Black Pepper Market Size

Black Pepper Market Size

Black pepper market size exceeded USD 2.45 billion in 2020 and is estimated to grow at over 3.5% CAGR between 2021 and 2027 owing to the increasing consumer spending on health care and the booming pharmaceutical sector driven by the rapid expansion of the nutraceutical industry along with the increasing inclusion of black pepper in food & beverage processing.

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Increasing demand for natural and healthy products is likely to attribute towards the growth of black pepper market. Rising dietary supplement consumption is predicted to boost the demand for black pepper as it helps absorb the required minerals and nutrient such as potassium, vitamin, and zinc.

Also, black pepper produces hydrochloric acid in the stomach, which aids in intestinal cleaning thereby preventing constipation and also aids in the treatment of the common cold. Moreover, black pepper is used to fight skin exfoliation and deformation, as well as to prevent wrinkles. It's used to get rid of dandruff, promote hair development, and make hair smooth and shiny.

Increased consumer awareness and concern about synthetic ingredient additives have boosted demand for organic black pepper products. In addition, the growing demand for clean label products and food fortification with a provitamin A source in processing industries such as food and beverage should stimulate the black pepper market value. Black pepper has often used in homes, restaurants, hotels, and others in different cuisine as an additive owing to its strong and vibrant taste.