Global Black Pepper Market to Reach US$ 6.4 Billion by 2032, Augmented by the Burgeoning Food and Beverage (F&B) Industry

March 24, 2023 | Retail

According to the latest report by IMARC Group, titled "Black Pepper Market Report by Product (Brazilian Black Pepper, Lampang Black Pepper, Malabar Black Pepper, Sarawak Black Pepper, Talamanca Black Pepper, Tellicherry Black Pepper, Vietnamese Black Pepper), Source (Organic, Inorganic), Form (Ground Black Pepper, Rough Cracked Black Pepper, Whole Black Pepper), Distribution Channel (Offline, Online), Application (Food and Beverages, Pharmaceuticals, Personal Care, and Others), and Country 2024-2032," the global black pepper market size reached US$ 4.3 Billion in 2023. Black pepper is a spice made from the dried fruit of the piper nigrum plant. It is a highly consumed commodity used as an ingredient in the culinary world. It contains vitamins, antioxidants, flavonoids, carotenes, and other essential nutrients. It offers anti-inflammatory and antimicrobial properties, which aid in lowering cholesterol levels, improving digestion, maintaining blood sugar levels, and treating the symptoms of neuralgia, scabies, stomach infections, bronchitis, and vitiligo. At present, the emerging trend of innovative dishes with regional flavors is driving the demand for black pepper across the globe.

Global Black Pepper Market Trends:

Black pepper is used for enhancing the quality, aroma, flavor, and texture of various food products and beverages, such as stews, soups, sauces, marinades, fish, meat, chips, popcorn, salad, nuts, bread, and tea. This, coupled with the burgeoning food and beverage (F&B) industry, represents one of the major factors augmenting the market growth around the world. Moreover, increasing number of cafes, hotels, and restaurants is resulting in the rising utilization of table black pepper to enhance the experience of the consumer. In addition, the surging prevalence of chronic health conditions and the growing preferences of individuals towards natural remedies to treat illnesses and aches is influencing the market positively. Apart from this, black pepper finds application in the skincare and cosmetic products like toner, cleansers, shampoos, conditioners, face masks, perfumes, and colognes. This, along with increasing sales of premium skincare and cosmetic products on account of numerous advantages of black pepper, including promoting healthy skin, improving hair growth, and enhancing overall health, is favoring the growth of the market. Furthermore, the growing use of black pepper in the production of essential oils is creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 6.4 Billion by 2032, exhibiting a CAGR of 4.2% during 2024-2032.

Market Summary:

On the basis of the product, the market has been segmented into Brazilian, Lampang, Malabar, Sarawak, Talamanca, Tellicherry, and Vietnamese black pepper.
Based on the source, the market has been bifurcated into organic and inorganic. Presently, organic holds the largest market share.
On the basis of the form, the market has been categorized into ground, rough cracked, and whole black pepper. Ground black pepper currently accounted for the biggest market share.
Based on the distribution channel, the market has been segregated into offline and online.
On the basis of the application, the market has been classified into food and beverages, pharmaceuticals, personal care, and others. Food and beverages currently represented the biggest market segment.
Based on the region, the market has been divided into Vietnam, Indonesia, India, Brazil, Malaysia, and others. Amongst these, Vietnam enjoys the leading position in the market.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the 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, and Pacific Production.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Product, Source, Form, Distribution Channel, Application, Country
Countries Covered	Vietnam, Indonesia, India, Brazil, Malaysia, Others
Companies Covered	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 and Pacific Production
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Black Pepper Market to Reach US$ 6.4 Billion by 2032, Augmented by the Burgeoning Food and Beverage (F&B) Industry

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