IMARC Group has recently released a new research study titled “Black Pepper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
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. Black pepper is a spice that comes from the fruit of the black pepper plant. It is one of the most widely used and traded spices in the world, valued for its pungent flavor and aroma. Black pepper is often used in cooking, both as a seasoning and a garnish, and is also used in traditional medicine for its health benefits. It is believed to aid digestion, improve respiratory function, and have anti-inflammatory properties. Black pepper can be found in various forms, including whole peppercorns, ground pepper, and as essential oil.
Market Trends and Drivers:
The increasing usage of black pepper in the food and beverage (F&B) industry, especially in processed foods, such as snacks, meat products, and sauces, represents a significant factor driving the black pepper market growth across the globe. In line with this, the rising demand for spices, including black pepper is contributing to the growth of the market. The market is also driven by the expansion of the retail sector, including supermarkets, hypermarkets, and specialty food stores, coupled with the increasing popularity of natural and organic products across the globe. In addition to this, the rising popularity of ethnic cuisines, increasing disposable incomes, and the rising interest in healthy and natural ingredients are some of the other factors creating a positive outlook for the market.
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://www.imarcgroup.com/black-pepper-market
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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