Project report for Black Pepper

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Black pepper is a high yeild cash crop belongs to the agricultural industry in India. Black pepper is native to present-day Kerala, a state on the southwestern coast of India, and is extensively cultivated there and in other tropical regions. It has a worldwide export potential. mainly grown in Kerala, TamilNadu, Karnataka, Konkan, Pondicherry & Andaman and Nicobar Islands. India is first producer, consumer and exporter of black pepper in the world. Kerala itself produces 90% off total production of black pepper. This spice has good economic importance due to its earnings of exports from foreign exchange. This spice is also called as "Black gold" due to its international trade factor.Black pepper is the world's most traded spice, and is one of the most common spices added to cuisines around the world. Its spiciness is due to the chemical compound pipeline, which is a different kind of spicy from the capsaicin characteristic of chili peppers.

Black pepper is a flowering vine in the family Piperaceae, cultivated for its fruit, known as a peppercorn, which is usually dried and used as a spice and seasoning. The fruit is drupe which, when fresh and fully mature, is about 5 mm in diameter, dark red, and contains a stone which encloses a single pepper seed. Peppercorns and the ground pepper derived from them may be described simply as pepper, or more precisely as black pepper, green pepper or white pepper. Ground, dried, and cooked peppercorns have been used since antiquity, both for flavor and as a traditional medicine. It is ubiquitous in the Western world as a seasoning, and is often paired with salt and available on dining tables in shakers or mills. Black pepper is a plant of humid tropics requiring high rainfall and humidity. The hot and humid climate of sub mountainous tracts of Western Ghats is ideal for its cultivation. It grows successfully between 20° North and South latitudes, and, up to 1500 m above sea level.

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Market potential & Strategy

The global Black Pepper market was valued at INR 277,054,520,000 in 2020 and will grow with a CAGR of 6.16% from 2020 to 2027. Black Pepper is a strong, hot-tasting, concentrated spice, equipped with dehydrated and crushed peppercorns, utilized to taste the foodstuff. It is similarly recognized as monarch of spices as it comprises ironic anti-oxidants property and additional nutrients. The extraordinary demand for pepper grants a smart marketplace opening for fresh dealers to arrive in the market. A thriving food and beverage industry across the globe is the key factor driving the growth of the market. Increasing consumption of bakery and confectionery products along with ready-to-eat and fried foods has significantly enhanced the product demand. Garlic bread, cakes and chocolates are some of the key products in which black pepper is used to give a distinctive flavor. The trend of adding natural flavor enhancers to food products has also catalyzed the market growth. Additionally, the growth of the cosmetics industry is also positively impacting the black pepper market. Due to its antibacterial and antioxidant properties, it is extensively used in the manufacturing of skin care products. Moreover, there has been an increase in health consciousness and awareness about the benefits of black pepper among consumers, which has led to its incorporation in the daily diet. Black pepper oil is also used by smokers to combat the excessive smoking habit as it aids in managing the nicotine cravings. Other factors such as increasing manufacturing of essential oils, black pepper sprays and fragrances are further expected to drive the market growth.

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