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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Piperine Market Outlook
The global piperine market is being driven by the growing black pepper market, which attained a value of USD 5.77 billion in 2023. The global black pepper market is expected to further grow at a CAGR of 5.8% in the forecast period of 2024-2032 to reach a value of USD 9.58 billion by 2032.
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Growing Trend of a Healthy Lifestyle to Aid the Market Growth of Piperine
The market growth of piperine is being driven by the emerging trend of a healthy lifestyle. People across the globe incorporate herbs and spices in their diets, either in the form of medicine or a meal. In addition, the need for new tastes and convenience food is enhancing the market growth of piperine. Further, the growing demand for natural ingredients in the food items in the recent years owing to the rising health and wellness trend, along with the growing inclination towards organic products and growing demand for ethnic food, is driving the growth of the industry. Moreover, natural ingredients like black pepper are gaining traction across various end-use industries, such as healthcare, personal care, food and beverages, and others due to the health benefits associated with it.
Piperine: Market Segmentation
Piperine is the primary bioactive compound found in black pepper, which lends pungency and biting taste to it. The product is derived from black pepper and dichloromethane, and is highly soluble in chloroform, alcohol, and slightly in water. It is commercially used to treat epilepsy and for various other purposes.
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On the basis of source, the market is divided into:
- Organic
- Conventional
Based on application, the industry can be segmented into:
- Food and Beverages
- Pharmaceuticals
- Cosmetics and Personal Care
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Extensive Applications of Piperine to Aid the Market Growth
The piperine industry is being driven by the rising consumer awareness, along with the growing demand for natural ingredients as well as plant-derived drugs. Further, the extensive applications of piperine in food and pharmaceutical industries, and rising health problems such as colon cancer, digestive, diarrhea, respiratory disorder, and others are expected to support the market growth of piperine over the coming years.
Key Industry Players in the Global Piperine Market
The report gives a detailed analysis of the following key players in the global piperine market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Sabinsa Corporation
- Shaanxi Honghao Bio-tech Co., Ltd.
- Himalayan Herbaria Inc.
- Plamed Green Science Group
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 5.77 billion.
The market is assessed to grow at a CAGR of 5.8% between 2024 and 2032.
The market is projected to witness a healthy growth in the forecast period of 2024-2032 to attain around USD 9.58 billion by 2032.
The major market drivers include rising disposable incomes, increasing population, rising demand for piperine in developing countries, and extensive applications of the product.
The key trends guiding the market include the rising consumer awareness regarding piperine applications in developing countries, the robust growth of the food and pharmaceutical sectors, and the increasing prevalence of health issues, include digestive disorders, colon cancer, and diarrhoea.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading sources of piperine in the market are organic and conventional.
The major applications of piperine include food and beverages, pharmaceuticals, and cosmetics and personal care, among others.
The major players in the market are Sabinsa Corporation, Shaanxi Honghao Bio-tech Co., Ltd., Himalayan Herbaria Inc., and Plamed Green Science Group, among others.
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