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. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
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.
Year Considered to Estimate the Market Size:
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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Black Pepper Market Trends:
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 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.
Black Pepper Market 2023-2028 Competitive Analysis and Segmentation:
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:
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:
Breakup by Source:
Breakup by Form:
Breakup by Distribution Channel:
Breakup by Application:
Breakup by Region:
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Key Highlights of the Report:
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