PIPERINE MARKET ANALYSIS

Regional Analysis

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.