Black Pepper Market

Transcription

Black Pepper Market
Black Pepper
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016
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Description
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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.
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.
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Description
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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, this demand is not backed by adequate
supply, which has proved to be a major restraint in this market. This is majorly due to the
intensive crop losses in various parts of the world, especially in India & Brazil. Sudden
climatic changes and untimely rainfall has significantly led to the fall in the yield of black
pepper.
Black Pepper Market: Segmentation
The global black pepper market can be broadly segmented on the basis of; type, end use
and application. On the basis of type, the market can be further segmented into – organic
and inorganic. Based on end use, the market can be segmented into bakery and
confectionery products, frozen products, soups, sauces & dressing, beverages, meat &
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Description
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poultry products, snacks and convenience food, and others. Based of application, the
black pepper market can be segmented into food & beverages, health care and personal
care & cosmetics.
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Black Pepper Market: Region Wise Outlook
Geographically, the global black pepper market is segmented into seven regions which
are ; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific
excluding Japan (APEJ), and Middle East and Africa (MEA) and Japan.
Vietnam, followed by Brazil, India & Indonesia are the leading producer of black pepper
in the year 2014 globally. India saw a fall in its average production in the same year. The
leverage of large scale production and productivity helps Vietnam growers to offer
world's lowest price tags.
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In terms of export, Vietnam leads the market globally. U.S. market continues to be the
largest importer of black pepper from Vietnam. While most markets like India, Saudi
Arabia, Pakistan, Netherlands, Spain have seen an increase in their imports, except
Germany. German market recorded a drop in imports from Vietnam. Thus, with a market
share of approximately 50% per cent in the global market, Vietnam has been able
dominate the market.
Black Pepper Market: Key Players
Some of the major companies operating in global black pepper market are Baria Pepper,
British Pepper and Spice, Catch, Everest Spices, McCormick, MDH, Agri food 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, Olam
International Limited.
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