— Allied Market Research
PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, UNITED STATES, May 18, 2023 /EINPresswire.com/ — The paprika extract market has experienced a significant growth, and is expected to grow considerably in next few years. Paprika extract, known as Capsicum annuum L by its botanical name, is the extract of the genus Capsicum fruit. Capsicum is widely consumed all around the world as a vegetable, spice or color. It is used as the spice and as a natural food coloring and flavoring agent. Paprika oleoresin is the oil obtained from the paprika powder. The paprika extract is responsible for the range of orange to red color in commercial products. It has little or no pungency, unlike paprika oleoresin. Paprika extract constitutes carotenoid pigments, capsaicinoids, added or extracted vegetable oil and natural lipids. The paprika extract is mainly used in household consumption, food, pharmaceutical, and cosmetic industry. It is generally available in powder and oil form.
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Key Market Players
>Chr. Hansen
>EVESA
>Ingredients Naturales Seleccionados,
>Synthite Industries
>Kalsec Natural Ingredients
>Kancor Ingredients Limited
>Plant Lipids
>Naturex
>Adani Pharmachem Private Limited
The factors affecting the paprika extract market are its side effects on sensitive skin, or to infants. The color and flavor of the food containing paprika extract do not depend on the amount of paprika extract used. Thus, it self-limits its use. The paprika extract is avoided in the products where N-nitroso compounds are formed as it has cancer causing effects.
Key Benefits of the Report
>This study presents the analytical depiction of the paprika extract industry along with the current trends and future estimations to determine the imminent investment pockets.
>The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the paprika extract market share.
Surge in Usage in Automotive and Industrial Applications
Manufacturers are focused on producing new products for specific applications as there are varying demands based on the utilization. Leading market players have determined how improved accuracy can be influential in many applications. Texas Instruments (TI) launched linear thermistors that have the capability of delivering higher accuracy when compared to negative temperature coefficient (NTC) thermistors. This enhanced accuracy enables operation that can be carried out close to the thermal limits of the overall system.
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Market Trends
The launches of new products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve accuracy of devices and overall functionality as well. Ametherm launched a series of inrush current limiting NTC thermistors that are able to withstand input energy of 1.2 kJ and the steady state currents of 50.0 to 80.0A at 680V. They are offered in the DIN-rail-mountable packages.
Top Impacting Factors
>The paprika extract market is blooming considering various factors such as increasing demand for spices and oils in the food processing, rising awareness about the health benefits of the natural coloring agents over the artificial one, and growing demand in the specialty food market and ready to eat dishes.
>Paprika extract market is also gaining the traction due to its flavoring and coloring properties, its anti-bacterial, anti-fungal, and anti-oxidant properties preferred by food, pharmaceutical and cosmetic industries for hair care and skin care products.
>The macro-economic factors such as economic growth, changing lifestyle along with rising disposable income favors the demand for paprika extract in the market.
>The factors affecting the paprika extract market are its side effects on sensitive skin, or to infants. The color and flavor of the food containing paprika extract do not depend on the amount of paprika extract used. Thus, it self-limits its use. The paprika extract is avoided in the products where N-nitroso compounds are formed as it has cancer causing effects.
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