Black Pepper Market Overview:
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Black Pepper Market Scope:
The ground black pepper, rough cracked black pepper, and whole black pepper segments of the global market are based on form. In 2022, the Whole Black Pepper segment accounted for the largest share of the market with 47.5%. The APAC region has a greater demand for whole black pepper due to the existence of production and manufacturing centers in Vietnam, Indonesia, and India. These nations are producing premium black pepper and essential oils at a rapid pace. The segment is anticipated to have an absolute dollar potential of over US$ 1000 million between 2016 and 2024.
The global black pepper market is divided into four segments based on application: food and beverage, pharmaceutical, personal care, and others. In 2022, the Food Beverages category held a sizable 50% share. The Healthcare Sector has seen a 3.7% increase in Black Pepper consumption due to a rise in the use of traditional medicines and their widespread use in the manufacturing of medicines and therapies.
The cosmetics industry has increased its consumption of black pepper by 2.7% due to its medicinal properties, which can treat skin conditions like rashes and itching. The personal care products and chemical industry have increased their consumption of black pepper due to consumers' growing preference for plant-based products in this market. Black pepper is used by various industries according to need.
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Black Pepper Market Key Players:
Secondary research is used to identify market Black Pepperers, while primary and secondary research is used to establish market revenue. Secondary research comprised a review of the Black Peppering manufacturers’ annual and financial reports, whilst primary research included thorough interviews with key opinion Black Pepperers and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then validated using primary sources.
The biggest players in the Black Pepper market are as follows:
1. Baria Pepper
2. McCormick Company
3. Visimex
4. Ajinomoto Company, Inc.
5. doTERRA International
6. DM Agro
7. DS Group
8. Synthite Industries Ltd.
9. Foodchem International Corporation
10. Webb James SRL
11. Agrifood Pacific
12. Brazil Trade Business
13. Pacific Production
14. Everest Spices
15. Olam International Limited
16. British Pepper Spice
17. Vietnam Spice Company
18. Catch
19. MDH Pvt. Ltd.
20. Indian Valley Foods Pvt. Ltd.
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Black Pepper Market Regional Analysis:
Individual market influencing components and changes in market legislation that affect current and future market trends are also covered in the Black Pepper market study’s regional overview. Current and future trends are investigated in order to analyze the overall market potential and find profitable patterns in order to get a more firm footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Black Pepper Market:
End-user industries where Black Pepper are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Black Pepper manufacturers, affecting the Black Pepper market’s growth in 2020. End-user business demand for Black Pepper has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Black Pepper Market Report are:
- In 2021, which segment accounted for the most share of the Black Pepper market?
- What is the competitive landscape of the Black Pepper market?
- What are the key factors influencing Black Pepper market growth?
- In the Black Pepper market, which region has the most market share?
- What will be the CAGR of the Black Pepper market during the forecast period (2022-2027)?
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