Bromelain Market Size, Share & Trends Report

Bromelain Market Size, Share & Trends Analysis Report By Application (Meat & Seafood, Healthcare, Dietary Supplements), By Region (North America, Europe, Asia Pacific, Central & South America, MEA), And Segment Forecasts, 2020 - 2027

  • Published Date: Aug, 2020
  • Base Year for Estimate: 2019
  • Report ID: GVR-2-68038-271-6
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2018
  • Number of Pages: 170

Report Overview

The global bromelain market size was valued at USD 37.6 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 7.2% from 2020 to 2027. Growth in the healthcare, meat & seafood, dietary supplements, bakery, cosmetics, and beverage sectors in various countries, including the U.S., China, Germany, France, Brazil, South Africa, Indonesia, and India, will augment the product demand during the forecast period. The use of bromelain in the healthcare sector is expected to witness substantial growth during the forecast period because of rising R&D activities to enhance the product applications in the treatment of cancer, HIV aids, and inflammatory diseases like asthma, coeliac disease, hepatitis, glomerulonephritis, and autoimmune diseases.

The U.S. bromelain market size

Moreover, rising disposable income levels, coupled with increasing penetration of end-use market players, are projected to boost the market growth. Major market participants procure raw material from the regional providers and then process it to produce bromelain based on customer requirements. Traders, wholesalers, and distributors play a crucial role in this market as the product is mainly produced in the Asia Pacific region.

Bromelain is majorly used in skincare products to reduce wrinkles, acne, and treat dry skin. As per L’Oréal’s annual report 2017, 36.3% of the global cosmetic market was governed by skincare products, and the Asia Pacific was the most prominent regional market with a net share of 36.9%. Majority of the key companies engaged in the personal care segment.

Application Insights

The meat & seafood segment accounted for the largest revenue share of over 55% in 2019 and is expected to continue its dominance over the forecast period. Bromelain is predominantly used to improve the tenderness of meat & seafood. Rising demand for packaged food products coupled with a growing population will fuel the segment growth during the forecast period.

Global bromelain market share

The global meat and seafood industry has witnessed tremendous growth over the past few years. According to the OECD Agriculture statistics, average meat consumption per person is expected to reach 35.3 kg/year by 2025. As per the UN Comtrade statistics, meat and edible meat offal of worth USD 100.25 billion were consumed globally. Some of the major importers were China, Japan, the U.S., and Germany. The dietary supplements segment is witnessing significant growth on account of high product usage.

Regional Insights

The Asia Pacific region accounted for the largest revenue share of over 27% in 2019 and is expected to continue its dominance registering the fastest CAGR over the forecast period. The positive outlook towards the meat & seafood and healthcare industries of China, India, Japan, Malaysia, and Indonesia is anticipated to fuel the product demand. Moreover, the surging population in India and China, favorable government regulations aimed at generating foreign direct investments, and public-private partnerships are anticipated to trigger the market growth in the region over the forecast period.

Europe is estimated to have significant growth in the coming years. As per EPO Statistics, in 2016, 5754 patents were filed in the pharmaceutical sector, 5744 patents were filed in the biotechnology sector, and 1578 patents were filed in the food chemistry sector in Europe. Such statistics depict that the region is into extensive R&D in the healthcare industry, making it a substantial market.

Energy-efficient technologies and R&D initiatives to develop good-quality products are expected to offer ample opportunities for industry participants over the forecast period. Growing demand for natural enzymes to develop medications is expected to augment the product demand in the near future.

Key Companies & Market Share Insights

The global market is dominated by several international players, where the key producers are headquartered in Thailand and Indonesia owing to the easy availability of raw material in these economies. Key players in the market are focusing on increasing their market share along with profitability through product innovation and R&D activities. Industry rivalry is expected to be high over the forecast period. In China and India, the market is fragmented in nature owing to the presence of both traders and manufacturers of bromelain. Most of the trading companies procure bromelain from Thailand and Indonesia and outsource it to the trading companies in North America and Europe. Some of the prominent players in the bromelain market include:

  • Enzybel International SA,

  • Enzyme Technology (PTY) Ltd

  • Hong Mao Biochemicals Co., Ltd

  • Great Food Group of Companies

  • Nanning Doing-Higher Bio-Tech Co., Ltd

  • Biozym Gesellschaft für Enzymtechnologie mbH

  • Cn Lab Nutrition

  • Arisun ChemPharm

  • Hangzhou Huajin Pharmaceutical Co., Ltd.

  • Shaanxi Guanjie Technology Co., Ltd

  • Changsha Natureway Co., Ltd

  • Aumgene Biosciences

  • Mitushi Biopharma

  • Enzyme Bioscience Pvt. Ltd

  • Bio-gen Extracts Pvt. Ltd.

  • Guangxi Nanning Javely Biological Products Co., Ltd

Bromelain Market Report Scope

Attribute

Details

Market size value in 2020

USD 39.9 million

Market volume in 2020

496.8 tons

Revenue forecast in 2027

USD 65.7 million

Volume forecast in 2027

788.0 tons

Growth Rate

CAGR of 7.2% from 2020 to 2027 (Revenue-based)

Base year for estimation

2019

Historical data

2016 - 2018

Forecast period

2020 - 2027

Quantitative Units

Volume in tons, revenue in USD million and CAGR from 2020 to 2027

Report coverage

Volume forecast, revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

The U.S.; Germany; The U.K.; France; China; India; Philippines; Thailand; Brazil; South Africa

Key companies profiled

Enzybel International SA; Enzyme Technology (PTY) Ltd.; Hong Mao Biochemicals Co., Ltd.; Great Food Group of Companies; Nanning Doing-Higher Bio-Tech Co., Ltd.; Biozym Gesellschaft für Enzymtechnologie mbH; Cn Lab Nutrition; Arisun ChemPharm; Hangzhou Huajin Pharmaceutical Co., Ltd.; Shaanxi Guanjie Technology Co., Ltd.; Changsha Natureway Co., Ltd.; Aumgene Biosciences; Mitushi Biopharma; Enzyme Bioscience Pvt. Ltd.; Bio-gen Extracts Pvt. Ltd.; Guangxi; Nanning Javely Biological Products Co., Ltd.

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this report, Grand View Research has segmented the global bromelain market report on the basis of application and region:

  • Application Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027)

    • Healthcare Industry

    • Meat & Seafood industry

    • Dietary Supplements Industry

    • Others

  • Regional Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027)

    • North America

      • The U.S

    • Europe

      • The U.K.

      • Germany

      • France

    • Asia Pacific

      • China

      • India

      • Philippines

      • Thailand

    • Central & South America

      • Brazil

    • Middle East & Africa

      • South Africa

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