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July 07th, 2021

Black Pepper Market

Global Black Pepper Market Size, Trends & Analysis - Forecasts to 2026 By Application (Private Upkeep, Food Items & Drinks, Makeups, Fitness Maintenance), By End-Use (Convenience Food, Beverages, Frozen Products, Soups, Sauces & Dressing, Snacks, Meat & Poultry Products, Bakery & Confectionery Products, Others) By Category (Inorganic, Organic), By Region (North America, Europe, Asia Pacific, MEA, and CSA), End-User Landscape, Company Market Share Analysis, and Competitor Analysis

The global black pepper market size is projected to grow from USD 5.6 billion in 2021 to USD 7.2 billion by 2026 at a CAGR value of 4.9% from 2021 to 2026. The prime factors driving the black pepper market growth include the increasing number of new market entrants, rising number of pastry shop items, confectionary store items, and rising demand for prepared-to-eat and dried food in the developed economies. Product demand has increased dramatically due to increased consumption of bakery and confectionery items, as well as ready-to-eat and fried dishes. The rising trend of utilizing natural flavor enhancers in packaged food items has additionally catalyzed the development of the worldwide market.

Black pepper, otherwise called ground black peppercorn, is a profoundly devoured product that is utilized as a fixing agent in the culinary world. It is a strong, hot-tasting powdered spice made from unripe drupes of the pepper plant. The spirit is utilized in beauty and medicinal items, the oil is utilized to produce Ayurveda supplements, and the spice is utilized for culinary purposes. It has an abundant amount of vitamin A and C, carotenes, flavonoids, and the rest of the antioxidants which are utilized to fix neuralgia, scabies, stomach issues, bronchitis, and Vitiligo. It is viewed as the king of flavors, fundamentally for its flavor and different herbal characteristics which are utilized in conventional medication.

Black pepper is likewise acquiring grounds as an effective and natural additive and preservative in food items. Research and development activities for investigating other usages of commercial dark pepper in ready-to-eat food are helping the market grow rapidly. Black pepper oil is additionally utilized by smokers to battle over the top smoking propensity as it helps in overseeing nicotine yearnings. Hence, its use in the pharma retail industry has witnessed a drastic increase. This trend is likely to boost the growth of the market from 2021 to 2026. Other factors, such as increasing production of essential oils, rising consumption of packaged food items, increasing production of black pepper sprays, and perfumes, are likely to fuel the market growth.

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