Bromelain Market Growth Analysis 2022-28
The global bromelain market size was valued at USD 28.24 billion in 2021 and is poised to grow at a significant CAGR of 7.1% during the forecast period 2022-28. A mixture of enzymes obtained from pineapple is called as Bromelain. Its effects are majorly a product of its proteolytic activity, which stimulates fibrinolysis by increasing plasmin, however bromelain also has been shown for preventing kinin production and slow down platelet aggregation. It is also used as process aid for food protein hydrolysis. For instance, it is used in fish protein hydrolysation, baking, brewing and meat tenderization. There is huge demand from F&B industry for bromelain to tenderize red meat.
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There are a few major factors impelling the growth of market such as the inherent properties of bromelain to tenderize meat, growing demand from different industries for bromelain, growing demand for anti-aging cosmetics and increasing customer beauty consciousness. Moreover, another major factor contributes greatly to the market growth is the easy availability of product in different specifications. Bromelain is helpful in treating excessive blood pressure, cardiovascular diseases and other conditions. Consequently, the healthcare segment is projected to be a lucrative market fostering the enzyme demand. Bromelain is anticipated to get traction in the food and beverage industry apart from the healthcare segment which will benefit the market considerably during the future period. On the other hand, harmful side effects of bromelain like allergic reactions particularly in people having other allergies are hindering the growth of market.
The global bromelain market segmentation:
- By Source: Fruits and Stem
- By Application: Dietary Supplements, Food & beverages, Healthcare and Others
Asia Pacific accounted for significant share in the Global Bromelain Market
Global Bromelain market report aims at providing complete outlook on bromelain across the globe with special focus on major regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among these regions, Asia Pacific got major share in the global bromelain market with significant CAGR rate. This region’s growth is because of the factors such as fast manufacturing base in the region and huge spending by the government on infrastructure development. Moreover, China is the leading contributor for the growth of market because of the increase in the investments in natural enzyme sector and expansion in the end user industries. Furthermore, Europe held significant market share during expected time span as healthcare industry in Germany is considered to be the strongest in the region.
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Major players working in the global bromelain market are Advanced Enzyme Technologies (India), Changsha Natureway Co.Ltd. (China), Creative Enzymes (U.S.), Enzybel Group (Belgium) and Enzyme Development Corporation (U.S.).
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