The pungent taste in black pepper and long pepper is due to the alkaloid commonly known as piperine. Piperine, also known as Bioperine, is extracted from long pepper and black pepper using dichloromethane. Generally, a typical black pepper contains 5-10% piperine while a long pepper contains around 1-2% piperine. Bioperine, trademark name of piperine, is the active ingredient in long & black peppers, which contributes to the unique spice or taste. Piperine greatly increases the level of absorption of nutrients such Vitamin C, Vitamin A, Vitamin B6, selenium, beta-carotene, etc. within the body.
Health benefits associated with consumption of piperine such as improved metabolism, immune system, memory, increased Serotonin, and Dopamine levels are propelling demand for piperine in nutraceutical products and functional foods all over the world. Moreover, busy lifestyle of working populace has shifted dietary habits of consumers towards functional foods and nutritional products, which in turn, is boosting growth of the market. According to World Bank survey in 2016, over 65% population of the world belongs to 15-64 age group, which represents a large consumer base for the global piperine market. Moreover, demand for organic and natural products among consumers is increasing rapidly. For instance, according to Organic Trade Association, the sales of organic products in the U.S. were US$ 52.5 billion in 2018, increased by 6.3% from 2017. Thus, increasing adoption of dietary supplements coupled with growing awareness regarding organic and natural products are expected to fuel growth of the global piperine market in the near future.
Increasing use of piperine in health supplements is expected to drive the market growth over the forecast period. Among regions, Asia Pacific is estimated to hold significant position in the global piperine market over the forecast period, owing to growing pharmaceutical industry in countries such as India and China. For instance, according to International Trade Administration, China is the second largest pharmaceutical market in the world, valued at US$ 108 billion in 2015 and is expected to reach US$ 167 billion by 2020, representing an annual growth rate of 9.1%. Furthermore, according to the same source, the total public and private healthcare expenditure reached US$ 640 billion in 2015 and is expected to almost double to US$ 1.1 trillion by 2020, owing to the rapid expansion of universal insurance coverage by the Chinese government.
KEY MARKET PLAYERS
Major players in the global piperine market are Sabinsa Corporation, Ciyuan Biotech Co., Ltd., Acetar Bio-Tech Inc., Honghao Bio-Tech, and Beloor Bayir.
On the basis of source, the global piperine market is segmented into:
On the basis of application, the global piperine market is segmented into:
On the basis of Distribution Channel, the global piperine market is segmented into:
On the basis of region, the global piperine market is segmented into: