Overview and Scope
Black pepper refers to a savory and aromatic spice derived from the berries of the plant species Piper nigrum and used in culinary applications to add flavor and spice to various dishes. It is a versatile spice used in both savory and sweet dishes, including soups, sauces, marinades, meat dishes, vegetables, and even desserts, to enhance the flavor and aroma of various dishes.
Sizing and Forecast
The black pepper market size has grown strongly in recent years. It will grow from $3.61 billion in 2023 to $3.86 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to culinary uses and flavor enhancement, traditional medicine and health benefits, globalization of food culture, growing popularity of ready-to-eat and convenience foods, increasing consumer awareness of natural ingredients.
The black pepper market size is expected to see strong growth in the next few years. It will grow to $4.9 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rising interest in ethnic and exotic cuisines, health and wellness trends driving functional foods, exploration of black pepper in non-food applications, global expansion of foodservice and restaurant chains, sustainable and ethical sourcing practices. Major trends in the forecast period include product innovations, traceability and transparency in the supply chain, culinary exploration and ethnic flavor preferences, focus on sustainable and ethical sourcing, health and wellness positioning in marketing.
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Segmentation & Regional Insights
The black pepper market covered in this report 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 Pepper
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 2023. The regions covered in the black pepper market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing penetration of the fast-food industry is expected to propel the growth of the black pepper market going forward. The fast-food industry refers to a segment of the food service sector that focuses on providing quick and convenient meals to customers. Black pepper is a commonly used spice in the fast-food industry for adding to various menu items to enhance flavor and give a spicy kick, versatile spice, a strong flavor, and a natural preservative, which makes fast food tastier. For instance, in October 2022, according to the reports shared by Visual Capitalist., a US-based online publishing company, the US Fast food business’s worth was $331.4 billion in 2022. Furthermore, in 2023, according to Budget Branders, a US-based restaurant products supply company, in the US, people will spend $200 billion on fast food annually, or 2.2% of US people’s fast-food consumption, and 50 million Americans will eat fast food daily. Moreover, the fast-food industry is expected to reach $931.7 Billion in 2027. Therefore, the growing penetration of the fast-food industry is driving the growth of the black pepper market.
Key Industry Players
Major companies operating in the black pepper market report are Olam International Limited, Ajinomoto Co. Inc., Givaudan SA, Sinochem Hebei Corporation, doTERRA International LLC, Catch Group, Robertet SA, Synthite Industries Private Ltd., Everest Food Products Pvt Ltd., DS Group, Jabs International Pvt. Ltd., Mahashian Di Hatti Private Limited, British Pepper And Spice Co Ltd., Webb James S.r.l., Visimex Corporation, Kancor North America Inc., Gupta Trading Company, McCormick And Company Inc., Pacific Production Services Inc., Baria Pepper Co Ltd., Aromaaz International Private Limited, Indian Valley Foods Pvt Ltd., S&S Flavors Inc., American Spice Trading Co., Agrospice Brasil, DM Agro Products Private Limited.
The black pepper market report table of contents includes:
- Executive Summary
- Black Pepper Market Characteristics
- Black Pepper Market Trends And Strategies
- Black Pepper Market – Macro Economic Scenario
- Global Black Pepper Market Size and Growth
- Black Pepper Market Segmentation
- Black Pepper Market Regional And Country Analysis
………………
- Key Mergers And Acquisitions In The Black Pepper Market
- Black Pepper Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Black Pepper Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Black Pepper Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Black Pepper Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………..
Table 76: Olam International Limited Financial Performance
Table 77: Ajinomoto Co. Inc. Financial Performance
Table 78: Givaudan SA Financial Performance
Table 79: Sinochem Hebei Corporation Financial Performance
Table 80: doTERRA International LLC Financial Performance
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