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

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.