According to the report analysis, ‘Europe Black Pepper Oleresin Industry Situation And Prospects Research Report’ suggests that some of the major companies which are currently functioning in this industry with upgrading technology and in effective manner includes Venkatramna industries, PT Mitra Ayu Adi Pratama, India Essential Oils, SAT Group, Plant Lipids, A.G. Industries, Synthite Industries, NAR Spice Products, Hebei Tianxu Natural Pigment and others. Vendors are doing their job very efficiently to improve the efficiency of the black pepper even more. The black pepper oleoresin also exhibit anti-inflammatory properties.Black pepper oleoresin is very much famous as food additive and referred to as the ‘King of Spices’. Black pepper belongs to the family of Piperaceae. The pepper oleoresins are known to retain these antioxidant properties in liquid extracts and are thus used in food industry as well as in pharmaceutical industry. Primarily, because of strong flavor black pepper oleoresin is obtained. Moreover, the usage of black pepper has been as a spice from the medieval times. Black pepper oleoresin is mostly used as species but it is also known for its medical properties. Not only has this, on the basis of demand the classification of black pepper oleoresin is done in the market which includes oleoresin black pepper 30%, oleoresin black pepper 40%, oleoresin black pepper 65%, and other piperene content. Whereas, the applications are also split in the market on the basis of usage which include pharmaceutical, cosmetic, food products and others.
Black pepper oleoresin have many flavor and is far popular than other varieties. Black pepper oleoresin having so many potential uses which primarily driving the demand of this in the market rapidly such as it is used in meat as a flavoring agent, as a traditional medicine used in various medical system including liver problems, joint pains and others.
Black pepper owing the aromatic properties, it can be used as an application for cosmetics and personal care particularly for aromatherapy. The growth of the market is driven by the usage of black pepper as a traditional medicine or in pharmaceutical industries. This signifies the trend also which significantly important for the vendors for acquiring the huge share in the market of black pepper oleoresin. With the wide usage of black pepper oleoresin market is segmented on the basis of the end-use which includes retail and industrial. Moreover, the black pepper is available with the various flavors and the distribution channel also segmented on the basis of properties. For acquiring major share in the market, increase in the demand and significant growth in the market of black pepper oleoresin the key vendors have started targeting the end users and also segment the regions where the demand for black pepper oleoresin is seasonal.
Geographically, the market of black pepper oleoresin is spread across the Europe due to the wide usage in cosmetics, food products and pharmaceuticals which includes Germany, Italy, UK, France, Russia and other regions. Extraction of oleoresin was first developed in Germany which was commercialized in the early twentieth century. The biggest consumer of oleoresin have been the processed food sector in the developed countries, where the purchasing power is high. Therefore, due to wide usage the market is expected to grow in the coming years over the next few years with more efficiency of the product.
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Ankur Gupta, Head Marketing & Communications