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Black Pepper Market Trends

  • Report ID: GMI5207
  • Published Date: Jul 2024
  • Report Format: PDF

Black Pepper Market Trends

Presently, the black pepper industry is witnessing a surge in the popularity of organically and sustainably sourced pepper. This shift is a direct response to consumers' heightened awareness of environmental and health concerns. According to the United States Department of Agriculture (USDA), the demand for organic products has grown by 12% annually over the past five years. Furthermore, emerging markets are displaying an increasing appetite for pepper. This demand surge is primarily fueled by the sector's expanding culinary applications and the overall growth of the food and beverage industry.
 

Noteworthy advancements in processing and packaging are not only elevating product quality but also extending shelf life. Simultaneously, digital platforms and e-commerce avenues are playing a pivotal role in broadening the market's accessibility. The U.S. Census Bureau reports that e-commerce sales have increased by 14.2% in the last year alone. Moreover, as the exploration of black pepper's health benefits intensifies, it's finding its way into functional foods and dietary supplements, amplifying the market's momentum. The National Institutes of Health (NIH) has highlighted black pepper's potential in improving digestive health and its antioxidant properties.

Authors: Kunal Ahuja, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of black pepper reached USD 2.78 billion in 2023 and will grow at 2.8% CAGR from 2024 to 2032, due to increasing usage in cosmetic products.

The inorganic black pepper industry will record USD 3.26 billion and witness 2.7% CAGR from 2024 to 2032, due to strong need to meeting the demands of large-scale food & beverage industries and international trade.

Asia Pacific market will record 2.5% CAGR between 2024 and 2032, favored by the growing popularity of convenient, processed foods packed with flavor.

Olam International, Kancor Ingredients Ltd, McCormick & Company, Ajinomoto Co., Inc, The British Pepper & Spice Co., Ltd, Mahashian Di Hatti Pvt., Ltd, Webb James Srl and doTERRA International among others. ?

Black Pepper Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 172
  • Countries covered: 21
  • Pages: 200
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