Global Black Pepper Market 2015-2019

Market demand for black pepper

There are several drivers contributing to the growth of the black pepper market. It is expected to reach a market size of approximately $10 billion by 2019 due to the growing awareness about the health benefits associated with black pepper.

The high demand for black pepper presents an attractive market opportunity for new vendors to enter the market. In the present market scenario, it is estimated that the new crop of black pepper accounts for nearly 30% to 35% of the market. The high demand is expected to increase the black pepper price, thereby increasing the profit margin of the vendors in this market. In terms of volume, the global consumption of black pepper was valued at close to 85,000 tons in 2014, and it expected to drive its production during the forecast period.

Market segmentation of the black pepper market by production and export

• Vietnam
• Indonesia
• India
• Brazil
• Malaysia
• ROW

In terms of production and export, Vietnam leads the market with close to half of the market share. It constitutes an important export commodity for the market and it important to its GDP. Currently, two major exporting countries, Vietnam, and India are witnessing an immense competition among their vendors for a greater share of the market. Over the years, Vietnam has begun to export vast volumes of black pepper in India. The other major importers of black pepper include Middle East countries such as the UAE and also the US.

Leading vendors of the black pepper market

The black pepper market is immensely competitive with the presence of several local and international players. As per the pepper price forecast, vendors in the black pepper price in international market are likely to expand further in the emerging markets with a focus on increasing their profit margins and market shares.

The seven major vendors of the black pepper market include: -

• Baria Pepper
• British Pepper and Spice
• Catch
• Everest Spices
• McCormick
• MDH

The other vendors in the market include Agrifood Pacific, Akar Indo, Brazil Trade Business, DM AGRO, Gupta Trading, Pacific Production, PT AF, Silk Road Spices, The Spice House, Vietnam Spice Company, Visimex, and Webb James.

Geographical segmentation of the black pepper market

• APAC
• Americas
• Europe
• ROW

Based on the black pepper market report, APAC is the market leader of black pepper and with a little over 50% it accounts for the majority of its market share. Vendors from the region have benefitted immensely from the increasing prices in the market. For example, the price of black pepper in Vietnam scaled from $2 per kg to $10 in 2014. Even though the APAC region is supplying close to 80% of the global pepper market, it is still facing a shortfall. To fulfill the demand, new vendors are expected to enter the market over the next four years.

Other sections of the report include an analysis of the following

• Leading countries and key trends impacting the black pepper market
• Market share analysis of the leading vendors of the black pepper market
• Key drivers, challenges, and trends and their impact on the black pepper market
• Five forces analysis of the black pepper market
• SWOT analysis of the leading companies in the black pepper market

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