Global Chilli Oil
Market Report
2025
The Global Chilli Oil market size is USD 2.3 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 6.20% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. 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 Chilli Oil market size is USD 2.3 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 6.20% from 2023 to 2030.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Chilli Oil Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 6.2% |
North America Chilli Oil Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Europe Chilli Oil Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Chilli Oil Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
South America Chilli Oil Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Middle East and Africa Chilli Oil Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Market Split by Type |
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Market Split by End-User |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Chilli Oil Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The chilli oil market is on the rise due to factors such as the increasing consumer demand for spicy foods, the global popularity of Asian cuisine, the health benefits associated with capsaicin, and the growth of the food service industry. Online retail and diverse chilli oil varieties, along with the influence of health and wellness trends and the emergence of artisanal producers, have further fueled market expansion. The market's adaptability to changing consumer preferences and culinary trends also plays a pivotal role in its growth.
For instance, in December 2018, Ashley Food Company launched commercially produced, alcohol-extracted essential chilli oil. Essential oils are unique compounds extracted from plants that contain the plant's scent and flavor. To be considered a true essential oil, the production method is important. Oils obtained through chemical processes are not considered true essential oils. Most chilli oils use a blend of acetone or hexane as solvents to extract the oil, which not only impacts purity but also imparts bitter flavors.
Food fusion and cross-cultural cooking have significantly influenced the chilli oil market. As chefs and home cooks blend diverse culinary traditions, chilli oil has become a versatile ingredient to add spice and flavor. It transcends cultural boundaries, featuring dishes like spicy Italian pasta, fusion tacos, and more. This trend fuels the demand for chilli oil, making it a staple in kitchens worldwide, as it harmonizes with a wide array of global flavors, contributing to the market's growth and adaptability.
For instance, in March 2021, S&B Japanese Co. launched a new series of S&B Wasabi powder, made up of selected horseradish & manufactured with special techniques without any color or additive. Wasabi powder is used in traditional Japanese dishes such as sushi, Sashimi, Soba &, steak, fish, etc.
Key players in the chilli oil market have employed various strategies to gain a competitive edge. These include product innovation with unique flavors and heat levels, eco-friendly packaging to attract environmentally conscious consumers, expanding distribution networks both online and in physical stores, partnering with restaurants and food service chains for co-branding, and emphasizing health benefits by promoting natural and organic ingredients. These strategies have allowed them to cater to a diverse customer base and capitalize on the growing demand for chilli oil as a versatile condiment and cooking ingredient.
For instance, in February 2022, Hormel Foods, with brand COLUMBUS leading in the United States, announced the launch of the largest ingredients marketing campaign ever, the 'Like This' Campaign, with a new perfect charcuterie bite by COLUMBUS. The "Like This" campaign uses multiple digital platforms to showcase charcuterie pairings.
Fluctuating prices of chilli peppers have directly hindered the chilli oil market growth. Variations in chilli prices, often due to weather conditions and supply chain disruptions, affect production costs. Producers may pass these costs onto consumers, leading to price fluctuations for chilli oil products. Additionally, such cost volatility can impact profit margins and business strategies in the competitive chilli oil market. Producers often seek stable sources of chilli peppers and employ pricing strategies to mitigate the impact of these fluctuations, ensuring product availability and affordability for consumers.
The chilli oil market experienced a mixed impact from COVID-19. Initially, there was disruption in the supply chain due to lockdowns and restrictions on food service establishments. However, as more people cooked at home, there was increased demand for chilli oil as a cooking ingredient. The market adapted by expanding e-commerce sales and offering smaller, affordable packaging options. The trend toward home cooking and the desire for spicy flavors contributed to a resilient chilli oil market during the pandemic.
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The major players rapidly evolve with new strategies to attain a competitive edge and capture significant market share. The major chilli oil market participants emphasize expanding creative offerings to serve a large consumer base and gain a competitive benefit.
Top Companies Market Share in Chilli Oil Industry: (In no particular order of Rank)
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According to Cognitive Market Research, Europe dominated the market in 2023 and accounted for around 36% of the global revenue, owing to the region's rising consumer interest in diverse cuisines, including Asian and Mexican, which has led to increased demand for chilli oil. Health-conscious consumers are also drawn to the potential health benefits of capsaicin, found in chilli peppers. The popularity of spicy and flavorful foods, coupled with the home cooking trend, has boosted the market. Furthermore, innovative packaging, diverse product varieties, and the influence of food influencers and cooking shows have contributed to this market's expansion.
