Rockville, MD -- (SBWIRE) -- 03/29/2018 -- Green pepper is referred to the dried berries of a plant known as capsicum annuum, which is a subspecies of genus capsicum plant native to northern South America and southern North America. While in other parts of the world it commonly goes by the name capsicum or pepper, in America, green pepper is also called as bell pepper. In many instances, other hot pepper or chili peppers that are green in color are also considered as green pepper.
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The global green pepper output has soared substantially owing to its increasing use in a wide range of food products. However, green pepper still accounts for a lower market penetration as compared to black and white pepper. Mostly, green pepper is available in vinegar or brine mixture, which prevents it from spoilage but sometimes it is directly sold without any additional condiment. Green pepper is considered as an excellent natural food preservative and is rich in dietary fibers, manganese, iron, vitamin-C, and potassium. Moreover, the product also has antioxidant properties, which is further driving its popularity among consumers who are highly health conscious. Green pepper can also help in preventing liver, cardiovascular, and cancer diseases. In addition, rising demand for different hot pepper varieties and exotic hot cuisines is expected to make a favourable impact on the global sales of green pepper. As per the recent study, conducted by Fact.MR, the global green pepper market is set to ride a sluggish CAGR between 2017 and 2022 to surpass a valuation of US$ 486 Mn.
Based on form, global sales of ground green pepper currently account for around 40% revenue share of the global green pepper market. By the end of the forecast period, more than US$ 200 Mn worth ground green pepper is estimated to be sold globally. In addition, global revenues from ground green pepper sales in projected to increase at a steady CAGR during to 2017 to 2022.
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Europe's Leadership in the Global Green Pepper Market to Remain Unchallenged
In terms of revenue, Europe currently dominates the global green pepper market and the trend is projected to continue in 2017 and beyond. Europe's green pepper market is expected to grow at a CAGR of 4.9% over the forecast period.
Organic green pepper will continue to outperform the conventional variant in terms of sale during the next five years. This is primarily owing to increasing consumer demand for organic products as they are healthier and usually do not have any risks of side-effects.
The Adani Wilmar Ltd., Associated British Foods (Ach), Ruchi Soya Industries Ltd, Beidahuang Group, Archer Daniels Midland Company, Borges Mediterranean Group, Cargill, Inc., Bunge Limited, Adams Group, Fuji Vegetable Oil, Inc., American Vegetable Oils, Inc., Ach Food Companies, Inc., Olympic Oils Limited, Marico Limited and ConAgra Foods (Agrotech Foods Ltd) are the key companies profiled in the Fact.MR's report.
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