Dry Chilies Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.61 Billion |
| Market Size (2029) | USD 2.16 Billion |
| CAGR (2024 - 2029) | 6.11 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
Dry Chilies Market Analysis
The Dry Chilies Market size is estimated at USD 1.61 billion in 2024, and is expected to reach USD 2.16 billion by 2029, growing at a CAGR of 6.11% during the forecast period (2024-2029).
- Dry chili peppers are some of the most popular vegetables eaten worldwide, mostly in Asia-Pacific. The popularity of international cuisine and spicy food contributes to the increasing demand for dried chili peppers worldwide. Veganism has also contributed to the rising consumption of dried chili peppers, as they serve as taste enhancers in vegan meals, thus supporting market growth.
- Asia-Pacific dominates the market, as India is one of the world's largest producers, consumers, and exporters of dry chili peppers. India's top importers are China, the United States, Thailand, Sri Lanka, and Indonesia. Andhra Pradesh is the primary producer of dry chili peppers in the country, followed by Karnataka, Rajasthan, and Gujarat. Dry chili peppers are grown for various uses, including vegetables, spices, condiments, sauces, and pickles. The Indian government is also implementing various schemes to supply farm inputs, like seeds, fertilizers, agricultural machinery and equipment, and irrigation facilities, at subsidized rates to the farmers in the country.
- One of the major factors driving the market includes the increasing demand for dry chili peppers in Western regions like Europe. Europe is one of the largest importers of dry chili peppers globally, as the production in the region is not self-sufficient. In 2022, according to the Ministry of Foreign Affairs, Europe produced less than 80 thousand metric tons of dried chili peppers and other dried paprika, accounting for half of the imports. Therefore, the region is highly dependent on the imports of dry chili peppers. According to ITC’s Trade Map, in 2022, Spain, Germany, the United Kingdom, the Netherlands, Poland, and France were some of Europe’s major countries that imported dry chili peppers.
Dry Chilies Market Trends
High Demand for Exotic and Spicy Oriental Dishes is Fueling the Production of Dry Chilies
- Factors such as the rising trend of international cuisine and the growing fascination with spicy food are driving the production of dry chili peppers worldwide. Over the years, the production of dry chili peppers has increased, along with their demand. According to the FAOSTAT, India, China, Thailand, Côte d'Ivoire, Ethiopia, Myanmar, and Bangladesh are some of the major countries producing dry chili peppers. For instance, in 2019, the worldwide dry chili production was 4,168,156.58 metric tons, which increased to 4,909,320.76 metric tons in 2022.
- As consumers venture into trying a diverse range of international dishes, many featuring dry chili peppers as a key component, the popularity of these flavorful and zesty chillis continues to soar. This culinary shift is further reinforced by the multicultural communities in various countries, where an abundant selection of food options encourages exploration and appreciation. For instance, the influence of Indian, Thai, and Indonesian cuisines is reflected in Malaysian food in the form of mixing and matching fresh herbs and spices. India is one of the leading manufacturers of red chili powder prepared by grinding dry red chili peppers. The powder is available in abundant quantities and varieties in India.
- The food truck culture in Southern California, which developed out of the area's diverse population and gave rise to dishes like bulgogi tacos, is leading to the rising adoption of dry chili peppers. This unusual dish from a food truck combines traditional Mexican cuisine with sweet and sour Korean beef and is topped with creamy gochujang dry chili pepper sauce.
- Gochujang, a dry red chili pepper-based fermented sauce that gives savory foods a sweet and spicy kick, is replacing sriracha as it gains popularity and spreads from Korean restaurants and food trucks to mainstream supermarkets across the United States. The market value of dry chili peppers is increasing quickly due to the growing demand for spicy foods and cuisines in the United States, Mexico, South Korea, Malaysia, and Europe. This trend is expected to boost the exports of dry chili peppers from Asian nations, where production is higher than in any other region.
Asia-Pacific Dominates the Market
- Asia-Pacific is the largest segment in this market, primarily due to its vast population and diverse culinary traditions. As a result, there is a consistently high demand for dry chili peppers as a staple ingredient in numerous Asian cuisines, including Indian, Thai, and Chinese.
- Additionally, the region's agricultural production capacity allows for substantial cultivation of green chilies to meet local consumption and export demands, making it a dominant player in the dry chili pepper market.
- According to the FOASTAT Database, in 2022, India was the world's top producer and consumer of dry chili peppers among other major producers, accounting for 38.2% of worldwide production.
