Top Companies in Pepper Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Pepper Market is projected to reach a value of USD 5.3 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 2.5% over the forecast period.
The Global Pepper Market was valued at USD 4.5 Billion in 2022 and is projected to reach a value of USD 5.3 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 2.5% over the forecast period.
The Global Pepper Market revenue is estimated at US$4.1 billion in 2018, down 1.7% year-on-year. This number reflects the combined revenues of manufacturers and importers (excluding logistics costs, retail marketing costs, and retail margins, which are included in the retail price). Overall, paprika consumption continues to show strong expansion. The highest growth rate was recorded in 2011 when the market value increased by 26% compared to the previous year. Global Pepper consumption peaked at US$4.2 billion in 2017 before declining slightly the following year.
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Black Pepper, also known as ground black Pepper, is a common ingredient in the culinary world. It is a hot and spicy spice powder made from unripe Pepper stones. The seeds are boiled, cleaned, and dried in black Pepper oil, liquors, and spices. The spirit is used in medicinal and cosmetic products, the oil is used to make Ayurvedic supplements, and the spice is used for culinary purposes. It is also rich in vitamins A and C, carotene, flavonoids, and other antioxidants to treat neuralgia, scabies, stomach infections, bronchitis, and vitiligo.
The thriving food industry in the world is a key factor in the development of the market. With the growing global demand for Pepper, the market is expected to continue its upward trend in consumption over the next seven years. Market performance is expected to slow and increase at an expected CAGR of +1.2% over the seven years 2018-2025, which is expected to increase the market size to 840,000 tons by the end of 2025.
The Pepper market is dominated by globally established players such as Baria Pepper, McCormick & Company, Everest Spices, Olam International Limited, British Pepper and Spice Co Ltd., Catch, Saigon Hanoi Imexco Ltd, Gupta Trading Company, MDH Pvt. Ltd., etc. among others. Additionally, bringing new products to market has helped businesses provide better-quality goods, adapting to shifting customer trends.
Let’s Look at the Top Companies That are Taking the Pepper Market by Storm
- BARIA PEPPER (Viet Nam)
BARIA PEPPER is about Pepper - Black Pepper, White Pepper, Green Pepper, and Powdered Pepper - one of the most popular spices in the world over the past 3000 years. They specialize in selection, trading, importing, and exporting all types of Pepper products. BARIA PEPPER products have been exported to the Americas, Europe, the Middle East, and other countries in Asia.
- McCormick & Co Inc. (U.S.)
McCormick & Co Inc. (McCormick) produces, markets, sells and distributes spices, seasoning mixes, condiments, and other flavors. McCormick markets products under the McCormick, French’s, Frank’s RedHot, Zatarain's, Kohinoor, Lawry’s, Club House, Gourmet Garden, OLD BAY Zatarain’s, Vahine, Daqiao, Stubb’s, Simply Asia and Thai Kitchen brand names. The company has a business presence across the globe.
- Everest Food Products Pvt Ltd. (India)
Everest Masala is India’s largest-selling spice brand offering more than 45 masala variants in pure and blends. The company has a global presence in almost 58 countries worldwide.
- Olam International Limited (Singapore)
Olam International Limited is an international integrated raw and processed agricultural commodity supplier. The Group sources, processes, stores, transports, ships, distributes, trades, and markets agricultural products. Olam International also provides insurance-related services.
- British Pepper and Spice Co Ltd. (United Kingdom)
The British Pepper & Spice Company Ltd. manufactures herbs and spices in the United Kingdom. The Company processes, packages, and markets herbs, spices, and seasonings. British Pepper & Spice offers seasoning products in various package formats, including cartons, tubes, grinders, glass jars, tins, refills, and seasoning sachets.
- Saigon Hanoi Imexco Ltd. (Viet Nam)
Established in 2014, a Vietnamese manufacturer and trader of processed cashew nuts, Pepper, and spices. One cashew processing factory in Binh Phuoc Province handles processed unsalted, salt-roasted, honey-roasted, and wasabi cashew. Sources raw cashew nuts from South-eastern Vietnam and Cambodia.
- Gupta Trading Company (India)
Gupta Trading Company is a manufacturer, exporter, and supplier of spices and Coffee Beans Husk from Kerala. The company specializes in offering various spices, including Black Pepper, Cardamom, Red Chilli, Turmeric Fingers, Maces, Shelled nutmeg, and Dried Ginger.
- MDH Pvt. Ltd. (India)
MDH Masala is India’s largest-selling spice brand offering more than 45 masala variants in pure and blends. MDH Pvt. Ltd. has set up five state-of-the-art plants to meet the ever-growing demand. The company procures raw materials directly from the production centers to maintain uniform taste and quality.
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