Global Bromelain Market Size By Application, By Type, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Bromelain Market size was valued at USD 25.8 Million in 2023 and is projected to reach USD 56.7 Million by 2030, growing at a CAGR of 7% during the forecast period 2024-2030.
Global Bromelain Market Drivers
The market drivers for the Bromelain Market can be influenced by various factors. These may include
Growing Need in the Food and Drink Sector In the food and beverage business, bromelain is frequently utilized as a natural component and as a meat tenderizer. The market for bromelain is being driven by the rising demand for natural and clean label components in food items.
Growing Adoption of Nutraceuticals and Healthcare Bromelain is well-known for its possible health advantages, which include digestive assistance and anti-inflammatory qualities. Bromelain is becoming more and more popular in nutraceuticals and dietary supplements as people become more conscious of their health and well-being.
Increasing Pharmaceutical Applications Because of its enzymatic qualities, bromelain can be used in medicinal settings. Its inclusion into pharmaceutical goods is being driven by its ability to reduce inflammation and assist in the treatment of numerous medical diseases.
Plant-Based Proteolytic Enzymes Are Gaining Favor Bromelain and other plant-derived enzymes are becoming more and more popular as plant-based and vegetarian diets become more popular. The market is expanding as more people look for natural alternatives, thanks to this trend.
Growing Personal Care and Cosmetics Sector Because of its skin-renewing and exfoliating qualities, bromelain is a useful component of cosmetic and personal care products. The industry is expanding as a result of consumers’ increasing desire for skincare and cosmetic products with natural and organic ingredients.
Developments in Technologies for Extraction The yield and efficiency of pineapple bromelain extraction are increasing due to ongoing developments in extraction technology. This lowers production costs and helps producers satisfy the growing demand.
Trade Globalization Bromelain is one of the raw resources and items that can be easily exchanged thanks to the globalization of trade. As a result, market participants now have chances to increase their footprint across various geographic areas.
Initiatives for Research and Development The market is expanding as a result of ongoing research and development efforts aimed at increasing the qualities of bromelain and finding new uses. Investigating its potential for use in pharmaceuticals and other industrial applications is part of this.
Increased Pineapple Production In the market for bromelain, raw material availability is a critical factor. Increased pineapple production in important pineapple-producing areas guarantees a steady and adequate supply of bromelain.
Regulatory Endorsement and Validations The utilization of bromelain in several industries has been approved by regulations, and health authorities’ backing is creating an opportune atmosphere for market growth.
Global Bromelain Market Restraints
Several factors can act as restraints or challenges for the Bromelain Market. These may include
Problems with Initial Cost and Installation Limited Raw MaterialThe fruit and stems of pineapples are used to make bromelain. Unfavorable weather or disturbances in pineapple farming could result in a shortage of raw materials, which would impact the manufacturing of bromelain.
Seasonal Availability Seasons have a big impact on pineapple production. Limited availability of pineapples during particular periods of the year might impair bromelain production and lead to fluctuations in supply.
Price Volatility A number of variables, including variations in weather patterns, agricultural techniques, and worldwide demand, can affect the price of pineapple and, by extension, bromelain. The profit margins of companies that produce bromelain may be impacted by price variations.
Challenges with Extraction Removing bromelain from its skin might be difficult and necessitate advanced technologies. Difficulties encountered during the extraction procedure may impact the bromelain’s overall production and quality.
Regulatory Restraints Manufacturers of bromelain may find it difficult to comply with rules and guidelines in the food and pharmaceutical sectors. The market may be impacted by modifications to legal requirements or problems with compliance.
Competition from Substitutes In a variety of industries, bromelain is up against competition from substitutes and other enzymes. The market for bromelain may change if less expensive alternatives or other enzymes provide comparable or greater performance.
Limited Knowledge Businesses and consumers may not be aware of all the uses and advantages of bromelain, which could impede market expansion. Expanding knowledge about the potential applications of the enzyme might need educational initiatives.
Global Economic Conditions Consumer spending habits and industrial output can be impacted by downturns or uncertainties in the global economy, which can have an impact on the demand for bromelain as a whole.
Global Bromelain Market Segmentation Analysis
The Global Bromelain Market is Segmented on the basis of Application, Type, and Geography.
Bromelain Market, By Application
Food & Beverages Due to the usage of bromelain as a flavor enhancer, meat tenderizer, and beer clarifying agent, this is the largest and fastest-growing market.
Dietary Supplements Due to its possible health benefits, including lowering inflammation and promoting digestion, bromelain is a popular ingredient in supplements.
Medical Applications Bromelain is used to treat wounds and manage sports injuries, among other things.
Bromelain Market, By Type
Stem bromelain This extract from the stem of pineapples is employed in pharmaceuticals and dietary supplements because of its increased proteolytic activity.
Fruit Bromelain Derived from pineapple fruit, this extract has a softer flavor and is chosen for use in food and beverage applications despite having a lesser proteolytic activity.
Bromelain Market, By Geography
North America Market conditions and demand in the United States, Canada, and Mexico.
Europe Analysis of the Bromelain Market in European countries.
Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
Middle East and Africa Examining market dynamics in the Middle East and African regions.
Latin America Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Bromelain Market are
Advanced Enzymes Technologies Ltd.
Hong Mao Biochemicals Co., Ltd.
Enzybel International S.A.
Nutraceuticals International Group
Nanning Pangbo Biological Engineering Co., Ltd.
Biocatalysts Ltd.
Enzyme Development Corporation
Creative Enzymes
Biozym Gesellschaft für Enzymtechnologie mbH
Great Food Group of Companies
Report Scope
REPORT ATTRIBUTES
DETAILS
REPORT ATTRIBUTES
2020-2030
BASE YEAR
2023
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2020-2022
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Advanced Enzymes Technologies Ltd., Hong Mao Biochemicals Co., Ltd., Enzybel International S.A., Nutraceuticals International Group, Nanning Pangbo Biological Engineering Co., Ltd.
SEGMENTS COVERED
By Application
By Type
By Geography
CUSTOMIZATION SCOPE
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