Press release
Escalating Demand for Green Pepper Influences Market Growth during 2017-2022
Fact. MR’s recent report on the green pepper reveals diverse perspectives and captivating trends governing the industry landscape. According to the report, the antioxidant properties of green pepper will be a key aspect driving its popularity among consumers across various regions. With an affluent nutritional profile consisting of dietary fibers, manganese, iron, vitamin-C, and potassium, green pepper is foreseen to gain notable prominence in the food industry.The Fact.MR study sketches the futuristic outlook of the green pepper market and projects global revenue to surpass US$ 485 Mn by 2022 end. As per the report, the efficiency of green pepper to cure as well as prevent cancer, liver ailments, and cardiovascular diseases continues to be a key driver of its demand. Fact.MR’s comprehensive analysis embodies all the crucial aspects to analyze global consumption of green pepper such as changing consumption preferences, demand for foods with functional properties, evolution of spices, shifting dietary patterns, and so on.
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The research study by Fact.MR elaborates on different product types of green pepper available for consumption. Following the different product types flooding the supermarket aisles, organic green pepper seized 56.9% of the revenue share and is poised to value over US$ 270 Mn by 2022. Rising inclinations toward organic food products in the light of functional benefits is said to augur well for organic green pepper. However, easy availability is likely to aid the demand for conventional green pepper steadily gain grounds in the green pepper market.
Green Pepper Demand as a Natural Food Preservation Agent to Push Prospects
With demand for green pepper on a steady rise, the growth prospects for the global green pepper market remain moderate over 2017-2022. Growing incorporation of green pepper in a heap of culinary products will continue to translate into a promising sales revenue of green pepper market over the next few years. However, although green pepper that is prominently found in brine mixture or vinegar, it represents lower market penetration compared to white and black pepper. Excellent preservative characteristic of green pepper enables it to be used widely as a premium quality natural food preservative, pushing adoption among food processors and processed food manufacturers for applications such as freezing and canning.
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Some of the leading companies profiled in global green pepper market report include The Adani Wilmar Ltd., Ruchi Soya Industries Ltd, Associated British Foods (Ach), Beidahuang Group, Borges Mediterranean Group, Archer Daniels Midland Company, Bunge Limited, Adams Group, Cargill, Inc., Fuji Vegetable Oil, Inc., Ach Food Companies, Inc., American Vegetable Oils, Inc., Marico Limited, ConAgra Foods (Agrotech Foods Ltd), and Olympic Oils Limited. Recently The Adani Wilmar Ltd. announced the acquisition of Ruchi Soya Industries Ltd. - the precise consequences are however yet to be revealed.
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The report also gauges the performance of green pepper market across the avenues of North America, Latin America, Europe, APEJ, Japan, and MEA. Europe green pepper market is poised to lead the revenue quo and introduce lucrative avenues for manufacturers to expand their foothold during the forecast period. With the largest revenue share of the global market, Europe green pepper industry is foreseen to expand at a CAGR of 4.9% over the next five years.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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