Black Pepper Market

Black Pepper Market Outlook (2023-2033)

The market for black pepper can be expected to expand at a value based CAGR of 7% and show an increase in revenue from US$ 5,406.0 Mn to around US$ 10,834.9 Mn by 2033.

Black Pepper Market Size (2023E)	US$ 5,406.0 Mn
Projected Sales of Black Pepper (2033F)	US$ 10,834.9 Mn
Value CAGR (2023-2033)	7%
Value Share of Top 4 Countries (2022E)	27.3%

Black Pepper Consumption Analysis (2018-2022) Vs. Market Estimations (2023-2033)

The global black pepper market has witnessed significant growth in the historical period registering a CAGR of 6.4% in the historical period and was valued at US$ 5,406.0 Mn in 2023. The market is expected to grow steadily with increasing consumption and awareness about benefits related to black peppers.

Black pepper is known as king of spices and there is lot of scope for new product innovations in black pepper market. Manufacturers are focusing on continuous new product innovations such as essential oils, black pepper spray and fragrances. They are also focusing on innovative packaging of black pepper powder. Black pepper is great addition to one’s diet and is one of the healthiest spice one can ever find. The increasing application of black pepper in various industry are increasing day by day.

There are various health benefits of black pepper such as weight loss, promotes skin health, helps in digestion, reduces irritation, improves the dental health and are also used in cosmetic and personal care industry. Black pepper oil could help the consumer to quit smoking. In a study it was measured that the intensity of people’s smoking cravings before and after smelling black pepper oil for two minutes is different. The results showed that the oil could effectively reduce nicotine cravings.

The global market for black pepper is estimated to reach an approximate valuation of US$ 10,834.9 Mn in the forecast period.

What are the Key Trends in the Market for Black Pepper?

“Increasing Popularity of Spices & Oleoresins”

The demand for natural, plant-based, or vegan products has grown as the number of health-conscious consumers has increased. Consumer buying habits have altered as a result of increased consumer knowledge of the negative impacts of artificial flavours and colours. Because of the ongoing requisitioning and expanding of health standards, an increasing number of people are looking for "free from" items. Spices & oleoresins are predicted to be in high demand because to a growing vegan population seeking for yoghurt alternatives to protein substitutes. Over the forecast period, all of these factors are expected to enhance market demand. COVID-19 has also had a favourable impact on the spice market demand.

“Increasing inclination of consumers towards seasonings in their diets”

Black pepper is the most pungent and flavourful of all types of peppers. It also helps to increases the hydrochloric acid secretion in the stomach, thereby facilitating digestion. Consumers are adding black pepper seasonings in their food to increase flavour and taste, worldwide. It is used in different cuisines around the world in both whole and grounded form. Now a days as the trend of using natural seasonings is rising, the demand for black pepper is increasing.

“Rising adoption of black pepper in bakery and confectionary products”

Black pepper is one of the healthiest spice among all the spices and seasonings. Now a days rising adoption of black pepper in bakery and confectionary products such as cakes, chocolates, and snacks is fueling the growth of global black pepper market. For example, black pepper is used in rosemary bread, garlic bread and other bakery products.

“Growing Popularity of Ethnic Cuisine”

The demand for regional cuisines to go global came into being as the food service industry started to expand on a global scale. Due to this expansion, several regional foodservice chains got global and hence regional foods such as Italian, Mexican, and Chinese became ethnic in other countries. This trend is greatly supporting the expansion of the black pepper market on a global scale due to their considerable application in ethnic foods. As consumers are becoming more cosmopolitan, there is an evident increase in the consumption of ethnic foods. The growing interest of consumers in ethnic cuisines in developing nations presents an opportunity for manufacturers and exporters of black pepper.

“Unstable Raw Material Supply Posing Threat to Spice Production”

Spice production and processing are greatly dependent on the supply of quality raw materials. These are grown like crops and are exposed to several physical and chemical factors and the most prevalent one is climate change. Factors such as high rainfall, prolonged dry season, humidity, and other factors are greatly affecting the harvesting of many spices such as black pepper, coriander, cumin, vanilla and others.

Such factors pose a threat to the supply chain and sustainability of the overall product market and also affect the manufacturer's credibility to the client and consumers in several ways. This unreliability not only interrupts the supply chain but also dampens demand in the overall market by causing an increase in the price.

