The global black pepper market is expected to witness robust growth during the forecast period. This growth is expected to be primarily driven by a rising number of mergers and acquisitions, product innovation and increasing inclination of consumers towards seasoning in their diets. “Black Pepper Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025,” is a new report published by Persistence Market Research that tracks the performance of the global black pepper market for a projected period of eight years, i.e. 2017-2025. According to this report, in 2017, global black pepper market is estimated to be valued at US$ 3761.2 Mn, which is estimated to increase at a CAGR of 6.1% over the forecast period to reach US$ 5701.0 Mn by the end of 2024.Request for Report Sample@ [URL]https://www.persistencemarketresearch.com/samples/18625[/URL]
Global Black Pepper Market: Regulatory Requirements
American spice trade association (ASTA) is dedicated to providing clean, safe spice to their customers and consumers. ASTA provides a range of programs and publications to ensure companies have the tools they need to meet that goal.
In Europe, the safety of spices is guided under the European spice association (ESA). European Spice Association, ESA, is a non-profit association representing the interests of its members in all matters pertaining to the processing, packing, quality assurance and food safety and/or marketing of herbs, spices and spice products. Moreover, European Commission is also particular about the product claims thereby offering products that are safe, high in quality
Global Black Pepper Market: Forecast by Application
Application segment consists of food and beverages, pharmaceuticals and personal care. By application, the food and beverages segment is expected to remain dominant during the forecast period. Food and beverages segment is estimated to account for highest market share of 65.6% in 2016 and is expected to reduce at 61.1% in 2024. The segment is estimated to be valued at US$ 3821.6 Mn by the end of 2024. The segment has been estimated to create absolute $ opportunity of US$ 1497.4 Mn between 2016 and 2024.
Source segment includes organic and conventional segments. Conventional black pepper segment is estimated to account for highest market share of 82.5 % in 2016 and is expected to lose 1.1 BPS by 2024 as compared to that in 2016. The segment is estimated to be valued at US$ 1055.6 Mn by the end of 2024. Conventional black pepper segment is expected to expand at highest CAGR in terms of both value and volume over the forecast period.
Global Black Pepper Market: Forecast by Region
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Global Black Pepper Market: Key Vendors
Olam International, Kancor Ingredients Ltd., McCormick & Company, Ajinomoto Co., Inc., The British Pepper & Spice Co., Ltd., Mahashian Di Hatti Pvt., Ltd., Webb James Srl, doTERRA International, Robertet SA, DS Group, Baria Pepper, Everest Spices, Synthite Industries Ltd., Foodchem International Corporation, The Lebermuth Company Inc., Givaudan AG, Visimex Joint Stock Company, Vietnam Hanfimex Corporation, and Indian Valley Foods Pvt. Ltd. are some of the companies which are covered in this report.