The global capsicum market size was estimated at a value of USD 138.69 billion in 2030, expanding at a CAGR of 8.0% from 2023 to 2030. The rising health consciousness is driving the demand for the product. Additionally, the doctor-recommended inclusion of capsicum in the diets of patients with liver disease, cardiovascular diseases, and cancer is expected to boost the demand.
The COVID-19 pandemic has unsurprisingly affected the consumption of capsicum. The supply chain turned to logistical pandemonium when the country went into a drastic nationwide shutdown. The same holds true within the food and beverage industry. Despite these obstacles, the industry has been able to adapt and keep up with customer demands.
The whole form segment generated a revenue of more than USD 39,148.1 million and a volume of 62,330,193.9 tons in 2022. It is anticipated that the product's growing significance as an important source of various nutritional components, such as vitamin A and vitamin C, will continue to be a positive element over the coming years. Additionally, the catering and food industries are the main drivers of demand for whole capsicums. In restaurants, the capsicums are frequently served fresh as snacks in soups or salads, adding a fresh flavor and a crunchy texture.
The food segment held the largest revenue share more than 81.1% and a volume share of 85.7% in 2022. The food & beverage industry is the largest consumer of capsicum. More and more of the most innovative food items in the world now contain capsicums as an ingredient. Moreover, increasing income and changing lifestyles are some other factors driving the market growth. Furthermore, customers' purchasing habits are dramatically impacted by growing health concerns.
Asia Pacific led the market in 2022 with around USD 52,431.6 million and 39,222,230.3 tons of revenue and volume, respectively; due to urbanization in developing nations like China, Far East Asia, and Australia, increasing disposable income, and population growth. A major driver for the market's expansion is consumers' growing desire for nutritious products. The market has benefited from the change to a healthy and innovative strategy brought about by the growing trend of leading a healthy lifestyle is projected to have a positive impact on growth.
Some of the leading manufacturers are Levarht, Lipman, J&J Family of Farms Corporate, and International, and Pero Family Farms Inc. Market leaders are enlarging their geographic reach to capture a disproportionate part of the market. It is anticipated that developing strategies and working with customers to create new goods will continue to be crucial success factors. Companies are also focusing on new product launches, expansion, automation, and technological adoption.
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The COVID-19 pandemic has unsurprisingly affected the consumption of capsicum. The supply chain turned to logistical pandemonium when the country went into a drastic nationwide shutdown. The same holds true within the food and beverage industry. Despite these obstacles, the industry has been able to adapt and keep up with customer demands.
The whole form segment generated a revenue of more than USD 39,148.1 million and a volume of 62,330,193.9 tons in 2022. It is anticipated that the product's growing significance as an important source of various nutritional components, such as vitamin A and vitamin C, will continue to be a positive element over the coming years. Additionally, the catering and food industries are the main drivers of demand for whole capsicums. In restaurants, the capsicums are frequently served fresh as snacks in soups or salads, adding a fresh flavor and a crunchy texture.
The food segment held the largest revenue share more than 81.1% and a volume share of 85.7% in 2022. The food & beverage industry is the largest consumer of capsicum. More and more of the most innovative food items in the world now contain capsicums as an ingredient. Moreover, increasing income and changing lifestyles are some other factors driving the market growth. Furthermore, customers' purchasing habits are dramatically impacted by growing health concerns.
Asia Pacific led the market in 2022 with around USD 52,431.6 million and 39,222,230.3 tons of revenue and volume, respectively; due to urbanization in developing nations like China, Far East Asia, and Australia, increasing disposable income, and population growth. A major driver for the market's expansion is consumers' growing desire for nutritious products. The market has benefited from the change to a healthy and innovative strategy brought about by the growing trend of leading a healthy lifestyle is projected to have a positive impact on growth.
Some of the leading manufacturers are Levarht, Lipman, J&J Family of Farms Corporate, and International, and Pero Family Farms Inc. Market leaders are enlarging their geographic reach to capture a disproportionate part of the market. It is anticipated that developing strategies and working with customers to create new goods will continue to be crucial success factors. Companies are also focusing on new product launches, expansion, automation, and technological adoption.
