Capsaicin Market size was over USD 8.43 Million in 2023 and is set to exceed USD 16.71 Million by the end of 2036, witnessing over 5.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of capsaicin is evaluated at USD 8.84 Million. The global market is expected to grow during the forecast period owing to increasing demand for capsaicin in the food and beverage industry as a flavoring and coloring agent. Capsaicin is also used in the pharmaceutical and cosmetic industries, where it is highly valued for its analgesic, pain relieving, and anti-inflammatory properties. Many studies have demonstrated the effectiveness of capsaicin in relieving pain from conditions such as postherpetic neuralgia, diabetic neuropathy, and osteoarthritis. A double-blind, placebo-controlled study found that capsaicin cream significantly reduced pain intensity in patients with chronic neuropathic pain compared to placebo. Furthermore, capsaicin is also used to treat certain skin conditions such as psoriasis and itching. A systematic review published found that topical capsaicin was effective in reducing itching in patients with a variety of skin conditions, including atopic dermatitis, psoriasis, and urticaria.
Additionally, as capsaicin is derived from natural sources, it is also anticipated that the market would expand owing to the rising popularity of natural and organic products. In addition, growing awareness of capsaicin's health benefits such as pain relief and weight loss is boosting the market growth. Capsaicin has been found to increase metabolic rate and reduce appetite, which helps with weight loss. A study published in the American Journal of Clinical Nutrition found that capsaicin consumption increased energy expenditure and fat oxidation got it. The market is anticipated to grow on account of all these factors in the forecast period.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
5.4% |
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Base Year Market Size |
USD 8.43 Million |
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Forecast Year Market Size |
USD 16.71 Million |
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Regional Scope |
Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa) |
Application(Food, Medicine, Cosmetics, Pesticides)
The global capsaicin market is segmented and analyzed for demand and supply by application into food, medicine, cosmetic, pesticides, and others. Out of these, the medicine segment is anticipated to account for the largest market share by the end of 2036. The growth of this market can be attributed to owing wide application of capsaicin in producing pain-relieving medicines. Capsaicin consists of some analgesic, pain relieving, and anti-inflammatory properties that are useful in making pain relieving patches & balms and works instantly when used. More than 25 million Americans suffer from chronic pain, according to a National Institutes of Health (NIH) study. Chronic pain is a pain that lasts longer than three months. Chronic pain is difficult to treat and can have a significant impact on a person's quality of life. Besides, it is also widely used in the treatment of digestive disorders and cancer. Capsaicin has been found to have anticancer properties, with studies suggesting that it may induce apoptosis (cell death) in cancer cells and inhibit the growth of tumors. Therefore, the medicine segment demand is expected to touch greater heights in the upcoming years.
Product Type (95% Purity, Others)
The global capsaicin market is segmented and analyzed for demand and supply by product type into 95% purity and others. Out of these, the 95% purity segment is anticipated to hold the largest market share by the end of 2036. The growth of this segment can be attributed owing to the growing utilization of this segment in the pharmaceutical industry. The 95% purity segment is widely used in the pharmaceutical industry in order to make various kinds of medicines including pain relieving medicines. Besides, this segment is also used in research and development activities in order to study closely the effects of capsaicin on the body.
Our in-depth analysis of the global market includes the following segments:
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By Product Type |
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By Application |
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North American Market Forecast
The market in North America is estimated to grab the largest share and witness noteworthy growth over the forecast period. This can be attributed on the back of the increasing number of fast-food chains and the growing consumption of exotic foods in the region. In addition, well-established healthcare infrastructure and high medical spending in the region are also projected to drive the region’s market growth in the coming years. As per the Centers for Medicare and Medicaid Services, U.S. healthcare spending grew 4.6 percent in 2019, reaching USD 3.8 trillion or USD 11,582 per person. As a share of the nation's Gross Domestic Product, health spending accounted for 17.7 percent.
The market in Latin America is anticipated to gather a significant share during the forecast period. This can be attributed to the large-scale cultivation of some of the spiciest chilies around the world, and the presence of climatic conditions in the region favoring the growth of different types of pepper. In addition, the rising demand for pain reliever tubes & patches is another significant factor expected to drive the growth of the capsaicin market in this region in the forecast period. Capsaicin has pain-relieving, analgesic, and anti-inflammatory properties that are required in the manufacturing of pain-relieving tubes and patches. As a result, capsaicin is widely used in making pain-relieving medicines and used in the pharmaceutical industry in this region.
APAC Market Statistics
The market in the Asia Pacific region is expected to see significant growth in the forecast period. This can be ascribed owing to the region's large population and increasing demand for spicy foods. Capsaicin is primarily obtained from chili pepper and is widely used in the production of spicy additives. The region is also home to major capsaicin-producing countries, such as China and India. Besides, its application can be widely seen in the food and beverage industry in the region owing to its application as a flavoring and coloring, and natural food coloring agent.
Author Credits: Radhika Pawar
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