Market Overview:
Capsaicin (8-methyl-N-vanillyl-6-nonenamide) is an active component of chili peppers, which are plants belonging to the genus Capsicum. Pure capsaicin is a hydrophobic, colorless, highly pungent, crystalline to waxy solid compound. it is commonly used in food products to provide added spice. It also has applications in pharmaceuticals for topical ointments and dermal patches. Capsaicin and several similar alkaloids are known as capsaicinoids, and they are created as secondary metabolites by chili peppers, most likely to repel certain mammals and fungi. Pure capsaicin is a colorless, hydrophobic, very pungent, crystalline to waxy solid substance.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Adani Pharmachem Private Limited (India), AOS Products Private Limited (India), Rajvi Enterprise (India), Bionique Pharma (India), Athos Chemicals (India), Avience Chemicals and Pharmaceuticals (India), Alenit Chemicals LLP (India), Master Health Care (India), Yunnan Honglv (China) and Tianjin Shennong (China) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Capsaicin Market Study:
Adani Pharmachem Private Limited (India), AOS Products Private Limited (India), Rajvi Enterprise (India), Bionique Pharma (India), Athos Chemicals (India), Avience Chemicals and Pharmaceuticals (India), Alenit Chemicals LLP (India), Master Health Care (India), Yunnan Honglv (China) and Tianjin Shennong (China)
Capsaicin Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Spices, Pharmaceutical, Pest Control and Others |
Packaging | Plastic Pouches,Sachets,Cans,Others |
Sales Channel | Online,Offline |
Influencing Trend:
Clean Label Manufacturing and Added Ingredients for Higher Shelf Life with Lower Side Effects
Market Growth Drivers:
Rising Demand for the Food Spices like Paprika and Chilli Powder and Increasing Popularity of Quick Sprain Removers or Ointments
Challenges:
Health Hazards like Skin Irritation, Lung Irritant, and Eye Irritation
Restraints:
Stringent Government Regulation regarding use of Capsaicin as an Ingredient
Opportunities:
Rising Usage of Capsaicin in Pepper Spray used for Self Defense and Increasing Demand for the Ingredients Capsaicin in Pest Control
Some of the other players that are also part of study are Henan Bis-biotech (China), Great Forest Biomedical (China), Synthite Industries (India) and Chenguang Biotech Group (China). The Global Capsaicin market is gaining huge competition due to involvement of India companies that constantly invest in research & development to meet market expectation with new innovation.
In 2009, U.S. Food and Drug Administration (FDA) and the European Union stated the medical and therapeutic properties of A capsaicin transdermal patch (Qutenza) for the management of this particular therapeutic indication (pain due to post-herpetic neuralgia).
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Capsaicin market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Capsaicin market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Capsaicin Manufacturer, Distributor/Supplier, Research Institutes, End-User Industry and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.