Capsaicin Market Size & Share, by Product Type (95% Purity); Application (Food, Medicine, Cosmetics, Pesticides) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3575
  • Published Date: May 02, 2023
  • Report Format: PDF, PPT

Global Capsaicin Market Size, Forecast, Trend Highlights Over 2023 - 2035

Capsaicin Market size is estimated to reach ~USD 15 million by the end of 2035 growing at a CAGR of ~5% during the forecast period, i.e., 2023 – 2035.  in the year 2022, the industry size of the capsaicin was ~USD 8 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.


Capsaicin Market
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Capsaicin Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Demand for Capsaicin-Spiced Products Worldwide – Capsaicin is widely used in food products to add flavor and coloring agents to the food. Additionally, the demand for capsaicin-spiced food is expected to drive the growth of the capsaicin market in the forecast period. Chili pepper production is steadily increasing globally. According to the United Nations Food and Agriculture Organization (FAO), global pepper production in 2019 reached 38.9 million tonnes. 
  • Growing Prevalence of Musculoskeletal Disorders – The increasing presence of musculoskeletal disorders is estimated to drive the growth of the capsaicin market in the forecast period. This can be ascribed owing to the wide application of capsaicin in treating patients with this disorder. Musculoskeletal disorders are one of the most common health problems worldwide. According to the World Health Organization (WHO), up to 30% of the population in developed countries is affected by musculoskeletal disorders, with back pain being the most common condition.  
  • Prevalence of Chronic Pain – One of the most significant applications of capsaicin is that it is used in the pharmaceutical industry in the production of pain-relieving medicines owing to its pain-relieving, analgesic, and anti-inflammatory properties. Therefore, the growing prevalence of chronic pain is expected to drive the growth of the capsaicin market in the upcoming years. The Centers for Disease Control and Prevention (CDC) reports that an estimated 20.4% of U.S. adults suffer from chronic pain in 2019, and 7.4% have chronic pain that limits their activities in life and work. 
  • Rising Cosmetic Industry - Capsaicin has been found to have anti-aging properties owing to its ability to stimulate collagen production and increase blood flow to the skin. Moreover, capsaicin has also been found to promote hair growth by increasing blood flow to the scalp and stimulating the hair follicles.  A survey found that 41% of US consumers are interested in trying hair care products with natural ingredients, and 35% are interested in trying products containing stimulating ingredients like capsaicin.

Challenges

  • Limited Supply of Capsaicin - Capsaicin is primarily derived from chili peppers, and the supply of high-quality chili peppers is limited. Therefore, this factor might pose restrictions on the growth of this market in the upcoming years.
  • Strict Rules & Regulations Associated with Capsaicin
  • Acute Health Effects of Capsaicin

Capsaicin Market: Key Insights

Base Year

2022

Forecast Year

2023 – 2035

CAGR

~5%

Base Year Market Size

~USD 8 million

Forecast Year Market Size

~USD 15 million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)

Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Capsaicin Segmentation

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 2035. 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 2035. 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:

        By Product Type

  • 95% Purity
  • Others

        By Application

  • Food
  • Medicine
  • Cosmetics
  • Pesticides
  • Others

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Capsaicin Industry - Regional Synopsis

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.

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Capsaicin Market Size
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Companies Dominating the Capsaicin Landscape

top-features-companies
    • Chenguang Biotech Group
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Lonza Group
    • Bayer AG
    • Alchem International Pvt. Ltd.
    • The Dow Chemical Company
    • Shanghai Danfan Network Science&Technology Co., Ltd.
    • Nufarm Canada
    • Valent BioSciences LLC
    • Kancor Ingredients Limited
    • BASF SE

In-the-news

In The News

  • A new grade of capsaicin for the personal care sector was introduced by BASF SE in 2020. The brand-new item, known as CosmediaSP, is a highly purified form of capsaicin that can be applied to several aspects of personal care, including skin, hair, and sun protection.
  • In 2020, Chenguang Biotech Group announced the expansion of capsaicin production capacity to meet the growing demand for natural ingredients. The company has invested in new production lines and technology to improve the quality and efficiency of capsaicin production. 

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 3575
  • Published Date: May 02, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing demand for capsaicin-spiced products worldwide and the growing prevalence of musculoskeletal disorders are a few of the important factors responsible for the growth of this market.

The market size of capsaicin is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023-2035.

Acute health effects associated with the use of capsaicin are estimated to act as barriers to market growth.

North America is estimated to create notable growth opportunities for market growth over the forecast period.

The major players in the market are Lonza Group, Bayer AG, and Alchem International Pvt. Ltd, The Dow Chemical Company, Shanghai Danfan Network Science&Technology Co., Ltd., Nufarm Canada, and Others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by application, product type, and by region.

The medicine segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Capsaicin Market Report Scope
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