Global Capsicum
Market Report
2025
The global Capsicum Market size will be USD 81245.6 million in 2024. Rising demand for capsicum from the food processing industry is expected to boost sales to USD 141055.71 million by 2031, with a Compound Annual Growth Rate (CAGR) of 8.20% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Capsicum Market size will be USD 81245.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.20% from 2024 to 2031.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Capsicum Market Sales Revenue | $ 81245.6 Million | 121212 | 121212 | 121212 | 8.2% |
North America Capsicum Market Sales Revenue | $ 32498.2 Million | 121212 | 121212 | 121212 | 7.2% |
Canada Capsicum Market Sales Revenue | $ 3899.79 Million | 121212 | 121212 | 121212 | 8% |
United States Capsicum Market Sales Revenue | $ 25641.1 Million | 121212 | 121212 | 121212 | 7% |
Mexico Capsicum Market Sales Revenue | $ 2957.34 Million | 121212 | 121212 | 121212 | 7.7% |
Europe Capsicum Market Sales Revenue | $ 24373.7 Million | 121212 | 121212 | 121212 | 6.7% |
Germany Capsicum Market Sales Revenue | $ 4825.99 Million | 121212 | 121212 | 121212 | 6.9% |
France Capsicum Market Sales Revenue | $ 2242.38 Million | 121212 | 121212 | 121212 | 5.9% |
Spain Capsicum Market Sales Revenue | $ 1998.64 Million | 121212 | 121212 | 121212 | 5.8% |
United Kingdom Capsicum Market Sales Revenue | $ 4094.78 Million | 121212 | 121212 | 121212 | 7.5% |
Russia Capsicum Market Sales Revenue | $ 3777.92 Million | 121212 | 121212 | 121212 | 5.7% |
Italy Capsicum Market Sales Revenue | $ 2096.14 Million | 121212 | 121212 | 121212 | 6.1% |
Rest of Europe Capsicum Market Sales Revenue | $ 3777.92 Million | 121212 | 121212 | 121212 | 5.4% |
Asia Pacific Capsicum Market Sales Revenue | $ 18686.5 Million | 121212 | 121212 | 121212 | 10.2% |
India Capsicum Market Sales Revenue | $ 2242.38 Million | 121212 | 121212 | 121212 | 12% |
Korea Capsicum Market Sales Revenue | $ 1868.65 Million | 121212 | 121212 | 121212 | 9.3% |
Japan Capsicum Market Sales Revenue | $ 2578.74 Million | 121212 | 121212 | 121212 | 8.7% |
China Capsicum Market Sales Revenue | $ 8408.92 Million | 121212 | 121212 | 121212 | 9.7% |
Australia Capsicum Market Sales Revenue | $ 971.7 Million | 121212 | 121212 | 121212 | 9.9% |
Rest of APAC Capsicum Market Sales Revenue | $ 1326.74 Million | 121212 | 121212 | 121212 | 10% |
South America Capsicum Market Sales Revenue | $ 4062.28 Million | 121212 | 121212 | 121212 | 7.6% |
Brazil Capsicum Market Sales Revenue | $ 1738.66 Million | 121212 | 121212 | 121212 | 8.2% |
Chile Capsicum Market Sales Revenue | $ 292.48 Million | 121212 | 121212 | 121212 | 7.9% |
Peru Capsicum Market Sales Revenue | $ 333.11 Million | 121212 | 121212 | 121212 | 7.8% |
Colombia Capsicum Market Sales Revenue | $ 361.54 Million | 121212 | 121212 | 121212 | 7.4% |
Argentina Capsicum Market Sales Revenue | $ 682.46 Million | 121212 | 121212 | 121212 | 8.5% |
Rest of South America Capsicum Market Sales Revenue | $ 654.03 Million | 121212 | 121212 | 121212 | 6.7% |
Middle East Capsicum Market Sales Revenue | $ 1624.91 Million | 121212 | 121212 | 121212 | 7.9% |
Turkey Capsicum Market Sales Revenue | $ 139.74 Million | 121212 | 121212 | 121212 | 7.4% |
Egypt Capsicum Market Sales Revenue | $ 170.62 Million | 121212 | 121212 | 121212 | 8.2% |
Rest of MEA Capsicum Market Sales Revenue | $ 191.74 Million | 121212 | 121212 | 121212 | 6.9% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type Outlook: |
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Market Split by Form Outlook: |
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Market Split by End use Outlook: |
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Market Split by Distribution channel Outlook: |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Report scope is customizable as we have a huge database of Capsicum industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Capsicum Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A pepper belonging to the Solanaceae family of nightshades, capsicum is a genus of flowering plants. It is indigenous to the Americas and goes by many different names depending on the type and location. The larger kind is known as a bell pepper, while the spicier types are known as chilli peppers. Capsicum fruit aids in lowering discomfort and swelling. They are commercially valuable fruits that go by several names, including pepperoncino, jalapeño, and bell peppers. Because of its many qualities, including its anti-inflammatory qualities, capsicum is predicted to see an increase in demand. The market demand is expected to be driven by the pepper's nutritious qualities. The worldwide capsicum market is expected to expand faster due to the growing trend of pepper consumption. The growing popularity of plant-based and gluten-free diets is the reason for the pepper consumption boom.
