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Global Bromelain Market is estimated to surpass US$ 1.1 Bn by 2030: TMR

 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.

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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.

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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.

 The food and beverages sector has cemented its place among the global populace firmly over the years. This sector attracts considerable investments and subsidies from numerous government and non-government organizations. The trends and popularity regarding specific sub-categories are dynamic and help in structuring the overall growth. The trends are a way of answering the needs of the consumer. The players in the food and beverages sector have to adapt to the changing trends, which helps increase revenue-generation opportunities.

 

The world has undergone a major shift in the way of living since the COVID-19 pandemic struck. A notable change in the functioning of various businesses and sectors has influenced their working mechanisms extensively. The food and beverage sector is no stranger to this change. Transparency Market Research (TMR) has studied many aspects concerning the difference between the trends in the pre-pandemic and post-pandemic world across the food and beverage industry.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants, uses proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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