Black Pepper Market - Future Opportunity and Growth Analysis Report to 2027

1. Black Pepper Market - Regional Outlook, Competitive Analysis, Application and Forecasts To 2027

2. Black Pepper Market Size is expected to surpass USD 3.25 billion by 2027. Growing demand for nutritious products and rising awareness of the health benefits associated with black pepper is projected to fuel the market demand across the globe. • According to market analysis, some major findings of the black pepper market report include: • Increasing government expenditure on the pharmaceutical industry and growing demand for healthy spices associated with nutrition benefits is likely to fuel market growth. • Change in climate has led to increase in the demand for personal care products such as hair care, skin care and others. Thereby, the market from cosmetic end-use is projected to grow with the CAGR of 4.5% by the end of 2027. • Booming demand for organic products and rising trend of ‘move to organic’ has led to significant growth recent years, owing to the health benefits associated with them. Thus, the market from organic black pepper from is projected to grow over USD 310 million by the end of 2027. • Lampang Black Pepper offers citrus and pine aromas along with other health benefits such as anti-cancer properties, aids in weight loss and good for digestion. These listed reasons are stipulating toward market growth across the globe. The market from Lampang black pepper is anticipated to grow with the CAGR of 2.5% by the end of 2027. • North America black pepper market was valued over USD 355 million at 2020. The market is projected to grow owing to the increasing demand of health spices in many cuisines for dressings.

3. Black pepper market is projected to grow from pharmaceutical end use over USD 485 billion by the end of 2027. Black pepper is widely used in the pharmaceutical sector owing to its numerous health benefits for heart, skin, and eye development. Black pepper has zinc, magnesium, potassium and other vitamins like thiamin, riboflavin, niacin, and vitamin B6. These nutrient helps to regulate heart rate, high blood pressure, helps in producing red blood cells and many others. Also, the consumption of black pepper through different sources is likely to reduce cancer risk. • Rising product penetration of black pepper is also uplifting the market growth across the globe. E-commerce has become an important platform that has benefited both manufacturers and consumers. E-commerce has been deployed throughout the supply chain of black pepper products. Manufacturers operating in this market can promote their food items on the global platform and connect with a much wider consumer base through online retailing. • High product development rates and sustainable R&D spending should propel market expansion over the forthcoming years. The rapid increase in gastrointestinal diseases including constipation along with diabetes, high blood pressure, high cholesterol, obesity, and diverticular disease should propel the overall black pepper market share.

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5. Regional Analysis • The Europe black pepper market is anticipated to gain traction with the CAGR of 4% by the end of 2027. Customers are adopting healthier lives to receive optimal nutrition and prevent diseases, resulting in a surge in nutraceutical consumption by health-conscious consumers. The expansion of the pharmaceutical industry, the aging population, and increasing healthcare spending are predicted to drive black pepper market growth. • Competitive Analysis • Global black pepper industry is moderately fragmented, and key players include Olam International, Kancor Ingredients Ltd., Ajinomoto Co., Inc., The British Pepper & Spice Co., Ltd., and Webb James Srl. Moreover, other key players operating in the market are also showing keen interest in the market owing to extensive product adoption in many of the end use industries such as food & beverage, pharmaceutical, and cosmetics.

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