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Black Pepper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Market Overview:
The global black pepper market exhibited moderate growth during 2015-2020. Black pepper, also known 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. The drupes are cooked, cleaned and dried through which black pepper oil, spirit and spice is obtained. The spirit is used in medicinal and beauty products, the oil is used to manufacture ayurvedic supplements, and the spice is used for culinary purposes. It is also rich in vitamin A and C, carotenes, flavonoids and other antioxidants which are used to cure neuralgia, scabies, stomach infections, bronchitis and vitiligo. Looking forward, IMARC Group expects the global black pepper market to grow at a CAGR of around 5% during 2021-2026.
A thriving food and beverage industry across the globe is the key factor driving the growth of the market. Increasing consumption of bakery and confectionery products along with ready-to-eat and fried foods has significantly enhanced the product demand. Garlic bread, cakes and chocolates are some of the key products in which black pepper is used to give a distinctive flavor. The trend of adding natural flavor enhancers to food products has also catalyzed the market growth. Additionally, the growth of the cosmetics industry is also positively impacting the black pepper market. Due to its antibacterial and antioxidant properties, it is extensively used in the manufacturing of skin care products. Moreover, there has been an increase in health consciousness and awareness about the benefits of black pepper among consumers, which has led to its incorporation in the daily diet. Black pepper oil is also used by smokers to combat the excessive smoking habit as it aids in managing the nicotine cravings. Other factors such as increasing manufacturing of essential oils, black pepper sprays and fragrances are further expected to drive the market growth.
IMARC Group’s latest report provides a deep insight into the global black pepper market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the black pepper market in any manner.
Key Market Segmentation:
Our report has categorized the market based on product, source, form, distribution channel, application and region.
Report Coverage:
- Historical, Current and Future Market Trends
- Market Breakup by Product:
- Brazilian Black Pepper
- Lampang Black Pepper
- Malabar Black Pepper
- Sarawak Black Pepper
- Talamanca Black Pepper
- Tellicherry Black Pepper
- Vietnamese Black Pepper
- Market Breakup by Source:
- Organic
- Inorganic
- Market Breakup by Form:
- Ground Black Pepper
- Rough Cracked Black Pepper
- Whole Black Pepper
- Market Breakup by Distribution Channel:
- Offline
- Online
- Market Breakup by Application:
- Food and Beverages
- Pharmaceuticals
- Personal Care
- Others
- Market Breakup by Region:
- Vietnam
- Indonesia
- India
- Brazil
- Malaysia
- Others
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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, etc.
Key Questions Answered in This Report:
Key Question Answered in this Report
We expect the global black pepper market to exhibit a CAGR of around 5% during 2021-2026.
Increasing consumption of ready-to-eat, fried, and processed food items represents one of the factors catalyzing the global black pepper market.
Sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of black pepper.
Based on the source, the global black pepper market has been bifurcated into organic and inorganic. Currently, inorganic black pepper holds the majority of the total market share.
Based on the form, the global black pepper market can be segregated into ground black pepper, rough cracked black pepper, and whole black pepper, where ground black pepper currently represents the largest segment.
Based on the distribution channel, the global black pepper market has been categorized into offline and online. Currently, offline channel exhibits a clear dominance in the market.
Based on the application, the global black pepper market can be segmented into food and beverages, pharmaceuticals, personal care, and others. Among these, the food and beverage sector holds the largest market share.
On a regional level, the market has been classified into Vietnam, Indonesia, India, Brazil, Malaysia, and others, where Vietnam currently dominates the global market.
Some of the major players in the global black pepper market 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, etc.
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