World - Pepper - Market Analysis, Forecast, Size, Trends and Insights
Which Countries Consume the Most Pepper?
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The global pepper market showed steady growth, rising from 449 thousand tonnes in 2007 to 521 thousand tonnes in 2015. From 2007 to 2015, it expanded with a CAGR of +1.9%.
Pepper demand is created both by the end consumer, purchasing the product for their personal food requirements, and the corporate market, that uses spicy products in their production processes. Meat processing plants can be classed as the main corporate consumer: pepper is added to sausages and other products. Hotels, restaurants and catering is a further consumer segment of pepper. Ultimately, product demand will depend on the wealth of the population and population growth - people are end consumers of pepper.
According to market research conducted by IndexBox, the countries with the highest consumption were India (72 thousand tonnes), the U.S. (64 thousand tonnes), Vietnam (55 thousand tonnes) and China (51 thousand tonnes), together comprising near 50% of global consumption.
Among the leading consuming countries, high levels of per capita consumption were recorded in Viet Nam (592 g/year in 2015) and Malaysia (532 g/year), significantly higher than the world average of 71 kg/year. In these countries, per capita consumption grew steadily from 2007-2015. The annual growth of per capita consumption from 2007 to 2015 was the most notable in India, with +8.8% growth, then Viet Nam with +4.0% and China with +9.6% growth.
Market performance is forecast to accelerate, with an anticipated CAGR of +2.5% for the five-year period from 2015 to 2020, which is expected to lead the market volume to 588 thousand tonnes by the end of 2020.
Top 10 countries consuming the most pepper in 2015
Do you want to know more about the global pepper market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- pepper market share
- pepper prices
- pepper industry
- pepper sales
- pepper market forecast
- pepper price forecast
- key pepper producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global pepper market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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