Bromelain Market Size Worth $56.5 Million By 2028 | CAGR: 7.0%

The global bromelain market size is expected to reach USD 56.5 million by 2028 according to a new study by Polaris Market Research. The report “Bromelain Market Share, Size, Trends, Industry Analysis Report, By Source (Stem, Fruits); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); By Application; Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The demand for the enzyme is expected to increase during the forecast period owing to increasing lifestyle disorders, growing health consciousness, and greater awareness regarding benefits associated with bromelain. The use of the enzyme in the healthcare industry to treat conditions such as allergies and sinusitis, rising sales of bromelain-based dietary supplements during the pandemic, and increasing application in the meat and seafood sector further drive the market growth.

The demand for the product has increased during the pandemic owing to its potential to be used in the supportive treatment of COVID-19. However, the market has been impacted by limited raw material supply, disrupted supply chain, limited workforce, decreased deliveries, roadblocks, and other logistic issues. On the basis of source, the market is segmented into stem and fruits. The stem segment accounted for a major share in 2020. Pineapple stem contains a high bromelain concentration, which is extracted for its therapeutic effects. Pineapple stem is a waste by-product, which makes the enzyme extraction from stems cost-effective.

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Stem is effective in preventing and treating cardiovascular disorders, osteoarthritis, diarrhea, and certain cancers. Health benefits associated with stem and shifting trend towards natural and organic food products boost this segment's growth. The different applications covered in the report include healthcare and pharmaceutical, dietary supplements, personal care and cosmetics, food & beverages, and others. The food and beverages segment accounted for a major share of the global demand in 2020. However, the demand for dietary supplements is expected to increase during the forecast period.

Rapid urbanization and growing awareness towards health have driven the overall growth of this segment. The growing demand for immunity-based boosted supplements during the COVID-19 outbreak has increased its sale across the globe. The growth of the fitness industry further supplements the development of nutraceuticals and supplements. The growing geriatric population coupled with rising awareness regarding the benefits of bromelain fuels the growth in this region. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to cater to the growth opportunities offered by these countries.

Some major industry participants include Mitushi Biopharma, Bio-gen Extracts Pvt. Ltd., Enzybel International SA, Enzyme Bioscience Pvt. Ltd, Biozym Gesellschaft für Enzymtechnologie mbH, Great Food Group of Companies, Enzyme Technology (PTY) Ltd, Nanning Doing-Higher Bio-Tech Co., Ltd, Hong Mao Biochemicals Co., Ltd, and CN Lab Nutrition.

Polaris Market Research has segmented the bromelain market report on the basis of source, application, and region:

Bromelain, Source Outlook (Revenue, USD Million, 2016 - 2028)

• Stem
• Fruits

Bromelain, Application Outlook (Revenue, USD Million, 2016 - 2028)

• Healthcare & Pharmaceuticals
• Dietary Supplements
• Personal Care & Cosmetics
• Food & Beverages
• Others

Bromelain, Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Netherlands
  • Austria
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Israel
  • UAE