Green pepper production has been rapidly increasing over the last few years, owing to its increased use in the food and beverage industry. Green pepper has a lower penetration than white and black pepper. Green pepper is typically preserved in a brine or vinegar mixture to keep it from spoiling. Green pepper in its pure form, on the other hand, is widely consumed in many nations.
The product is high in potassium, vitamin C, iron, manganese, and dietary fibres and is utilised as a natural preservative in a variety of processed foods. Furthermore, green pepper contains antioxidants, making it popular among consumers who want to eat a healthy diet. Green pepper can also help to treat and prevent cancer, liver illness, and cardiovascular disease.
Furthermore, in the near future, rising demand for exotic spicy cuisines and rare green pepper variations is expected to boost green pepper sales. According to Fact.MR’s analysis, the global green pepper market will grow at a CAGR of just under 4% between 2021 and 2031, reaching a size of roughly US$ 486.6 million.
Competition Tracking
Key players mentioned in Fact.MR’s report include Associated British Foods (Ach), Beidahuang Group, Bunge Limited, Fuji Vegetable Oil, Inc., Ach Food Companies, Inc., Marico Limited, Ruchi Soya Industries Ltd, The Adani Wilmar Ltd., Archer Daniels Midland Company, Cargill, Inc., ConAgra Foods (Agrotech Foods Ltd), Olympic Oils Limited, Borges Mediterranean Group, Adams Group, and American Vegetable Oils, Inc.
Green Pepper Organic and Ground Varieties Will Remain Superior; Major Sales Expected Through Modern Trade Channels
The global revenue sales of ground green pepper are expected to approach US$ 200 million by the end of 2022, depending on the type of green pepper available on the market.
Similarly, sales of organically derived green pepper will continue to outperform sales of conventional green pepper over the projection period, owing to rising consumer demand for organic food ingredients.
The green pepper market is predicted to generate the majority of revenue through contemporary commerce, which is expected to reach a value of over US$ 175 million by the end of 2022.
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