North America is the fastest-growing category due to the region’s increasing popularity of Asian and Latin American cuisines, where chilli oil is commonly used and has played a pivotal role. Additionally, a growing interest in health benefits associated with capsaicin, the compound responsible for the heat in chilli peppers, has further boosted demand for chilli oil as a condiment and ingredient in various dishes.
The current report Scope analyzes Chilli Oil 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 North American Chilli Oil market accounted for approximately 34% of the global revenue due to increased consumer interest in diverse global cuisines, particularly Asian and Latin American flavors, which has boosted demand for chilli oil as a condiment and cooking ingredient. Health-conscious consumers also appreciate the potential health benefits of capsaicin found in chilli peppers. Furthermore, the trend towards spicy foods and unique flavor experiences, driven by a desire for culinary adventure, has contributed to the market's growth. According to Cognitive Market Research, increased consumer interest in authentic and diverse global cuisines has boosted the popularity of chilli oil. The demand for healthier and natural condiments has led to a surge in cold-pressed chilli oil products, capitalizing on the trend towards clean-label, minimally processed options. In conclusion, The North American chilli oil market is steadily growing, driven by increasing consumer interest in spicy and flavorful cuisines.
According to Cognitive Market Research, Europe held the major market share in 2023 and accounted for more than 36% of the global revenue due to the increasing consumer interest in spicy and diverse cuisines, including Asian and Mexican dishes, which has driven demand. Additionally, health-conscious consumers are drawn to chilli oil for its potential health benefits, while the availability of artisanal and premium varieties has attracted food enthusiasts. The rise of online retail and e-commerce platforms has also made chilli oil more accessible to a broader audience, boosting the market growth in this region. According to Cognitive Market Research, the changing consumer preferences and growing interest in spicy cuisine drive the market growth. The popularity of Asian and Latin American flavors, as well as a desire for diverse culinary experiences, has increased the demand for chilli oil. In conclusion, Europe's chilli oil market thrives, driven by diverse tastes and culinary experimentation, promising continued growth.
According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for more than 20% of the global revenue due to the growth of the food service industry and the popularity of regional cuisines like Chinese, Thai, and Korean have boosted consumption. Health-conscious consumers are also drawn to the reported health benefits of capsaicin in chilli peppers. The convenience of online shopping has further expanded the market, making chilli oil easily accessible to a broad audience. According to Cognitive Market Research, e-commerce websites have played a pivotal role by making chilli oil products readily available, allowing consumers to access various options online. The convenience of online shopping, along with the allure of diverse chilli oil varieties, has further fueled the market's growth in the Asia-Pacific region. In conclusion, the Asia Pacific chilli oil market is thriving, driven by regional culinary preferences, rising consumer interest in spicy foods, and globalization.
According to Cognitive Market Research, South America accounted for more than 5% of the global revenue in 2023 due to the region's rich culinary heritage and the increasing global popularity of South American cuisine. The market benefits from the diverse and flavorful chilli peppers cultivated in the region, which form the basis of many traditional dishes. Additionally, the growing interest in spicy foods, both domestically and internationally, has boosted the demand for South American chilli oils as a versatile and fiery condiment. According to Cognitive Market Research, e-commerce websites have played a pivotal role in providing easy access to chilli oil products. Increased consumer interest in spicy foods, influenced by regional culinary traditions, has contributed to the market's expansion. In conclusion, in South America, the chilli oil market shows promise, driven by a growing culinary diversity and consumer demand for spicy flavors.
According to Cognitive Market Research, the Middle East and Africa accounted for more than 5% of the global revenue in 2023 due to increasing consumer interest in spicy foods and the growing influence of Asian cuisine. Additionally, the health benefits associated with chilli consumption, as well as a rise in online retail and e-commerce platforms, have fueled the demand. The market's diversity, offering various chilli oil varieties, has also contributed to its expansion in the MEA region. According to Cognitive Market Research, the expansion of hypermarkets and large retail chains. These hypermarkets provide a wide platform for consumers to access chilli oil products. The convenience and variety offered by hypermarkets have boosted the market, as consumers increasingly seek spicy condiments and flavor enhancers for their culinary preferences in the MEA region. In conclusion, in the Middle East and Africa (MEA), the chilli oil market showed growth potential, driven by rising consumer demand for spicy flavors.
Global Chilli Oil Market Report 2024 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 Chilli Oil Industry growth. Chilli Oil market has been segmented with the help of its Type, End-User Distribution Channel, and others. Chilli Oil 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.
