Global peppercorn demand is expected to continue rising in 2024, 2025

Published 2024년 5월 15일

Tridge summary

Global demand for pepper is projected to increase in 2024 and 2025, driven by its use in pharmaceuticals and cosmeceuticals, as stated by Malaysia's Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani. Although Malaysia saw a slight decline in pepper exports in 2023, it remains the fifth-largest producer globally. The government is rolling out various programs and funding initiatives to support pepper farmers and strengthen the industry. The first Malaysian Pepper Industry National Conference 2024 aims to boost pepper demand and consumption and promote collaboration among industry stakeholders.

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Original content

KUALA LUMPUR (May 15): Global pepper demand is projected to continue its upward trajectory in 2024 and 2025, according to Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani. The minister attributed this growth to the potential applications of pepper in various sectors, including pharmaceuticals and cosmeceuticals, which are driving this positive trend. “In 2023, the global pepper consumption will amount to around 291,000 tonnes, an increase of 40,000 tonnes compared with the previous year. “However, Malaysia's pepper exports slightly declined in 2023 to 5,800 tonnes worth RM149 million compared with 6,700 tonnes in the previous year worth RM180 million,” he said during the inaugural Malaysian Pepper Industry National Conference 2024 themed “Strengthening the Growth of the Pepper Industry”. His speech was read by Deputy Plantation and Commodities Minister Datuk Chan Foong Hin. Johari highlighted Malaysia's position as the world's fifth-largest pepper producer, with a ...

Source: Theedgemarkets