Dry Chilies Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Dry Chilies Market Report offers Detailed Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price Trend Analysis. It is also Segmented by Geography (North America, South America, Asia-Pacific, Europe, and Africa)

Market Snapshot

Global Dry Chillies Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Europe
Largest Market: Asia Pacific
CAGR: 5.4 %

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Market Overview

The dry chilies market is expected to register a CAGR of 5.4% during the forecast period (2021-2026)

COVID-19 has had a direct and negative impact on the dry chilies market globally. The value addition activities were affected negatively due to the disrupted distribution channels, leading to lower production of chilies in the market. As India is the major producer and exporter of dry chilies, the country has suffered as it was unable to export the produce to the rest of the world due to the lockdown. The delays in collection and shipment will result in lower supplies than normal, further hampering the overall chilies market.

India is the world’s leading producer of dry chilies, accounting for more than 35.0% in 2019 of the market, followed by Thailand, Ethiopia, China, and Pakistan. There was a slight slump in the global production of dry chilies in 2016 because of the decline in production in the Indian state of Andhra Pradesh due to the virus (pest) attack and lack of irrigation. However, the dry chilies market in the country is expected to grow during the forecast period owing to the growing demand for dry chilies across the globe.

Scope of the Report

Dry chilies are used as the main spice across the globe, particularly in Asian countries. These are jam-packed with vitamin C that helps in supporting the immune system and combat chronic diseases. They also prevent heart ailments. The report offers detailed production analysis (volume), consumption analysis (volume and value), import analysis (volume and value), export analysis (volume and value), and price trend analysis. It is also segmented by geography (North America, South America, Asia-Pacific, Europe, and Africa).

Geography (Production Analysis, Consumption Analysis by Volume and Value, Import Market Analysis by Volume and Value, Export Market Analysis by Volume and Value, and Price Trend Analysis)
North America
United States
Canada
Europe
Germany
United Kingdom
France
Asia-Pacific
China
Australia
India
South America
Argentina
Africa
South Africa
Egypt

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Key Market Trends

India Dominates the Dry Chilies Market in terms of Production and Exports

India is the world’s largest producer as well as exporter of dry chilies. Top importers from India are Vietnam, Thailand, Sri Lanka, and Indonesia. There was a slight slump in the global production of dry chilies in 2016 because of a decline in production in the Indian state of Andhra Pradesh due to the virus attack, lack of irrigation, and crop failure in the state of Madhya Pradesh, which resulted in enhancement of prices of dry red chilies. During 2016, Indian farmers preferred to produce cotton over dry chilies as they incurred losses because of the substantial slump in prices. The demand for the world-famous Sannam S4 dry red chilies is very high, and this variety is growing all over the world. It is grown in the states of Andhra Pradesh, Rajasthan, Maharashtra, Assam, and Madhya Pradesh. Sannam S4 or 334 contains aroma and pungency, which is often used for Indian, Chinese, European, Thai, and Italian cuisines. However, as it is a temporary effect, the dry chilies market in the country is expected to grow in the forecast period.

dry chillies market

Europe Dominates the Market

The high demand for exotic and spicy oriental cuisines in Europe is driving the market for dry chilies in the region. Europe is the second-largest importer of dried chilies in the world, after Asia, accounting for around 40.0% share of the total world’s imports. European imports of dried chilies have increased every year in volume from 2014 to 2018. Around two-thirds of imports from outside Europe come from developing countries. Also, the largest share of the intra-European trade consists of re-exports of dried chilies that originally came from developing countries. In the next five years, imports are likely to increase with an annual growth rate of 5.0-6.0%. The highest growth is expected for dried chilies with medium pungency, as European consumers do not prefer extremely hot chilies. Hence, there is a huge demand for dry chilies in the region.

Dry chillies market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain Analysis

      1. 4.4.1 Value Chain Overview

      2. 4.4.2 Price Markups in the Value Chain

      3. 4.4.3 Stakeholders in the Value Chain

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography (Production Analysis, Consumption Analysis by Volume and Value, Import Market Analysis by Volume and Value, Export Market Analysis by Volume and Value, and Price Trend Analysis)

      1. 5.1.1 North America

        1. 5.1.1.1 United States

        2. 5.1.1.2 Canada

      2. 5.1.2 Europe

        1. 5.1.2.1 Germany

        2. 5.1.2.2 United Kingdom

        3. 5.1.2.3 France

      3. 5.1.3 Asia-Pacific

        1. 5.1.3.1 China

        2. 5.1.3.2 Australia

        3. 5.1.3.3 India

      4. 5.1.4 South America

        1. 5.1.4.1 Argentina

      5. 5.1.5 Africa

        1. 5.1.5.1 South Africa

        2. 5.1.5.2 Egypt

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

  7. 7. AN ASSESSMENT OF THE IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Dry Chilies Market market is studied from 2016 - 2026.

The Dry Chilies Market is growing at a CAGR of 5.4% over the next 5 years.

Europe is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

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