Black pepper, known as the 'king of spices', is the most well-known and most-used spice in Europe. Opportunities for new developing country suppliers can be found in large markets such as Germany, the United Kingdom, France, Poland, the Netherlands and Italy. Emerging black pepper suppliers can gain a competitive advantage by offering high-quality, safe and sustainable products. New suppliers must be able to compete with the offer from Vietnam, Brazil, Indonesia and India, by offering either competitive export prices or unique and high-quality products.

The growing popularity of Asian, North African and Middle Eastern cuisines, including spice mixes, sauces and condiments like curry sauces, is driving the demand for cumin seeds in Europe. Cumin seeds are also used as an ingredient in products like cheese. Large importing and consuming markets, such as the United Kingdom and the Netherlands, offer opportunities. Offering high-quality, safe and sustainable products can provide a competitive advantage. New suppliers must be able to compete with established suppliers from India, Syria and Turkey.

Europeans increasingly rely on software and systems that are connected to the internet. This makes their data and systems vulnerable to cyber attacks. And no matter where a cyber threat comes from, it has the potential to be devastating to companies, their employees and their customers. This is why the European market for cyber security is very large and growing fast.

The European retail sector increasingly relies on technology. According to research by McKinsey, about 52% of the work in retail can be automated with current technology. This means that there is great potential for retail tech in general. The COVID-19 pandemic only accelerated this trend, making most European retailers interested in adopting at least one type of retail tech solution.

The European market for finance and accounting services is large, stable and growing. The biggest challenges for you as an outsourcing company are increasing automation and extra requirements in terms of security and corporate sustainability. However, there are good opportunities if you know how to use technological inventions and/or can offer added value through your services.