Global White Pepper Market Size to Grow at 5.2% CAGR, to Boost Market Valuation to $9.3 Billion by 2030 | According to New Study by Zion Market Research
NEW YORK, Feb. 28, 2023 /PRNewswire/ -- As per Zion Market Research study, The global white pepper industry size was nearly $4.3 billion in 2022 and is set to reach $9.3 billion by 2030 with a CAGR of nearly 5.2% between 2023 and 2030.
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White Pepper Market: Overview
White pepper is manufactured from the dried fruit of the pepper plant. Furthermore, the spice is utilized in potato dishes and white sauces. Moreover, grinded white pepper is used in Chinese cuisine as it adds flavor to Chinese soups. For the record, white pepper is produced from completely ripe berries of pepper and is soaked in water for nearly 10 days which results in fermentation After fermenting these ripe pepper berries, their skin is removed and this gives white pepper a distinct flavor. Apart from Chinese soups, white pepper finds extensive applications in Vietnamese soups, Swedish dishes, pork dishes, hot & sour soups, and egg-fried rice.
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Key Industry Insights & Findings of the White Pepper Market Reports:
- As per the analysis shared by our research analyst, the global white pepper market is projected to expand annually at the annual growth rate of around 5.2% over the forecast timespan (2023-2030)
- In terms of revenue, the global white pepper market was evaluated at nearly $4.3 billion in 2022 and is expected to reach $9.3 billion by 2030
- The global market is anticipated to record massive growth over the forecast period as white pepper finds massive applications in cuisines owing to its slew of health benefits.
- Based on product type, the organic segment contributed to a major share of the global market in 2022
- Based on application, the food & beverage segment contributed to a major share of the global market in 2022
- In terms of distribution channel, the online segment is set to register the highest CAGR in the predicted timespan.
- Region-wise, the European region is projected to be the key regional revenue driver of the global market during the projected timeframe.
Zion Market Research published the latest report titled "White Pepper Market By Product Type (Organic and Conventional), By Form (Ground White Pepper, Rough Cracked White Pepper, and Whole White Pepper), By Application (Food & Beverage, Healthcare, Personal Care, Commercial, and Retail), By Distribution Channel (Modern Trade, Departmental Store, Online, Grocery Store, and Other Retail Format), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030" into their research database.
Industry Dynamics:
White Pepper Market: Growth Drivers
- Slew of health benefits offered by white pepper to boost the global market trends
Growth of the global white pepper market can be attributed to the characteristic aroma and flavor of the product. Apart from this, white pepper finds massive applications in cuisines owing to its slew of health benefits. Additionally, the product is massively used in the nutraceutical sector owing to its ability in improving digestion along with its use as an anti-oxidant. All these aforementioned aspects will boost global market trends. As it is derived from natural sources, it is used as a natural enhancer for improving flavor of the diet. Moreover, the presence of essential oil components has enhanced applications of white pepper in various industries such as flavor & fragrance industries.
White Pepper Market: Restraints
- Cost oscillations & effects on dermatitis can put brakes on the global industry surge
Side effects such as developing of skin rashes when used directly on the skin and price fluctuations can impede the global white pepper industry growth.
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White Pepper Market: Opportunities
- Huge consumption of white pepper globally to open new vistas of growth for the market globally
Growing intake of white pepper across the globe will open new opportunities for growth for the global white pepper market.
White Pepper Market: Challenges
- Huge consumption of white pepper causing gastrointestinal ailment to pose a massive challenge to the global market elevation
Piperine present in white pepper helps interferes with particular medicines along with reducing their efficiency. This is a big challenge for the global market. In addition to this, large-scale intake of white pepper can create gastrointestinal illnesses and this can create a huge hurdle in the growth path of the global market.
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Global White Pepper Market: Segmentation
- The global white pepper market is sectored into product type, application, form, distribution channel, and region.
On basis of product type, the global white pepper market is segmented into organic and conventional segments. Furthermore, the organic segment, which contributed majorly towards the global market share in 2022, is projected to lead the segmental surge even in 2023-2030. The segmental expansion over the forecast timeline can be due to the rise in use of organic white pepper in various cuisines globally. Apart from this, the organic white pepper segment is set to enjoy a higher BPS over the forecast period.
