According to IMARC Group’s latest report, titled “Black Pepper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global black pepper market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
Report Highlights:
How big is the global black pepper market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 4.1 Billion |
| Market Forecast in 2028 | US$ 5.5 Billion |
| Growth rate (2023 to 2028) | CAGR of 4.3% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
Black pepper, also called as ground black peppercorn, is a highly consumed commodity that is used as an ingredient in the culinary world. It is a pungent, hot-tasting powder spice that is produced from unripe drupes of the pepper plant. Black pepper is also rich in vitamins A and C, carotenes, flavonoids, and other antioxidants, which are utilized to cure neuralgia, scabies, stomach infections, bronchitis, and vitiligo. Consequently, it is extensively used in pharmaceuticals, personal care, and others.
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What are the growth prospects and trends in the black pepper market?
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- Seo
The expanding food and beverage (F&B) sector across the globe is primarily augmenting the black pepper market. Furthermore, the increasing consumption of bakery and confectionery items and ready-to-eat and fried foods among consumers is positively influencing the global market. Apart from this, the escalating demand for the product to give a distinctive flavor in garlic bread, cakes, chocolates, etc., is acting as another significant growth-inducing factor. Moreover, the emerging trend of adding natural flavor enhancers to food items is also bolstering the market growth. Besides this, the growing cosmetics sector is further catalyzing the global market. Additionally, the widespread adoption of black pepper in the manufacturing of skincare items, on account of its antibacterial and antioxidant properties, is also driving the market growth. In addition to this, the rising health consciousness and awareness among the masses about the benefits of the item, which has led to its incorporation into the daily diet, are further fueling the global black pepper market. Furthermore, the elevating demand for the product among smokers to combat the excessive smoking habit, as it aids in managing the nicotine cravings, is expected to drive the black pepper market in the coming years.
Competitive Landscape With Key Players:
The competitive landscape of the black pepper market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Baria Pepper
- McCormick
- Everest Spices
- Olam International Limited
- British Pepper and Spice
- Catch
- MDH
- Vietnam Spice Company
- Agrifood Pacific
- Webb James
- Brazil Trade Business
- Visimex
- Indian Valley Foods Pvt. Ltd.
- DM AGRO
- Pacific Production
Key Market Segmentation:
The report has segmented the global black pepper market based on product, source, form, distribution channel, application and region.
Breakup by Product:
- Brazilian Black Pepper
- Lampang Black Pepper
- Malabar Black Pepper
- Sarawak Black Pepper
- Talamanca Black Pepper
- Tellicherry Black Pepper
- Vietnamese Black Pepper
Breakup by Source:
- Organic
- Inorganic
Breakup by Form:
- Ground Black Pepper
- Rough Cracked Black Pepper
- Whole Black Pepper
Breakup by Distribution Channel:
- Offline
- Online
Breakup by Application:
- Food and Beverages
- Pharmaceuticals
- Personal Care
- Others
Breakup by Region:
- Vietnam
- Indonesia
- India
- Brazil
- Malaysia
- Others
Explore Full Report With TOC & List of Figures: https://bit.ly/44qXfgC
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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