Country-wise insights

What is the value share held by North America for the black pepper market?

The North American market holds 19.94% of the global market value while U.S holds 12.96% of the global market share on 2023.

The market is still developing in the west and as people are becoming more aware about the potential benefits of black pepper regarding immunity, post-Covid there is increased focus on integration of such elements to the diet.

How is the South Asia & Pacific Black Pepper Market Faring?

The South Asia & Pacific market holds a value of US$ 1009.3 Mn in 2023 and is expected to expand at a CAGR of 10.3%.

The use of spices in traditional dishes in countries like India has been renowned since olden times and therefore, reports greater consumption and value share as well. The increasing globalisation has resulted in the western countries to take note about the benefits of black pepper and boosted productivity and cultivation.

Category-wise insights

Which Nature of Black Pepper Accounts for High Revenue Generation?

The conventional nature of black pepper holds the maximum value of US$ 1149.9 Mn in 2023 and 89.0% of the value share.

Current market trends indicate rising popularity of organic products, but the increasing capital costs for the same drive the farmers to cultivate black peppers by conventional means and is responsible for the high revenue generation. Organic farming is cost and time intensive requiring constant monitoring to maintain a healthy crop, therefore, conventional means are still preferred and dominate the market.

What is the Overview regarding Form Segment of Black Pepper?

The black pepper market demand for ground segment is increasing as manufacturers are rapidly producing new verities in seasonings and blends to increase their product portfolio. The demand for whole black pepper is more in the South Asia & Pacific region because of Vietnam, Indonesia and India having their own production and manufacturing centers, which are rapidly working towards the production of high quality black pepper and essential oil. The segment has been estimated to create absolute $ opportunity of more than US$ 1000 Mn between 2023 and 2033.

Competitive Dashboard

The Black Pepper Market is primarily characterized by a large number of multinational players. Majority of share is held by the companies having global presence in the market. Key players in black pepper market are targeting their product offerings specially towards food and beverage manufacturers. Companies such Mane KANCOR Synthite Industries Ltd, Akay Natural Ingredients Private Limited and some of the major players operating in the global black pepper market. Regional players account for a market share of 25-35%, and local players 15-25% respectively. These companies are engaged in the business of proving pepers operate at small scale, and are more export-oriented.

• In September 2021, Mane Kancor opened a new highly equipped modern innovation center at Angamaly. It was done as part of its dedicated investment in the development of corporate workspaces, new plants, technologies, IPs, and expansion across all its facilities. This was done based on their commitments and targets for the future of the company.
• Ozone Naturals makes the utilization of a technology named ‘supercritical fluid extraction’. The process is far superior when compared to conventional technology, producing products of food and pharmaceutical grade, and also is 100% safe concerning human ingestion, and preserves the full profile of raw spices such as aroma, freshness & other characteristics.
• Synthite Industries Ltd. is offering a range of technologies to choose from, which can be customized as per customers’ needs, including liquid chromatography, gas chromatography, GC-mass spectra and atomic absorption spectra.
  • This is done by the company to ensure long-lasting business relations with its clients and also to meet their requirements for the products.
• The black pepper and oleoresins offered by Universal Oleoresins also offer some advantages such as being completely natural & free from contaminants, the minimum chance of infestation due to negligible moisture content, cheaper than using raw spices, and lasting flavour & fragrance. They also provide uniform dispersal of the flavor.
• Bioingredia Natural Pvt. Ltd. has established state-of-the-art technology to offer the purest natural extracts. The state-of-the-art facility is based on advanced technology designed to maximize yield while maintaining ideal conditions for the stability of ingredients.

Black Pepper Industry Research by Category

By Form:

• Ground Black Pepper
• Rough Cracked Black Pepper
• Whole Black Pepper

By Source:

• Organic
• Conventional

By Application:

• Food and Beverages
• Pharmaceuticals
• Personal Care

By Region:

• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• Middle East & Africa

Companies Covered in Black Pepper Market

• Olam International
• Kancor Ingredients Ltd.
• Mahashian Di Hatti Pvt., Ltd.
• Webb James Srl
• Visimex Joint Stock Company
• Vietnam Hanfimex Corporation
• The British Pepper & Spice Co. Ltd.
• Indian Valley Foods Pvt. Ltd
• Ajinomoto Co. Inc.
• McCormick & Company