In terms of application, the global white pepper industry is divided into food & beverage, commercial, healthcare, personal care, and retail segments. Moreover, the food & beverage segment is set to register massive growth during the assessment timeline. The segmental growth can be owing to escalating use of white pepper in various foods to impart new flavors to the diet.
Based on the distribution channel, the global white pepper market is sectored into online, modern trade, grocery stores, departmental stores, and other retail format segments. Furthermore, the online segment is projected to register the fastest growth of nearly 4.6% during the anticipated timespan. The segmental expansion will be attributed to rise in online demand for white pepper from individuals, food processing firms, and caterers.
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List of Key Players in White Pepper Market:
- Yesraj Agro Exports Pvt. Ltd.
- MDH Pvt. Ltd.
- Akay Spices Pvt. Ltd.
- Everest Spices Company
- Ajinomoto Co. Inc.
- Maxrotth Global Foods Pvt. Ltd.
- McCormick and Company Inc.
- Vitagreen Products Pvt. Ltd.
- Aliya Trading S.L.
- Olam International Limited
- United Spice Co. Ltd.
- Maxcor Agro And Allieds
- UNISPICE
- Agropro Trading Ltd.
- The British Pepper and Spice Co. Ltd.
- Hexa Food Sdn. Bhd.
- Abbay Trading Group Co Ltd
- Visimex Jsc
- Cubic Business Solutions Ltd
- Kancor Ingredients Ltd.
Key questions answered in this report:
- What are the growth rate forecast and market size for White Pepper Market?
- What are the key driving factors propelling the White Pepper Market forward?
- What are the most important companies in the White Pepper Market Industry?
- What segments does the White Pepper Market cover?
- How can I receive a free copy of the White Pepper Market sample report and company profiles?
Report Scope:
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Recent Developments
- In February 2023, LATAM Airlines Group S.A., an airline holding firm based in the U.S., launched a new food menu for its new business class. The new food menu integrates regional ingredients from Brazil, Ecuador, Chile, and Peru in its food products, thereby enhancing the passenger experience. The move will push the growth of the white pepper market in Latin America and across the globe.
- In January 2023, Xin Ming Yuen, a key Beijing-based restaurant, introduced new food menus for celebrating the year of the rabbit. Moreover, it launched pepper prawn casserole covered in a peppery aroma flavor. It also introduced fried golden shrimp balls with moist white scallops. Such initiatives will expand the scope of growth of the white pepper market in China as well as the Asia-Pacific zone.
Regional Dominance:
- European White Pepper Market To Retain Its Dominion Status During Forecast Timespan.
The white pepper market in Europe, which registered the highest growth in 2022, is predicted to continue its domination even in the coming years. The growth of the regional market over 2023-2030 can be due to large-scale import of white pepper from countries such as Germany, Holland, the UK, and Russia. Moreover, the thriving food & beverage sector in Europe has contributed notably towards the regional market surge and will continue to do so in the years to come.
Global White Pepper Market is segmented as follows:
White Pepper Market: By Product Type Outlook (2023-2030)
- Organic
- Conventional
White Pepper Market: By Form Outlook (2023-2030)
- Ground White Pepper
- Rough Cracked White Pepper
- Whole White Pepper
White Pepper Market: By Distribution Channel Outlook (2023-2030)
- Modern Trade
- Departmental Store
- Online
- Grocery Store
- Other Retail Format
White Pepper Market: By Application Outlook (2023-2030)
- Food & Beverage
- Healthcare
- Personal Care
- Commercial
- Retail
White Pepper Market: By Region Outlook (2023-2030)
North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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- Thinned Starches Market: The global thinned starches market size was evaluated at $6.8 Billion in 2021 and is slated to hit $10.5 Billion by the end of 2030 with a CAGR of nearly 5.6% between 2022 and 2030.
Browse through Zion Market Research's coverage of the Global Food & Beverage Industry
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