Global Bromelain Market - 2023-2030

Market Overview

The Global Bromelain Market size reached US$ 45.2 million in 2022 and is s to witness lucrative growth by reaching up to US$ 80.7 million by 2030. The market is expected to grow at a CAGR of 7.5% during the forecast period 2023-2030.

The application of bromelain helps to reduce bruising, swelling and healing time. Bromelain supplements are increasingly popular among health-conscious consumers due to their potential health benefits, such as aiding digestion and reducing inflammation. Technological advancements in the extraction and purification of bromelain have increased the efficiency of production, which has led to an increase in supply and a decrease in prices.

Market Dynamics

Widening Application Spectrum in Human Nutrition is Driving the Bromelain Market

Bromelain has been recognized globally as a safe and successful type of therapeutic agent and is being used by individuals for several ailments, such as bronchitis, sinusitis, arthritis and inflammation. It is mainly used as a meat tenderizer along with papain. Bromelain is produced in a powdered form, which is mixed with a marinade or directly sprinkled on the uncooked meat. In the bio-chemicals sector, bromelain is used in the production of cheese, gelatin, and hydrolyzed proteins.

Additionally, in the food industry, bromelain is also used as a food additive to clarify beer. Bromelain is harmless to normal tissues and does not affect skin grafting, so it is suitable for the treatment of small areas of deep burns.

Increasing Application of Bromelain in the Cosmetic Industry is Expected to Drive the Market Growth

Bromelain has potential applications in the cosmetic industry due to its various benefits for the skin and hair. It has various properties like anti-inflammatory properties and plays an important role in moisturization, hair conditioning and skin brightening. The use of natural ingredients in cosmetics is gaining popularity among consumers, and bromelain fits into this trend as a natural and sustainable ingredient. Also, an increase in the product launches by major key players with Bromelain helps to boost the market growth. For instance, On 13 January 2021, a UK health and beauty retailer expand their product portfolio by launching the glow pineapple sleep mask, glow pineapple serum and glow pineapple gel moisturizer.

COVID-19 Impact Analysis

The global supply chain disruptions caused by the pandemic have affected the bromelain market. The closure of borders and restrictions on international trade have disrupted the supply of raw materials needed for the production of bromelain. This has led to an increase in the price of raw materials, which has impacted the cost of production of bromelain.

The pandemic has led to a decline in demand for some bromelain products, such as dietary supplements. This is because many consumers have reduced their spending on non-essential items due to economic uncertainty. However, the demand for bromelain used in the healthcare industry has increased due to its potential immune-boosting properties.

The COVID-19 pandemic has had mixed impacts on the bromelain market. While there have been challenges in the supply chain and a decline in demand for some products, the increased focus on health and wellness has driven demand for certain bromelain products.

Segment Analysis

The global bromelain market is segmented based on type, application and region.

An Increase in the Application of Bromelain in the Food and Beverages Industry Helps to Boost Segment Growth

Bromelain has been segmented by application as food & beverages, dietary supplements, healthcare, cosmetics and others.

According to the data published by Statista in 2022, the food and drink segment accounted to reach US$1.95 billion. Rapid growth in the food and beverage industry helps to boost segment growth over the forecast period.

The food and beverages industry is the main application of bromelain, as it is a popular meat tenderizer. Increasing application of bromelain in the bakery, meat and brewing industry is expected to strengthen the market growth of the food & beverages segment.

Bromelain is used as a meat tenderizer because it breaks down tough proteins in meat. It is commonly used in the production of ham, bacon, and other cured meats. Bromelain can also be used in the dairy industry as a milk coagulant. It helps to solidify the milk proteins, which is useful in the production of cheese, yogurt and other dairy products.

Geographical Analysis

The Increasing Demand for Gluten-free Products in Asia Pacific is Expected to Drive the Regional Market Growth

By region, the global Bromelain market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East and America.

Asia-Pacific is dominating the global bromelain market with market share due to the presence of several companies, the easy availability of ingredients due to extensive pineapple cultivation the and growing application of bromelain in this region. Other than the food industry, continuous product and technological innovation in the textile industry in the Asia-Pacific region are resulting in a speedy increase in the demand for enzymes such as bromelain.

Also, an increase in the production of pineapple in India helps to boost regional growth. According to the Bijak Editorial, in 2022, the annual production of pineapple is 14.2 million tons and India is the world's 5th largest producer of pineapples.

Competitive Landscape

The major global players include: Enzybel International S.A, Nanning Pangbo Bioengineering Co. Ltd., Enzyme Application Ltd., Hong Mao Biochemicals Co. Ltd., Creative Enzymes, Challenge Bioproducts Co., Ltd., The Food State Company, The Food State Company, Advanced Enzyme Technologies Limited, Bio-gen Extracts Private Limited.

Why Purchase the Report?

• To visualize the global bromelain market segmentation based on type, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of bromelain market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Bromelain Market Report Would Provide Approximately 53 Tables, 43 Figures and 195 Pages.

Target Audience 2023

• Manufacturers / Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies