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Bromelain Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71495
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The bromelain market share is expected to increase by USD 16.41 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.38%.

This bromelain market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (meat and seafood, healthcare, dietary supplements, and others) and geography (North America, Europe, APAC, South America, and MEA). The bromelain market report also offers information on several market vendors, including Advanced Enzyme Technologies Ltd., Changsha Natureway Co. Ltd., CN Lab Nutrition, Enzybel Group, Enzyme Development Corp., Enzyme Technologies (PTY) Ltd, Great Food Group of Companies, Guangxi Nanning Javely Biological Products Co. Ltd., Hong Mao Biochemicals Co. Ltd., and Mitushi BioPharma among others.

What will the Bromelain Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Bromelain Market Size for the Forecast Period and Other Important Statistics

 

Bromelain Market: Key Drivers and Trends

The rising use of natural ingredients in the food and beverages industry is notably driving the bromelain market growth, although factors such as the presence of stringent government rules on food ingredients may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bromelain industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Bromelain Market Driver

One of the key factors driving growth in the bromelain market is the increasing use of natural ingredients in the food and beverages industry. Bromelain is an enzyme that is derived from the pineapple plant, and it finds its use in various applications across several end-user industries. Bromelain is widely used as a meat tenderizer in the food and beverages industry owing to its proteolytic nature. Owing to benefits such as anti-inflammation and other immunity-boosting properties, bromelain is being progressively used in dietary supplements. The meat and seafood segment accounts for the largest share of the global bromelain market by application in terms of revenue. There is a rapid rise in demand from consumers for processed meat, ready-to-eat meat, and ready-to-cook foods, owing to the ease of consumption of such food products. Hence, there has been a rise in the demand for bromelain from the food and beverages industry to tenderize red meat.

Key Bromelain Market Challenge

The presence of stringent government rules on food ingredients will be a major challenge for the growth of the bromelain market vendors. Rules and regulations vary from country to country. Manufacturers face issues complying with the stringent rules and regulations imposed by authorities in various countries they have their operations. These rules and regulations include the grant of permits, the entry of new players, the launch of new products, and the expiry of products. In some countries, the number of regulations is minimal, and regulatory authorities are at times lenient, whereas, in other countries, regulations are stringent and on the rise. For instance, in the US, the manufacturing and labeling of juice products that contain fruits and vegetables are tightly regulated by the Food and Drug Administration (FDA). The presence of different regulations, laws, and rules in different countries confuses and makes it difficult for players to follow the same operation procedure if they produce or market their products in various locations. 

This bromelain market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Bromelain Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Advanced Enzyme Technologies Ltd.
  • Changsha Natureway Co. Ltd.
  • CN Lab Nutrition
  • Enzybel Group
  • Enzyme Development Corp.
  • Enzyme Technologies (PTY) Ltd
  • Great Food Group of Companies
  • Guangxi Nanning Javely Biological Products Co. Ltd.
  • Hong Mao Biochemicals Co. Ltd.
  • Mitushi BioPharma

 

This statistical study of the bromelain market encompasses successful business strategies deployed by the key vendors. The bromelain market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The bromelain market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Bromelain Market?

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33% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for bromelain in North America. Market growth in this region will be slower than the growth of the market in the European, APAC, and South American regions.

The increasing popularity of meat-based snacks among millennials will facilitate the bromelain market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Bromelain Market?

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The bromelain market share growth by the meat and seafood segment will be significant during the forecast period. The consumption of meat and seafood products is expected to increase, owing to the growing population, increasing disposable incomes, and the rising demand for protein-rich food products Economic development and rapid urbanization are leading to major changes in the dietary patterns of the population in low- and middle-income countries. This has resulted in the increasing demand for foods rich in animal proteins. The growing demand for animal proteins is expected to positively influence the demand of meat and seafood products

This report provides an accurate prediction of the contribution of all the segments to the growth of the bromelain market size and actionable market insights on post COVID-19 impact on each segment.

 

Bromelain Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.38%

Market growth 2022-2026

$ 16.41 billion

Market structure

Fragmented

YoY growth (%)

6.44

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 33%

Key consumer countries

US, China, Germany, Canada, and Brazil

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Advanced Enzyme Technologies Ltd., Changsha Natureway Co. Ltd., CN Lab Nutrition, Enzybel Group, Enzyme Development Corp., Enzyme Technologies (PTY) Ltd, Great Food Group of Companies, Guangxi Nanning Javely Biological Products Co. Ltd., Hong Mao Biochemicals Co. Ltd., and Mitushi BioPharma

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Bromelain Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive bromelain market growth during the next five years
  • Precise estimation of the bromelain market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the bromelain industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bromelain market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Meat and Seafood - Market size and forecast 2021-2026
    • Healthcare - Market size and forecast 2021-2026
    • Dietary Supplements - Market size and forecast 2021-2026
    • Others - Market size and forecast 2021-2026
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • APAC - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Advanced Enzyme Technologies Ltd.
      • Changsha Natureway Co. Ltd.
      • CN Lab Nutrition
      • Enzybel Group
      • Enzyme Development Corp.
      • Enzyme Technologies (PTY) Ltd
      • Great Food Group of Companies
      • Guangxi Nanning Javely Biological Products Co. Ltd.
      • Hong Mao Biochemicals Co. Ltd.
      • Mitushi BioPharma

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The bromelain market growth will increase by $16414.12 million during 2021-2026.
      The bromelain market is expected to grow at a CAGR of 7.38% during 2021-2026.
      Technavio has segmented the bromelain market by application (Meat and Seafood, Healthcare, Dietary Supplements, and Others) and geographic (North America, Europe, APAC, South America, and MEA).
      Advanced Enzyme Technologies Ltd., Changsha Natureway Co. Ltd., CN Lab Nutrition, Enzybel Group, Enzyme Development Corp., Enzyme Technologies (PTY) Ltd, Great Food Group of Companies, Guangxi Nanning Javely Biological Products Co. Ltd., Hong Mao Biochemicals Co. Ltd., Mitushi BioPharma are a few of the key vendors in the bromelain market.
      North America will register the highest growth rate of 32.50% among the other regions. Therefore, the bromelain market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • China
      • Germany
      • Canada
      • Brazil
      The key factors driving the bromelain market growth are:
      • Rising use of natural ingredients in the food and beverages industry
      The bromelain market vendors should focus on grabbing business opportunities from the meat and seafood segment as it accounted for the largest market share in the base year.
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