Paprika Market size was valued at US$ 538.19 Mn. in 2023 and the total revenue is expected to grow at 5.39% CAGR through 2024 to 2030, reaching nearly US$ 777.20 Mn. by 2030. Paprika Market Overview: Paprika is a spice made from grounding up different varieties of Capsicum annuum peppers – these can include sweet bell peppers, hot red and/or peppers, and other varieties in between. It’s the fourth most-used spice around the world. Paprika have excellent anti-inflammatory, anti-aging, antioxidant properties, and anti-depression.