PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1447071
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1447071
According to StratisticsMRC, the Global White Pepper Market is accounted for $5.00 billion in 2023 andis expected to reach $8.03 billion by 2030 growing at a CAGR of 7.0% during theforecast period. White pepper is a spice derived from the matured berries ofthe pepper plant, scientifically known as Piper nigrum. Unlike black pepper, whitepepper is made from the inner seed of the pepper fruit after the outer skin isremoved. This process gives white pepper a milder flavor with less complexitycompared to black pepper. It is widely used in various cuisines around theworld, particularly in European and Asian cooking, where its subtle heat andearthy undertones enhance dishes without overpowering other flavors. Whitepepper is prized for its ability to blend seamlessly into light-colored dishes,making it a popular choice for cream sauces, soups, and mashed potatoes.
Demand from food industry
The food industry plays a pivotal role in driving demand for white pepper dueto its versatile applications and growing consumer preferences. With the risingdemand for processed and convenience foods, white pepper is extensively used inseasoning blends, sauces, marinades, and ready-to-eat meals. Health-conscious consumersseeking natural and flavorful alternatives to salt contribute to the increasingdemand for white pepper as a seasoning agent. Additionally, as foodmanufacturers strive to meet consumer demands for high-quality and authenticflavors, the demand for white pepper continue to grow.
Weather conditions
Weather conditions play a significant role in the white pepper market, as theydirectly impact the growth and quality of the pepper crop. Factors such asrainfall, temperature, and humidity levels can affect the yield and overallproduction of white pepper. Excessive rainfall or drought can lead to poor cropyields, affecting supply and, subsequently, prices. Extreme weather events likestorms or hurricanes can damage crops, further impacting market stability.Additionally, inconsistent weather patterns may also affect the quality of thepepper, influencing consumer demand.
Value-added products
White pepper, known for its unique flavor profile and culinary versatility, canbe transformed into various value-added products to cater to different consumerpreferences. These products include white pepper-infused oils, sauces,seasonings, or blends with other spices. White pepper extracts and concentratescan be developed for use in the food manufacturing and flavor enhancementindustries. By diversifying into value-added products, producers can capitalizeon the growing demand for premium and convenient culinary solutions whilemaximizing the potential of the white pepper market.
Trade policies and tariffs
Trade policies and tariffs can significantly impact the white pepper market byinfluencing the cost of production and distribution. Increased tariffs on whitepepper imports can raise prices for consumers, reducing demand and potentiallyharming producers reliant on export markets. Trade policies such as quotas orrestrictions may limit the volume of white pepper that can be tradedinternationally, affecting both supply and demand dynamics. Additionally, thesethreats can lead to market instability, reduced profitability for producers,and disrupted global trade relationships within the white pepper industry.
The COVID-19 pandemic has had a mixed impact on the white pepper market.Initially, disruptions in supply chains and transportation led to fluctuationsin prices and availability. Lockdown measures in major producing countries likeVietnam and Indonesia hampered harvesting and processing activities, causingshortages. However, as people cooked more at home during lockdowns, demand forspices, including white pepper, surged, balancing out the market to someextent. Moving forward, the market may continue to experience volatilitydepending on the trajectory of the pandemic, global economic recovery, and shiftsin consumer behaviour.
The conventional segment is expected to be the largest during the forecastperiod
Conventional segment growth is due to the increasing demand for traditionallyprocessed white pepper. Unlike organic or specialty varieties, conventionalwhite pepper is produced using standard methods without additionalcertifications or unique processing techniques. This segment's growth is oftendriven by its affordability and widespread availability, appealing to a broaderconsumer base. Factors such as its versatile culinary applications, longershelf life, and consistent quality contribute to its popularity.
The food and health segment is expected to have the highest CAGR during theforecast period
The growth in the food and health segment is driven by increasing consumerawareness about the health benefits associated with white pepper consumption.White pepper contains bioactive compounds such as piperine, which haveantioxidant and anti-inflammatory properties, making it desirable forhealth-conscious consumers. Moreover, the rising demand for natural and organicfood products further fuels the growth in this segment. Additionally, theversatility of white pepper in culinary applications, coupled with its uniqueflavor profile, has led to its widespread adoption in various cuisinesglobally.
The North American region has experienced notable growth in the white peppermarket due to increasing consumer awareness of the unique flavor profile andculinary versatility of white pepper. The growing popularity of internationalcuisines, where white pepper is a common ingredient, has contributed to itsmarket expansion. Health-conscious consumers are also opting for white pepperas a healthier alternative to black pepper, further boosting its demand.Additionally, the rise in disposable incomes and changing food preferencestowards gourmet and premium products has propelled the growth of the whitepepper market in North America.
The Asia-Pacific region has seen significant growth in the white pepper marketdue to its health benefits and increasing consumer awareness of its uses.Growing culinary experimentation and the incorporation of white pepper intraditional Asian cuisines have boosted its popularity. Economic growth incountries like China, India, and Indonesia has led to higher disposableincomes, allowing consumers to explore premium food products like white pepper.Furthermore, advancements in agricultural practices and technology haveimproved white pepper production, ensuring a steady supply to meet risingdemand.
Key players in the market
Some of the key players in White Pepper market include Ajinomoto, Akay SpicesPvt Ltd, Everest Spices Company, Hexa Food Sdn Bhd, Mane Kancor Ingredients,McCormick & Company, MDH pharmaceuticals pvt. ltd., Olam International,Palia BrOthers, Shreenidhi Manufacturers, The British Pepper and Spice, Unitedfor Herbs & Spices and Vitagreen Products Pvt. Ltd.
In November 2023, Ajinomoto has signed a definitive agreement for theacquisition of contract development and manufacturing organisation andclinical-stage therapeutics company Forge Biologics in an all-cash transactiontotalling $620m. The prospective takeover is part of Ajinomoto's strategy tobolster its global expertise in adeno-associated virus (AAV) and plasmid genetherapy production.
In May 2023, Mane Kancor, a global major in spice extraction and manufacturingof natural ingredients, has opened its new manufacturing facility in Byadgi,Karnataka, India. The company's second unit in Byadgi, which has the largestchilli market in the State, is aimed at further consolidating its position as apioneer in spice extraction with adoption of modern technologies.