CAGR: 6.7% Current Market Size: USD 4.09 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2022-2029Base Year: 2021
The global black pepper market is expected to grow from USD 4.09 billion in 2021 to USD 6.87 billion by 2029, at a CAGR of 6.7% during the Projection period 2022-2029. The growth of this market is mainly driven by growing consumer expenditure on healthcare and the flourishing pharmaceutical sector.
Black pepper, sometimes referred to as a peppercorn, is a sort of spice that originates from fruit to the Piperaceae family's flowering wine. It is grown in tropical areas and is indigenous to southern India. The biggest exporter of black pepper in Vietnam. It is the most widely sold spice worldwide and is frequently used in flavouring various foods with salt. Black pepper is rich in antioxidants, including vitamin A, vitamin C, carotenes, flavonoids, and many more that fight free radicals and prevent cancer development. It is also used to promote metabolism, enhance skin health, treat coughs and colds, and improve digestion. Weight loss, asthma, nasal congestion, diarrhoea, and constipation are all helped by black pepper. Along with reducing the risk of skin cancer and stimulating the production of melanocytes, it also eases the symptoms of vitiligo. In the near future, it is anticipated that growing usage of black pepper in cosmetics and medical treatments would spur market expansion globally. One of the main factors propelling growth of the global black pepper market is rising demand for black pepper in the culinary industry. The demand for black pepper is rising as a consequence of the expanding usage of the spice in baked goods, fried meals, ready-to-eat dishes, and as a condiment. Another aspect driving the expansion of the worldwide industry is customers' growing desire for natural flavourings.
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Market Dynamics:
Drivers:
The expansion of the world market for black pepper is anticipated to be influenced by the rising demand for natural and healthy products. In order to increase the absorption of essential minerals and nutrients like vitamin, potassium, and zinc, more black pepper will likely be used as a dietary supplement.
Restraints:
Players in the spice market are looking for alternative strategies to make up for the revenue shortfall caused by the price reduction. There is a chance that fast food firms will step forward, which would certainly open fresh potential soon. Moreover, given that black pepper is widely used in skin care formulations, the market is projected to experience sizable streams of demand from cosmetic producers. The market for black pepper is also growing as consumers in developing countries like India and other Asian countries become more inclined to consume it as a food that promotes health.
Opportunities:
The demand for organic black pepper has been spurred by rising consumer knowledge of and worries about synthetic component additions. Additionally, the market value of black pepper is boosted by the rising demand for clean label products and food fortification with a provitamin A source in processing industries like food and beverage.
Challenges:
Due to mandated lockdowns and limitations by the relevant regulating authorities, the activities of several industries have either temporarily ceased or are operating with small personnel. Like other markets, the worldwide black pepper market is expected to experience a major decline in revenue growth due to this issue.
Segmentation Analysis:
The global black pepper market has been segmented based on product, source, end use and Regions.
By Product
The product segment includes Brazilian Black Pepper, Lampang Black Pepper, Sarawak Black Pepper, Vietnamese Black Pepper, India Black Pepper and Others. The India black pepper segment led the largest share of the black pepper market with a market share of around 0.8% in 2021. Due to its strong medical and therapeutic effects. It is frequently used in many forms of alternative medicine known as Ayurveda, especially to treat menstruation, throat, ear, and nasal issues. Because it is high in vitamin A and other minerals, Indian black pepper also helps to strengthen the immune system and gives people good vision. Its outstanding anti-inflammatory qualities aid in reducing eye and other body part swelling.
By Source
The source segment includes Organic and Inorganic. The Organic segment led the Black Pepper market with a market share of around 2.4% in 2021. It is nutrient-rich and helps with digestion. One of the key factors influencing the market's expansion is the "adopt organic" trend. The linked advantages of organic goods, such as their superior, quicker healing abilities and lack of chemicals, are fostering global market expansion. These organic goods are also produced using the sterilising procedure rather than fumigation or radiation.
By End use
The end use segment includes Food & Beverages, Pharmaceuticals and Cosmetics. The Cosmetics segment led the Black Pepper market with a market share of around 38.08% in 2021. This market's expansion is attributable to consumers' increased demand for high-quality Black Pepper, the introduction of new premium implants by significant market participants, consumers' rising disposable income, and consumers' growing knowledge of premium Black Pepper. Due to its numerous skin health advantages, black pepper is expected to increase demand from makers of skin care products, which is predicted to be the fastest expanding market category. Because of the product's advantages for wound healing, anti-inflammatory characteristics, and antibacterial capabilities, it is often used in skin care products.
Global Black Pepper Market- Sales Analysis
The sale of black pepper types expanded at a CAGR of 5.2% from 2015 to 2021.
It is predicted that rising consumer desire for natural and healthy products would contribute to the market expansion for black pepper. Black pepper's demand is expected to increase as more people use dietary supplements since it aids in the absorption of important minerals and nutrients including potassium, vitamin, and zinc.
Additionally, black pepper causes the stomach to create hydrochloric acid, which helps to clear the intestines and prevents constipation as well as helps to treat the common cold. Black pepper is also used to stop wrinkles from forming and to battle skin distortion and exfoliation. Dandruff is removed using it, and it also makes hair smooth and lustrous and encourages hair growth.
The demand for products containing organic black pepper has increased as a result of heightened consumer knowledge and worry about synthetic chemical additions. Additionally, the market value of black pepper should be boosted by the rising demand for clean label products and food fortification with a provitamin A source in processing sectors like food and beverage. Due of its strong and distinct flavour, black pepper is frequently used as an ingredient in homes, restaurants, hotels, and other establishments.
