Global Bromelain Market

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 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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FAQs

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 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. '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.'

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.

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.

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.

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Global Bromelain Market

Report ID: SQMIG15E2155

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