Rising Nutraceutical Sector and Dietary Supplement Demand to Propel Black Pepper Market Value to USD 5,432.5 Million by 2034: Future Market Insights, Inc.
NEWARK, DEL, Oct. 02, 2024 (GLOBE NEWSWIRE) -- The black pepper market is projected to be valued at approximately USD 2,476.4 million in 2024 and is expected to grow to around USD 5,432.5 million by 2034, representing a compound annual growth rate (CAGR) of 8.20% throughout this period.
When seasoning food, black pepper, a tasty powder spice made from dried and powdered peppercorns, is employed. It is known as the “King of Spices” because of the abundance of antioxidants and other nutrients in it. For new suppliers, the rising demand for peppers offers an attractive market opportunity. In the current market environment, it is projected that the fresh harvest of black pepper will make up 30% to 35% of the market. Black pepper prices will rise in response to increased demand, increasing market vendors’ profit margins.
Because of its widespread use in culinary applications and documented health benefits, the black pepper business is rapidly rising. Black pepper’s therapeutic benefits, such as its anti-inflammatory and antioxidant properties, have grown in popularity as people become more health concerned. The spice’s adaptability in diverse cuisines contributes to its expanding global demand, which is driving market growth.
In addition, black pepper powder is used to make pharmaceuticals. It is frequently applied to the treatment of cancer, pneumonia, and digestive issues. In order to cure scabies, a skin condition, and nerve pain (neuralgia), it is occasionally applied directly to the skin. Black pepper is frequently employed as a painkiller.
Understanding the Black Pepper Market
The black pepper market plays a crucial role in the global spice trade, driven by its versatile use in culinary applications, pharmaceuticals, and food processing. As one of the most widely consumed spices, black pepper is primarily produced in countries like Vietnam, India, and Brazil, which collectively account for a significant portion of the world's supply. The market dynamics are influenced by factors such as production volumes, climate conditions, trade policies, and changing consumer preferences towards organic and sustainably sourced products.
In recent years, the black pepper market has witnessed fluctuations in prices due to variations in harvest yields and growing demand in emerging markets. Additionally, innovations in packaging and distribution have opened up new opportunities for market expansion. As consumers become more health-conscious and explore diverse culinary experiences, the demand for high-quality black pepper is expected to rise.
Browse the Complete Report! https://www.futuremarketinsights.com/reports/black-pepper-market
Black Pepper Market Statistics by Country
| Countries | Forecast CAGR (2024 to 2034) | |
| United States | 5.40% | |
| Germany | 4.60% | |
| United Kingdom | 8.90% | |
| France | 7.40% | |
| Italy | 11.30% | |
Black Pepper Market: Drivers & Restraints
The black pepper market is directly influenced by the growing processed food industry. The rise in consumption of bakery products, confectionery products, and ready-to-eat and dried food in the developed economies is driving the market for the spice. The recent trend of using natural flavor enhancers has also catalyzed the growth of the global market. In the year 2013-15, the global pepper consumption is estimated at around 400,000 tons and has been increasing steadily. Increasing demand from Far East countries, which have started using more pepper in cooking, has been quite significant in driving the global black pepper market. Growth in the cosmetics industry is also directly influencing the pepper market. Due to the antioxidant and antibacterial properties of black pepper, it is often included in skin care products.
As stated earlier, the market is experiencing a major year-on-year increase in demand for black pepper. But unfortunately, this demand is not backed by adequate supply, which has proved to be a major restraint in this market. This is majorly due to the intensive crop losses in various parts of the world, especially in India & Brazil. Sudden climatic changes and untimely rainfall has significantly led to the fall in the yield of black pepper.
Recent Developments in the Black Pepper Market
In September 2021, Mane Kancor inaugurated a state-of-the-art innovation center in Angamaly, aimed at fostering long-term growth by developing new plants, corporate workspaces, and advanced technologies across its facilities. This initiative aligns with the company’s future goals and commitments.
In January 2024, Subway Singapore added black pepper chicken nuggets and black pepper chicken and steak subs to its menu, catering to customers who enjoy black pepper dishes. These new offerings are now available at all locations at competitive prices.
Additionally, in October 2021, the India Pepper and Spice Trade Association (IPSTA) announced plans to launch eSpot trading for black pepper on its platform. The board is currently collaborating with software vendors to develop the necessary eTrade software.
