MARKET

Insights and reports

 
 
 

Huge market opportunity and potential for XPC Products:

  • The spice extracts market, that Capsaicin is a part of, had an estimate market size of 1.44 billion (USD) in 2019 and an expected growth rate of 4.7% per year.1

Animal feed supplements

  • Global production of animal feed was 1.1 billion tonnes in 2018, of which chicken feed amounted 450 million tonnes.2

  • The global market for animal feed supplements in 2019 was 37.8 billion (USD), of which chicken feed supplements corresponds to 13.9 billion (USD).3

  • The global market for poultry feed was valued at USD 175.9 billion in 2018. Between 2019 and 2025, the market is expected to grow with an average annual growth of 4.5%.4

  • Between 2017 and 2023 the market for pig feed is expected to grow at an average annual growth rate of 1.7%,5 where annual production of feed for pig farming globally amounts to approximately 250 million tonnes.6

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Cosmetics

Capsaicin has been proven to relieve muscle and joint pain.

  • The global market for topical pain relief, i.e. drugs and cosmetics (OTC) applied directly to the skin such s creams, gels, ointments and patches, was valued at 7,481 million (USD) in 2017 and is expected to reach a value of 13,276 million (USD) by 2025, which corresponds to an annual average growth rate of 7.4%.7

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Life

Natural Capsaicin is used to day in a variety of functional food and supplements as it has shown, among other things, a pain-relieving effect and weight-controlling properties.

  • The global market for nutraceuticals is expected to grow from 2017 with an average annual growth of 8.8% and reach a value of 578 billion (USD) by 2025.8

  • The global market for weight control products is expected to reach a value of 442 billion (USD) by 2025.9

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Protect

Antifouling in paints, protection against pests and self-defence spray.

  • The global market for self-defence sprays was valued at 35 million (USD) in 2019 and expected to grow to 92 million (USD) by 2026, with annual growth of 14.7%.10

  • The estimated global revenue potential for capsaicin-like molecules for antifouling in colours was estimated at just under 5 billion (SEK) in 2013.11

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 References

  1. https://www.grandviewresearch.com/industry-analysis/oleoresins-market

  2. https://www.poultryworld.net/Nutrition/Articles/2019/1/Alltech-releases-2018-poultry-feed-data-387624E/

  3. https://www.grandviewresearch.com/industry-analysis/animal-feed-additives-market

  4. Research & Markets, Global Poultry Feed Market – By Type Additives, Region – Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)

  5. Mordor Intelligence Swine Feed Market – Growth, Trends and Forecast (2018-2023)

  6. 2018 Alltech Global Feed Survey

  7. The global topical pain relief market size was valued at $8,864.0 million in 2019 and is projected to reach $12,219.7 million by 2027 at a CAGR of 5.2% from 2020 to 2027.
    https://www.alliedmarketresearch.com/topical-pain-relief-market

  8. Grand View Research, Nutraceuticals Market Size Worth $578.23 Billion By 2025 (CAGR: 8,8 %)

  9. Grand View Research, Weight Management Market Size To Reach $442.3 Billion By 2025

  10. Market Growth Reports: Global Pepper Sprays Market Research Report 2021.
    https://www.marketgrowthreports.com/global-pepper-sprays-market-17283625

  11. https://s3-eu-west-1.amazonaws.com/rdey-cms-prod/app/uploads/2013/12/report_20131206_22080.pdf