According to Cognitive Market Research, cold-pressed chilli oil held the major market share over the forecast period due to its perceived health benefits and premium quality. It aligns with consumer demands for natural and high-quality products. This driver reflects the market's response to growing health-consciousness and the preference for artisanal, clean-label condiments, contributing to the overall expansion of the chilli oil market.
Hot-pressed chilli oil is the fastest-growing category over the forecast period due to its unique production method. It involves heating the chilli peppers to release rich, intense flavors. This specialized product has attracted consumers seeking an enhanced chilli oil experience, aligning with the broader market drivers, such as the growing preference for spicy foods and interest in diverse chilli oil varieties, contributing to market growth.
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According to Cognitive Market Research, restaurants held a prominent market share. Restaurants incorporate chilli oil into various dishes to enhance flavors and cater to consumer preferences for spicy cuisine. As consumers seek unique and flavorful dining experiences, chilli oil becomes a key ingredient in menu items, such as spicy noodle dishes and appetizers. The popularity of restaurants specializing in Asian and fusion cuisines further fuels the demand for chilli oil, as it complements their offerings and attracts adventurous diners, contributing to the growth of the chilli oil market.
The home is the fastest-growing category over the forecast period due to the increasing trend of homemade cooking. As more individuals explore culinary adventures in their kitchens, the demand for chilli oil as a key ingredient and condiment has surged. This trend is bolstered by the desire for customization, allowing home chefs to create personalized chilli oils with specific flavors and spice levels. The convenience of crafting chilli oil at home and the satisfaction of enjoying homemade, spicy creations have significantly contributed to this market's growth.
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According to Cognitive Market Research, e-commerce websites hold a prominent market share as online platforms offer convenience, a wide range of product options, and easy access to consumer reviews, fostering trust and encouraging purchases. Additionally, e-commerce has enabled artisanal and niche chilli oil producers to thrive by reaching niche markets and enthusiasts, expanding the overall market presence, and driving the chilli oil industry's success.
The supermarkets are the fastest-growing category over the forecast period as these stores offer various chilli oil products. The key driver for this market within supermarkets is consumer demand for diverse and spicy condiments. Supermarkets respond by stocking different chilli oil varieties, including various heat levels, flavors, and packaging sizes, to cater to customer preferences. They also benefit from the rising popularity of international cuisines that frequently use chilli oil as an essential ingredient, further driving sales and market expansion.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Chilli Oil Market is witnessing significant growth in the near future.
In 2023, the Hot Pressed Chilli Oil segment accounted for noticeable share of global Chilli Oil Market and is projected to experience significant growth in the near future.
The Home segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Lee Kum Kee , S&B Foods and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
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 | Hot Pressed Chilli Oil, Cold Pressed Chilli Oil |
End-User | Home, Restaurants |
Distribution Channel | Supermarkets, Hypermarkets, E-Commerce Websites, Others |
List of Competitors | Lee Kum Kee, Laoganma Special Flavour Foodstuffs Company, S&B Foods, Mantova Food, Hormel Foods, Accord Foods, Naples Drizzle, Huy Fong Foods, Bitton, Buon Ricordo |
This chapter will help you gain GLOBAL Market Analysis of Chilli Oil. Further deep in this chapter, you will be able to review Global Chilli Oil 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 Chilli Oil. Further deep in this chapter, you will be able to review North America Chilli Oil Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Chilli Oil. Further deep in this chapter, you will be able to review Europe Chilli Oil Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Chilli Oil. Further deep in this chapter, you will be able to review Asia Pacific Chilli Oil 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 Chilli Oil. Further deep in this chapter, you will be able to review South America Chilli Oil Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Chilli Oil. Further deep in this chapter, you will be able to review Middle East and Africa Chilli Oil Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Chilli Oil. 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 Analysis 2019 -2031, will provide market size split by Type. 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 Analysis 2019 -2031
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Chapter 11 Market Split by End-User Analysis 2019 -2031
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Chapter 12 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Chilli Oil market
Chapter 13 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.
Why Hot Pressed Chilli Oil have a significant impact on Chilli Oil market? |
What are the key factors affecting the Hot Pressed Chilli Oil and Cold Pressed Chilli Oil of Chilli Oil Market? |
What is the CAGR/Growth Rate of Home during the forecast period? |
By type, which segment accounted for largest share of the global Chilli Oil Market? |
Which region is expected to dominate the global Chilli Oil 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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