Black Pepper Market: Global Industry Analysis Trends, and Forecast 2023-2029

Black Pepper Market size was valued at US$ 1.94 Bn. in 2022 and the total revenue is expected to grow at 6.17 % through 2023 to 2029, reaching nearly US$ 2.95 Bn.
Black Pepper Market Overview:
Crushed black peppercorn, often known as black pepper, is a popular cooking ingredient. It's a spicy, pungent powder spice made from the pepper plant's unripe drupes. Black pepper oil, spirit, and spice are extracted from drupes that have been boiled, cleaned, and dried. The spirit is utilised in medicinal and cosmetic items, the oil is used in ayurvedic supplement manufacturing, and the spice is used in cooking. It also contains antioxidants such as vitamin A and C, carotenes, flavonoids, and other antioxidants that are used to treat neuralgia, scabies, stomach infections, bronchitis, and vitiligo.

The fresh crop of black pepper is anticipated to account for about 30% to 35% of the market in the current market environment. Because of the increased demand, the price of black pepper is likely to rise, boosting the profit margins of sellers in this sector more common in people's diets. Smokers use black pepper oil to help them control their nicotine cravings and quit smoking. Increased production of essential oils, black pepper sprays, and perfumes are among the other factors expected to drive market growth.

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The growing strategic acquisitions among major players will have a significant impact on the growth of the global black pepper market. Large companies in the black pepper market are focusing on mergers and acquisitions to increase their product portfolio. For example, McCormick & company bought 100% of Botanical Food Company, a privately held company based in Australia that produces and sells packaged herbs under the Gourmet Garden brand. McCormick acquired the Italian condiment company for US$127 million.
Segment Analysis:
Based on Form, the global market is sub-segmented into Ground Black Pepper, Rough Cracked Black Pepper and Whole Black Pepper. The Whole Black Pepper segment held the largest market share of 47.5% in 2022. Because Vietnam, Indonesia, and India each have their own production and manufacturing centres, demand for whole black pepper is higher in the APAC area. These countries are rapidly developing high-quality black pepper and essential oil. Between 2016 and 2024, the segment is expected to have an absolute dollar potential of more than US$ 1000 million.

Based on Application, the Global Black Pepper Market is sub-segmented into Food & Beverages, Pharmaceuticals, Personal Care and Others. The Food & Beverages segment held large number of share 50% in 2022. An increase in preference for traditional medicines and a wide-scale use in manufacturing medicines and therapies has resulted in a 3.7% increase in consumption of Black Pepper by the Healthcare Sector.

The presence of medicinal properties to cure skin-related issues like rashes and itching has resulted in a 2.7% increase in consumption of Black Pepper by the Cosmetics Industry. Rising preference for plant-based products in the personal care segment has increased the consumption of Black Pepper by the Personal Care Products and Chemical Industry. Different industries use Black Pepper as per need.


Regional Insights:
Asia Pacific dominates the global market during the forecast period 2022-2029. It is observed that Vietnam, India, and Indonesia contribute to more than 50% of the Black Pepper produced in the world. The ever-rising population and growth in the consumption of food products have resulted in a 2.3% increase in the consumption of Black Pepper in this region.

North America held the 2nd largest market share of xx% in 2022. An increase in preference for taste enhancers and the rising trend of traditional medicines and therapies have resulted in a 3.1% increase in the consumption of Black Pepper in this region. The consumption of Black Pepper by the commercial sector in this region has observed a growth of 5.2%.

Europe has observed a growth of 3.9% in the domestic consumption of Black Pepper. An increase in the use of Black Pepper in manufacturing medicines, cosmetics, and personal care products has resulted in an increase of 4.1% in demand by the industrial sector present in this region. South America is showing a growth rate of 3% and is observing a growth in the industrial application of the Black Pepper. The Middle East and Africa’s market act as a trade intermediary between Asia-Pacific and the western world. An increase in domestic consumption and its role as a trade medium for spices has resulted in a 4.1% increase in consumption of Black Pepper.

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Global Black Pepper Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.94 Bn.


Forecast Period 2023 to 2029 CAGR:
6.17%
Market Size in 2029:
US $ 2.95 Bn.


 Segments Covered:
by Form
Ground Black Pepper
Rough Cracked Black Pepper
Whole Black Pepper


by Application
Food & Beverages
Pharmaceuticals
Personal Care
Others


by Distribution Channels
Direct Sales
Supermarket
Convenience Stores
Specialty Store
E-Commerce
Others



Black Pepper Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Black Pepper Market Key Players
1. Baria Pepper
2. McCormick & Company
3. Visimex
4. Ajinomoto Company, Inc.
5. doTERRA International
6. DM Agro
7. DS Group
8. Synthite Industries Ltd.
9. Foodchem International Corporation
10. Webb James SRL
11. Agrifood Pacific
12. Brazil Trade Business
13. Pacific Production
14. Everest Spices
15. Olam International Limited
16. British Pepper & Spice
17. Vietnam Spice Company
18. Catch
19. MDH Pvt. Ltd.
20. Indian Valley Foods Pvt. Ltd.
Frequently Asked Questions:
1] What segments are covered in Black Pepper Market report?
Ans. The segments covered in global Black Pepper Market report are based on Form, Application and Distribution Channels.

2] Which region is expected to hold the highest share in the global Black Pepper Market?
Ans. Asia Pacific is expected to hold the highest share in the global Black Pepper Market.

3] What is the market size of global Black Pepper Market by 2029?
Ans. The market size of global Black Pepper Market by 2029 is US $ 2.95 Bn.

4] Who are the top key players in the global Black Pepper Market?
Ans. Baria Pepper, McCormick & Company, Visimex, Ajinomoto Company, Inc. and doTERRA International are the top key players in the global Black Pepper Market.

5] What was the market size of global Black Pepper Market in 2022?
Ans. The market size of global Black Pepper Market in 2022 was US $ 1.94 Bn.

6] By Application, What segments are covered in global Black Pepper Market report?
Ans. The segments covered in global Black Pepper Market report by application are Food & Beverages, Pharmaceuticals, Personal Care and Others.