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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

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. 

MARKET DYNAMICS

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.

MARKET OUTLOOK

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.

MARKET TAXONOMY

On the basis of source, the global piperine market is segmented into:

  • Organic
  • Conventional

On the basis of application, the global piperine market is segmented into:

  • Food & Beverage
  • Pharmaceutical
  • Others (Personal Care and others)

On the basis of Distribution Channel, the global piperine market is segmented into:

  • Business to Business (B2B)
  • Business to Consumer (B2C)
    • Online Channel
    • Offline Channel

On the basis of region, the global piperine market is segmented into:

  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Russia
    • Rest of the Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East
    • GCC
    • Rest of Middle East
  • Africa
    • North Africa
    • Central Africa
    • South Africa
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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users