USD 24.24 million
Bromelain Market Size, Share, Growth Analysis, By Source(Stem and Fruits), By Type(1200 GDU/g, 2000 GDU/g, 2500 GDU/g and Others), By Application(healthcare, Meat & Seafood, Dietary Supplements and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2155 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
88
|Figures:
76
Bromelain Market Insights
Global Bromelain Market size was valued at USD 24.24 million in 2021 and is poised to grow from USD 26.4 million in 2022 to USD 45.09 million by 2030, growing at a CAGR of 7.1% in the forecast period (2023-2030).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Stem
Fastest Growth
Stem
Growth Rate
7.1% CAGR
Global Bromelain Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Bromelain Market Segmental Analysis
Global Bromelain Market is segmented based on source, type, application and region. Based on source the market is segmented into stem and fruits. Based on type the market is segmented into 1200 GDU/g, 2000 GDU/g, 2500 GDU/g and others .Based on application the market is segmented into healthcare, meat & seafood, dietary supplements and others. Based on region the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
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.
Global Bromelain Market By Source 2022(%)
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Bromelain Market Regional Insights
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.
Global Bromelain Market By Geography, 2022-2030
- Largest
- Fastest
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Bromelain Market Dynamics
Drivers
Need for Meat Tenderizers to Bolster Market Growth
- Due to its digestive and anti-inflammatory effects, bromelain is frequently used in dietary supplements. Bromelain demand is anticipated to rise as consumer awareness of the benefits of natural health supplements increases.
- In that it helps in breaking tough meat fibers, bromelain is often used as a meat tenderizer. The demand for bromelain as a meat tenderizer is expected to rise along with the demand for meat products.
- Bromelain is a popular component in skincare and cosmetic products since research has demonstrated that it has exfoliating and anti-inflammatory properties. The demand for bromelain is anticipated to rise in response to the rising popularity of natural and organic skincare products.
Restraints
Limited Raw Material Supply to Hinder Market Growth
- The manufacturing of bromelain, which is obtained from pineapples, may well be constrained by the lack of raw materials.
- Bromelain production is a time-consuming and expensive procedure, which may raise the end product cost. This could limit its use in some applications.
- The commercialization of novel bromelain products can be slowed down by regulatory restrictions, such as the need for regulatory body approval, which can impede market expansion.
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Bromelain Market Competitive Landscape
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
- Enzybel International SA
- Enzyme Development Corporation
- Hong Mao Biochemicals Co., Ltd.
- Bio-gen Extracts Pvt. Ltd.
- Enzyme Solutions Inc.
- BSC Chemicals GmbH
- Creative Enzymes
- Changsha Natureway Co., Ltd.
- Nanning Pangbo Biological Engineering Co., Ltd.
- Xieli Pharmaceutical Co., Ltd.
- Great Food Group of Companies
- Novodigm Ltd.
- Xena Bio Herbals Pvt. Ltd.
- GfN-Selco GmbH
- Parchem fine & specialty chemicals
- Nutra Green Biotechnology Co., Ltd.
- JF Natural
- SDS Biotech K.K.
- HerbaKraft, Inc.
- M/S Shree Ram Gum & Chemicals Ltd.
Recent Developments
- In September 2021, Bromelain from the Amazon jungle was obtained through a collaboration between the US-based Now Foods and the Brazilian business Amazonia Bio. Bromelain is one of the natural substances that the collaboration wants to support in terms of ethical and ecological sourcing.
Bromelain Key Market Trends
- The demand for bromelain supplements in the healthcare industry is rising due to a growing understanding of the advantages of natural and organic products. Among other conditions, osteoarthritis, sinusitis, and digestive problems are all addressed with bromelain supplements.
- In the food and beverage business, bromelain is frequently used as a meat tenderizer, taste enhancer, and clarifying agent. The bromelain market is anticipated to develop as a result of the rising demand for processed meat products, particularly in Asia Pacific.
- Though due to its anti-inflammatory and exfoliating qualities, bromelain is being used more frequently in the cosmetic sector. It helps promote healthy skin and minimize inflammation when used in skincare products.
- Large-scale bromelain extraction from pineapples has gotten easier due to developments in extraction technology. Lower prices could be explained by a rise in bromelain availability and production.
- 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.
Bromelain Market SkyQuest Analysis
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 24.24 million |
| Market size value in 2031 | USD 45.09 million |
| Growth Rate | 7.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Bromelain Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Bromelain Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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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