Capsicum Market Report Highlights
- The whole form segment dominated the market in 2022. It is anticipated that the product's growing significance as a significant source of numerous nutritional components, such as vitamin A and vitamin C, will continue to be a positive element in the coming years
- The food segment held the largest revenue and volume share in 2022. The food & beverage industry is the largest consumer of capsicum. Moreover, the increasing income and change in lifestyle are other factors driving the growth
- Asia Pacific led the market in 2022, due to urbanization in developing nations like China, Far East Asia, and Australia, increasing disposable income, and population growth in the region
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Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Regional Outlook
Chapter 3. Capsicum Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Outlook
3.2.2. Manufacturing and Technology Outlook
3.2.3. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunities
3.3.4. Market Challenges
3.4. Industry Analysis - Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Capsicum Market: Consumer Behaviour Analysis
4.1. Demographic Analysis
4.2. Consumer Trends & Preferences
4.3. Factors Influencing Buying Behavior
4.4. Consumer Service Adoption Trends
4.5. Key Observations & Findings
Chapter 5. Capsicum Market: Form Estimates & Trend Analysis
5.1. Form Movement Analysis & Market Share, 2022 & 2030
5.2. Powder
5.2.1. Powder market estimates and forecast, 2017 - 2030 (USD Million, Ton)
5.3. Oleoresin
5.3.1. Oleoresin market estimates and forecast, 2017 - 2030 (USD Million, Ton)
5.4. Whole
5.4.1. Whole market estimates and forecast, 2017 - 2030 (USD Million, Ton)
Chapter 6. Capsicum Market: End-use Estimates & Trend Analysis
6.1. End-use Movement Analysis & Market Share, 2022 & 2030
6.2. Food
6.2.1. Food capsicum market estimates and forecast, 2017 - 2030 (USD Million, Ton)
6.3. Pharmaceuticals
6.3.1. Pharmaceuticals capsicum market estimates and forecast, 2017 - 2030 (USD Million, Ton)
6.4. Cosmetics
6.4.1. Cosmetics capsicum market estimates and forecast, 2017 - 2030 (USD Million, Ton)
Chapter 7. Capsicum Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2022 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million, Ton)
7.2.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million, Ton)
7.2.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million, Ton)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million, Ton)
7.2.4.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million, Ton)
7.2.4.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million, Ton)
7.2.5. Mexico
7.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million, Ton)
7.2.5.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million, Ton)
7.2.5.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million, Ton)
7.3. Europe
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million, Ton)
7.3.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million, Ton)
7.3.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million, Ton)
7.3.4. U.K.
7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million, Ton)
7.3.4.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million, Ton)
7.3.4.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million, Ton)
7.3.5. Germany
7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million, Ton)
7.3.5.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million, Ton)
7.3.5.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million, Ton)
7.3.6. France
7.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million, Ton)
7.3.6.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million, Ton)
7.3.6.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million, Ton)
7.3.7. Italy
7.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Million, Ton)
7.3.7.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million, Ton)
7.3.7.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million, Ton)
7.3.8. Spain
7.3.8.1. Market estimates and forecast, 2017 - 2030 (USD Million, Ton)
7.3.8.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million, Ton)
7.3.8.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million, Ton)
7.3.9. Netherlands
7.3.9.1. Market estimates and forecast, 2017 - 2030 (USD Million, Ton)
7.3.9.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million, Ton)
7.3.9.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million, Ton)
7.3.10. Belgium
7.3.10.1. Market estimates and forecast, 2017 - 2030 (USD Million, Ton)
7.3.10.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million, Ton)
7.3.10.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million, Ton)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million, Ton)
7.4.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million, Ton)
7.4.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million, Ton)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million, Ton)
7.4.4.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million, Ton)
7.4.4.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million, Ton)
7.4.5. Far East Asia
7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million, Ton)
7.4.5.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million, Ton)
7.4.5.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million, Ton)
7.4.6. South East Asia
7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million, Ton)
7.4.6.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million, Ton)
7.4.6.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million, Ton)
7.4.7. Central Asia
7.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million, Ton)
7.4.7.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million, Ton)
7.4.7.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million, Ton)
7.5. Rest of the World
7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million, Ton)
7.5.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million, Ton)
7.5.3. Market estimates and forecast, by end-use, 2017 - 2030 (USD Million, Ton)
Chapter 8. Competitive Analysis
8.1. Recent developments & impact analysis, by key market participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2022 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. List of key companies analyzed in this section includes:
