Black Pepper Market Analysis

Black Pepper Market Analysis

Indian black pepper market was valued at USD 80 million 2020 and is projected to gain traction with a CAGR of 2.5% by the end of 2027 owing to its excellent therapeutic and medicinal benefits. It is often used in various alternative medical preparations called Ayurveda particularly to cure menstrual, throat, ear, nose disorders. Additionally, Indian black pepper also helps to improve the immune system and imparts good vision as it is rich in Vitamin A and other minerals. It has excellent anti-inflammatory properties which helps reduce swelling of the eyes and other body parts.

Indian black pepper is often used for skin care due to the rising trend of Do-it-Yourself (DIY). Many consumers and manufactures use black pepper for face scrub as, it exfoliates dead skin which helps to revive blood circulation causing more oxygen to flow to the face maintain skin health and appearance.

Global black pepper market from cosmetic end-use is likely to exceed USD 280 million by 2027. Rising awareness regarding beauty & cosmetic products along with the increasing demand for such products among both women & men is driving the global cosmetics industry. Improved purchasing power of consumers may further fuel the cosmetic demand, in turn, increasing the black pepper market size during the forecast timeframe.
 

Skin care is estimated to be the fastest growing segment and is anticipated to boost the black pepper demand from skin care product manufacturers due to its various skin health benefits. The product finds extensive usage in skin care products owing to its benefits of wound healing, anti-inflammatory, and anti-bacterial properties.
 

Moreover, essential oils extracted from black pepper are widely used in skin care products to provide traditional fragrance and antibacterial properties to fight acne. According to the American Academy of Dermatology Association, skin cancer is the most common type of cancer in the U.S. This has led to an increased concern among the population regarding skin care, which will augment the black pepper market growth.
 

Organic black pepper market segment was valued at USD 200 million in 2020 and is anticipated to grow at a CAGR of 5.5% by 2027 as it aids digestion and is rich in nutrients. The “adopt organic” trend is one of the significant reasons attributing towards the market growth. The associated benefits of organic products such as chemical free, better, and quick healing properties are supporting the market growth across the globe. Additionally, these organic products are made from sterilization method and not fumigated or irradiated.
 

The” move to organic” trend is uplifting the black pepper market trends and is highly preferred by consumers as the products have better healing properties and contain natural nutrients with no chemical antibacterial toxins. In addition, millennials are opting for organic products as it helps to enhance the absorption of dietary supplements specially that have potential cholesterol-lowering effects like turmeric. Thus, black pepper which are sourced organically have a wide range of acceptance amongst consumer for direct consumption or as an additive and nutrient in the food & beverage industry.
 

North America black pepper market should exceed USD 505 Million by 2027 owing to a shift in consumer preference toward healthy and ayurvedic spices. Black peppers help to improve blood sugar control and have excellent anti-inflammatory properties. Changes in consumer lifestyles and eating habits have led to several diseases such as cardiovascular diseases, diabetes and others; thus, consumers are opting for healthy products. Black pepper plays a vital role in the functioning of immune system, since it has antioxidant properties, which help the cells to fight infection.
 

Increasing geriatric population is resulting in an increased demand for dietary supplements and supporting the market growth. The demand for naturally sourced black pepper has shown significant growth to the market as its boost the absorption of nutrients like calcium, selenium, as well as other beneficial compound from plants. In addition, the growing preference of consumer in the U.S. for healthy spices and other nutrient product is creating lucrative opportunities for the market.