Bromelain Market Research Report – Global Forecast till 2027

Bromelain Market Research Report: By Source (Stem, Fruits), By Type (1,200 GDU/g, 2,000 GDU/g, 2,500 GDU/g, Others), By Application (Healthcare, Dietary Supplements, Food & Beverages, Others) - Global Forecast till 2027

ID: MRFR/F-B & N/5799-CR | January 2019 | Region: Global | 182 Pages         

Bromelain Market

The bromelain market is estimated to acquire a market value of 1,154.4 Mn while expanding at a CAGR of 4.39% by 2027.

Segmentation

By Source Stem Fruits
By Type 1200 Gdu/G 2000 Gdu/G 2500 Gdu/G Others
By Application Healthcare Dietary Supplements Food & Beverages Others

Key Players

  • Enzybel Group (Belgium)
  • Changsha Natureway Co. Ltd. (China)
  • Nutriteck (Canada)
  • Enzyme Development Corporation (U.S.)
  • Fooding Group Limited (China)
  • Krishna Enzytech Pvt. Ltd. (India)
  • Creative Enzymes (U.S.)
  • Hong Mao Biochemicals Co. Ltd. (Thailand)
  • Food State Company (U.K.)
  • Advanced Enzyme Technologies (India)

Drivers

  • Increase in demnad of health advantages
  • to gain traction in the food and beverage industry
  • increase demand for enzymes
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Bromelain Market Overview:


As per the assessment by Market Research Future (MRFR), the bromelain market is estimated to acquire a market value of 1,154.4 Mn while expanding at a CAGR of 4.39% by 2027.


The bromelain market is expected to develop due to reasons such as increased awareness of bromelain's advantages and its widespread use in the treatment of cardiovascular diseases. During the projection period, however, the market will encounter challenges and restrictions due to concerns about excessive Bromelain dosage and adverse effects on health. The Bromelain market's growth would be aided by a growing knowledge of bromelain's health benefits. Bromelain is a unique enzyme that is extracted from pineapple stems and fruit and is employed in a variety of sectors due to its medical and other qualities. Bromelain is a protein that is used in the food and beverage industry to tenderize red meat and shellfish and reduce post-processing time. Bromelain is also employed in the pharmaceutical business since it helps to reduce swelling, nasal problems, maintain heart health, reduce allergies, and improve digestion.


COVID 19 Analysis


The COVID-19 outbreak is expected to have a moderate impact on the bromelain market share. The cosmetic industry's demand is projected to fall as a result of the lockdown and closure of non-essential industries. On the other hand, the food and beverage sector are predicted to offer growth potential because bromelain is used to soften red meat, which is expected to benefit the bromelain market size. While demand from the cosmetics business may suffer a minor reduction due to strict lockdown measures and the closure of the retail sector, bromelain is widely utilized to tenderize red meat, so the food and beverage sector is likely to present significant development potential. To acquire a competitive advantage, market participants are expected to focus on research and development initiatives and handle supply chain difficulties. People are demanding nutritious food ingredients and dietary supplements, which is raising demand for bromelain-based food products, which has raised the demand for bromelain during the pandemic.


However, due to a lack of efficient transportation facilities, raw materials are not reaching the processing plants, and labor supply has also decreased causing a decrease in the Bromelain Market Trends.


Market Dynamics


Drivers


Increasing awareness of Bromelain's health advantages is projected to be a major factor driving Bromelain’s market share over the forecast period. Bromelain is also useful in the treatment of cardiovascular diseases, excessive blood pressure, and other conditions. As a result, the healthcare sector is expected to be a lucrative market, helping to boost enzyme demand. Apart from the healthcare sector, Bromelain is expected to gain traction in the food and beverage industry, which will benefit the market significantly during the forecast period. During the analysis period, the growing demand for natural cosmetics is expected to present significant prospects. In addition, the establishment of biorefinery facilities is expected to increase demand for enzymes, which would present growth possibilities for Bromelain producers and thus, make Bromelain Market Forecast true.


Restraints


The overdose of bromelain might induce moderate side effects such as diarrhea, vomiting, nausea, and heavier-than-normal menstrual bleeding in some people. Furthermore, there is little data to support its safety when used during pregnancy or breastfeeding. When bromelain is used with medicines like tetracycline or amoxicillin, it can cause negative effects. When bromelain is used with antiplatelet and anticoagulant medications, it causes severe bruising and bleeding. The lack of understanding of bromelain's benefits in underdeveloped nations is projected to be a significant hurdle that would stymie the market's growth throughout the forecast period. As a result, the use of bromelain is restricted, and the bromelain market suffers a lot as a result. Thus, these restraints hamper the market and also hamper the bromelain market outlook.


Technology Analysis


Bromelain is employed in the pharmaceutical business because it helps to reduce puffiness, sinus disorders, cardiovascular health, allergies, digestion disorders, and a variety of other diseases. Apart from that, the beauty and personal care sector, nutritional supplement makers, dairy processing units, paper and leather processing industries, and confectionaries all employ Bromelain. The industry's growth is linked to a new application of Bromelain in the pharmaceutical industry to prevent arthritis and other joint discomfort. The Bromelain market is growing due to an increase in its application in the processed meat sector for use in ready-to-cook and ready-to-eat meat cuisines. Thus, the adoption of Bromelain in all these industries and technologies used in manufacturing those products has made a larger positive impact on Bromelain Market Analysis.


