Global Market Analysis On Pepper Consumption | FoodResearchLab

Pepper is the most consumed spice in the world, accounting for 30 -35% of the spice trade and is projected to rise. As a result, the cost of pepper has increased again due to increased consumption, which affects the market value. For instance, the black pepper market was valued at US$1.83 billion in 2021 and is expected to reach US$2.96 billion in 2029, at a 6.17% increase.

This video provides a brief idea of how pepper consumption influences global markets and how the food research lab helps identify the variants of black pepper while developing new products.

More info: https://www.foodresearchlab.com/blog/new-food-product-development/global-market-analysis-on-pepper-consumption/

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