Bromelain Market:
Introduction
According to the report,
the bromelain market was
valued at US$ 720 Mn in 2019. It is projected to expand at a
CAGR of 4.5% from 2020 to 2030. Intense research on the medical
enzyme technology has been providing several approaches that facilitate their
practical applications. Among these, newer technological developments in
immobilized enzymes offer a wider and more economical exploitation of enzymes
in the industry. Development of improved extraction and filtration processes
can improve the quality and purity of bromelain. Improved grades of bromelain
are expected to enhance its efficacy.
The global bromelain
market is expanding, owing to an increase in applications of bromelain. The
increase in usage of bromelain as an inexpensive alternative to expensive
anti-inflammatory drugs is fueling the demand for bromelain. This represents
new business development opportunities.
North America dominated
the global bromelain market in 2019. The trend is anticipated to continue
during the forecast period. Strategies adopted by key players, early adoption
of advanced therapeutics, and strong focus of market players to invest in
research and development drive the bromelain market in the region. Asia Pacific
accounted for a significant share of the global bromelain market in 2019. The
market in the region is likely to expand at a strong CAGR during the forecast
period. Rise in demand for enzymes in textile processing, increase in health
awareness among people about supplement usage, and surge in geriatric
population are key factors that are likely to fuel the market in the region.
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Increase in Usage
of Clean Label Ingredients in Food & Beverages Industry to Drive Bromelain
Market
Bromelain is derived from
pineapple plant from the fruit and stem. Bromelain is extensively utilized in
various industries, including food & beverages, healthcare &
pharmaceuticals, and cosmetics. At the industrial level, bromelain is employed
to digest proteins. The proteolytic nature of bromelain is used in the food
& beverages industry, where it is widely utilized as a meat tenderizer.
Bromelain has added benefits such as immunity boosting and anti-inflammation
properties. It is being increasingly used in dietary supplements. The demand
for bromelain is high in the food & beverages industry to tenderize red
meat. This is expected to drive the market.
Pineapple Stem a
Common Commercial Source to Bromelain
In terms of source, the
global bromelain market has been classified into stem and fruit. Pineapple is
the primary source of bromelain protein-digesting enzyme mixture. It can be
derived from fruit, stem, and juice of pineapple. Pineapple stem is a highly
common commercial source of bromelain. This is anticipated to drive the stem
segment during the forecast period.
Rise in Usage of
Bromelain in Food and Beverages
Based on application, the
global bromelain market has been segregated into food & beverages,
healthcare & pharmaceuticals, cosmetics, and other industries. Bromelain is
largely utilized to improve the tenderness of meat. Meat consumption is
expected to increase over the next few years, which, in turn, is likely to
drive the segment during the forecast period.
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North America to
Dominate Bromelain Market
In terms of region, the
global bromelain market has been segmented into North America, Europe, Asia
Pacific, Latin America, and Middle East & Africa. North America dominated
the global bromelain market in 2019, followed by Europe. North America
accounted for a major share of the global bromelain market in 2019.
Well-established healthcare infrastructure and surge in use of bromelain are
key factors anticipated to drive the bromelain market in the region.
The bromelain market in
Asia Pacific is expected to expand at a notable CAGR during the forecast period.
Increase in prevalence of various chronic diseases and improvement in
healthcare infrastructure are likely to augment the market.
Competition
Landscape
The global bromelain
market is fragmented in terms of number of players. Key players in the global bromelain
market include Enzybel International S.A, Hong Mao Biochemicals Co.,
Ltd., Nanning Pangbo Bioengineering Co., Ltd., Guangxi Nanning Javely
Biological Products Co., Ltd., Challenge Bioproducts Co., Ltd., Enzyme
Development Corporation, Xena Bio Herbals Pvt. ltd., Enzyme Technology (PTY)
Ltd., Advanced Enzyme Technologies Limited, and Bio-gen Extracts Pvt. Ltd.
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