Segment Overview


The Bromelain Market Analysis is done considering various segments that will help the market grow as per the predicted CAGR growth and prove the Bromelain Market Forecast true by the end of the forecast period in 2028. The market has been segmented based on the following:


Based on the application, the market has been segmented as follows:



Based on the type, the market has been segmented as follows:



  • 1,200 GDU/g

  • 2,000 GDU/g

  • 2,500 GDU/g

  • Others


Based on the source, the market has been segmented as follows:



  • Stem Bromelain

  • Fruit Bromelain


Based on the forms, the market has been segmented as follows:



  • Cream

  • Powder

  • Tablet

  • Capsules


Based on the sales channel, the market has been segmented as follows:



  • Online Sales

  • Retail Sales

  • Pharmacies and Drug Stores


Based on the region, the market has been segmented as follows:



  • North America

  • Europe

  • Asia-Pacific

  • LAMEA


Regional Analysis


North America is expected to lead the global market during the forecast period. Bromelain is gaining popularity in North America as a meat tenderizing agent for ready-to-eat processed foods, which will help the industry grow over the assessment period. In Europe, it is expected to gain the second-largest market share throughout the projection period. As a result of its increasing use in medications, bromelain is gaining popularity in Europe as well. The APAC region is expected to see considerable market expansion throughout the forecast period. The textile industry's ongoing technological progress is expected to drive demand for bromelain, which will likely boost the regional market in the forecast period because of the growing use of bromelain in the baking industry. Thus, the growth of the bromelain market is expected to be boosted in each region.


Competitive Landscape


With increased merger, acquisition, and partnership activity, the industry is expected to see intense competition among leading competitors. Key businesses are employing a variety of strategies to expand their consumer base, which can help industrialists compete more effectively. In addition, several new items are being introduced, which will likely make the market more competitive in the future and will increase the value of the bromelain market. The key market players are as follows:



  • Enzybel Group (Belgium)

  • Changsha Natureway Co., Ltd. (China)

  • Nutriteck (Canada)

  • Enzyme Development Corporation (U.S.)

  • Fooding Group Limited (China)

  • Krishna Enzytech Pvt. Ltd. (India)

  • Creative Enzymes (U.S.)

  • Hong Mao Biochemicals Co., Ltd. (Thailand)

  • Food State Company (U.K.)

  • Advanced Enzyme Technologies (India)


Recent Developments



  • Enzyme Development Corporation presented ENZECO FICIN 100, a new food-grade biocatalyst and botanical protease, to the biocatalyst community. Ficin, like papain and bromelain, is an endo-protease. Ficinol is a non-GMO proteolytic biocatalyst derived from Ficus species latex (tropical fig tree). It's FDA-approved for use in food, and it's perfect for clean-label products.

  • Enzybel International has joined the Belgian Health Ingredients Group (BHIG), and its bromelain production facility in Indonesia has been recognized as a GMP EU pharmacy. Enzybel Asia Pacific/PT BE is the world's first fully vertically integrated bromelain company, from manufacture to distribution. Enzybel Asia Pacific/PT BE extracts and purifies naturally from pineapple stems following GMP and API requirements.

  • Advanced Enzymes Technologies Limited acquired a 100 percent stake in evoxx Technologies GmbH, which is based in Germany. The acquisition enabled the company to expand its R&D capabilities and create any enzyme compounds it desired.


Report Overview


Individual strategies are discussed in the study on the global bromelain market trends, followed by company profiles of Bromelain Market Forecast. The study includes a competitive landscape section that gives readers a dashboard view and a company market share analysis of key competitors in the worldwide bromelain market outlook. This research gives an analytical portrayal of the global bromelain industry, as well as current trends and future projections, to identify potential investment opportunities.


 



Report Scope:

Report Attribute/Metric Details
  Market Size    USD 1,154.4 Million
  CAGR   4.39% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units    Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Source, By Type, By Application, and By Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Enzybel Group (Belgium), Changsha Natureway Co. Ltd. (China), Nutriteck (Canada), Enzyme Development Corporation (U.S.), Fooding Group Limited (China), Krishna Enzytech Pvt. Ltd. (India), Creative Enzymes (U.S.), Hong Mao Biochemicals Co. Ltd. (Thailand), Food State Company (U.K.), Advanced Enzyme Technologies (India)
  Key Market Opportunities   The increase in demand for enzymes will create more opportunities
  Key Market Drivers   Increase in demand of health advantages


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Frequently Asked Questions (FAQ) :

Bromelain market could surpass a valuation of USD 1154.4 Million by 2027.

Bromelain market CAGR would be 4.39% during the forecast period.

Volume-wise the bromelain market would reach 579,958.3 kg.

The bromelain market volume-wise CAGR for the forecast period would be 6.54%.

The bromelain market players are Nutriteck (Canada), Creative Enzymes (U.S.), Changsha Natureway Co., Ltd. (China), Enzybel Group (Belgium), Enzyme Development Corporation (U.S.), Advanced Enzyme Technologies (India), Krishna Enzytech Pvt. Ltd. (India), Hong Mao Biochemicals Co., Ltd. (Thailand), Food State Company (U.K.), and Fooding Group Limited (China).