Global Pepper Ingredient Powder – Market Outlook
Pepper is used as a spice from ancient times and has strong antioxidant properties. The pepper oleoresins are known to maintain these antioxidant properties are therefore commonly used in both foods as well as pharmaceutical industries. Black pepper (Piper nigrum) and long pepper (piper longum) are the widely loved species and are possibly one of the world’s best-known spices.
The oleoresin of the pepper has antioxidant and anti-inflammatory properties. Furthermore, due to the aromatic properties of pepper oleoresin, it has several applications, especially for aromatherapy.
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Unique pepper flavor gaining popularity
Flavors have a large share in the food industry as a whole and are on the verge of a huge production. Growth of the flavors market is driven by evolving customer preferences, rising demand for convenient food and improving the global beverage industry in terms of packaging and, for example, healthy logistics
Considering health and wellness problems, the demand for natural ingredients is expected to increase significantly. North America and Europe dominate the overall market. New companies entering the ingredient market will find it extremely competitive and will have to compete not only on cost but also on innovation and quality.
Wide application in the food industry is boosting the demand if pepper ingredient
Major drivers of the pepper ingredient market is increased demand for packaged foods and beverages, increased demand in various food applications, and the rising popularity of exotic flavors.
The consumer concern about the long-term health effects of artificial ingredients and additives in food products has increased the demand for natural and safe ingredients in food products, which mainly drives growth in the market for pepper ingredient.
Another growing trend in the ethnic food category is the availability of exclusive food ingredients and seasonings. The millennial who currently dominate the food room is known to enjoy food filled with flavor and out of the ordinary products
Global Pepper Ingredient Market – Key players
Some of the key players of the global pepper ingredient market are Kancor Ingredients Limited Plant Lipids (P) Limited, McCormick & Company, Inc, AOS Products Private Limited. Ungerer & Company, Vidya Herbs, IndoVedic Nutrients Pvt. AVT Natural Products Limited and others. Manufacturers focus on the constant production of new products such as essential oils, and fragrances. Companies are also working on creative pepper powder packaging to increase sales.
The major companies in ingredient manufacturing place their product line in the global market as a strategy for directly entering the consumer market through multiple retail outlets, convenience stores, and e-commerce platforms.
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