As cited by the research report titled ‘Global Paprika Color Market Size study, by Nature (Organic, Conventional) by Application (Beverage, Bakery, Snacks and Cereal, Candy/confectionary, Dairy, Fruit Preparations/ Fillings, Meat Poultry , Fish and Eggs, Potatoes, Pasta and Rice, Sauces, Soups and Dressing, Seasoning, Pet Food) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global paprika color market is projected to grow with a strong CAGR to garner significant returns over 2021-2027.
 

Rising demand for natural food color coupled with increasing health awareness are the major factors driving global paprika color market growth. In addition, increasing usage of plant-based ingredients has enhanced the adoption of paprika color, thereby positively swaying the industry dynamics.
 

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On the downside, increasing utilization of artificial colors is likely to act as a bottleneck for the market progression over the projected timespan of 2021-2027.
 

For the record, paprika color is mainly obtained from natural product and is widely used in food applications, mainly in meat products, salad decoration, vegetable oils, seasoning sauces, soups, and bakery products including others.
 

The report offers detailed information on the market segmentation, further providing a clear understanding of revenue prospects of the industry to assist the stakeholders in making informed decisions.
 

By nature, global paprika color industry is segmented into organic and conventional. Meanwhile, the application range includes, beverage, bakery, snacks and cereal, dairy, fruit preparations/ fillings, candy/confectionary, fish and eggs, meat poultry, pasta and rice, potatoes, sauces, soups and dressing, pet food, and seasoning.
 

The geographical analysis of the industry includes regions like Asia Pacific, Europe, North America, and Latin America. Europe market is anticipated to showcase significant growth over the assessment period 2021-2027, on account of increasing demand for natural food color.
 

Meanwhile, Asia Pacific market is likely to be a lucrative growth avenue over the estimated timeframe, owing to growing awareness regarding healthy lifestyle in the region.
 

Prominent players profiled in the worldwide paprika color industry are Western Bio Vegetable Seeds Pvt. Ltd., Mahindra Agri Solutions Limited, Takii & Co Ltd., Advanta Ltd., Maharashtra Hybrid Seeds Company Pvt. Ltd., Sakata Seed Corporation, Groupe Limagrain, Monsanto Company, Syngenta Group, and Bayer CropScience LLC.
 

The report includes comprehensive profiles of the players as well as additional details of their product portfolios and any recent developments.