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In summary, the main differences between paprika extract and paprika oleoresin lie in their production methods, composition, and applications. While both are derived from paprika and used for their color and flavor properties, paprika oleoresin is a more concentrated extract with a higher content of active compounds, making it suitable for a broader range of applications.

Red chilies are part of the capsicum family. However, they are different from bell peppers, being thinner and narrower and come in a variety of sizes, length, breadth and colors. When they grow they may be green, red or yellow. Usually, when dried or aged, many of the green varieties turn red, though yellow pepper is different.

To create the same flavor as smoked paprika using the suggestions above will be your best bet. But if you want to add some heat that can be found in hot smoked paprika, use any of the substitutes above paired with hot red pepper flakes.

However, unlike sriracha which is very dependent on chilis for its taste, the hot sauce with its many ingredients is very tangy. It’s because its other main ingredient is vinegar. If you taste hot sauce, you get a burst of heat together with the tangy vinegar. Vinegar serves two purposes: makes the hot sauces delicious with its flavorful play with the heat and it also helps preserve the chili, too. This is one reason why most commercially made hot sauces can be stored at room temperature.