Black Pepper Market Trends, Share, Size, Growth, Sales, Opportunities and Forecast to 2027

Black Pepper Market Overview:

Black pepper is a flourishing vine in the family Piperaceae that is cultivated for its fruit that resembles peppercorns and is dried and reused as a spice and condiment. A single pepper seed enclosed in a stone can be found inside the fruit, which is a drupe with a diameter of about 5 mm and is dark red in colour. Black pepper is a tropical native plant. The plant is a perennial vine with flowers. With more than 25 countries producing between 317,000 and 326,000 tonnes of black pepper annually, it is the most significant and widely used spice in the world. The PESTLE analysis, Porter's five forces analysis, and segment analysis based on form, source, and region are included in the Black Pepper Market Report.

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Increasing the use of black pepper is creating a huge opportunity for the market:

Black pepper is an excellent spice to have in one's diet and is one of the healthiest spices available. Demand in the black pepper market form numerous industries is growing by the day. Black pepper has several health benefits, including weight loss, improved skin health, digestion, reduced inflammation, and improved dental health. It is also used in the cosmetic and personal care business. Black pepper oil may aid in the cessation of smoking. The severity of people's smoking desires before and after sniffing black pepper oil for two minutes was assessed in a study. The findings revealed that the oil was beneficial in reducing nicotine cravings.

Black Pepper Market Segmentation:

The market is divided into Organic and Inorganic segments based on source. With a 76% market share in 2020, the Organic segment dominated the black pepper market. The organic segment is anticipated to experience significant growth over the period of the forecast. One of the main drivers of the increase in demand for organic goods is the rising awareness of health issues in nations like Vietnam, China, and India. Growing consumer concern over nutrient quality and content has led to an increase in demand. Furthermore, consumer spending on health and wellness products has increased significantly as a result of factors like rapid urbanisation, strong economic growth, and rising income levels.

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Black Pepper Market Key players:

  • DS Group (India)
  • Synthite Industries Ltd. (India)
  • Foodchem International Corporation (China)
  • Webb James SRL (Italy)
  • Agrifood Pacific (Thailand)
  • Brazil Trade Business (U.S)
  • Pacific Production (Vietnam)
  • Everest Spices (India)
  • Olam International Limited (Singapore)
  • British Pepper & Spice (United Kingdom)
  • Vietnam Spice Company (Vietnam)

COVID-19 Impact on Black Pepper market:

The Black Pepper market has been significantly impacted by the COVID-19 outbreak. Facilities for the production of Black Pepper have been put on hold because of the global economic downturn and a labour shortage. The COVID-19 pandemic has caused a sizable and protracted decline in production utilisation, and staff have been kept away from their facilities by travel bans and facility closures, which will slow the growth of the Black Pepper market in 2020. On the other hand, the negative effects of COVID-19 on the market for Black Pepper are anticipated to be transient, and the industry is anticipated to quickly recover by early 2021 due to strong demand for Black Pepper.

About Stellar Market Research:

A market research and consulting company called Stellar Market Research offers consulting services as well as syndicated and custom-made research reports. The company's products are primarily focused on helping businesses identify, target, and analyse changes in consumer behaviour across demographics and industries in order to help them make better business decisions. The company conducts market intelligence studies in a range of industries, including healthcare, touch points and energy, in order to provide pertinent and fact-based research. Stellar Market Research has a sizable staff of highly qualified analysts with expertise in a variety of industries. Due to the company's expertise in the field and capacity to offer a practical resolution to any research problem, clients can gain a competitive edge over their rivals.

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