Market Analysis and Insights: Global Capsaicin Market

Capsaicin (8-methyl-N-vanillyl-6-nonenamide) comes from chili peppers (Capsicum spp.) and gives them their heat. Capsaicin has a lot to offer, and its analgesic properties are at the top of the list.

Due to the COVID-19 pandemic, the global Capsaicin market size is estimated to be worth US$ 8 million in 2022 and is forecast to a readjusted size of US$ 11 million by 2029 with a CAGR of 4.3% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, 95% Purity accounting for % of the Capsaicin global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Medicine segment is altered to an % CAGR throughout this forecast period.

The industry's main producers are Yunnan Honglv, Tianjin Shennong and Henan Bis-biotech, which together accounted for about 50 percent of revenues in 2018.

Global Capsaicin Scope and Market Size

The global Capsaicin market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Capsaicin market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


95% Purity

Others


Segment by Application


Medicine

Cosmetics

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


Yunnan Honglv

Tianjin Shennong

Henan Bis-biotech

Great Forest Biomedical

Synthite Industries

Chenguang Biotech Group

Naturite Agro Products

Paparika Oleo's

AOS Products

Alps Pharmaceutical