According to Cognitive Market Research, The Global Chilli Oil market size is USD 2.3 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 6.20% from 2023 to 2030.
The demand for chilli oil is rising due to the numerous strategies adopted by key participants.
Demand for cold-pressed chilli oil remains higher in the chilli oil market.
The restaurant category held the highest chilli oil market revenue share in 2023.
Europe will continue to lead, whereas the North American chilli oil market will experience the most substantial growth until 2030.
