Black Pepper Market Report, Global Size, Growth, Business Opportunities and Industry Analysis 2023-2028

The latest report published by IMARC Group, titled "Black Pepper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

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:

• Base Year of the Analysis: 2022
• Historical Period: 2017-2022
• Forecast Period: 2023-2028

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/black-pepper-market/requestsample

Black Pepper Market Trends:

The expanding food and beverage (F&B) industry and the widespread adoption of bakery and confectionery products are primarily driving the black pepper market. Additionally, the escalating demand for ready-to-eat and fried food items is further catalyzing the market growth. Besides this, the increasing utilization of black pepper in garlic bread, cakes, chocolates, etc., to give them a distinctive flavor and the growing manufacturing of essential oils are acting as significant growth-inducing factors. Moreover, the rising consumer awareness towards the benefits of consuming black pepper and easy product availability across the online as well as offline retail channels are positively influencing the global market. Apart from this, the introduction of innovative packaging solutions that enable users to freshly grind peppercorns in a convenient manner is anticipated to fuel the black pepper market over the forecasted period.

Industry Definition and Application:

Black pepper, also called ground black peppercorn, represents a highly consumed commodity that is widely used as an ingredient in the culinary world. It is a pungent and hot-tasting powder spice that is produced from the unripe drupes of the pepper plant. The drupes are cleaned, cooked, and dried, via which black pepper oil, spirit, and spice are obtained. In line with this, it is rich in carotenes, vitamins A and C, flavonoids, and other antioxidants that are extensively utilized to cure neuralgia, scabies, stomach infections, bronchitis, vitiligo, etc. Black pepper assists in regulating digestion, maintaining blood sugar levels, lowering cholesterol levels, etc. It is also characterized by anti-inflammatory, antioxidant, and antimicrobial properties.

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

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=1487&flag=C

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

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.

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This release was published on openPR.