The Global Pepper Market was $4.10 Bn in 2020, and it is expected to reach $9.60 Bn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 8.9% between 2020-2030 , as per the latest market research report titled Global Pepper Market – Global industry analysis, size, share, growth, trends and forecast, 2020 – 2030.
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Black pepper is a hot tasting powdered spice that is prepared from the dried peppercorns and is used to flavor foods. Black pepper is referred to as the King of Spices because it contains a lot of nutrients like antioxidants. The growth of the black pepper market is connected to the food processing industry. With the increased consumption in the bakery products, confectionaries, dried and ready to eat products is accelerating the growth of the pepper market. Asian cuisines that is already known for using spices have also started using the black pepper even more. However due to the current COVID-19 pandemic has had an impact on the global pepper market. India being one of the largest producer spices has closed its international borders and this has affected the international trade. China being the major buyer of pepper has also recorded a decrease in the demand because of this pandemic. Also the increased demand of the pepper in the food industry is driving the growth of pepper market. Also the increased preference for the natural flavoring agents among the consumers is also another factor that will help in the rise of the market during the forecasted period.
Geographically, the Global Pepper Market is divided into global regions like North America, Latin America, Asia Pacific, Europe, Middle East and Africa.
The Primary key players in the Global Pepper Market include Harris Freeman and Company, Tone Brothers, Goya Foods, Fuchs North America, McCormick and Co., Vanns Spices, Griffith Laboratories Worldwide, Old World Spices and Seasonings, ACH Food Companies, Golden West Specialty Foods, Synthite, Xcell International Corp., Ajinomoto Co., Frontier Natural Products Co-op, Char Crust, BrandG Foods, Victoria Gourmet, Ariake Japan Company Limited, The Bart Ingredients Company, SandB Foods, Williams Foods, Mehran Spice and Food Industries, International Flavors and Fragrances, Lawry’s CaJohns Fiery Foods, WILD Flavors GmbH, Wixon.
The Global Pepper Market Has Been Segmented Into:
By form Type
- Ground
- Roughly Cracked
- Black Pepper Essential Oil
By Type
- Organic
- Inorganic
By Application Type
- Foods and Beverages
- Convenient Foods
- Sauces and Dressing
- Confectionery Products
- Others (Bakery Products, Beverages, Frozen Products, Poultry and Meat Products)
- Pharmaceuticals
- Personal Care Products
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
Browse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/pepper-market-21
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