Thus, owing to the aforementioned factors, the global black pepper market is expected to grow at a CAGR of 6.7% during the Projection period from 2022 to 2029.
By Regional Analysis:
The regions analysed for the black pepper market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the Black Pepper market and held a 39% share of the market revenue in 2021.
Global Black Pepper Market- Country Analysis:
Germany Black Pepper market size was valued at USD 0.06 billion in 2021 and is expected to reach USD 0.09 billion by 2029, at a CAGR of 5.5% from 2022 to 2029. The market in this country is expected to be driven by the growing demand for confectionery, bakery goods, and septic black pepper use in cosmetics.
China’s Black Pepper market size was valued at USD 0.088 billion in 2021 and is expected to reach USD 0.14 billion by 2029, at a CAGR of 6.3% from 2022 to 2029. Growing consumer knowledge of the benefits of leading a healthy lifestyle is encouraging people to switch to Ayurveda and healthy spices. It is well known that black pepper has significant anti-inflammatory qualities and helps to regulate blood sugar.
India's Black Pepper market size was valued at USD 0.084 billion in 2021 and is expected to reach USD 0.13 billion by 2029, at a CAGR of 6% from 2022 to 2029. Growing demand for dietary supplements and an ageing population are driving the global market expansion. Since organic black pepper encourages improved absorption of nutrients like selenium, calcium, and other helpful compounds for plants, demand for it has increased significantly on the market.
Key Industry Players Analysis:
To increase their market position in the global black pepper business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, type developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2021-2029 |
Base year |
2021 |
CAGR (%) |
6.7% |
Market Size |
4.09 billion in 2021 |
Projection period |
2022-2029 |
Projection unit |
Value (USD) |
Segments covered |
By Product, By Source, By End Use, And By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
BARIA PEPPER, The British Pepper & Spice Company Limited, The Dharampal Satyapal Group (Catch Foods), Everest Spices, McCormick & Company, Mahashian De Hatti Limited, AGRIFOOD PACIFIC COMPANY, Akar Indo Lestari, Gupta Trading Company, Pacific Production Co., Ltd. among others. |
By Product |
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By Source |
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By End Use |
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Regional scope |
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Scope of the Report
Global Black Pepper Market by Product:
Global Black Pepper Market by Source:
Global Black Pepper Market by End use:
Global Black Pepper Market by Region:
The global Black Pepper market is expected to grow with a 6.7% CAGR during the Projection period.
The North American Black Pepper market was projected to gain a global market share of 39% in 2021.
The source segment includes organic and inorganic.
Global Black Pepper market’s size in 2021 was USD 4.09 billion.
Black pepper is frequently used in skin care products because of its antiseptic and antioxidant properties. This increased the demand for black pepper.
Political Analysis- Political consideration is an essential factor that affects the market as it determines the company's long-term viability. Governments can levy taxes and impose trade restrictions throughout the year, and these actions may have an impact on the general economic climate. Strong international exposure makes black pepper more susceptible to political, structural, and systemic concerns. Business organisations need political stability because it affects investor and customer trust, significantly impacting the economy. Political unrest has detrimental effects on consumer spending, company investment, and economic expansion.
Economic Analysis- High financial market efficiency facilitates capital accumulation and the production of goods and services by sharing a strong positive relationship with overall economic growth. Therefore, to efficiently amass financial and human capital, Black pepper must select nations with highly efficient financial markets. Black pepper can successfully stay one step ahead of the competition by monitoring the efficiency of the financial market. The declining purchasing power of money and the deterring effect it has on customer spending on products and services can both hurt the revenue growth of Black pepper in the international market.
Social Analysis- Consumption patterns and economic issues are closely related. Black pepper has exciting growth opportunities when consumers have more disposable income and are willing to spend more on goods and services to improve their lifestyle. This is because it is simpler to introduce new products and services to these customers, and revenue growth chances are also higher. Black pepper must carefully examine modern consumers' tastes in order to modify the marketing mix methods in light of the increasingly demanding nature of today's consumers. Two positive demographic markers for black pepper's continued success are the high rate of population increase and the rising proportion of the youthful population segment.
Technological Analysis- Technological innovation's pace and progress can impact the market and industry as a whole. By researching the rising technical innovation trends, black pepper will be able to comprehend the rate of new product creation, the length of the product life cycle, and the unique features that consumers value the most. Black pepper can benefit from researching consumers' opinions toward cutting-edge digital technology to see whether switching to e-commerce will be more advantageous than establishing a physical location.
Environmental Analysis- Businesses are under pressure to minimize environmental harm due to strict environmental legislation in many countries. Black pepper should adopt responsible production practises in response, promote responsible consumption among its target market, improve its brand's reputation on sustainability grounds, and ensure full compliance with local and international environmental regulations because failure to do so may result in serious, reputation-damaging criticism from relevant stakeholders.The development of renewable technology to lessen reliance on natural resources has become a strong trend in many industries. Weather conditions must be considered because they can significantly impact operating costs, personnel productivity, and efficiency. The weather also influences consumer behaviour; therefore, Black pepper must incorporate flexibility within its supply chain management.
Legal Analysis- Employment law is known as a broad category of laws protecting employees' rights, including those to a fair salary, equality, equity, inclusion, fairness, and their physical and mental safety. While some nations lack efficient enforcement of employment laws, others have harsh penalties for violating any of the specified rights of employees. Black pepper market players should assure workplace security when entering or conducting business in such nations. Appropriate systems must be in place to prevent both direct and indirect discrimination. Black pepper may build its employer brand image by effectively adhering to the law, which is crucial for luring and maintaining top personnel in the market during the continuous competition for talent.
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