- The demand for the world-famous “334 Sannam S4 Red Dry Chilli” is very high worldwide. It is grown in the states of Andhra Pradesh, Rajasthan, Maharashtra, Assam, and Madhya Pradesh. The demand for “334 Sannam S4 Red Dry Chilli” increased in Bangladesh.
- Additionally, masala millers from South India are often used in Indian, Chinese, European, Thai, and Italian cuisines.
Dry Chilies Market News
- July 2024: China’s LTEC International Agriculture Development Co. Ltd collaborated with Pakistani farmers to cultivate chilies across 10,000 acres of land to export to China.
- February 2023: The Andhra Pradesh government’s Department of Horticulture, in coordination with Digital Green NGO and the Bill and Milinda Gates Foundation, introduced the E-CHILLI project to increase the quality of chilies produced in the state. Around 49,000 chili farmers received various benefits under this project.
Dry Chillies Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increased Trade Among Developing Countries
4.2.2 Increasing Demand for Dried Chilies and Chili Sauces
4.2.3 Growing Popularity of Different Food Products and Ethnic Cuisines
4.3 Market Restraints
4.3.1 Damage Caused by the Vast Range of Insect Pests
4.3.2 Seasonal Variability and Supply Chain Disruptions
4.4 Value Chain Analysis
5. MARKET SEGMENTATION
5.1 Geography (Production Analysis by Volume, Consumption Analysis by Volume and Value, Import Market Analysis by Volume and Value, Export Market Analysis by Volume and Value, and Price Trend Analysis)
5.1.1 North America
5.1.1.1 United States
5.1.1.2 Canada
5.1.1.3 Mexico
5.1.2 Europe
5.1.2.1 United Kingdom
5.1.2.2 Germany
5.1.2.3 France
5.1.2.4 Spain
5.1.3 Asia-Pacific
5.1.3.1 China
5.1.3.2 Australia
5.1.3.3 India
5.1.4 South America
5.1.4.1 Brazil
5.1.4.2 Argentina
5.1.5 Africa
5.1.5.1 South Africa
5.1.5.2 Egypt
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Dry Chilies Industry Segmentation
Dry chili peppers are used as the main spice globally, particularly in Asian countries. These are jam-packed with vitamin C, supporting the immune system and combating chronic diseases. They also prevent heart ailments. The dry chili pepper market is segmented by geography (North America, South America, Asia-Pacific, Europe, and Africa). The report offers a detailed production analysis (volume), consumption analysis (volume and value), import analysis (volume and value), export analysis (volume and value), and price trend analysis. The report offers the market sizes and forecasts in value (USD) and volume (metric tons).
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Dry Chillies Market Research FAQs
How big is the Dry Chilies Market?
The Dry Chilies Market size is expected to reach USD 1.61 billion in 2024 and grow at a CAGR of 6.11% to reach USD 2.16 billion by 2029.
What is the current Dry Chilies Market size?
In 2024, the Dry Chilies Market size is expected to reach USD 1.61 billion.
Which is the fastest growing region in Dry Chilies Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Dry Chilies Market?
In 2024, the Asia Pacific accounts for the largest market share in Dry Chilies Market.
What years does this Dry Chilies Market cover, and what was the market size in 2023?
In 2023, the Dry Chilies Market size was estimated at USD 1.51 billion. The report covers the Dry Chilies Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Dry Chilies Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Chillies Industry Report
The report on Global Dried Whole Chili Pepper Insights provides a comprehensive market overview segmented by geography, including North America, South America, Asia-Pacific, Europe, and Africa. It presents a detailed market analysis through production analysis, consumption analysis, import analysis, export analysis, and price trend analysis. The market size and forecast are offered in both value and volume, providing an extensive industry overview.
The report includes insights into the market growth, highlighting the market trends and market forecast. It also delves into market segmentation, offering valuable industry statistics and market data. The market report is designed to cater to the needs of research companies and industry professionals seeking to understand the market value and market outlook.
Additionally, the report features an industry analysis that covers industry size, industry sales, and industry trends. It provides a market review and market predictions, helping stakeholders to stay informed about the market leaders and their strategies. The report also includes industry information, industry research, and industry reports to support decision-making processes.
For those interested in obtaining a more detailed understanding, a free report PDF download is available, serving as a report example. This comprehensive report is a valuable resource for anyone looking to gain insights into the dried whole chili pepper market and its future trajectory.
