Bromelain Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

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.

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·         Get market trend data of last 10 years and how market growth will unfold in next ten years;

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·         Extensive analysis of all required market data in one place;

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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:

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