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[Research Report] The bromelain market size is projected to surge from US$ 45.66 million in 2022 to US$ 75.24 million by 2030. The market is expected to record a CAGR of 6.4% from 2022 to 2030.
Market Insights and Analyst View:
Bromelain is a proteolytic enzyme obtained from pineapples. Pineapple stems and fruits are the major sources of bromelain extracted commercially. The enzyme has multiple applications in the food & beverages, pharmaceuticals & nutraceuticals, personal care, leather tanning, textile, animal feed, and detergents industries. It is used for the tenderization of meat and curdling of cheese. It is also used as a clarifying agent in alcohol and an anti-browning agent in fruit juices. In pharmaceuticals and nutraceuticals, bromelain is used for its anti-inflammatory, therapeutic, and anti-cancer properties. In cosmetics and personal care products, it is used due to its ability to treat skin-related issues and facilitate dental bleaching. Thus, the rising number of applications of bromelain in various end-use industries is driving the market growth.
Growth Drivers and Challenges:
Consumers are increasingly seeking products with natural additives and clean-label ingredients. They are inclined toward consuming safer products that help them maintain overall health. Bromelain, a natural enzyme derived from the pineapple plant, is preferred as a natural additive over synthetic additives in various industries. The growing interest in chemical-free products boosts the demand for natural additives such as bromelain in industries such as pharmaceutical and nutraceuticals, food & beverages, and cosmetics. In 2006, the US Food and Drug Administration (FDA) categorized bromelain as a food additive and a Generally Recognized as Safe (GRAS) substance. In addition to its medical applications, bromelain has been in use for tenderizing meat, clarifying beer, solubilizing grain proteins, and baking cookies. In fresh apple juice, bromelain is used as an enzymatic browning inhibitor. The growing focus on maintaining optimum digestive and gut health boosts the demand for bromelain in dietary supplement manufacturing. Bromelain is a natural enzyme that exhibits remarkable exfoliating properties. Consumers are increasingly opting for healthier ways to make their skin glow. Bromelain is one of the beneficial beauty ingredients promoting healthy skin and, thus, is commonly employed in the cosmetic industry. However, higher costs associated with different production stages ultimately trigger the overall prices of the finished product, which hinders the bromelain market growth.
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Bromelain Market: Strategic Insights
Market Size Value in US$ 45.66 million in 2022 Market Size Value by US$ 75.24 million by 2030 Growth rate CAGR of 6.4% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Bromelain Market: Strategic Insights
Market Size Value in | US$ 45.66 million in 2022 |
Market Size Value by | US$ 75.24 million by 2030 |
Growth rate | CAGR of 6.4% from 2022 to 2030 |
Forecast Period | 2022-2030 |
Base Year | 2022 |
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Speak to AnalystReport Segmentation and Scope:
The global bromelain market is segmented on the basis of source, application, and geography. The bromelain market, by type, is bifurcated into stem and fruit. Based on application, the market is fragmented into food & beverages, personal care, pharmaceuticals & nutraceuticals, and others. The bromelain market, based on geography, is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).
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Segmental Analysis:
Based on source, the bromelain market is segmented into stem and fruit. The stem segment holds a significant share of the market. A majority of commercial bromelain is extracted from pineapple stems as it is a cheaper source, being a non-edible part of the fruit. Stem bromelain has received the generally regarded as safe (GRAS) status in the US, and it is widely accepted as a therapeutic agent and food additive. It is used to treat bronchitis, wounds, surgical trauma, and inflammation. In the food industry, this enzyme is used to tenderize meat, clarify alcohol, and improve bakery dough characteristics. In cosmetics and skin care products, stem bromelain is incorporated for its healing capabilities. These factors are expected to drive the segments growth in the forecast period.
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Regional Analysis:
Based on geography, the bromelain Market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. North America dominated the global bromelain market; the market in this region was valued at US$ 15,880 million in 2022. Europe is expected to register a CAGR of 7.4% in the bromelain Market during the forecast period. The market growth in Europe is ascribed to the increasing acceptance of bromelain in cosmetics, dietary supplements, and other applications. In the bakery industry, bromelain is used as a dough improver and flavor enhancer. According to the UK Federation of Bakers Ltd, the bakery industry is one of the largest contributors to the food & beverages sector. Bromelain is extensively used as a health supplement in Germany and other Western European countries. It is also used in products used for treating basal and sinus inflammation and swelling after an injury or surgery. These factors are anticipated to propel the bromelain market growth in the region.
