| Product Code: ETC339208 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Indonesia pimento extract market, the import trend showed a notable growth rate of 34.16% from 2023 to 2024, contrasting with a compound annual growth rate (CAGR) of -7.8% from 2020 to 2024. This shift could be attributed to evolving consumer preferences or changes in trade policies affecting market dynamics.
The pimento extract market in Indonesia has been estimated to be worth around USD 1.6 million and is expected to increase to around USD 2.2 million, growing at a CAGR of 7%. The main driver behind this growth is the rising demand for natural ingredients such as pimento extract due to its numerous health benefits, which are gaining popularity amongst consumers globally including those living in Indonesia.
The Indonesia pimento extract market is witnessing a favorable outlook driven by the growing demand for natural flavoring and medicinal ingredients. Pimento, also known as allspice, is valued for its unique flavor profile and potential health benefits. The food and beverage industry`s shift towards natural and clean-label ingredients is boosting the adoption of pimento extract as a flavor enhancer. Additionally, the pharmaceutical and cosmetics sectors are exploring the use of pimento extract for its antioxidant and anti-inflammatory properties. With consumers seeking authentic and holistic products, pimento extract is anticipated to experience steady demand and integration into various applications.
Pimento extract, derived from allspice berries, is utilized in various industries including food, cosmetics, and pharmaceuticals. The market`s outlook is influenced by the demand for natural ingredients in these sectors. While there are opportunities for growth, challenges like sourcing sustainable pimento berries, maintaining consistent extract quality, and meeting safety regulations can affect market expansion.
The Indonesia pimento extract market has shown promising growth due to the rising demand for natural flavors and medicinal compounds. Pimento extract, derived from allspice berries, is valued for its aromatic and therapeutic properties. The pandemic-induced shifts in consumer preferences towards immunity-boosting ingredients have positively impacted the pimento extract market. However, supply chain disruptions during the COVID-19 crisis have influenced the sourcing and availability of this extract.
The Indonesia pimento extract market is projected to see moderate growth, driven by the demand for natural flavors and health-promoting properties of pimento (also known as allspice). Pimento extract is used in various food and beverage applications. Key players in this market may include Symrise AG, Givaudan SA, Firmenich SA, International Flavors & Fragrances Inc. (IFF), and Takasago International Corporation.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Pimento Extract Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Pimento Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Pimento Extract Market - Industry Life Cycle |
3.4 Indonesia Pimento Extract Market - Porter's Five Forces |
3.5 Indonesia Pimento Extract Market Revenues & Volume Share, By Organic, 2021 & 2031F |
3.6 Indonesia Pimento Extract Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Indonesia Pimento Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Indonesia Pimento Extract Market Revenues & Volume Share, By End use, 2021 & 2031F |
3.9 Indonesia Pimento Extract Market Revenues & Volume Share, By Distribution, 2021 & 2031F |
4 Indonesia Pimento Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer awareness about the health benefits of pimento extract |
4.2.2 Increasing demand for natural and organic ingredients in food and beverage products |
4.2.3 Rise in research and development activities for exploring new applications of pimento extract |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices affecting production costs |
4.3.2 Lack of standardized regulations for pimento extract quality and labeling |
4.3.3 Limited availability of pimento extract due to seasonal variations in production |
5 Indonesia Pimento Extract Market Trends |
6 Indonesia Pimento Extract Market, By Types |
6.1 Indonesia Pimento Extract Market, By Organic |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Pimento Extract Market Revenues & Volume, By Organic, 2021-2031F |
6.1.3 Indonesia Pimento Extract Market Revenues & Volume, By Organic, 2021-2031F |
6.1.4 Indonesia Pimento Extract Market Revenues & Volume, By Conventional, 2021-2031F |
6.2 Indonesia Pimento Extract Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Pimento Extract Market Revenues & Volume, By Powder, 2021-2031F |
6.2.3 Indonesia Pimento Extract Market Revenues & Volume, By Liquid, 2021-2031F |
6.3 Indonesia Pimento Extract Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Pimento Extract Market Revenues & Volume, By Food & Beverages Industry, 2021-2031F |
6.3.3 Indonesia Pimento Extract Market Revenues & Volume, By Pharmaceutical Industry, 2021-2031F |
6.3.4 Indonesia Pimento Extract Market Revenues & Volume, By Cosmetic Industry, 2021-2031F |
6.4 Indonesia Pimento Extract Market, By End use |
6.4.1 Overview and Analysis |
6.4.2 Indonesia Pimento Extract Market Revenues & Volume, By Retail, 2021-2031F |
6.4.3 Indonesia Pimento Extract Market Revenues & Volume, By Industrial, 2021-2031F |
6.5 Indonesia Pimento Extract Market, By Distribution |
6.5.1 Overview and Analysis |
6.5.2 Indonesia Pimento Extract Market Revenues & Volume, By Direct, 2021-2031F |
6.5.3 Indonesia Pimento Extract Market Revenues & Volume, By Indirect, 2021-2031F |
7 Indonesia Pimento Extract Market Import-Export Trade Statistics |
7.1 Indonesia Pimento Extract Market Export to Major Countries |
7.2 Indonesia Pimento Extract Market Imports from Major Countries |
8 Indonesia Pimento Extract Market Key Performance Indicators |
8.1 Percentage of food and beverage products in Indonesia incorporating pimento extract |
8.2 Number of research studies published on the health benefits of pimento extract |
8.3 Ratio of pimento extract production to total spice extracts production in Indonesia |
9 Indonesia Pimento Extract Market - Opportunity Assessment |
9.1 Indonesia Pimento Extract Market Opportunity Assessment, By Organic, 2021 & 2031F |
9.2 Indonesia Pimento Extract Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Indonesia Pimento Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Indonesia Pimento Extract Market Opportunity Assessment, By End use, 2021 & 2031F |
9.5 Indonesia Pimento Extract Market Opportunity Assessment, By Distribution, 2021 & 2031F |
10 Indonesia Pimento Extract Market - Competitive Landscape |
10.1 Indonesia Pimento Extract Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Pimento Extract Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |