Global Volume of Black Pepper Oleoresin Market to Reach 9,165 MT by 2032: Transparency Market Research

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.

black pepper oleoresin market

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.

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

  • Organic
  • Conventional

Black Pepper Oleoresin Market by Extraction Process

  • Solvent Extraction
  • SCFE

Black Pepper Oleoresin Market by End Use

  • Food and Beverages
  • Pharmaceuticals
  • Nutraceuticals
  • Retail/Household

Black Pepper Oleoresin Market by Distribution Channel

  • Business to Business
  • Business to Consumer
    • Hypermarket/Supermarket
    • Specialty Stores
    • Online Retail

Black Pepper Oleoresin Market by Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

About Food & Beverages Industry at Transparency Market Research

Experts at TMR delve into innovations, process development, and technological advancements that are setting new trends in the food & beverages sector. Changing food habits and lifestyle and growing demand for healthy food are influencing innovations in the sector. The outbreak of recent COVID-19 pandemic showcased how the food & beverages sector has stood the test of time against every economic disturbance.

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