8.9.1. Levarht
8.9.2. Lipman Family Farms
8.9.3. J&J Family of Farms Corporate
8.9.4. Pero Family Farms Inc.
8.9.5. Oakes Farms
8.9.6. Southern Paprika Limited (SPL)
8.9.7. Fruit Farm Group
8.9.8. GK Fresh Greens
8.9.9. Titan Farms Inc.
8.9.10. Lewis Taylor Farms
List of Tables
1. Capsicum market - Driving factor market analysis.
2. Capsicum market - Restraint factor market analysis
3. Powder capsicum market estimates and forecast, 2017 - 2030 (USD Million, Ton)
4. Powder capsicum market estimates and forecast, 2017 - 2030 (Tons)
5. Oleoresin capsicum market estimates and forecast, 2017 - 2030 (USD Million, Ton)
6. Oleoresin capsicum market estimates and forecast, 2017 - 2030 (Tons)
7. Food capsicum market estimates and forecast, 2017 - 2030 (USD Million, Ton)
8. Food capsicum market estimates and forecast, 2017 - 2030 (Tons)
9. Pharmaceuticals capsicum market estimates and forecast, 2017 - 2030 (USD Million, Ton)
10. Pharmaceuticals capsicum market estimates and forecast, 2017 - 2030 (Tons)
11. Capsicum market estimates and forecast, 2017 - 2030 (USD Million, Ton)
12. Capsicum market estimates and forecast, 2017 - 2030 (Tons)
13. Capsicum market estimates and forecast by form, 2017 - 2030 (USD Million, Tons)
14. Capsicum market estimates and forecast by form, 2017 - 2030 (Tons)
15. Capsicum market estimates and forecast by end-use, 2017 - 2030 (USD Million, Tons)
16. Capsicum market estimates and forecast by end-use, 2017 - 2030 (Tons)
17. North America capsicum market estimates and forecast, 2017 - 2030 (USD Million)
18. North America capsicum market estimates and forecast, by form, 2017 - 2030 (USD Million)
19. North America capsicum market estimates and forecast, by form, 2017 - 2030 (Tons)
20. North America capsicum market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
21. North America capsicum market estimates and forecast, by end-use, 2017 - 2030 (USD Tons)
22. U.S. capsicum market estimates and forecast, 2017 - 2030 (USD Million)
23. U.S. capsicum market estimates and forecast, 2017 - 2030 (Tons)
24. U.S. capsicum market estimates and forecast, by form, 2017 - 2030 (USD Million)
25. U.S. capsicum market estimates and forecast, by form, 2017 - 2030 (Tons)
26. U.S. capsicum market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
27. U.S. capsicum market estimates and forecast, by end-use, 2017 - 2030 (Tons)
28. Mexico capsicum market estimates and forecast, 2017 - 2030 (USD Million)
29. Mexico capsicum market estimates and forecast, 2017 - 2030 (Tons)
30. Mexico capsicum market estimates and forecast, by form, 2017 - 2030 (USD Million)
31. Mexico capsicum market estimates and forecast, by form, 2017 - 2030 (Tons)
32. Mexico capsicum market estimates and forecast, by end-use, 2017 - 2030 (USD million)
33. Mexico capsicum market estimates and forecast, by end-use, 2017 - 2030 (Ton))
34. Europe capsicum market estimates and forecast, 2017 - 2030 (USD Million)
35. Europe capsicum market estimates and forecast, 2017 - 2030 (Tons)
36. Europe capsicum market estimates and forecast, by form, 2017 - 2030 (USD Million)
37. Europe capsicum market estimates and forecast, by form, 2017 - 2030 (Tons)
38. Europe capsicum market estimates and forecast, by end-use, 2017 - 2030 (USD million)
39. Europe capsicum market estimates and forecast, by end-use, 2017 - 2030 (Tons)
40. Germany capsicum market estimates and forecast, 2017 - 2030 (USD Million)
41. Germany capsicum market estimates and forecast, 2017 - 2030 (Tons)
42. Germany capsicum market estimates and forecast, by form, 2017 - 2030 (USD Million)