Key Players in the Black Pepper Industry
Baria Pepper, The British Pepper & Spice Co. Ltd., Catch, Everest Spices, McCormick, MDH, Agri-food Pacific, Akar Indo, Brazil Trade Business, DM AGRO, Gupta Trading, Pacific Production, Silk Road Spices, The Spice House, Vietnam Spice Company, Visimex Joint Stock Company, Webb James, Olam International Limited, Kancor Ingredients Ltd., Ajinomoto Co. Inc., Mahashian Di Hatti Pvt. Ltd., doTERRA International, Robertet SA, DS Group, Synthite Industries Ltd., Foodchem International Corporation, The Lebermuth Company Inc., Givaudan Schweiz AG, Vietnam Hanfimex Corporation, Others
Drive Your Growth Strategy: Purchase the Report for Key Insights! https://www.futuremarketinsights.com/checkout/1274
Black Pepper Market: Segmentation
By Nature:
- Organic
- Conventional
By Form:
- Whole
- Ground
- Crushed
By End Use:
- Industrial
- Food and Beverages
- Bakery and confectionary
- Frozen food products
- Snacks and savory products
- Soups, sauces, and dressing
- Meat and seafood products
- Beverages
- Ready-to-eat food
- Others
- Dietary Supplement
- Pharmaceuticals
- Cosmetics and Personal Care
- Food and Beverages
- Food Service Provider
- Retail/household
By Distribution Channel:
- B2B
- B2C
- Store-based Retailing
- Hypermarket/Supermarket
- Convenience Stores
- Specialty Stores
- Independent Grocery Stores
- Others
- Online Retailing
- Store-based Retailing
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
German Translation –
Der Markt für schwarzen Pfeffer wird im Jahr 2024 auf etwa 2.476,4 Millionen USD geschätzt und soll bis 2034 auf rund 5.432,5 Millionen USD wachsen, was einer durchschnittlichen jährlichen Wachstumsrate (CAGR) von 8,20 % in diesem Zeitraum entspricht.
Zum Würzen von Speisen wird schwarzer Pfeffer verwendet, ein schmackhaftes Pulvergewürz aus getrockneten und pulverisierten Pfefferkörnern. Er ist als „König der Gewürze“ bekannt, da er reich an Antioxidantien und anderen Nährstoffen ist. Für neue Anbieter bietet die steigende Nachfrage nach Pfeffer eine attraktive Marktchance. Im aktuellen Marktumfeld wird prognostiziert, dass die frische Ernte von schwarzem Pfeffer 30 bis 35 % des Marktes ausmachen wird. Die Preise für schwarzen Pfeffer werden als Reaktion auf die gestiegene Nachfrage steigen und die Gewinnmargen der Marktanbieter erhöhen.
Aufgrund seiner weit verbreiteten Verwendung in kulinarischen Anwendungen und seiner nachgewiesenen gesundheitlichen Vorteile wächst das Geschäft mit schwarzem Pfeffer rasant. Die therapeutischen Vorteile von schwarzem Pfeffer, wie seine entzündungshemmenden und antioxidativen Eigenschaften, sind immer beliebter geworden, da die Menschen immer gesundheitsbewusster werden. Die Anpassungsfähigkeit des Gewürzes an verschiedene Küchen trägt zu seiner wachsenden globalen Nachfrage bei, die das Marktwachstum antreibt.
Darüber hinaus wird schwarzer Pfefferpulver zur Herstellung von Arzneimitteln verwendet. Es wird häufig zur Behandlung von Krebs, Lungenentzündung und Verdauungsproblemen eingesetzt. Um Krätze, eine Hauterkrankung, und Nervenschmerzen (Neuralgie) zu heilen, wird es gelegentlich direkt auf die Haut aufgetragen. Schwarzer Pfeffer wird häufig als Schmerzmittel eingesetzt.
Den Markt für schwarzen Pfeffer verstehen
Der Markt für schwarzen Pfeffer spielt eine entscheidende Rolle im globalen Gewürzhandel, angetrieben durch seine vielseitige Verwendung in kulinarischen Anwendungen, Pharmazeutika und der Lebensmittelverarbeitung. Als eines der am häufigsten konsumierten Gewürze wird schwarzer Pfeffer hauptsächlich in Ländern wie Vietnam, Indien und Brasilien produziert, die zusammen einen erheblichen Teil des weltweiten Angebots ausmachen. Die Marktdynamik wird von Faktoren wie Produktionsmengen, Klimabedingungen, Handelspolitik und sich ändernden Verbraucherpräferenzen gegenüber biologischen und nachhaltig gewonnenen Produkten beeinflusst.
