Pimento Extract Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028


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Global Pimento Extract Market Outlook

Over the past few decades, the world has witnessed a rapid growth in veganism especially in the Asia Pacific, Europe, and the North America regions. The confluence of factors such as the rise in awareness about the health benefits on consumption of vegan products and the consumers' desirability of adopting a healthier lifestyle has been driving the consumers to shift into the vegan diet. Owing to this factor, the products such as the pimento has been gradually gaining traction among its target segments. Pimento and its various formats such as the pimento extract has witnessed large scale application in the pharmaceutical, cosmetics as well as in the food industry.     

Global Pimento Extract Market: Reasons for Covering this Title

Owing to the rise in awareness about health benefits associated with the consumption of natural and organic food and beverages products, there is rising in demand for the same over the past couple of decades. Consequently, taking into account the fact that consumers' rising preference for the natural food product, manufacturers are increasingly looking out for natural ingredients no matters it's in cosmetics, pharmaceutical or the food industry. Pimento Extract is one such natural ingredient that is used in large scale in these industries. In the food industry, Pimento Extract is famously used as a stuffing for green olives, in pimento cheese and pimento loaf. Pimento Extract is also used in the bakery as well as in the ice cream segments. In the pharmaceutical industry, Pimento Extract is also being used for flatulence, indigestion and cramps healing. Pimento extract is also used as a preferred ingredient for the production of several cosmetic products.     

Global Pimento Extract: Market Segmentation

On the basis of organic, the global Pimento Extract market has been segmented as –

  • Organic
  • Conventional

On the basis of form, the global Pimento Extract market has been segmented as –

  • Powder
  • Liquid

On the basis of the application, the global Pimento Extract market has been segmented as –

  • Food & Beverages Industry
  • Pharmaceutical Industry
  • Cosmetic Industry

On the basis of the end use, the global Pimento Extract market has been segmented as –

  • Retail
  • Industrial

On the basis of the distribution, the global Pimento Extract market has been segmented as –

  • Direct
  • Indirect
    • Supermarket/Hypermarket
    • Convenience Store
    • Specialty Store
    • E-Retail

Global Pimento Extract Market: Key Takeaway

According to internal analysis, the North America region is being considered as the most attractive market for personal and organic cosmetic products which sights an opportunity for Pimento Extract Market. Similarly, for functional food ingredients market, North American and the European regions have been considered as the dominant players which have the potential to drive the global Pimento Extract Market.

Global Pimento Extract Market: Key Players

Some of the key players operating in the global Pimento Extract market are B&G Foods, Inc., Synergy Flavors, Spice Mountain LTD, Geneza, Naissance, Natures Flavors, Inc., Lionel Hitchen Limited, Blue Pacific Flavors among others.

Key Trends: Global Pimento Extract Market

Major shareholding companies for Pimento Extract have been expanding its operation and presence through several critical acquisitions. Moreover, the companies have been executing several promotional strategies in order to bring awareness about its products and services among its target segments.

Global Pimento Extract Market: Key Developments

  • In 2017, B&G Foods announced the acquisition of Back to Nature Foods Company, LLC a leader in the better-for-you snack foods category, from Mondel?z International and certain other entities and individuals for approximately $162.5 million.
  • Naissance has been active in online social media channel promoting its products and services to its target customers.

Opportunities for Pimento Extract Market Participants

Due to rise in awareness about the critical health benefits associated with consumption of natural and organic products, the segment (natural and organic foods) has gradually started gaining traction in major shareholding regions such as Asia Pacific, Europe, and North America. The confluence of factors such as consumers’ desire of adapting themselves into healthier lifestyle and rise in per capita income which has been triggering the demand for natural and organic products. Taking this account into consideration, the food processing industry, as well as the cosmetic industry, has been stressing over using natural or functional ingredients in its products. Hence the consumers’ preference for natural and organic products paves an opportunity for Pimento Extract market, especially in the food industry.

Brief Approach to Research

A modeling-based approach and triangulation methodology will be followed to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

  • An overview of the Pimento Extract market, including background and evolution
  • Macroeconomic factors affecting the Pimento Extract market and its potential
  • Pimento Extract Market dynamics, such as drivers, challenges, and trends
  • Detailed value chain analysis of the Pimento Extract market
  • The cost structure of the products and segments covered in the study
  • In-depth pricing analysis, by key product segments, regions and by major Pimento Extract market participants
  • Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
  • Analysis of the market structure, including a tier-wise categorization of key market participants
  • Competitive landscape of the Pimento Extract market, including detailed profiles of the top players in this market

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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