Black Pepper Market to Reach US$ 4.9 Billion by 2024 - IMARC Group

As per the latest report by IMARC Group, titled “Black Pepper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global black pepper market size reached US$ 3.6 Billion in 2018. Black pepper is a strong and hot-tasting spice, which is produced from dried and ground peppercorns. It belongs to the Piperaceae family and is widely known as the king of spices owing to the high content of antioxidants, carotenes, flavonoids and vitamins A and C. It stimulates digestion, improves blood sugar control, lowers cholesterol levels and has anti-inflammatory properties. Black pepper is also useful in curing neuralgia, scabies, stomach infections, bronchitis and vitiligo.

Request Free Sample Report: https://www.imarcgroup.com/black-pepper-market/requestsample

Global Black Pepper Market Trends:

Although mostly used in savory dishes, black pepper is also gaining traction as a taste booster in sweets and bakery products. The burgeoning food and beverage industry, along with the increasing consumption of bakery, fried, confectionery and ready-to-eat (RTE) food products, such as cakes, chocolates and garlic bread, is boosting the overall sales of black pepper around the world. Apart from this, the rising demand for natural flavor enhancers is also propelling the market growth. Moreover, owing to its antibacterial and antioxidant properties, black pepper is widely used in the production of numerous skincare products. With the rising health awareness among consumers about the benefits of black pepper, it is further being included in the daily diet. Apart from this, it is also used by smokers to minimize nicotine cravings. Looking forward, the market value is projected to reach US$ 4.9 Billion by 2024, expanding at a CAGR of 5.5% during 2019-2024.

Browse Full Report with TOC: https://www.imarcgroup.com/black-pepper-market

Market Summary:

Market Breakup by Product

· Brazilian Black Pepper

· Lampang Black Pepper

· Malabar Black Pepper

· Sarawak Black Pepper

· Talamanca Black Pepper

· Tellicherry Black Pepper

· Vietnamese Black Pepper

Based on the product, the market has been segregated into Brazilian, Lampang, Malabar, Sarawak, Talamanca, Tellicherry and Vietnamese black pepper.

Market Breakup by Source

· Organic

· Inorganic

On the basis of the source, the market has been bifurcated into organic and inorganic black pepper. At present, inorganic black pepper exhibits a clear dominance in the market.

Market Breakup by Form

· Ground Black Pepper

· Rough Cracked Black Pepper

· Whole Black Pepper

The market has been analyzed on the basis of the form into ground, rough cracked and whole black pepper. Ground black pepper currently accounts for the majority of the total market share.

Market Breakup by Distribution Channel

· Offline

· Online

Based on the distribution channel, the market has been divided into offline and online segments. Presently, the offline segment holds the biggest market share.

Market Segmentation by Application

· Food and Beverages

· Pharmaceuticals

· Personal Care

· Others

On the basis of the application, black pepper is widely utilized in the food and beverage sector. Other major sectors include pharmaceutical, personal care and others.

Market Segmentation by Region

· Vietnam

· Indonesia

· India

· Brazil

· Malaysia

· Others

Region-wise, Vietnam represents the largest market. Other major regions include Indonesia, India, Brazil and Malaysia.

The Competitive Landscape

Some of the key players being BEIERSDORF AG O.N. (BEI.DE), McCormick & Company, Incorporat (MKC), OLAM INTERNATIONAL LIMITED (OLMIY) The British Pepper & Spice Company Limited, Catch Foods (DS Group), Mahashian Di Hatti (MDH) Private Limited, Viet Delta Co., Ltd., Agrifood Pacific Company, Webb James SRL, Brazil Trade Business Group, Visimex (NIC GROUP), Indian Valley Foods Pvt. Ltd., DM AGRO FARMS and Pacific Production.

Related Reports by IMARC Group:

Flat Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC Group
USA: +1-631-791-1145
Email: [email protected]
Website: https://www.imarcgroup.com