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The global pepper market is projected to witness a rise during the forecast years, due to various essential properties associated with the product, such as anti-inflammatory properties. Increasing the nutritional prominence of many individuals helps as a significant indicator of the overall productivity of that country.
The need of the hour is thus to establish robust and effective dietary patterns with greater inclusion of foods exhibiting enriched benefits in addition to the macro and micronutrients present in them. An upsurge in demand for pepper from various food industries is projected to contribute to its market growth in the forthcoming years.
Key companies operating in the global pepper market helps in maintaining the prominence of the market. Everest Spices and MDH Spices are some of the key companies performing in the global pepper market.
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Pepper is also called peppercorn which is obtained from dried unripe fruit which is found in plant called Piper Nigrum. Pepper is used in all cuisines as it has a pungent smell, hot taste, and health friendly properties. Pepper has a wide range of applications in the culinary industries as there are three different categories of pepper including green pepper, red pepper, black pepper, and white pepper.
Increasing consumption of pepper in the East nations for cooking and growing pretreated foodstuff business is projected to fuel the growth of global pepper market during the forecast period. Increased governmental support for production of pepper due to their antioxidant and anti-inflamatory properties and increasing consumption of ready-to-eat food products and also fried products among many individuals is further expected to boost the demand for pepper. In addition, increasing usage of pepper in personal care products such as soaps, and toothpastes for its antiseptic properties.
Over consumption of pepper can cause gastrointestinal disorders is the major factor which is expected to hamper the growth of the market. Furthermore, high price of pepper is expected to restrain the market growth.
Some of the major companies that are present in the global pepper market are Everest Spices, MDH Spices, Gupta Trading Company, SAIGON HANOI IMEXCO LTD., British Pepper & Spice Co Ltd., McCormick & Company, Inc., Olam International, and Intimex Group.
By Product Type
On the basis of product type, the global pepper market has been segmented into green pepper, black pepper, and white pepper. Powder pepper segment is anticipated to exhibit considerable growth during the forecast period, as it is rich in a strong antioxidant called piperine, which is helpful in preventing from free essential damage to your cells.
On the basis of application, the global pepper market has been segmented into food and beverage and cosmetics and personal care products. Further the market is sub-segmented into sauces and dressings, frozen products, bakery and confectionery products, meat and poultry products, and beverages. The application of pepper in food and beverages is projected to be the highest during the forecast years, due to the increasing use of pepper for cooking purpose and many food products due to its hot taste.
North America is leading the global pepper market due to growing demand for confectionery and bakery products and increasing use of pepper for septic use in beauty products. The robust urbanization in the Europe region has led to rapid changes in the lifestyle and eating habits of many individuals. Due to busy lifestyle consumers are preferring processed foods with added nutritional benefits and spicy and better taste that are principally derived from the pepper.
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