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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.
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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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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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.
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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 |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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