Bromelain Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030
Page: 215 | Report Code: FB23120401 | Research Suite: Report (PDF) & Market Data (Excel)
The global market value of the bromelain market was USD 25.1 million in 2022, and it is estimated to grow at a CAGR of 7.2% during the forecast period. It is a type of enzyme that is found in pineapple and helps our body fight against pain and swelling. The growing inclusion of bromelain in healthcare and dietary supplements is driving the demand for bromelain significantly. Due to the high self-awareness of the people, this market is witnessing significant growth globally and is expected to grow more rapidly. Increasing demand for it in stomach infections is driving the growth of the bromelain market. There is increasing demand for it in the healthcare, pharmaceutical, and dietary supplement industries. The increasing demand for bromelain in the bakery industry as a flavor enhancer is driving the growth of the market.
Impact
of Covid-19
Due to the disruption in the supply chain, the early phase
of COVID-19 was horrible for the bromelain market. But later on, with the ease
of restrictions, the demand for bromelain in bakeries, textiles, and cosmetics
industries increased. The bromelain market is very competitive. Initially,
there was a challenge in harvesting pineapples, which impacted bromelain
production. Increased awareness of its potential health benefits, especially
its immune-boosting properties, has led to a subsequent rise in demand
post-pandemic.
Growth
Drivers
Growth drivers in the bromelain market include its wide
application in pharmaceuticals, healthcare, and food industries due to its
anti-inflammatory, digestive, and potential anti-cancer properties. The
increasing consumer awareness of natural and plant-based remedies has
contributed to their demand, along with research and development for new
applications. Some studies suggest that it inhibits the growth of certain
cancer cells. It also works to increase immunity and fight against several
diseases. Bromelain has protein-dissolving properties. Demand for natural
alternatives in various sectors is driving the growth in the bromelain market
significantly. Due to its exfoliating and skin-soothing properties, bromelain
is widely used in the cosmetics industry. Its natural enzymes have a cool and
calm effect on the skin.
The increasing use of bromelain in the cosmetics industry
and pharmaceuticals is driving the growth of the market significantly. It is
naturally used in pharmaceuticals as a natural remedy for reduced swelling. It
is useful, particularly after surgery or injury. It is also beneficial for
critical diseases like osteoarthritis. It is widely used in bakeries for flour,
dough, and cookies, which are highly desired by consumers. The textile industry
utilizes bromelain to soften the cocoon for easy extraction of silk. Increasing
demand for skin and teeth-whitening creams is driving the growth of the market.
There is an increasing demand for bromelain to treat arthritis patients, muscle
soreness, and various digestive issues. In food processing, it is used as a
meat tenderizer, and in dairy, it is used to improve texture.
Segmentation
Source
·
Stem
·
Fruit
Application
·
Healthcare
·
Meat, and Seafood
·
Dietary Supplements
·
Others
Regional
Outlook
·
Asia Pacific
·
North America
·
Latin America
·
Europe
·
Middle East and Africa
Bromelain
Market Source Segmentation
On the basis of source, the bromelain market is segmented into stems and fruits. The stem segment holds a significant share of the market. A major part of commercial bromelain is extracted from pineapple stems, as it is a cheaper source and a non-edible part of the fruit. Stem bromelain is widely used as a therapeutic agent and food additive. It is used to treat bronchitis, wounds, and inflammation. This stem bromelain is widely used in cosmetics and pharmaceuticals and is expected to remain the dominant segment during the forecast period.
Bromelain
Market Application Segmentation
On the basis of application, the bromelain market is
segmented into healthcare, meat and seafood, dietary supplements, and others.
Healthcare is the leading segment and is expected to maintain its dominance
during the forecast period due to its usage in chronic diseases like cancer to
damage cells. Increasing demand for bromelain in the cosmetic industry and
pharmaceuticals is driving the growth of the market significantly. Bromelain is
also used as a dietary supplement. Bromelain is a very useful enzyme and is
also used in bakeries to bake various items.
Bromelain
Market Regional Outlook Segmentation
On the basis of regions, the bromelain market is segmented
into 5 regions: Asia Pacific, Europe, North America, Latin America, the Middle
East, and Africa. Europe is expected to lead the market and dominate it during
the forecast period due to the wider adaptability of stem bromelain in cosmetics,
dietary supplements, and bakery products. The bakery industry is among the most
developing industries in the world. The increasing use of stem bromelain in
flavor enhancers and dough improvers is growing the market significantly during
the forecast period. In Germany, France, and Italy, stem bromelain is used as a
health supplement.
Asia Pacific, accounting for 30% of the market share, is the
second-largest market in the world. Bromelain is developed mainly in the region
where pineapples are grown. Due to optimum land availability and favorable
conditions, Asia Pacific is growing the largest quantity of pineapples in the
world. This enzyme is gaining popularity as a nutricosmetic component in Asia
Pacific; as a result, bromelain-enriched face masks and other cosmetic products
are widely used, and this is overall benefiting the healthcare market
significantly.
North America, particularly the United States of America, is also a big market for bromelain because of the rising awareness among people about healthcare and product benefits in various endeavors. The market in North America is expected to grow positively due to the increasing use of bromelain in cosmetics, pharmaceuticals, and the medical industry. US food, and drug association has identified Bromelain as a food additive. Middle East and Africa region is completely deprived of this product, so by trade, by export the bromelain is transported to this part of the world.
Key
Players
·
Hong Mao Biochemicals company Limited
·
Nanning Doing Higher biotech company
limited
·
Enzybel International S.A.
