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Global Capsicum Market to reach USD XX billion by the end of 2030

Global Capsicum Market Size study & Forecast, by Form (Powder, Oleoresin, Whole), by End-use (Food, Pharmaceuticals, Cosmetics) and Regional Analysis, 2023-2030

Product Code: OIRFB-88341890
Publish Date: 27-06-2023
Page: 200

Global Capsicum Market is valued approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. The increasing focus on health and wellness is expected to contribute to the growing demand for Capsicum products. Moreover, doctors recommending the inclusion of Capsicum in the diets of patients with liver disease, cardiovascular diseases, and cancer are likely to further drive the demand. However, the COVID-19 pandemic has had adverse effects on various markets, including the food and beverage industry. Disruptions in the supply chain and closures of shops and facilities have impacted the availability and distribution of raw vegetables, including Capsicum. Thus, supply chain disruptions stifles market growth throughout the forecast period of 2023-2030.

According to Statista, in 2020, the per capita consumption of fresh bell peppers in the United States was 10.70 pounds which has increased up to 11.10 in 2022. Thus, growing consumption of capsicum is driving the growth for the market over the forecast period 2023-2030. Similarly, in the United Kingdom, the import of capsicum is increasing which is driving the growth for the market. For instance, in 2019, the import value of capsicum in UK was USD 96165.26 million which has increased significantly up to USD 138980.37 million in 2022.

The key regions considered for the Global Capsicum Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Capsicum Market in North America is dominating, particularly in the United States and Canada, is substantial. Bell peppers, jalapenos, and other chili peppers are widely consumed and incorporated into various cuisines. Local production, as well as imports from countries like Mexico, contribute to the market. Asia Pacific is the fastest growing region; Capsicum is a staple ingredient in many Asian cuisines. In India, varieties such as the Bhut Jolokia and Kashmiri chili peppers are popular. Thailand, China, South Korea, and Japan also have significant Capsicum markets, with chili peppers being integral to their traditional dishes.

Major market player included in this report are:
Lipman Family Farms
J&J Family of Farms Corporate
Pero Family Farms Inc.
Oakes Farms
Southern Paprika Limited (SPL)
Fruit Farm Group
GK Fresh Greens
Titan Farms Inc.
Lewis Taylor Farms

Recent Developments in the Market:
Ø In January 2022, Pepper Farms has raised a seed funding of USD 1 million for expanding the business.

Global Capsicum Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Form, End-use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Form offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Form:
By End-use:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Capsicum Market, by Region, 2020-2030 (USD Billion)
1.2.2. Capsicum Market, by Form, 2020-2030 (USD Billion)
1.2.3. Capsicum Market, by End-use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Capsicum Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Capsicum Market Dynamics
3.1. Capsicum Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing prevalence of diseases Growing demand for capsicum products
3.1.2. Market Challenges Rising supply chain disruptions
3.1.3. Market Opportunities Advancements in Formulation Growing initiatives by key market players
Chapter 4. Global Capsicum Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Capsicum Market, by Form
5.1. Market Snapshot
5.2. Global Capsicum Market by Form, Performance – Potential Analysis
5.3. Global Capsicum Market Estimates & Forecasts by Form 2020-2030 (USD Billion)
5.4. Capsicum Market, Sub Segment Analysis
5.4.1. Powder
5.4.2. Oleoresin
5.4.3. Whole
Chapter 6. Global Capsicum Market, by End-use
6.1. Market Snapshot
6.2. Global Capsicum Market by End-use, Performance – Potential Analysis
6.3. Global Capsicum Market Estimates & Forecasts by End-use 2020-2030 (USD Billion)
6.4. Capsicum Market, Sub Segment Analysis
6.4.1. Food
6.4.2. Pharmaceuticals
6.4.3. Cosmetics
Chapter 7. Global Capsicum Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Capsicum Market, Regional Market Snapshot
7.4. North America Capsicum Market
7.4.1. U.S. Capsicum Market Form breakdown estimates & forecasts, 2020-2030 End-use breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Capsicum Market
7.5. Europe Capsicum Market Snapshot
7.5.1. U.K. Capsicum Market
7.5.2. Germany Capsicum Market
7.5.3. France Capsicum Market
7.5.4. Spain Capsicum Market
7.5.5. Italy Capsicum Market
7.5.6. Rest of Europe Capsicum Market
7.6. Asia-Pacific Capsicum Market Snapshot
7.6.1. China Capsicum Market
7.6.2. India Capsicum Market
7.6.3. Japan Capsicum Market
7.6.4. Australia Capsicum Market
7.6.5. South Korea Capsicum Market
7.6.6. Rest of Asia Pacific Capsicum Market
7.7. Latin America Capsicum Market Snapshot
7.7.1. Brazil Capsicum Market
7.7.2. Mexico Capsicum Market
7.8. Middle East & Africa Capsicum Market
7.8.1. Saudi Arabia Capsicum Market
7.8.2. South Africa Capsicum Market
7.8.3. Rest of Middle East & Africa Capsicum Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Levarht Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Lipman Family Farms
8.3.3. J&J Family of Farms Corporate
8.3.4. Pero Family Farms Inc.
8.3.5. Oakes Farms
8.3.6. Southern Paprika Limited (SPL)
8.3.7. Fruit Farm Group
8.3.8. GK Fresh Greens
8.3.9. Titan Farms Inc.
8.3.10. Lewis Taylor Farms
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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