Global Black Pepper Market - 2021-2028

Global Black Pepper Market - 2021-2028

Market Overview

Black pepper, often known as ground black peppercorn, is a popular ingredient in the culinary world. It is an aromatic, hot-tasting powder spice made from the pepper plant's unripe drupes. Black pepper oil, spirit, and spice are obtained by cooking, cleaning, and drying the drupes. The spirit is used to make medical and cosmetic items, while the oil is utilized to make Ayurveda supplements, and the spice is used in cooking. It's also high in vitamin C and A and carotenes, flavonoids, and other antioxidants to help with neuralgia, scabies, stomach infections, bronchitis, and vitiligo. There has been a rise in consumer health consciousness and understanding of the benefits of black pepper, leading to its inclusion in the daily diet. Other factors projected to fuel market expansion include increased production of essential oils, black pepper sprays, and perfumes. The global black pepper market is valued USD XX million in 2020 and is forecasted to reach USD XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028)

Market Dynamics:

Increasing consumption of ready-to-eat, fried, and processed food items represent one of the factors driving the global black pepper market

The market's expansion is being fueled by a flourishing food and beverage industry around the world. Increased consumption of bakery and confectionery products, as well as ready-to-eat and fried foods, has boosted product demand dramatically. Garlic bread, pastries, and chocolates are just a few of the important products that incorporate black pepper to add taste. The trend of using natural flavor enhancers in food has also fueled industry expansion. Additionally, the cosmetics industry's expansion is having a good impact on the black pepper market. It is widely utilized in the manufacture of skin care products due to its antibacterial and antioxidant characteristics. Furthermore, there has been a rise in consumer health consciousness and understanding of the benefits of black pepper, leading to its inclusion in the daily diet. Smokers use black pepper oil to help them quit smoking because it helps them manage their nicotine cravings.

Market Segmentation:

The organic segment is anticipated to show significant growth over the forecast period.

The organic segment is expected to be the fastest-growing market during the projected period, with a CAGR of XX %. The growing awareness of health issues globally is a major factor boosting demand for organic products. Consumers are becoming more concerned about nutritional content and quality, which has resulted in rising demand. Furthermore, due to strong economic growth, urbanization, and rising income levels, consumer expenditure on health and wellness items has expanded dramatically.

Based on application, the personal care industry’s expansion has positively impacted the black pepper market. It is widely utilized in skincare products due to its antibacterial and antioxidant characteristics. The pharmaceutical industry is expected to increase at the fastest rate, over the projected period. Increasing awareness of health benefits is a key element driving the industry. Black pepper, for example, has anti-inflammatory properties and improves blood sugar level. Because of their anti-cancer properties, black pepper beans are employed in various treatments and functional foods, which is projected to drive demand for these beans over the forecast period.

Geographical Penetration:

Asia Pacific is expected to dominate the global black pepper market in the year 2020

Due to the high consumption and usage of the global black pepper market, Asia-Pacific was the largest market in 2020, with XX percent. The largest producers of black pepper, which is widely used for flavoring and as a spice, are Vietnam, Indonesia, and India. The black pepper fruit is produced by a woody vine known as the pepper plant. The fruit is harvested and dried in little dark brown to blackberries. The fruit is known as a peppercorn once it has dried. The plant is native to India's southern area and thrives in tropical temperatures. Black pepper has been known as a useful spice since ancient times, and it moved from India to the rest of the world through trade. Vietnam is the world's leading producer of black pepper, generating 163,000 tons, or nearly 34% of global output. The plant is a traditional cash crop, with 95 percent of the black pepper produced going to the United States, India, the Netherlands, and Germany for export. With 89,000 tons produced, Indonesia is the second-highest producer, followed by India with 53,000 tons. Kerala, Karnataka, Konkan, and Tamil Nadu are the top producers of black pepper in India. According to the world atlas, Brazil (42,000 tons) and China are the other countries on the list.

Competitive Landscape:

The global black pepper market is fragmented, and the global players are competing intensely with local and regional players and private labels. Some of the key players operating in the global market are Baria Pepper, Everest Spices, and Catch, Brazil Trade Business. And Vietnam spice company, among others. To boost their market share, strategic acquisitions by large players will have a significant impact on the global black pepper market's growth. To expand their product line, large corporations in the black pepper sector are focusing on mergers and acquisitions. For example, McCormick & Firm has purchased 100% of the shares of Botanical Food Company, a privately held Australian company that manufactures and sells Gourmet Garden packaged herbs.

COVID-19 Impact: Positive impact on the global black pepper market

There has been increasing demand for black pepper during the pandemic, as in-house consumption of product increased due to lockdowns across various countries. Moreover, various studies showed that consumption of black pepper reduces the risk of covid. For instance, a study conducted by researchers from the Indian Institute of Technology (ISM) in Dhanbad has found that piperine, which is commonly present in black pepper, can bind and inhibit the coronavirus. They selected 30 molecules present in common kitchen spices and explored their role as a therapeutic agent. Out of these, Piperine, an alkaloid present in pepper and responsible for its pungency, emerged as a strong deterrant of the virus proteins. On the other hand, the demand for black pepper in HoReCa sectors declined, as many restaurants remained closed due to the pandemic.

Why Purchase the Report?
Understand the current market scenario and viability of global black pepper market over the forecast period
Visualize the composition of the global black pepper market in terms of product, source, form, distribution channel and application to identify major players, growth potential, and market strategies
Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Excel data sheet with valuable data points of the global black pepper market – Regional and Country level segmentation
Product mapping in excel for the key products of all major market players
Market share analysis covering business revenues ($) and revenue share (%) of key market players

The global black pepper market report would provide an access to approximately 45 market data tables, 45 figures and 180 pages

Target Audience:
Food Service Industry
Personal Care Companies
Industry Investors
Education & Research Institutes
Research Professionals