Black Pepper Market, 2016-2026by Segmentation: Based on Product, Application and Region

Black Pepper is a pungent hot-tasting powder spice prepared from dried and ground peppercorns, used to flavor food. It is also known as king of spices because it contains rich anti-oxidants and other nutrients. The high demand for 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 price of black pepper, thereby increasing the profit margin of the vendors in this market.

Apart from this, black pepper powder is also used to make medicines. It often used to cure stomach upset, bronchitis, and cancer. It is sometimes applied directly to the skin for treating nerve pain(neuralgia) and a skin disease called scabies. Black peppers are also used typically as a counterirritant for pain.

Request free sample Report: http://www.futuremarketinsights.com/reports/sample/rep-gb-1274

Black Pepper Market: Drivers & Restraints

The black pepper market is directly influenced by the growing processed food industry. The rise in consumption of bakery products, confectionery products, and ready-to-eat and ried food in the developed economies is driving the market for the spice. The recent trend of using natural flavor enhancer has also catalyzed the growth of the global market. In the year 2013-15, the global pepper consumption is estimated at around 400,000 tons and has been increasing steadily. Increasing demand from Far East countries, which have started using more pepper in cooking, has been quite significant in driving the global black pepper market. Growth in the cosmetics industry is also directly influencing the pepper market. Due to the antioxidant and antibacterial properties of black pepper, it is often included in skin care products.

As stated earlier, that the market is experiencing a major year on year increase in demand for black pepper. But unfortunately,...