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 |
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Dry Chillies 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).
- Asia-Pacific dominates the market, as India is the world's largest producer, consumer, and exporter of dry chilies. India's top importers are China, the United States, Thailand, Sri Lanka, and Indonesia. Andhra Pradesh is the primary producer of chilies in the country, followed by Karnataka, Rajasthan, and Gujarat. Chilies are grown for various uses, including vegetables, spices, condiments, sauces, and pickles.
- The government is also implementing various schemes to supply farm inputs, like seeds, fertilizers, agricultural machinery & equipment, irrigation facilities, etc., at subsidized rates to the farmers in the country.
- Some of the major factors driving the market include the increasing demand for dry chilies in western regions like Europe. Europe is one of the largest importers of dry chilies globally, as the production in the region is not self-sufficient. Europe produces less than 80 thousand metric tons of dried chilies and other dried paprika, accounting for half of the imports. Therefore, it is highly dependent on Asian countries for imports. The Asia-Pacific region is also anticipated to achieve a faster growth rate over the forecast period.
