Black Pepper is a strong, hot-tasting, concentrated spice, equipped with dehydrated and crushed peppercorns, utilized to taste the foodstuff. It is similarly recognized as monarch of spices as it comprises ironic anti-oxidants property and additional nutrients. The extraordinary demand for pepper grants a smart marketplace opening for fresh dealers to arrive in the market.
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 fried food in the developed economies is driving the market for the spice. The recent trend of using natural flavor enhancer 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, that 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.
Over the next five years, Planet Market Reports projects that Black Pepper will register a –% CAGR in terms of revenue, reach US $ million by 2023, from US $ million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Black Pepper market by product type, application, key manufacturers and key regions.
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To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
Foodstuff & Drinks
This report also splits the market by region:
Middle East & Africa
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
British Pepper and Spice
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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To study and analyze the global Black Pepper consumption value & volume by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Black Pepper market by identifying its various subsegments.
Focuses on the key global Black Pepper manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Black Pepper with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Black Pepper submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Name: Jennifer Daniel
Organization: Planet Market Reports