Rockville, United States , 2022-Apr-14 — The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of White Pepper. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of White Pepper Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of White Pepper market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of White Pepper
The global white pepper market experiences growth opportunities which can be attributed to the pungency along with their aroma owing to which they are used in different applications. It is used in food items, to impart a typical aroma and taste to the food item and is a much-preferred choice than black pepper.
It also has several health benefits, such as it facilitates proper digestion owing to higher hydrochloric acid secretion, it reduces the chances of cancer as well as is a good anti-oxidant.
This newly published and insightful report sheds light on Market Insights of White Pepper, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of White Pepper Market.
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Market Taxonomy
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(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Below are few market bytes, which give a gist of the insights of market which can be ardent to future prospects in the market
- The distribution channel analysis in the report highlights that the online segment has a greater opportunity in the coming years and it reflects a healthy CAGR of 4% during the forecasted period of 2017 to 2022. The grocery store segment also has good growth but a bit less pace than the online segment as per market observation till 2017. The revenue share of the grocery store in the market, however, is higher than the online store and these segments are poised to eat up additional BPS by the end of 2022. Other segments in the distribution channel analysis show loss in their BPS and low growth rate during the period of forecast
- Regional analysis shows APEJ (Asia-Pacific excluding Japan) can experience a good growth. The consumer-producer region, APEJ has good opportunities over the forecasted period and have accelerated growth rate and market attractiveness after Europe. Europe stands ahead in every aspect in the market. Each segment in the white pepper market is favored by the European regions and has higher market attractiveness. Growing industries like healthcare, food and cosmetics in Europe are one of the main reasons for the lucrative nature of the region for white pepper market.
- The personal care segment by application is poised to show a good growth rate in the forecasted period. A CAGR of 3% is expected to be registered by this segment during the 2017 to 2022 forecast period. Also, the food and beverage segment also gained brownie points in terms of growth in this market and continues to grow at a moderate pace owing to the various applications of white pepper in the food industry. The personal care segment in the application area is expected to earn more BPS by the end of 2022.
- By the product type, the organic segment is anticipated to earn more BPS and excellent growth rate to reach a CAGR of 4% during the period of forecast. However, the conventional segment faces a dull growth pace and is expected to show sluggish market share by revenue and loss in the BPS by the end of 2022. The organic segment is hoped to experience even higher revenue market share in the global white pepper market
- The research study also focuses on the competition landscape and involves detailed information and statistics on the key players in the market. The key players that are profiled in the market are Olam International limited, Ajinomoto co. Inc., Kancor Ingredients Ltd., The British Pepper and Spice Co. Ltd., McCormick and Company Inc., and Everest Spices Company.
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