In April 2022, The Dutch company Frestia intends to enter the Portuguese market with its snack bell pepper. The quality of the snack peppers produced in the area is taken into consideration when expanding. (Source: https://www.hortidaily.com/article/9417396/dutch-company-expands-its-snack-bell-pepper-area-in-portugal/)
The worldwide capsicum market is expected to expand faster due to the growing trend of pepper consumption. The growing popularity of plant-based and gluten-free diets is the reason for the pepper consumption boom. The demand for plant-based diets is being driven by increased awareness of the health advantages of fruits and vegetables. Plant-based foods are gluten-free and provide a sustainable approach to prepare and consume food. They provide a realistic and affordable substitute for diets heavy in meat. Growing veganism and an increase in investments and business initiatives in plant-based food firms are the causes of the acceptance. One common vegetable that is utilized in both salads and cooking is capsicum. New food products have been created as a result of the increased popularity of eating raw foods.
As people become more aware of the qualities and health benefits of capsicum, the global market is expected to develop. Because of their strong antioxidant content, they should increase demand from people who are concerned about their health. This may strengthen the recommendations for its inclusion in the diets of those suffering from cancer, heart disease, and liver disorders. Because of their deep penetration and high degree of pungency, they also offer remarkable preservation qualities. The peppers' high antioxidant content is expected to meet the needs of a health-conscious consumer base. It is anticipated that these advantages of capsicum will fuel market demand.
Recalls of capsicum products can have a big effect on the market because of worries about food safety, quality, and contamination. Pesticide residues, bacterial contamination (such as Salmonella or E. coli), or the presence of dangerous substances are frequently the causes of recalls. These occurrences may result in a decline in consumer trust, supply chain interruptions, and monetary losses for manufacturers and merchants. Furthermore, several nations, including the EU and North America, have strict rules and food safety requirements that necessitate ongoing monitoring, which can raise operating costs. Recalls of this kind can also harm a brand's reputation and postpone market access, which can hinder the capsicum industry's general stability and growth.
The COVID-19 pandemic had a major effect on the capsicum market, upsetting demand and supply systems. There was less supply as a result of planting, harvesting, and transportation delays brought on by lockdowns and mobility restrictions. Logistical problems and a lack of workers made matters worse in many areas. On the demand side, home cooking increased in the retail sector but consumption declined as a result of the closure of hotels, restaurants, and foodservice businesses. The unpredictability of the market also caused fluctuations in capsicum prices. However, the market has seen indications of resurgence in recent years due to the progressive liberalization of economies and the rising emphasis on nutrition and health.
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In the Capsicum Market's competitive landscape, numerous key competitors are driving innovation and growth. These companies are concentrating on improving quality, developing new products, and growing their distribution systems in order to obtain a competitive advantage. Market rivalry is encouraging technological and design innovations to create Capsicum that fulfill both consumer wants and sustainability goals, keeping the market dynamic and competitive.
In November 2023, Fresh Start grew steadily, with sales rising in January as a result of increased demand after the holidays and then declining somewhat in February as a result of seasonal variations.
(Source:https://www.ibm.com/blog/part-3-4-ways-retailers-can-boost-store-sales-this-holiday-season/)
In February 2023, Fruit Farm Group showed tenacity in the face of market volatility, with a spike in sales in January that was ascribed to post-holiday demand and a period of stabilization in February. (Source:https://www.plasticfree-world.com/industry_news/sofi-announces-the-launch-of-their-100-plastic-free-biodegradable-cups/)
Top Companies Market Share in Capsicum Industry: (In no particular order of Rank)
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According to Cognitive Market Research, Asia-Pacific currently dominates the Capsicum market, and the region is expected to have significant growth during the projected period. This can be linked to population expansion, rising disposable income, and urbanization in developing countries like China, Australia, and Far East Asia.
North America is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The demand for capsicum in the region is expected to increase due to the predominance of consumption among customers from the United States and Mexico.
