Bromelain Market Demand, Applications and Future Outlook
According to a research report published by Spherical Insights & Consulting, the Global Bromelain Market Size Expected to Grow from USD 26.81 Million in 2023 to USD 51.8 Million by 2033, at a CAGR of 6.8% during the forecast period 2023-2033.
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Bromelain is a natural protein that is primarily sourced in the stems and juices of pineapples. It is widely known for its propensity to degrade proteins and the possible uses that derivations hold in diverse healthcare applications. Bromelain is prescribed as one of the natural medicinal agents due to its procurement of anti-inflammation and digestive activity. It is important because it helps the body to digest the protein molecules properly and can be very beneficial for all digestive trouble patients. It also helps to treat a person suffering from injury or an operation, as it possesses anti-inflammatory properties, thus being one of the best-known natural remedies for swelling. The demand for bromelain is expected to increase as consumers become more aware of the benefits of natural health supplements. Bromelain is popularly recognized as a meat tenderizer because it breaks strong meat fibers. Thus, bromelain as a meat tenderizer demand is anticipated to grow much with the increase in meat market size. Since studies have attested to bromelain as exfoliating and anti-inflammatory, it will be widely used in skincare and cosmetic products. Owing to the growing popularity of natural and organic skincare products, demand for bromelain is expected to rise. However, bromelain manufacture and marketing are limited by the unavailability of raw materials, high production costs, and legal constraints from having a market limitation.
Browse key industry insights spread across 200 pages with 100 Market data tables and figures & charts from the report on the Global Bromelain Market Size, Share, and COVID-19 Impact Analysis, By Source (Stems and Fruits), By Type (1200 GDU/g, 2000 GDU/g, 2500 GDU/g, and Others), By Application (Healthcare, Dietary Supplements, Food & Beverages, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
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The fruits segment is expected to hold the largest share of the global bromelain market during the forecast period.
Based on the source, the global bromelain market is categorized into stems and fruits. Among these, the fruits segment is expected to hold the largest share of the global bromelain market during the forecast period. The growth is attributed to its high bromelain concentration; pineapple fruit is associated with many characteristics. Fruit bromelain obtained from the fruit of the pineapple plant does have a lesser enzyme activity than stem bromelain; fruit bromelain is prized as it renders numerous advantageous properties in the cosmetic industry. Fruit bromelain, as useful and versatile in cosmetic applications, reflects the significance it bears within the beauty industry, despite being lower in enzymatic activity compared to other sources.
The 2500 GDU/g segment is expected to grow at the fastest CAGR during the forecast period.
Based on the type, the global bromelain market is categorized into 1200 GDU/g, 2000 GDU/g, 2500 GDU/g, and others. Among these, the 2500 GDU/g segment is expected to grow at the fastest CAGR during the forecast period. The growth is driven by bromelain, which, at its high potency, comes in quite handy in the pharmaceutical field, where one seeks strong anti-inflammatory and pain-relieving properties. The types of bromelain can be selected by which the pharmaceutical products can best be formulated to cater to specific health conditions. Greater efficacy can be achieved in the treatment of inflammation and pain by maximally utilizing bromelain for its various application areas through judicious selection.
The dietary supplements segment is expected to grow at the fastest CAGR during the forecast period.
Based on the application, the global bromelain market is categorized into healthcare, dietary supplements, food & beverages, and others. Among these, the dietary supplements segment is expected to grow at the fastest CAGR during the forecast period. As consumer purchasing power rises and consumer health awareness in developing economies grows, bromelain is gaining traction as an ingredient in dietary supplements without losing ground in its use as a meat tenderizer, in beer production, or as a food preservative. Thus, increased use of bromelain-based dietary supplements yields beneficial effects on market growth.
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North America is projected to hold the largest share of the global bromelain market over the forecast period.
North America is projected to hold the largest share of the global bromelain market over the forecast period. An increase in demand for bromelain has been observed, directly proportional to the increased realization of health benefits from this compound coupled with growing local market expansion. This growing demand is complemented by increasing industrial needs, especially from the meat and seafood industries, which depend on bromelain due to its effective tenderizing properties. After that, the gradually increasing recognition, demand from industry, and the emerging overall market drive the progressive increase in consumption of bromelain.
Asia Pacific is expected to grow at the fastest CAGR of the global bromelain market during the forecast period. There is an increasing trend in both baking and confectionery among the Asia-Pacific countries, which is pushing the consumption of bromelain in the food and beverage industries. Due to increased applications of bromelain in the production of beer and as a meat tenderizer, there are rising markets for bromelain in this part of the world. India has shown the greatest growth in bromelain consumption across all countries in the Asia-Pacific region while China accounted for the largest share of the market.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global bromelain market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global bromelain market are Sun Pharmaceutical Industries Ltd., Antozyme Biotech Pvt Ltd., Biolaxi Corporation, Biozym Gesellschaft fur Enzymtechnologie mbH, Creative Enzymes, ENZYBEL GROUP, Mitushi Biopharma, Advanced Enzyme Technologies, Undersun Biomedtech Co., Ltd, Dayang Chem (Hangzhou) Co., Ltd, Enzyme Technology (PTY) Ltd., Guangxi Nanning Javely Biological Products Co., Hong Mao Biochemicals Co., Ltd., Ursapharm Arzneimittel GmbH, Botanic Healthcare, Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In January 2023, Sun Pharma acquired 3 brands from Aksigen Hospital Care, the clinically driven healthcare business with over 20 years of experience.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global bromelain market based on the below-mentioned segments:
Global Bromelain Market, By Source
- Stems
- Fruits
Global Bromelain Market, By Type
- 1200 GDU/g
- 2000 GDU/g
- 2500 GDU/g
- Others
Global Bromelain Market, By Application
- Healthcare
- Dietary Supplements
- Food & Beverages
- Others
Global Bromelain Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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