London, 20 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global black pepper market 2015-2019, which is expected to grow at a CAGR of 5.55% in terms of revenue and at a CAGR of 3.2% in terms of volume during the forecast period of 2014-2019.
The demand for black pepper is expected to increase due to its health benefits and the entry of black pepper into different market segments such as cosmetics due to its unique properties. The high demand for black pepper will give rise to opportunities for new vendors to enter the market, also increasing its price eventually.
“The global black pepper market has witnessed an increase in demand due to the various benefits of black pepper that go beyond its use as a spice,” says Faisal Ghaus, Vice President of Technavio.
“This demand has increased competition among international manufacturers to up the production and export of black pepper.”
Key Market Drivers
- Health Benefits
- Increase in Exports
- Increased Usage in Recipes
Key Market Trends
- Expansion into New Market Segments
- Increase in Use as Natural Flavor
- Increase in Price
Key Market Vendors
- Baria Pepper
- British Pepper and Spice
- Catch
- Everest Spices
- McCormick
- MDH Spices
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
