Vietnam pepper industry is one of the agricultural sectors that make a vital contribution to country’s agricultural sector. Pepper is a high-grade spice, also known as king of spices. It contains rich anti-oxidants and other nutrients. It is available in the two forms: black pepper and white pepper. Both forms are obtained from same source but are prepared differently. Black pepper is made by cooking the dried unripe fruit while white pepper is made by cooking & drying the ripe seeds. Pepper is also used to make medicines. It often used to cure stomach upset, cancer and bronchitis. It is sometimes applied directly to the skin for treating neuralgia (nerve pain) and a skin disease called scabies. Black peppers are also used as a counterirritant for pain. The area of pepper industry in Vietnam has continuously increased strongly due to the strong increase in pepper price.
According to study, “Vietnam Pepper Comprehensive Report Q4.2019” the key companies operating in the Vietnam pepper comprehensive report are Olam Vietnam Co., Ltd., Pearl Trading Service and Import Export Joint Stock Company, Intimex Group, Nedspice Processing Vietnam Company Limited, Simeco Daklak, Son Ha Spice & Flavorings LTD, Phuc Sinh Joint Stock Company, DK Commodity Co., Ltd., Lien Thanh Joint Stock Company, Harris Freeman Vietnam Company Limited.
The key health benefits are included helps in digestion, powerful spice to combat cancer, good for constipation, treat skin problems, treat respiratory disorders, good for hair growth, helpful for blood circulation, relief from joint pain, weight control, removes toxins from the body and relief from joint pain etc. Apart from this, some of the side-effects & allergies include can cause gastrointestinal issues, may affect pregnancy and may cause skin redness.
Based on form, Vietnam pepper market is segmented into rough cracked, ground and whole. Ground segment holds major share in market owing to rise in production of new varieties of seasoning products. Based on type, market is segmented into organic pepper and inorganic pepper. Based on application, market is segmented into bakery & confectionery products, soups, frozen products, sauces & dressing, meat & poultry products, beverages, snacks, convenience food, and others. In addition, based on end-use industry, market is segmented into health care, food & beverages industry and personal care & cosmetics.
The Vietnam pepper market is driven by increase in food products, followed by rise in penetration of fast-food business and varieties of pepper increase in use of pepper in beauty products, change in lifestyle, growth in household income, and rise in demand for confectionary & bakery products. However, change in climate conditions and quality issues regarding supply of black pepper may impact the market. Moreover, growth in food business is a key opportunity for market. Furthermore, increase in popularity of traditional medicine is a major trend for market.
Vietnam is a major manufacturer of pepper owing to huge amount of production & productivity supports Vietnam’s farmers to provide the lowest charge labels across the globe. On the basis of export, the country tops the marketplace internationally. In near future, it is estimated that the market will be reached at rapid pace on account of increase in pretreated foodstuff business and growth in inclination of consumers towards seasoning in their diets during the forecast period.
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Ankur Gupta, Head Marketing & Communications