Report Code: A13755 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Green Pepper Market
Request Now !Green pepper – also known as pepper, capsicum, or bell pepper — is the dried berries of the Capsicum annuum plant. Chili pepper and hot pepper types are classified as green pepper in some areas. Green pepper, which is native to North and South America, has seen a surge in yield and demand in recent years, owing to its growth in popularity in a range of meals around the world. Despite good output and promising demand prospects, green pepper is expected to remain a high-volume, low-value market for the foreseeable future.
COVID-19 Impact analysis
Top Impacting Factors
Market Trends
Rise in its Demand in Routine Diet and Use as Natural Preservative
The pepper trade is one of Turkey's fastest-growing industries. While the people of Turkey, Spain, and Greece use green pepper and other types in many shapes and sizes, study shows that green pepper is included in the daily local menu throughout the Mediterranean region. Green pepper growers are expected to benefit from the continued use of green pepper in this regional territory as well as the growing popularity of green pepper in other regional markets for its vitamin and nutrient rich content in the coming years.
The worldwide green pepper market is expected to develop at a moderate rate owing to rising demand for green pepper. Over the next few years, the expanding use of green pepper in a variety of culinary products is anticipated to result into promising sales revenue for the green pepper industry. Green pepper, on the other hand, is more commonly found in brine mixtures or vinegar, but it has a smaller market penetration than white and black pepper. Green pepper's exceptional preservation properties allow it to be widely employed as a high quality natural food preservative, resulting in increased adoption among food processors and processed food producers for applications including freezing and canning.
Demand to Rise due to Dietary Benefit and Organic Varieties to Remain Superior
Green pepper's high antioxidant content is expected keep it in high demand among health-conscious consumers, while boosting recommendations for its usage in the dietary regimen of cancer, liver and cardiovascular disease patients. Leading food innovation specialists and chefs are increasingly incorporating green pepper and its uncommon variants into the creation of new exotic cuisines, which is projected to boost green pepper sales in the coming years. Growing consumer knowledge of green pepper's high calcium, potassium, iron, dietary fiber, manganese, and vitamin C content is also expected to keep demand steady.
Key Benefits of the Report
Questions Answered in the Green Pepper Market Research Report
Green Pepper Market Report Highlights
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Key Market Players | Cargill Inc., Borges Mediterranean Group, Bunge Limited, Archer Daniels Midland Company, Beidahuang Group, Associated British Foods (Ach), Fuji Vegetable Oil Inc., Adani Wilmar Ltd., Ruchi Soya Industries Ltd, Adams Group |
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