43. Germany capsicum market estimates and forecast, by form, 2017 - 2030 (Kiloton))
44. Germany capsicum market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
45. Germany capsicum market estimates and forecast, by end-use, 2017 - 2030 (Tons)
46. U.K. capsicum market estimates and forecast, 2017 - 2030 (USD Million)
47. U.K. capsicum market estimates and forecast, 2017 - 2030 (Tons)
48. U.K. capsicum market estimates and forecast, by form, 2017 - 2030 (USD Million)
49. U.K. capsicum market estimates and forecast, by form, 2017 - 2030 (Tons)
50. U.K. capsicum market estimates and forecast, by end-use, 2017 - 2030 (USD million)
51. U.K. capsicum market estimates and forecast, by end-use, 2017 - 2030 (Tons)
52. France capsicum market estimates and forecast, 2017 - 2030 (USD Million)
53. France capsicum market estimates and forecast, 2017 - 2030 (Tons)
54. France capsicum market estimates and forecast, by form, 2017 - 2030 (USD Million)
55. France capsicum market estimates and forecast, by form, 2017 - 2030 (Tons)
56. France capsicum market estimates and forecast, by end-use, 2017 - 2030 (USD million)
57. France capsicum market estimates and forecast, by end-use, 2017 - 2030 (Tons)
58. Italy capsicum market estimates and forecast, 2017 - 2030 (USD Million)
59. Italy capsicum market estimates and forecast, 2017 - 2030 (Tons)
60. Table 147 Italy capsicum market estimates and forecast, by form, 2017 - 2030 (USD Million)
61. Italy capsicum market estimates and forecast, by form, 2017 - 2030 (Tons)
62. Italy capsicum market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
63. Italy capsicum market estimates and forecast, by end-use, 2017 - 2030 (Tons)
64. Spain capsicum market estimates and forecast, 2017 - 2030 (USD Million)
65. Spain capsicum market estimates and forecast, 2017 - 2030 (Tons)
66. Spain capsicum market estimates and forecast, by form, 2017 - 2030 (USD Million)
67. Spain capsicum market estimates and forecast, by form, 2017 - 2030 (Tons)
68. Spain capsicum market estimates and forecast, by end-use, 2017 - 2030 (USD million)
69. Spain capsicum market estimates and forecast, by end-use, 2017 - 2030 (Tons)
70. Netherlands capsicum market estimates and forecast, 2017 - 2030 (USD Million)
71. Netherlands capsicum market estimates and forecast, 2017 - 2030 (Tons)
72. Netherlands capsicum market estimates and forecast, by form, 2017 - 2030 (USD Million)
73. Netherlands capsicum market estimates and forecast, by form, 2017 - 2030 (Tons)
74. Netherlands capsicum market estimates and forecast, by end-use, 2017 - 2030 (USD million
75. Netherlands capsicum market estimates and forecast, by end-use, 2017 - 2030 (Tons)
76. Belgium capsicum market estimates and forecast, 2017 - 2030 (USD Million)
77. Belgium capsicum market estimates and forecast, 2017 - 2030 (Tons)
78. Belgium capsicum market estimates and forecast, by form, 2017 - 2030 (USD Million)
79. Belgium capsicum market estimates and forecast, by form, 2017 - 2030 (Tons)
80. Belgium capsicum market estimates and forecast, by end-use, 2017 - 2030 (USD million)
81. Belgium capsicum market estimates and forecast, by end-use, 2017 - 2030 (Tons)
82. Asia Pacific capsicum market estimates and forecast, 2017 - 2030 (USD Million)
83. Asia Pacific capsicum market estimates and forecast, 2017 - 2030 (Tons)
84. Asia Pacific capsicum market estimates and forecast, by form, 2017 - 2030 (USD Million)
85. Asia Pacific capsicum market estimates and forecast, by form, 2017 - 2030 (Tons)
