Market Size of Dry Chilies Industry
| 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 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 Chilies Market Size Summary
The dried chili pepper market is experiencing significant growth, driven by increasing global demand, particularly from Western regions like Europe and the United States. Asia-Pacific holds a dominant position in this market, with India leading as the largest producer, consumer, and exporter of dry chilies. The country's production is primarily concentrated in states like Andhra Pradesh, Karnataka, Rajasthan, and Gujarat, with major export destinations including China, the United States, Thailand, Sri Lanka, and Indonesia. The Indian government supports this sector through various schemes providing subsidized farm inputs. The rising popularity of Asian cuisine and fusion dishes, along with the growing trend of spicy foods, is further propelling the market's expansion. This trend is evident in the increasing influence of Asian flavors in Western cuisines, such as the use of gochujang in the United States, which is gaining popularity as a key ingredient.
Despite some fluctuations in production levels in Asian countries, the dried chili market in the Asia-Pacific region is expected to continue its growth trajectory. India remains a crucial player, accounting for a significant portion of global production and export, with a strong demand for varieties like Sannam S4. The market's expansion is supported by strategic initiatives in other Asian countries, such as Indonesia's efforts to boost domestic production through improved agricultural practices. The global demand for flavored and spicy foods is anticipated to drive further growth in the dried chili market, with Asian countries poised to benefit from their higher production capacities compared to other regions.
Dry Chilies Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increased Trade Among Developing Countries
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1.2.2 Increasing Demand for Dried Chilies and Chili Sauces
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1.2.3 Growing Popularity of Different Food Products and Ethnic Cuisines
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1.3 Market Restraints
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1.3.1 Damage Caused by the Vast Range of Insect Pests
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1.3.2 Seasonal Variability and Supply Chain Disruptions
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 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)
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2.1.1 North America
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2.1.1.1 United States
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2.1.1.2 Canada
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2.1.1.3 Mexico
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2.1.2 Europe
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2.1.2.1 United Kingdom
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2.1.2.2 Germany
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2.1.2.3 France
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2.1.2.4 Spain
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2.1.3 Asia-Pacific
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2.1.3.1 China
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2.1.3.2 Australia
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2.1.3.3 India
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2.1.4 South America
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2.1.4.1 Brazil
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2.1.4.2 Argentina
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2.1.5 Africa
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2.1.5.1 South Africa
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2.1.5.2 Egypt
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Dry Chilies Market Size 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.
