Bromelain Market to Garner Brimming Revenues by 2024

The use of bromelain in wide range of applications in food and pharmaceutical industry is the major driver for the growth of global bromelain market. The increasing use of bromelain in other industry sectors such as detergents, paper and pulp, textiles, chemicals, animal feed etc. is expected to boost the growth of global bromelain market. Bromelain is an important ingredient in anti-aging solutions and the increasing anti-aging cosmetics demand and rising consumer beauty awareness is anticipated to drive the global bromelain market growth. Herbal medicines market is expected to record higher growth rate during the forecast period, which is anticipated to propel the demand for bromelain.

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Bromelain is a digestive enzyme extracted from pineapple. The enzyme is derived from both stem and fruit of pineapple and hence, it is also called as pineapple enzyme. Bromelain constitutes mixture of enzymes, which contains sulphur and are protein-digestive enzymes. It helps in nutrition absorption from foods, probiotics and supplements. Bromelain enzyme works efficiently in all the acidic and alkaline conditions inside the gastrointestinal tract. They are in used in wide range of applications in food and beverage and pharmaceutical industries. It is useful in treatment of conditions such as inflammation, sinus congestion, arthritis, physical injuries, amyloidosis, infection, asthma, bronchitis etc. In food industry, bromelain is used for meat tenderizing, chill-proofing in breweries, protein hydrolysing of fish, improving the dough extensibility for baked products, preparing cheese from milk etc.

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The global bromelain market can be divided into five regions, namely North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA). APAC is anticipated to account for significant share in global bromelain market during the forecast period. This is attributed to the growth of food and beverage and pharmaceutical sectors in the region. The increasing investment in healthcare sector and stringent government regulations to improve food quality are expected to increase the share of bromelain market in the region. Rise in population density along with increasing meat import in China and ASEAN countries is expected to contribute noteworthy share in bromelain market in the region.

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Europe and North America accounts for significant share in global bromelain market, owing to increasing demand for herbal raw materials in cosmetic industry. These regions have major share in meat market and the use of bromelain as meat tenderizer is anticipated to increase the share of bromelain market. In North America, U.S. holds significant share due to rise in consumption of ready to drink beverages, processed food and meat. The rising demand for animal feed in France, Germany and Russia is expected to fuel the growth of bromelain market in Europe. Latin America is anticipated to register higher growth rate during the forecast period, due to rapid industrialisation. The production of bio-fuels is increasing in countries such as Argentina and Brazil, which will contribute to the rising share of bromelain market in the region.

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