Black Pepper Oleoresin Market: Introduction
According to a recent study conducted on black pepper oleoresin by Transparency Market Research, it was found that the market is expected to expand at a CAGR of 9.6% to reach US$ 336.8 Mn by the end of the forecast period. Black pepper oleoresin is largely extracted by the process of solvent extraction method, which holds volume 3,637 MT in 2022 and is projected to reach 8,650 MT by the end of 2032.
In terms of distribution channel, the volume of black pepper oleoresin consumed through business to business is growing at a CAGR of 6.9% and is estimated to reach 6,740 MT by 2032. The East Asian market for black pepper oleoresin holds a value share of more than 15% of the global black pepper oleoresin market. It is estimated to be valued at US$ 22.3 Mn in 2022 and is forecast to reach US$ 42.1 Mn by 2032 for the region.
Health Benefits Offered by Black Pepper Oleoresin Coupled with Consumer Awareness to Increase Sales
The work-centric lifestyles that consumers are exposed to these days have several disadvantages that are potent enough to accelerate several health risks. Consumers being aware of it are opting for products that lower the effects of harmful elements in the body. The consumption of black pepper oleoresins or black pepper as a spice on a daily basis can aid in the prevention of infections such as inflammation, premature aging, etc. as black pepper oleoresin contains a high amount of piperine, which is rich in antioxidants and protect from oxidative damage and other radicals.
Several oleoresins mixed with black pepper contain elements that aid in curing diseases such as colic flatulence, joint and muscle pain, urinary tract infections, digestive problems, lower risk of cancer & diarrhea, and others. Joint and muscle pain are among the most prevalent diseases and hence, people suffering from it can greatly benefit from oleoresins.
- According to data published by the Centre for Disease Control and Prevention, U.S. Department of Health and Human Services, in the U.S. alone, more than 15 million people have reported experiencing severe joint pains, which is one in every four adults. Additionally, more than half of adults have persistent pain.
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Europe Depicting Great Market Potential for Oleoresin
The European market for natural food colors and flavors is likely to rise, providing an opportunity for oleoresin suppliers in emerging countries. Oleoresins provide several benefits over traditional herbs and spices. Europe has a flourishing food processing industry, and one of the world’s largest consumer markets. Since the consumers are paying greater attention to ingredients in their food and beverage products, there is a growing demand for healthier foods and beverages made with natural ingredients.
The rising popularity of ethnic cuisines in Europe is the main driver of oleoresin demand in Europe. This trend is most prominent in western European countries such as the U.K. and France. Consumers in Europe are eating more ethnic foods as they become more cosmopolitan. Another aspect is Europe’s increasing immigrant and expatriate population.
- According to the CBI Ministry of Foreign Affairs, black pepper, paprika, and turmeric are the most prevalent oleoresins in Europe. The meat sector primarily uses black pepper oleoresin as a preservative while other oleoresins are utilized in processed foods because of their color, flavor, and ethnicity.
Global Black Pepper Oleoresin Market Segmentation
Black Pepper Oleoresin Market by Nature
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Black Pepper Oleoresin Market by Extraction Process
- Solvent Extraction
Black Pepper Oleoresin Market by End Use
- Food and Beverages
Black Pepper Oleoresin Market by Distribution Channel
- Business to Business
- Business to Consumer
- Specialty Stores
- Online Retail
Black Pepper Oleoresin Market by Region
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
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