company and UNIVERSAL OLEORESINS.
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