In den letzten Jahren war der Markt für schwarzen Pfeffer aufgrund von Schwankungen der Ernteerträge und der wachsenden Nachfrage in Schwellenmärkten von Preisschwankungen geprägt. Darüber hinaus haben Innovationen in Verpackung und Vertrieb neue Möglichkeiten für die Markterweiterung eröffnet. Da die Verbraucher gesundheitsbewusster werden und vielfältige kulinarische Erfahrungen entdecken, wird die Nachfrage nach hochwertigem schwarzem Pfeffer voraussichtlich steigen.
Markt für schwarzen Pfeffer: Treiber und Hemmnisse
Der Markt für schwarzen Pfeffer wird direkt von der wachsenden verarbeiteten Lebensmittelindustrie beeinflusst. Der Anstieg des Konsums von Backwaren, Süßwaren sowie verzehrfertigen und getrockneten Lebensmitteln in den entwickelten Volkswirtschaften treibt den Markt für das Gewürz an. Der jüngste Trend zur Verwendung natürlicher Geschmacksverstärker hat das Wachstum des globalen Marktes ebenfalls beschleunigt. In den Jahren 2013-15 wurde der globale Pfefferverbrauch auf rund 400.000 Tonnen geschätzt und steigt stetig an. Die steigende Nachfrage aus fernöstlichen Ländern, die begonnen haben, mehr Pfeffer zum Kochen zu verwenden, hat den globalen Markt für schwarzen Pfeffer erheblich angekurbelt. Das Wachstum in der Kosmetikindustrie beeinflusst den Pfeffermarkt ebenfalls direkt. Aufgrund der antioxidativen und antibakteriellen Eigenschaften von schwarzem Pfeffer wird er häufig in Hautpflegeprodukten verwendet.
Wie bereits erwähnt, verzeichnet der Markt im Vergleich zum Vorjahr einen starken Anstieg der Nachfrage nach schwarzem Pfeffer. Leider wird diese Nachfrage jedoch nicht durch ein ausreichendes Angebot gedeckt, was sich als große Einschränkung auf diesem Markt erwiesen hat. Dies ist hauptsächlich auf die starken Ernteverluste in verschiedenen Teilen der Welt zurückzuführen, insbesondere in Indien und Brasilien. Plötzliche Klimaveränderungen und unzeitgemäße Niederschläge haben zu einem deutlichen Rückgang der Erträge bei schwarzem Pfeffer geführt.
Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
Top Reports Related to Food and Beverage Domain:
The smoked black pepper market size is estimated to secure a valuation of USD 3.4 Billion in 2023 and is estimated to rise to USD 5.8 Billion by 2033.
The Spice Oils and Oleoresins market share is expected to record a CAGR of 7.9% between 2023 and 2033. By 2033, the market is estimated to reach a valuation of USD 3,567.2 million.
The dried spices market has reached a CAGR of 4.6% during the forecast period. The market is projected at USD 5,763.5 million in 2022, and is likely to be valued at USD 9,036.5 million by 2032.
The herbs and spices market size is forecast to grow at a CAGR of 3.6% between 2024 and 2034. The market is expected to incline from USD 171,563.1 million in 2024 to USD 244,124.7 million by 2034 end.
According to future market insights research, the global herb & spice extracts market is anticipated to thrive at an average CAGR of 3.5% during the projected period.
According to the research of Future Market Insights, over the projected period, the Cajun Spice Market is expected to expand at a CAGR of 4.2%.
According to a study by Future Market Insights, the market for Pumpkin Pie Spices is estimated to grow at a CAGR of 5.6% during the forecasted period.
The market for spice-coated casing is projected to reach a value of USD 429.4 million in 2024. By 2034, the spice-coated casing market is expected to be valued at USD 629.5 million.
The organic spices market is set to thrive at an average CAGR of 4.5% during the forecast period. The market is expected to hold a share of USD 10.9 billion in 2023 while it is anticipated to cross a value of USD 17.0 billion by 2033.
The global Pumpkin Spice Products market is expected to witness a market value of USD 1.1 Billion in 2023 and is expected to accumulate a market value of USD 2.4 Billion by registering a CAGR of 8.2% in the forecast period 2023 to 2033.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
© Copyright Globe Newswire, Inc. All rights reserved. The information contained in this news report may not be published, broadcast or otherwise distributed without the prior written authority of Globe Newswire, Inc.
