Bromelain Market Is Forecasted To Reach US$ 56.2 Million By The End Of 2034

A new, detailed report from Fact.MR reveals that the global bromelain market is projected to reach a value of $27.3 million in 2024. The demand for bromelain is expected to grow at a robust Compound Annual Growth Rate (CAGR) of 7.5%, with the market estimated to be worth $56.2 million by 2034.

The increasing awareness of health and wellness among consumers is likely to drive the demand for various natural supplements, including bromelain. This shift towards natural remedies, driven by health considerations, is significantly boosting the demand for bromelain.

For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9158

Key Drivers of Market Growth
• The utilization of bromelain in the food industry, primarily for its meat-tenderizing attributes, remains prominent. Moreover, its widespread application as a natural food additive and facilitator in meat processing further solidifies its market significance.
• Continuous advancements in bromelain extraction technologies are anticipated to augment efficiency, thereby reducing costs and enhancing accessibility across various sectors, notably in the food and beverage industry.
• The escalating preference for plant-based and natural products is poised to bolster the demand for bromelain. With health-conscious consumers gravitating towards natural alternatives over synthetic options, the demand for bromelain is expected to witness a notable surge.
• In the United States, the demand for bromelain is forecasted to grow at a Compound Annual Growth Rate (CAGR) of 6.9%, reaching a market valuation of US$ 8.7 million by 2034.
• Sales of high-strength bromelain are projected to experience significant growth, with a forecasted CAGR of 7.5%, reaching US$ 25 million by the end of 2034.
• The healthcare segment is expected to dominate the global market revenue, holding an estimated 53.2% share by 2034.

The digestive enzyme qualities of bromelain drive its inclusion in dietary supplements and products aimed at supporting digestion tailored to individual patient needs. Its digestive prowess renders it a fitting choice for individuals encountering food digestion challenges.

Moreover, bromelain's ability to tenderize meat elevates the quality and mouthfeel of meat-based products. Furthermore, its anti-inflammatory attributes enhance the value of products addressing health issues linked to inflammation.

Key Companies Profiled
• Advanced Enzyme Technologies
• Biolaxi Corporation
• Creative Enzymes
• Antozyme Biotech Pvt. Ltd.
• Botanic Healthcare
• Dayang Chem (Hangzhou) Co. Ltd.
• Enzyme Technology (PTY) Ltd.
• Enzybel Group
• Hong Mao Biochemicals Co., Ltd.
• Undersun Biomedtech Co., Ltd.
• Mitushi Biopharma
• Guangxi Narrning Jevely Biological Products Co.

Country-wise Insights
In 2024, it's anticipated that the United States will hold a dominant 74% share of the North American market. This growth is fueled by a growing recognition among consumers of the health advantages of bromelain. Moreover, an uptick in individual purchasing power is expected to drive sales of dietary supplements, including those containing bromelain. The expanding use of bromelain in sectors like meat & seafood and healthcare is further enticing market developments in the nation.

Forecasts suggest that a heightened focus on gut wellness and digestive health will lead to increased demand for bromelain, particularly in functional foods and dietary supplements designed to enhance digestion.

Market Competition
The market is characterized by the presence of several multinational and regional companies. Multinational players accounted for 45% to 50% share of the global market in 2023. They offer a wide variety of products based on bromelain. Key players are focusing on effective supply chain system management, ensuring product quality, new developments, and collaborations.
For instance :
• Enzybel International, in April 2020, became a member of the BHIG (Belgian Health Ingredients Group). Its production unit of bromelain was awarded GMP pharma certification.

Segmentation of Bromelain Market Research
• By Product Type :
o Stem Bromelain
o Fruit Bromelain
• By Form :
o Powder
o Liquid

• By Enzyme Strength :
o Low
o Medium
o High

• By Application :
o Healthcare
o Meat & Seafood
o Dietary Supplements
o Cosmetics
o Industrial
o Animal Feed

• By Region :
o North America
o Europe
o East Asia
o Latin America
o Middle East & Africa
o South Asia & Oceania

Read More: https://www.factmr.com/report/bromelain-market

Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.