The growing demand for black pepper oleoresin in the processed food sector in the developed countries due to high purchasing power, growing popularity of black pepper oleoresin in many emerging markets such as North America, West Europe, and others, and big demand in fragrance industries is driving the global black pepper oleoresin market
COVID-19 Impact and Market Status
The COVID-19 pandemic had a substantial impact on a variety of industries, including autos, agriculture, food and beverage, semiconductors, electrical and electronic equipment, and many others. This COVID-19 pandemic has an impact not just on human healthiness but also on economic and financial progress. Manufacturing sectors have halted output due to supply chain problems, workforce shortages, and a lack of raw materials as a result of various government laws such as lockdowns, transportation prohibitions, and closures of various sectors. In this pandemic condition, the oleoresins industry is also suffering. The halting of oleoresin manufacturing, the closure of oleoresin retail shops, and the fact that people are staying in their homes owing to the lockdown are all factors that restrict demand for oleoresins and therefore the market's expansion.
Companies Increase R&D for Black Pepper
Manufacturers with in black pepper oleoresin marketplace are working on enhancing the technology or oleoresin extraction and growing product awareness while growing their business on the global scale to fulfil rising consumer demand for superior products & services. Super - critical CO2 extraction, hydro distillation, content providers, solvent evaporation, fractional distillation, crystallisation, and colour formulations are all enhancing technological capabilities in the black pepper oleoresin sector. Supercritical fluid extraction is a technology used by businesses inside this black pepper oleoresin business. This technology outperforms traditional methods because it enables the development of food and pharmaceutical-grade products that are completely fit for human consumption while preserving the whole profile of raw spices, including fresh, smell, and other qualities.
Europeans Leading the Production and Distribution
Europe is the greatest producer and user of Pepper Oleoresin, accounting for more than half of global consumption, followed by Apac. In Asia Pacific, India is the leading producer of pepper, although North America and Europe consume the most pepper oleoresin. In the future, the Arab World, as well as Latin America, are likely to grow significantly.
Growing Demand for Organic Products: A Booster for the Market
Oleoresins are becoming more popular because to the increased demand for organic products and the convenience they provide. Organic components are preferred by consumers due to the numerous health advantages that these goods provide, and manufacturers have begun to take this into account. When compared to conventional foods, market for organic products is higher. The need for such products is significant, and it is defining the demand forecast for organic ingredients in main utilising industries, thanks to improving living standards and increased disposable income of consumers. Oleoresins made from natural and natural raw resources are not always expensive, ensuring higher profits, but they also have a good impact on consumer behaviour. This not only provides significant financial benefits, but also ensures that client relationships are maintained for a longer period of time.
Owing to benefits such a natural flavouring and colouring agent, enhanced visual appeal, increased shelf life of products, more economical than whole and ground spices, has paved the way for supremacy and demand of black pepper oleoresin in the global market. This is driving the global black pepper oleoresin market.
Oleoresin is a flavour extract made by extracting pepper with a solvent. The oleoresin is extracted from of the ripened, seeds of black/white pepper, also known as peppercorn, and is endemic to south China and Vietnam.
Pepper oleoresins (black/white pepper oleoresin) is used prominently due to its strong flavour, which is used as a flavouring and colouring agent in the food and beverage sector. Pepper oleoresin is characterised by a yellowish-brown fluid with such a distinct, pungent odour of black pepper.
By 2029, the global black pepper oleoresin industry is expected to be worth more than USD 3536.8 million, growing at a CAGR of 9.6% over the projected timeline of 2022–2029. Oleoresins are volatile or non-volatile mixtures attained by extracting spices by means of non-aqueous solvents. These have the same traits and qualities as the spices from which they are made.
Black pepper oleoresins are most widely used in the Sri Lankan food industry as a food colouring and a food flavouring agent. Black pepper oleoresin is preferred over the synthetic preservatives by universal packed juice manufacturers.
Oleoresins have grown popular inside the beverage industry because they offer a nice foundation flavour and a simple flavour character. Apart from that, they are also utilised to give natural colour to beverages, which enhances the need for oleoresins and therefore the market's growth. Oleoresins come in a broad variety of forms, giving them the ability to create new or better natural foods and flavourings. Instead of utilising flavourful marinades, some firms are making their own marinades and other spices. Apart from that, oleoresins are utilised in the creation of condiments, sauces, mayo, and pickled, which drives up demand for them.
The vital advantages and benefits of black pepper oleoresin include its rich anti-inflammatory properties coupled with anti-arthritic and anti-rheumatic properties. Oleoresin is considered to be an exceptional source of antioxidants and helps in upholding healthy blood sugar levels. An added advantage of black pepper oleoresin is its ability to improve skin appearance and fight skin germs. In the food/ edible market, it is used as a preservative and an anti-microbial ingredient.
Although oleoresin, if taken in the right proportions, is very much beneficial to the human body, if consumed more than required, it might cause burning sensations in the throat and stomach. This is limiting the demand of black pepper oleoresin hampering the global black pepper oleoresin market.
Furthermore, the growing demand for black pepper oleoresin in the for natural agents, big demand of black pepper oleoresin in processed food and fragrance industries for natural colouring and flavouring agents is driving the global black pepper oleoresin market. Most importantly, consumers becoming more health conscious is increasing the market demand for natural flavour and colouring agents. This is anticipated to be a growth opportunity to the global black pepper oleoresin market.
The global black pepper oleoresin market players include Synthite Industries, Plant Lipids, Akay Flavours & Aromatics, AVT Natural Products, Universal Oleoresins, BOS Natural Flavours, Greenleaf, and Vidya Herbs. This list of companies has the market players that have stuck to their strategies and have executed all of them successfully. The black pepper oleoresin market is primarily driven by the increasing demand of pharma industry, beverages and food industry. The market is highly volatile to the changes and alterations in the raw material market as it directly effects the manufacturing and production of the same. To tackle this problem, the market players sign long-term agreements and contracts with the raw material suppliers. Since this industry is on a global rise, many vital players of the market are expanding their production houses and operations to multiple growth driven locations.
Latest Innovations in the Global Black Pepper Oleoresin Market: A Snapshot
- The black pepper oleoresin market is witnessing growth as the key market players are on their way to come up with new innovations on a regular basis; the most recent one being the evolution of essential oils. It doesn’t stop at essential oils though, today we have black pepper spray as well as fragrances; these were mere ideas of a few companies that have now become an integral part of the market.
Black Pepper Oleoresin Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 3536.8 million|
|Growth Rate||CAGR of 9.6% during 2021-2028|
|Segment Covered||Product, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||Plant Lipids, Akay Flavours & Aromatics, AVT Natural Products, Universal Oleoresins, BOS Natural Flavours, Greenleaf|
Key Segments of Global Black Pepper Oleoresin Market
Product Overview, 2019-2029 (USD Million)
- Black Pepper
Application Overview, 2019-2029 (USD Million)
- Food & Beverages
Regional Overview, 2019-2029 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa