USD 26.2 billion
Report ID:
SQMIG15E2155 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
88
|Figures:
76
Bromelain Market size was valued at USD 0 Million in 2023 and is poised to grow from USD 0 Million in 2024 to USD 0 Million by 2032, growing at a CAGR of 7.1% during the forecast period (2025-2032).
The demand is anticipated to rise due to increased R&D efforts in the healthcare and dietary supplement sectors. Many health advantages of bromelain significantly contribute to its high demand in dietary supplements and healthcare. This feature is expected to further fuel the growing market.
The United States is one of the biggest bromelain markets in the world. In 2021, it generated 91.12% of North America's revenue share. The U.s has historically been a major consumer due to its status as a developed nation. Businesses with American origins invest heavily in R&D and product creation.
The market in dietary supplements contributes no more than 7% of global income. Due to their high levels of self-awareness and purchasing power, the country's citizens are too responsible for this. There is a significant demand for the product as a dietary supplement because Americans are well-educated and aware of the need for supplements in maintaining excellent health. It is used as an anti-inflammatory agent in the healthcare industry. Moreover, it helps reduce swelling and is useful in treating some stomach infections. The item is used as an over-the-counter burn therapy because it supports a swift recovery from burns either administered topically as a cream or taken as a nutrient supplement. Asthma, HIV, rheumatoid arthritis, cancer, and other diseases have also been proven to benefit from its use. The significant demand for enzymes in the pharmaceutical, dietary supplement, and health care around the globe is a result of their benefits, which make enzymes desirable.
A very limited number of players dominate the highly competitive worldwide bromelain market. Since pineapple, which is the main source of bromelain, is a tropical plant, the market players are primarily based in tropical areas worldwide. Therefore, the majority of businesses establish their production facility in tropical nations like Thailand and the Philippines in order to ensure good output, quality, and uninterrupted supply of raw materials. Although the research and development divisions of companies that need to use high-end technology are located in developed nations with access to sophisticated machinery and skilled labor, such as the USA and Germany. Due to their superior infrastructure and technological advances, these nations can support such product enhancement efforts.
Global Market Size
USD 26.2 billion
Largest Segment
Stem
Fastest Growth
Stem
Growth Rate
6.9% CAGR
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Global Bromelain Market is segmented by Source, Type, Form, Enzyme Strength, Application and Region. Based on Source, the market is segmented into Stem and Fruits. Based on Type, the market is segmented into 1200 GUD/g, 2000 GUD/g, 2500 GUD/g, Others. Based on Form, the market is segmented into Powered, Liquid. Based on Enzyme Strength, the market is segmented into Low, Medium, High. Based on Application, the market is segmented into Food and Beverages, Nutraceuticals, Pharmaceuticals, Cosmetics and Personal Care, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Application
Meat and seafood dominated the market in 2021 with a sales share of 45.92%. This is a result of an increase in meat and seafood consumption worldwide. To make meat and seafood more palatable for consumers, bromelain is utilized to tenderize them. The proteolytic enzyme in this enzyme hydrolyzes the proteins in the meat, making the meat tough. Moreover, it helps in the breakdown of the proteins that give meat its softness.
The market in dietary supplements is anticipated to grow at the highest CAGR of 7.4% between 2022 and 2030 in terms of value. This is due to rising consumer spending power and increased health awareness, particularly in developing nations. Many developing economies had untapped potential in this market. By advertising the benefits of bromelain, companies are working hard to boost demand.
The use of bromelain in the bakery, textile, and cosmetic industries is one of the other application categories. It is used in baking to make certain types of flour, dough, and cookies that are quite popular with customers. The silk extraction process in the textile industry uses bromelain to soften the cocoon. Moreover, it is a component in teeth whitening products and lotions for the skin.
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North America held a dominating position in the market, with a revenue share of more than 29% in 2021. This is linked to both the growing recognition of bromelain's benefits and the wealth of the local market. Other factors driving up demand for the product also include increasing need in the meat and seafood industries as well as the health industry.
The Asia-Pacific Bromelain Market is expected to expand at the fastest CAGR between 2022 and 2030. The Asia-Pacific bromelain market is driven by the rise of the baking and confectionery sectors. This is a result of the growing demand for bromelain in the food and beverage industry. The use of bromelain in the manufacturing of beer and as a meat tenderizer is growing the market in the region. India had the fastest-growing bromelain market in the Asia-Pacific region, with China having the largest market share.
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Drivers
Need for Meat Tenderizers to Bolster Market Growth
Restraints
Limited Raw Material Supply to Hinder Market Growth
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The market is highly fragmented and competitive, with a small number of companies. In order to enhance their position, increase profits, and simultaneously find creative and sustainable growth, it has a small but significant number of large international firms engaged in mergers and acquisitions, regional expansions, and product innovations and developments.
However, it is anticipated that the advent of small-scale producers in developing countries, especially China, Thailand, and India, will present potential for the market to grow. Due to fluctuating raw material pricing and availability, companies always struggle to maintain optimum production levels while efficiently allocating resources.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Bromelain market is anticipated to rise due to increased R&D efforts in the healthcare and dietary supplement sectors. Many health advantages of bromelain significantly contribute to its high demand in dietary supplements and healthcare. This feature is expected to further fuel the growing market. The market in dietary supplements contributes no more than 7% of global income. Due to their high levels of self-awareness and purchasing power, the country's citizens are too responsible for this. There is a significant demand for the product as a dietary supplement because Americans are well-educated and aware of the need for supplements in maintaining excellent health. It is used as an anti-inflammatory agent in the healthcare industry. Moreover, it helps reduce swelling and is useful in treating some stomach infections. Due to the region's growing demands for processed meat products and increasing adoption of natural and organic supplements, Asia Pacific is host to the fastest-growing bromelain market. Due to the abundance of pineapples in these countries, China, India, and Thailand are the top producers of bromelain.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 0 Million |
Market size value in 2032 | USD 0 Million |
Growth Rate | 7.1% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Bromelain Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bromelain Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bromelain Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Bromelain Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15E2155
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