Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 23.62 Billion | USD 47.19 Billion | 9.04% | 2021 |
FrequentlyAsked Questions
Piper is the pepper plant and consists of nearly 1,000 herbs to 2,000 herbs, lianas, and shrubs species. Additionally, a large number of these species are dominant in their natural habitat. The scientific name piper and the common name pepper are derived from the Sanskrit name pippalli. Piper species are most commonly found in lowland tropical forests and they are either vines or herbaceous. Some of them grow as shrubs and as small trees. Moreover, the fruit of the piper plant is referred to as peppercorn and is round & pea-sized.
The global piper pepper market is projected to expand over 2022-2030 owing to favorable government policies and the anti-oxidant and anti-inflammatory properties of piper pepper. Massive application of pepper in the cosmetics and personal care industry due to its anti-septic features will augment the global piper pepper industry growth.
According to study, the global piper pepper market size was $6.2 billion in 2021 and is projected to reach $12.7 billion by the end of 2030.
The global piper pepper market is anticipated to record a CAGR of nearly 5.2% from 2022 to 2030.
The global piper pepper market is anticipated to be dominated by the countries such as the U.S., China, and India in the ensuing years owing to large imports of piper pepper by these countries. In addition to this, the U.S., China, and India accounted for nearly 35.1% of the global market share in 2021 in terms of revenue.
The global piper pepper market is led by players like House Foods Corporation, Kikkoman Food Products Company, H.J. Heinz Supply Chain Europe B.V., Olam Vietnam Limited - Dak Nong Factory, Ajinomoto Co., Inc., Jm Swank, Llc, Inner Mongolia Lantai Industrial Co., Ltd., Mccormick & Company Incorporated, Yamasa Corporation, Frutarom Industries Ltd, S&B Foods Inc., K+S Montana Holdings, Llc, Mizkan America Holdings, Inc, Mc Food Specialties Inc., K+S Salt Llc, Dongwon Home Food Co., Limited, Ikeda Tohka Industries Co., Limited, Griffith Foods Group Inc., Ariake Japan Co., Ltd., And Ebara Foods Industry,Inc.
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