Global Pepper Market to Reach Us$ 6,104.7 Mn by 2023: Credence Research

Global Pepper Market to Reach US$ 6,104.7 Mn by 2023:

Credence Research

According to a new market report published by Credence Research Inc., “Pepper Market (By Product Type

(Black, White and Green), By Application (Food & Beverages, Health Care, Personal Care & Cosmetics and

others)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the worldwide

pepper market was valued at US$ 3,676.3 Mn in 2015. In terms of volume the global market stood at

410.1 kilo tons in 2015.

Browse the full report at http://www.credenceresearch.com/report/pepper-market

Market Insights:

The global pepper market is driven by factors such as rising demand for convenient foods, bakery products

and processed foods. In addition, rise in disposable income, changing food consumption patterns, rapid

urbanization and rise in meat consumption is escalating the demand of spices and particularly for pepper.

Pepper due to its antibacterial and antioxidant properties is also extensively used in health care and

personal care & cosmetics industries.

Adulteration is one of the major concerns for the spice industry. All spices whether, rare or common have

their particular adulterants that they are mixed while preparation of the spices or entirely substitute the

original spices. The black pepper is adulterated with dried seeds of papaya which look exactly like the real

black pepper. It is almost next to impossible to detect this adulteration in large quantities of pepper. In

the course of steaming process, whole pepper’s volatile oil is extracted and then its seeds are colored and

mixed with unutilized pepper seeds in minute ratios.

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The high growth potential in emerging markets and untapped regions which have started using more

pepper in cooking, provide new growth opportunities for the market vendors.

Competitive Insights:

The global pepper...