Asia Pacific accounts for the second-largest share of the bromelain market, accounting for nearly 30% market share. Bromelain is produced mainly in parts of the world where pineapples are grown. Asia Pacific is the largest producer of pineapple globally, which is mainly attributed to optimum land availability and favorable temperature conditions; thus, major manufacturing units of bromelain are present in the region. The enzyme is gaining popularity as a nutricosmetic component in Asia Pacific. As a result, bromelain-enriched face masks and other cosmetic products are becoming a skincare trend, which further benefits the bromelain market in this region.
Industry Developments and Future Opportunities:
Various initiatives taken by key players operating in the bromelain market are listed below:
- In August 2021, ENZYBEL GROUP, a Belgium-based company, launched bromelain K, a new product developed specifically for applications such as meat tenderization, protein hydrolyzation, and flavor enhancement in the food & beverages sector.
COVID-19 Impact:
The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the food & beverage, personal care, and textile industries. The shutdown of manufacturing units disturbed global supply chains, production activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020, which hampered the bromelain market. The shortage of workforce and limited supply of raw materials also led to a halt in operations and processes across the globe during the COVID-19 pandemic. These factors negatively impacted the market growth in the pandemic.
On the other hand, with a shift in consumers' focus toward reinforcing their immune systems and wellness during this health crisis, the demand for bromelain as a functional ingredient in nutraceuticals has increased in the last few years. In 2021, various economies resumed operations as several governments revoked the previously imposed restrictions, which positively impacted the global marketplace. Moreover, manufacturers were permitted to operate at full capacities, which helped them overcome the demand and supply gaps.
Competitive Landscape and Key Companies:
A few of the prominent players operating in the global bromelain market are Hong Mao Biochemicals Co Ltd, Enzybel International SA, Enzyme Technologies (Pty) Ltd, Guangxi Nanning Javely Biological Products Co Ltd, Creative Enzymes, Medikonda Nutrients, Changsha Natureway Co Ltd, Antozyme Biotech Pvt Ltd, Challenge Bioproducts Co Ltd, and Great Food (Biochem) Co Ltd. These market players adopt strategic development initiatives to expand, further driving the bromelain market growth.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Source, Application, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Hong Mao Biochemicals Co Ltd, Enzybel International SA, Enzyme Technologies (Pty) Ltd, Guangxi Nanning Javely Biological Products Co Ltd, Creative Enzymes, Medikonda Nutrients, Changsha Natureway Co Ltd, Antozyme Biotech Pvt Ltd, Challenge Bioproducts Co Ltd, and Great Food (Biochem) Co Ltd are a few players operating in the global bromelain market.
Ans. In 2022, North America held the largest share of the global bromelain market. Bromelain is popular as a meat tenderizing agent in the food & beverages industry across North America. The increasing popularity of meat-based snacks among millennials is likely to favor the bromelain market growth in the region during the forecast period.
Based on source, the stem segment held the largest share in the global bromelain market in 2022. A majority of commercial bromelain is extracted from pineapple stems as it is a cheaper source, being a non-edible part of the fruit. This factor drives the segment’s growth.
Based on application, the personal care segment is estimated to register the fastest CAGR in the global bromelain market over the forecast period. Benefits of bromelain in skin care is driving its demand across the personal care industry.
Europe is estimated to register the fastest CAGR in the global bromelain market over the forecast period. The rising demand for plant-derived enzymes across the food & beverages industry in the region is significantly driving the bromelain market growth.
Broad application scope in the food industry and increasing applications in pharmaceutical & nutraceutical industry are the two key factors driving the market growth.
The List of Companies - Bromelain Market
- Hong Mao Biochemicals Co Ltd
- Enzybel International SA
- Enzyme Technologies (Pty) Ltd
- Guangxi Nanning Javely Biological Products Co Ltd
- Creative Enzymes
- Medikonda Nutrients
- Changsha Natureway Co Ltd
- Antozyme Biotech Pvt Ltd
- Challenge Bioproducts Co Ltd
- Great Food (Biochem) Co Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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