Global Bromelain Market Growth, Trends And Forecasts
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Decisiondatabases.com has a report available on the global bromelain market titled as “Global Bromelain Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast”. This report provides an evaluation of the growth trends of the industry through historical studies and gives a detailed description of the market for the forecast period of 2019 - 2026. The global bromelain market is anticipated to touch USD 1025.4 MN by the end of 2026 and had a market value of close to 753.5 MN in 2019. The CAGR within the forecasted period from 2019 to 2026 was found out to be 4.5%.
Bromelain is an enzyme extracted from the stem and fruit of pineapples and it is also referred to as a pineapple enzyme. It consists of a mixture of enzymes that contains sulfur and are protein-digestive enzymes. Bromelain has its application in the food & beverage, healthcare, pharmaceutical and cosmetic sectors due to which it is being widely used. Bromelain enzyme works efficiently in all acidic and alkaline conditions inside the gastrointestinal tract. It is useful for the treatment of conditions such as inflammation, sinus congestion, arthritis, physical injuries, amyloidosis, infection, asthma and bronchitis. In the food and beverage industry, it is used for meat tenderizing, chill-proofing in breweries, protein hydrolyzing of fish, improving the dough extensibility for baked products and for preparing cheese from milk.
The factors driving the growth of the global bromelain market are the increasing demand from the food and pharmaceutical industry, the increasing anti-aging cosmetics demand and the rise in consumer beauty awareness. The usage of bromelain in other industries such as detergents, paper and pulp, textiles, chemicals and animal feed are also factors fuelling the growth of the global bromelain market. Also, the herbal medicines market is expected to grow thus also propelling the growth of the bromelain market globally. The restraint faced by the bromelain market globally is the growth of the herbal medicines market.
By product type, stem enzyme and fruit enzyme are the two classifications provided in the report for the global bromelain market where stem enzyme has been found out to be the leading segment. On the basis of end-user, the classification is given into food and beverage, pharmaceutical, medical and cosmetics. Food & beverage has emerged as the leading segment as per the study.North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are the areas over which the bromelain market exists globally where North America has been noticed as the leading segment.
The key players of the global bromelain market have been profiled as Enzybel – BSC, Hong Mao Biochemicals Co., Ltd., Nanning Pangbo Biological Engineering Co., Ltd., 3W Botanical extract Inc., Guangxi Nanning Jayely Biological Products Co., Ltd., Nanning Doing-Higher Bio-Tech Co., Ltd., Great Food Group of Companies, XENA BIO HERBALS and Enzyme Technologies among others. The report provides a detailed viewpoint of each company with the information in terms of H.Q., future capacities, key mergers & acquisitions, financial overview and partnerships.
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