·
Great Food group of Companies
·
Enzyme Technologies
·
Changsha Natureway Company Limited
·
Enzymetechnlogic GmbH
·
Guanxi Nanning javeli company limited
·
Biozym Gesellschaft fur
Enzymetechnologic mbh
·
Other Players
Global Bromelain Market research report presents a strategic
analysis of the global Bromelain Market and a forecast for its development in
the medium term, taking into account the impact of COVID-19 on it.
This report delivers market size, regional and country
market data, segmentation growth, market share, competitive landscape,
company’s Bromelain revenue analysis, strategies of domestic and global market
players, opportunities analysis, strategic market growth analysis, and
technological innovations. It analyses historical and current market data to
accurately gauge its future growth potential. This market report provides
in-depth analysis and insight of market drivers, challenges, trends & opportunities.
At the same time, comprehensive coverage of major vendors (recent product
development & industrial activities, company overview, insights on business
strategy & financial performance, company SWOT analysis) is provided to
give competitive overview. This study presents most detailed (COVID-19 updated)
and in-depth analysis about the global Bromelain market, covering all global
regions and countries. The report provides intricate dynamics for each of the
countries covered, offering unmatched value, accuracy and expert insights.
Report
Purpose
The purpose of the report is to portray the state of the
global Bromelain Market and to present real and expert-verified data and
insights about the market values, volumes, dynamics, segmentation and prices.
It also offers forecast for the market development in the short and medium term
and the impact COVID-19 has and will have on it. Further, it covers in-depth
analysis of the key market players, industry trends and insights, growth
drivers and challenges and all other factors, influencing the growth of market.
Scope
of the Report
The
report on the global Bromelain Market presents:
·
Historical Data: Market data including
volume, growth rate, value, and dynamics; Market segmentation (by product, by
region and by country; etc.) for the last five years;
·
Strategic Insights for companies
looking to launch new products to diversify their business, exploring leading
countries to establish supply chain, and top countries to increase company export
and go global
·
Comprehensive Regional Market Data:
volume, growth rate, value, market share and dynamics of for the last five
years (broken down by region);
·
Market Dynamics: Analysis of the
factors impacting the market including demand drivers, industry trends and
challenges and the short and the medium-term impact of COVID-19 presently and
in near future;
·
Analysis and forecast for the global
economy and demographics;
·
Supply chain and value chain analysis,
risk analysis of supply side and demand side;
·
Market Forecast for next ten years
(market share, year-on-year growth, volume, value and segmentation by region);
·
Company profiling of key market players
covering company’s Bromelain revenue, sales and market share;
·
Comprehensive coverage of competitive
landscape offering market positioning and snapshot of key business strategies;
·
Porter’s Five Forces analysis;
How Can
You Benefit from This Report?
In this
report you can:
·
Track and identify key market trends
and insights and key drivers behind recent market changes and see the impact
COVID-19 has and will have on the market in both the short and the medium term;
·
Get access to reliable and verified
market data, with which aids you to make confident business decisions;
·
Analysis of market numbers, such as
volume, value, forecasts, dynamics, segmentation and market structure – past,
present and future;
·
Gain competitive intelligence about the
market at low cost as compared to other reports;
·
Understand growth potential countries
and regions, opportunities, growth drivers and barriers on the market;
·
Own data spreadsheet for comparison at
global, regional and for individual country, covered in the report;
·
Analyse countries with highest and
lowest demand for Bromelain and countries in each region which will grow at
highest growth in next five years.
·
Strategically plan business strategy
based on verified market data and expert insights;
·
Identify revenue generation
opportunities in the countries and regions within the market;
·
Get market trend data of last 10 years
and how market growth will unfold in next ten years;
·
Market share analysis and positioning
of leading market players;
·
Get an assessment of competitive
intensity, fragmentation and environment and understand competitive threats;
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Get hands on data your competitors
might already have and be acting upon;
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Assess your position on the market,
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Extensive analysis of all required
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analysis for region and country and strategies business activities;
·
Develop your own market entry or market
expansion strategy or validate your current strategy;
·
Get easy to read, perceive and
understand report.
What
Kind of Decisions You Can Make Based on the Data in This Report?
This
report detailed and all-inclusive data on Bromelain Market, providing valuable
support to make vital decisions regarding:
·
Strategic planning;
·
Industry analysis;
·
Target Market/Marketing and sales;
·
Regional and country assessment and
opportunity analysis;
·
Market entry into new product group or
country;
·
Pricing of existing and new products;
·
New product development and Innovation
in existing products;
·
Supply chain management;
·
Market evaluation;
·
Mergers, Expansions, Joint Ventures and
acquisitions.
Who Is
This Report for?
This
report is intended to give broad overview of market to people who already are
working on this market:
·
C-suite Level executives;
·
Directors;
·
Industry strategists;
·
Marketing professionals;
·
Business development professionals;
·
Product developers;
·
Product marketers and strategists;
·
Product managers;
·
Project managers;
·
Suppliers;
· Traders;
This
report also caters to people who are not involved in the market,
representatives of investors, consultants, advisors and financial institutions:
·
Management consultants;
·
Investment managers;
·
Financial professionals;
· M&A managers.
Regional
Coverage
The report on the global Bromelain Market breaks down the
world into the following regions & countries and covers every single one of
them:
Report
Customization
If the report as is does not serve your market research needs, get it customized at free of cost, as per your own specific requirements. Feel free to contact us for more information!