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The Jalapeno Pepper Market size is projected to increase by USD 108.68 million and the market size is estimated to grow at a CAGR of 3.17% between 2023 and 2028.
The report includes a comprehensive outlook on the Jalapeno Pepper Market, offering forecasts for the industry segmented by End-user, which comprises food and beverage industry, household, food processing companies, and others. Additionally, it categorizes Distribution Channel into offline and online, and covers Geography regions, including North America, South America, Europe, APAC, and Middle East and Africa. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
Growing awareness of the medicinal benefits of jalapeno pepper is the key factor driving market growth. A few health benefits of jalapeno pepper such as anti-inflammatory, improved digestion, weight control, killing bacteria, and antioxidant gain, and cure of cancer. Furthermore, the consumption of jalapeno peppers also helps in reducing high blood pressure, cholesterol levels, diabetes, and other diseases. Thus, the growing awareness of the medicinal benefits of jalapeno peppers is expected to fuel the growth of the global jalapeno pepper market during the forecast period.
The Jalapeno Pepper Market shows an Accelerated CAGR during the forecast period.
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Rising demand for organic food products is the primary trend shaping market growth. The organic food industry has witnessed high growth due to the growing consumer preference for organic spices and ingredients. Consumers across the world have realized the importance of good health and the health benefits of organically grown food products. Many consumers have started opting for organic food products to be safer and healthier.
Furthermore, to capitalize on the growing demand, many regional and global players are offering organic jalapeno pepper products in the market, such as Jalapeno Pepper, Red from Silva International, and more. The increasing demand for organic food products in packaged formats and their growing availability in different food service channels will drive the growth of the global jalapeno pepper market during the forecast period.
The threat of contamination is a challenge that affects market growth. Contamination can happen at any stage of the supply chain, from the farm where jalapeno peppers are grown and processing sites to packaging, distribution, and storage. Most market players source jalapeno peppers from third-party suppliers. Crops grown in fields might get affected by Salmonella. If a food product presents risks to the well-being and health of consumers, food regulatory and compliance authorities have the right to issue a notice to the company and manufacturers of the product.
Moreover, food contamination can lead to product recalls and harm the revenue and reputation of the manufacturer. In the past, cases of Salmonella contamination have been found in jalapeno peppers, and it is expected that the threat of contamination can impede the growth of the global jalapeno pepper market during the forecast period.
The offline distribution channel includes supermarkets, hypermarkets, grocery stores, convenience stores, and others. The growth in the number of brick-and-mortar stores, such as supermarkets, hypermarkets, grocery stores, and convenience stores, will support the demand for packaged foods, including jalapeno pepper, in the global market. The retail sector is witnessing the expansion of different retailing formats across the globe, which is expected to drive the demand for packaged foods, thereby driving the growth of the global jalapeno pepper market during the forecast period.
The market share growth by the food and beverage industry segment will be significant during the forecast period. The popularity of Mexican, Italian, and other restaurants offering ethnic cuisines is growing globally. Most of these restaurants use jalapeno peppers as a topping ingredient owing to their good flavor and the right amount of heat. The growth in the number of food service chains and restaurants will drive the demand for jalapeno peppers in the food and beverage industry.
The food and beverage industry segment was valued at USD 225.36 million in 2018.
The preference for jalapeno peppers is growing in the food and beverage industry owing to the health benefits associated with them, such as high nutrient content and as an aid in weight loss. Therefore, the growth in the number of food service providers, such as quick-service restaurants, will drive the demand for jalapeno pepper from the food and beverage industry, thereby driving the growth of the market during the forecast period.
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North America is estimated to contribute 41% to the growth of the global market during the forecast period
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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The US, Canada, and Mexico are the key contributors to the market in North America. A common ingredient in Tex-Mex cuisine, the jalapeno pepper is native to Mexico and North America but is now grown all over the world. There are many health benefits associated with jalapeno peppers, such as high vitamin C content, which is more than oranges.
Furthermore, jalapeno peppers can help to reduce weight and can act as a natural pain reliever. Jalapeno peppers are used in several recipes in the region, including jalapeno cheddar chicken wings, jalapeno jelly, pickled jalapeno peppers, taqueria-style pickled jalapenos and carrots, and more. The high availability of jalapeno peppers in North America is fueling its consumption in the region, which in turn will fuel the growth of the regional jalapeno pepper market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The jalapeno pepper market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:??????
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The jalapeno pepper market report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2018 to 2028.
Jalapeno Pepper Market Scope |
|
Report Coverage |
Details |
Page number |
151 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.17% |
Market Growth 2024-2028 |
USD 108.68 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
2.61 |
Regional analysis |
North America, South America, Europe, APAC, and Middle East and Africa |
Performing market contribution |
North America at 41% |
Key countries |
US, Mexico, India, Germany, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
BALOIAN FARMS, Bayer AG, Can Am Pepper Co. Ltd., Canada Linc Farms, Eminent Seeds, Fresh India Organics LLP , G And G Peppers LLC, Gabbar Farms, Garlic Solutions, Jaywant Green Bliss Corp., Mezzetta, Mountain Top Seed Bank, Pero Family Farms Food Co. LLC, Roland Foods LLC, Silva International, Syngenta Crop Protection AG, Team Seeds Pvt. Ltd., Turer Tarim, Tyler farms, and We Grow LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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