The Black Pepper Global Market Report 2023, provides comprehensive information on the black pepper market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Black Pepper Global Market Report 2023, the market is expected to grow from $3.36 billion in 2022 to $3.61 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The black pepper market is expected to reach $4.59 billion in 2027 at a CAGR of 6.2%.
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The development of next-generation black pepper extracts is a key trend gaining popularity in the black pepper market. Major companies operating in the black pepper market are developing innovative, advanced black pepper extraction methods to sustain their position in the market. For instance, in March 2023, Natural Innovations Group, an Australia-based biotechnology company, developed PhytoCann BP, a next-generation black pepper extract enhanced with terpenes and other compounds. This makes it a more effective carrier for other ingredients, such as CBD and THC. It is made from black pepper grown in the mountains of Sulawesi, Indonesia. The pepper is extracted using a proprietary process that preserves the beneficial compounds in the pepper. The extract is then titrated with phytocannabinoids and other terpenes to create a product demonstrating cannabinoid activity. Additionally, it has provided such benefits as improved absorption of nutrients, enhanced cognitive function, reduced inflammation, improved sleep quality, and increased energy levels.
The black pepper market is segmented:
1) By Product: Brazilian Black Pepper, Lampang Black Pepper, Malabar Black Pepper, Sarawak Black Pepper, Talamanca Black Pepper, Tellicherry Black Pepper, Vietnamese Black Peppe
2) By Source: Organic, Inorganic
3) By Form: Ground Black Pepper, Rough Cracked Black Pepper, Whole Black Pepper
4) By Distribution Channel: Direct Sales, Supermarket, Convenience Stores, Specialty Store, E-Commerce, Other Distribution Channels
5) By End-Use: Pharmaceuticals, Food And Beverages, Personal Care, Other End Uses
Asia-Pacific was the largest region in the black pepper market in 2022.
The table of contents in TBRC’s black pepper market report includes:
1. Executive Summary
2. Black Pepper Market Characteristics
3. Black Pepper Market Trends And Strategies
4. Black Pepper Market – Macro Economic Scenario
5. Impact Of High Inflation On Online Therapy Services Market
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32. Global Black Pepper Market Competitive Benchmarking
33. Global Black Pepper Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Black Pepper Market
35. Black Pepper Market Future Outlook and Potential Analysis
36. Appendix
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