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. But due to the current pandemic of COVID-19 there might be a slight difference in the growth rate in the present year. The increased demand for pepper in the food industry is also one of main factors that will help the growth of the market. Also the rising preference for the natural flavoring agents is also one of the major factors that will help to drive the market during the forecasted period.
Global Pepper Market Segments Is Estimated to Witness a Remarkable Growth
Source: SAI Research
The Global Pepper Market has been segmented into Form, Type, and Application. By Form – Ground, Roughly Cracked, Black Pepper Essential Oil. By Type- Organic, Inorganic. By Application – Foods and beverages, pharmaceuticals, personal care products. By Region – North America, Europe, Latin America, Asia Pacific, Middle East and Africa.
By Region, Asia Pacific is Holding the Major Market Share
The Global Pepper Market has been geographically segmented into North America, Europe, Latin America, Asia Pacific, Middle East and Africa. In addition to this Asia Pacific is holding the largest market share currently and is estimated to show the highest compound annual growth rate in the upcoming forecasted period. With the increased use of black pepper in cosmetics and medicinal treatments is also one of the major factors that will help to accelerate the growth of pepper market. Besides Asia Pacific North America is also expected to show a remarkable growth over the forecasted period followed by Europe.
Major Players In the Global Pepper Market
Some of the 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:
Global Pepper Market, By form
Global Pepper Market, By Type
Global Pepper Market, By Application
Global Pepper Market, By Region