86. Asia Pacific capsicum market estimates and forecast, by end-use, 2017 - 2030 (USD Million)
87. Asia Pacific capsicum market estimates and forecast, by end-use, 2017 - 2030 (Ton)
88. China capsicum market estimates and forecast, 2017 - 2030 (USD Million)
89. China capsicum market estimates and forecast, 2017 - 2030 (Tons)
90. China capsicum market estimates and forecast, by form, 2017 - 2030 (USD Million)
91. China capsicum market estimates and forecast, by form, 2017 - 2030 (Tons)
92. China capsicum market estimates and forecast, by end-use, 2017 - 2030 (USD million)
93. China capsicum market estimates and forecast, by end-use, 2017 - 2030 (Tons)
94. Far East Asia capsicum market estimates and forecast, 2017 - 2030 (USD Million)
95. Far East Asia capsicum market estimates and forecast, 2017 - 2030 (Tons)
96. Far East Asia capsicum market estimates and forecast, by form, 2017 - 2030 (USD Million)
97. Far East Asia capsicum market estimates and forecast, by form, 2017 - 2030 (Tons)
98. Far East Asia capsicum market estimates and forecast, by end-use, 2017 - 2030 (USD million
99. Far East Asia capsicum market estimates and forecast, by end-use, 2017 - 2030 (Tons)
100. South East Asia capsicum market estimates and forecast, 2017 - 2030 (USD Million)
101. South East Asia capsicum market estimates and forecast, 2017 - 2030 (Tons)
102. South East Asia capsicum market estimates and forecast, by form, 2017 - 2030 (USD Million
103. South East Asia capsicum market estimates and forecast, by form, 2017 - 2030 (Tons)
104. South East Asia capsicum market estimates and forecast, by end-use, 2017 - 2030 (USD million)
105. South East Asia capsicum market estimates and forecast, by end-use, 2017 - 2030 (Tons)
106. Central Asia capsicum market estimates and forecast, 2017 - 2030 (USD Million)
107. Central Asia capsicum market estimates and forecast, 2017 - 2030 (Tons)
108. Central Asia capsicum market estimates and forecast, by form, 2017 - 2030 (USD Million)
109. Central Asia capsicum market estimates and forecast, by form, 2017 - 2030 (Tons)
110. Central Asia capsicum market estimates and forecast, by end-use, 2017 - 2030 (USD million)
111. Central Asia capsicum market estimates and forecast, by end-use, 2017 - 2030 (Tons)
112. Rest of the World capsicum market estimates and forecast, 2017 - 2030 (USD Million)
113. Rest of the World capsicum market estimates and forecast, 2017 - 2030 (Tons)
114. Rest of the World capsicum market estimates and forecast, by form, 2017 - 2030 (USD Million)
115. Rest of the World capsicum market estimates and forecast, by form, 2017 - 2030 (Tons)
116. Rest of the World capsicum market estimates and forecast, by end-use, 2017 - 2030 (USD million)
117. Rest of the World capsicum market estimates and forecast, by end-use, 2017 - 2030 (Tons)
118. Company categorization
List of Figures
1. Capsicum market segmentation
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. Market Snapshot
7. Segment Snapshot
8. Capsicum market - Penetration & growth prospect mapping
9. Capsicum market - Value chain analysis
10. Price trend analysis, 2018 - 2030
11. Capsicum market: Porter’s Five Forces analysis
12. Capsicum market: PESTEL analysis
13. Capsicum market: form share (%) analysis, 2022 & 2030
14. Capsicum market: end-use share (%) analysis, 2022 & 2030
15. Capsicum market: Regional share (%) analysis, 2022 & 2030
Companies Mentioned
- Levarht
- 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
Methodology
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