The current report Scope analyzes Capsicum Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Capsicum Market size was estimated at USD 81245.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 32498.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
According to Cognitive Market Research, the global Capsicum Market size was estimated at USD 81245.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 24373.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
According to Cognitive Market Research, the global Capsicum Market size was estimated at USD 81245.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 18686.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.
According to Cognitive Market Research, the global Capsicum Market size was estimated at USD 81245.6 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 4062.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
According to Cognitive Market Research, the global Capsicum Market size was estimated at USD 81245.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1624.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031..
Global Capsicum Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Capsicum Industry growth. Capsicum market has been segmented with the help of its Type Outlook:, Form Outlook: End use Outlook:, and others. Capsicum market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Capsicum Market?
According to Cognitive Market Research, red capsicum are likely to dominate the Capsicum Market over the forecast period. They are prized for giving meals great flavor and vivid color, making them highly sought after both raw and cooked. Red capsicums are popular in gourmet cooking and as an ingredient in sauces and condiments because they are frequently used in roasting and grilling recipes, which brings out their inherent sweetness.
The green capsicum is the fastest-growing segment in the Capsicum Market. The brilliant flavor and crisp texture of green capsicums, which are vital in salads, stir-fries, and as a raw snack, make them a popular ingredient in culinary dishes all around the world, which benefits this market. Moreover, green capsicums are frequently less costly than their red and yellow counterparts, which adds to their increased consumption.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Capsicum Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the online segment holds the largest share of the market. Capsicum is distributed online through delivery apps, e-commerce sites, and online supermarkets. Via digital platforms, producers, distributors, and merchants sell directly to customers, providing fresh product with convenience, home delivery, and a larger market reach.
In the Capsicum Market, the offline has been expanding at a rapid pace. The capsicum market's offline distribution route usually consists of regional growers, distributors, wholesalers, and retailers such local markets, supermarkets, and grocery stores. These middlemen make sure that capsicum is transported via conventional supply channels from fields to final customers.
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According to Cognitive Market Research, The food segment holds the largest market share. The biggest user of capsicum is the food and beverage sector. Growth is anticipated to be fueled by creative applications of capsicum as an ingredient. Other elements boosting the demand include changing lifestyles and rising incomes.
In the Capsicum Market, the rapidly growing sector is the pharmaceuticals category. Cayenne pepper is used to treat fever, hyperlipidemia, toothaches, poor circulation, indigestion, and heart disease prevention. Applying capsicum topically can help with a variety of conditions, including fibromyalgia, rheumatoid arthritis, trigeminal neuralgia, shingles, diabetic neuropathy, osteoarthritis, post-herpetic neuralgia, and back pain.
According to Cognitive Market Research, the powder form segment dominates the market. The segment's growth is anticipated to be positively impacted by a number of other applications, including heart and blood vessel disorders, digestive problems, and many more.
Whole form is projected to be the fastest-growing segment in the Capsicum Market. The product's increasing prominence as a major source of several nutrients, including vitamins A and C, is expected to continue to be positive for the segment's expansion.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
Conclusion
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type Outlook: | Green Type, Red Type, Yellow Type, Others |
Form Outlook: | Powder, Oleoresin, Whole |
End use Outlook: | Food, Pharmaceuticals, Cosmetics |
Distribution channel Outlook: | Offline, Online |
List of Competitors | 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, Titan Farms Inc., Lewis Taylor Farms |
This chapter will help you gain GLOBAL Market Analysis of Capsicum. Further deep in this chapter, you will be able to review Global Capsicum Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Capsicum. Further deep in this chapter, you will be able to review North America Capsicum Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Capsicum. Further deep in this chapter, you will be able to review Europe Capsicum Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Capsicum. Further deep in this chapter, you will be able to review Asia Pacific Capsicum Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Capsicum. Further deep in this chapter, you will be able to review South America Capsicum Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Capsicum. Further deep in this chapter, you will be able to review Middle East Capsicum Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Capsicum. Further deep in this chapter, you will be able to review Middle East Capsicum Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Capsicum. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by Form Outlook: Analysis 2021 - 2033
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Chapter 12 Market Split by End use Outlook: Analysis 2021 - 2033
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Chapter 13 Market Split by Distribution channel Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Capsicum market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 15 Research Methodology and Sources
Why Green Type have a significant impact on Capsicum market? |
What are the key factors affecting the Green Type and Red Type of Capsicum Market? |
What is the CAGR/Growth Rate of Powder during the forecast period? |
By type, which segment accounted for largest share of the global Capsicum Market? |
Which region is expected to dominate the global Capsicum Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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