Raman imaging requires the effective extraction of chemical information from the corresponding datasets, which can be achieved by a range of analytical methods. However, since each of these methods exhibits both strengths and weaknesses, we herein directly compare univariate, bivariate, and multivariate analyses of Raman imaging data by evaluating their performance in the quantitation of two adulterants in paprika powder. Univariate and bivariate models were developed based on the spectral features of the target adulterants, whereas spectral angle mapper (SAM), adopted as a multivariate analysis method, utilized the complete dataset. The obtained results demonstrate that despite being simple and easily implementable, the univariate method affords false positive pixels in the presence of background noise. Luckily, the above problem can be easily resolved using the bivariate method, which utilizes the multiplication of two band images wherein the same adulterant shows high-intensity peaks exhibiting the least overlap with those of other sample constituents. Finally, images produced by SAM contain abundant false negative pixels of adulterants, particularly for low-concentration samples. Notably, the bivariate method affords results closely matching the theoretical adulterant content, exhibiting the advantages of using non-complex data (only two bands are utilized) and being well suited to online applications of Raman imaging in the agro-food sector.