Bromelain Market Size, Share & Trends Analysis Report By Application (Healthcare, Meat & Seafood, Dietary Supplements), By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global bromelain market size was estimated at USD 24.24 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.1% from 2022 to 2030. Bromelain is utilized in diverse industries such as healthcare, meat & seafood, and dietary supplements. Growing inclusion in the healthcare and dietary supplements segments is anticipated to drive the demand owing to rising R&D activities. Bromelain has numerous health benefits which are majorly responsible for its high demand in the healthcare and dietary supplements segments. This factor is expected to further fuel the growth of the market.

The U.S. is one of the largest consumers of bromelain in the world. In 2021, it contributed 91.12% of the revenue share in North America. Being a developed country, the U.S. has been a key consumer for a time. Companies based in the U.S. are highly involved in R&D and product enhancement.

The dietary supplements segment contributes a maximum of 7% share of the global revenue. This is due to high self-awareness among the people of the country and the high purchasing power of the people. The people in the U.S. are educated and know the importance of dietary supplements in the maintenance of good health, which attributes to the high demand for the product as a dietary supplement.

The healthcare application segment is a major end-use industry in the U.S. market, due to high R&D activities taking place in the country, especially product enhancement of bromelain and making it more effective for the treatment of autoimmune disorders. The healthcare industry is greatly involved in high-value research and development projects for bromelain as they anticipate to find more effective methods to utilize the product.

In the healthcare industry, it is used as an anti-inflammatory agent. It has also been found effective for certain stomach infections and helps to reduce swelling. The product is used as over the counter treatment for burns as it helps in speedy recovery of the burn both as a cream applied directly and as a supplement nutrient. It has also been found useful in treatments of cancer, rheumatoid arthritis, HIV, and asthma among others. These benefits of the enzymes make it desirable and are responsible for its high demand globally in the healthcare, pharmaceutical, and dietary supplements industries.

The global bromelain market is very competitive with a presence very limited number of players. The market players majorly have their manufacturing units based in tropical regions around the globe as pineapple, which is the primary source of bromelain, is a tropical plant. So, to ensure good yield, quality, and uninterrupted supply of raw materials most companies have their manufacturing unit in the tropical countries such as Thailand and the Philippines.

Although the research and development units of the companies which require the utilization of high-end technology are located in developed countries with sophisticated equipment and human resource availability such as the U.S. and Germany. As these countries are technologically advanced and can support such product enhancement activities with their advanced infrastructure.

Application Insights

Meat & seafood dominated the market with a revenue share of 45.92% in 2021. This is attributable to the increasing consumption of meat and seafood globally. Bromelain is used for tenderizing meat and seafood, making it more enjoyable to eat for the consumer. The proteolytic enzyme present in this enzyme helps hydrolyze proteins present in the meat making it tough. It also helps break down these proteins present in the meat which makes the meat tender.

The dietary supplements segment is anticipated to expand at the highest CAGR of 7.4% in terms of revenue from 2022 to 2030. This is owing to the increasing health awareness and high purchasing power of the consumers, especially in the developing economies. This segment was untapped in many developing economies. The companies are trying hard through awareness campaigns about bromelain benefits to increase the demand.

The other application segments include the utilization of bromelain in bakeries, textile, and cosmetic industries. In baking, it is used in certain kinds of flour, dough, and cookies which are highly desired by the consumers. The textile industry utilizes bromelain to soften the cocoon for easy extraction of silk. It is also used in skin whitening creams and teeth whitening products.

Regional Insights

North America dominated the market with a revenue share of more than 29% in 2021. This is attributed to the increasing awareness about the benefits of bromelain and the increased purchasing power of the consumer in the region. Other factors driving the demand for the product include the growing demand in the healthcare and meat & seafood industries.

Asia Pacific is the largest producer of pineapple globally. Major manufacturing units of bromelain are present in the region as it provides optimum land and temperature for the primary input, pineapple. The region offers tropical plantations which yield high quality and quantity of pineapple. The presence of the production units is attributed to an uninterrupted supply of raw materials.

The Central and South America region is anticipated to expand at a CAGR of 7.5% in terms of revenue, from 2022 to 2030. This is owing to the increase in purchasing power of the consumers, increase in consumption of meat and seafood, and utilization of bromelain for healthcare. The region is also one of the major producers of pineapple. The region contributes to 38% of the global pineapple produce.

Europe is the second-largest consumer of bromelain, due to the presence of a huge customer base of meat and seafood, resulting in the high demand for bromelain from the meat and seafood industry. The healthcare and bakery industries also contribute significantly to the demand for bromelain in the region.

Key Companies & Market Share Insights

The market is very competitive and consolidated with the presence of a limited number of players. It has a presence of limited but giant multinational players involved in mergers & acquisitions, regional expansions, and product innovations & developments to strengthen their position, increase profits, and at the same time find innovative and sustainable solutions.

However, the emergence of small-scale manufacturers in developing economies, especially in China, Thailand, and India is estimated to create growth opportunities for the market. Companies are constantly struggling to achieve optimum production levels due to volatility in the raw material prices and availability while efficiently allocating resources. Some prominent players in the global bromelain market include:

• Hong Mao Biochemicals Co., Ltd.

• Enzybel International SA

• Great Food Group of Companies

• Enzyme Technologies

• Guangxi Nanning Javely Biological Products Co. Ltd.

• Nanning Pangbo Biological Engineering Co., Ltd.

• Nanning Doing Higher Bio-Tech Co. Ltd.

• Changsha Natureway Co., Ltd.

• Biozym Gesellschaft fur Enzymtechnologic mbH

• Ursapharm Arzneimitted GmbH

Bromelain Market Report Scope

Segments Covered in the Report

This report forecasts the volume and revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2022 to 2030. For this study, Grand View Research has segmented the global bromelain market report based on application and region:

• Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

  • Healthcare

  • Meat & Seafood

  • Dietary Supplements

  • Others

• Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S

  • Europe

    • Germany

  • Asia Pacific

    • China

    • India

    • Philippines

    • Thailand

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa