The global spices market size was valued at USD 5.86 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2020 to 2027. Increasing demand for authentic cuisines globally is one of the foremost factors driving the consumption of spices.

Pepper accounted for more than 15.0% share of the global revenue in 2019. Pepper is an aromatic spice derived from the fruit peppercorn and has been used for centuries. It includes black pepper, green pepper, and white pepper, available in whole or ground form. Black pepper is the primarily used form of pepper worldwide and is also commonly known as the king of spices. Its medicinal benefits, such as pain reduction and antioxidant properties, are increasing its usage.