Global Bromelain Market Size, Share, Forecast Report, 2020-2027

The global Bromelain market garnered revenue around USD 719 Million in 2019 and projected to reach USD 1.2 Billion in 2027, with at a compound annual growth rate (CAGR) 4.6% throughout the estimate period from 2020 to 2027. Intense research on the medical enzyme technology has been providing several approaches that facilitate their practical applications. Among these, newer technological developments in immobilized enzymes offer a wider and more economical exploitation of enzymes in the industry. Development of improved extraction and filtration processes can improve the quality and purity of bromelain. Improved grades of bromelain are expected to enhance its efficacy.

The global bromelain market is expanding, owing to an increase in applications of bromelain. The increase in usage of bromelain as an inexpensive alternative to expensive anti-inflammatory drugs is fueling the demand for bromelain. This represents new business development opportunities.

North America dominated the global bromelain market in 2019. The trend is anticipated to continue during the forecast period. Strategies adopted by key players, early adoption of advanced therapeutics, and strong focus of market players to invest in research and development drive the bromelain market in the region. Asia Pacific accounted for a significant share of the global bromelain market in 2019. The market in the region is likely to expand at a strong CAGR during the forecast period. 

This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Bromelain market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Bromelain market growth.

The global Bromelain market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

the global bromelain market include Enzybel International S.A, Hong Mao Biochemicals Co., Ltd., Nanning Pangbo Bioengineering Co., Ltd., Guangxi Nanning Javely Biological Products Co., Ltd., Challenge Bioproducts Co., Ltd., Enzyme Development Corporation, Xena Bio Herbals Pvt. ltd., Enzyme Technology (PTY) Ltd., Advanced Enzyme Technologies Limited, and Bio-gen Extracts Pvt. Ltd.

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

Global Bromelain Market: Segmentation

• Bromelain Market, by Source
  • Stem
  • Fruit
• Bromelain Market, by Application
  • Food & Beverages
  • Healthcare & Pharmaceuticals
  • Cosmetics
  • Other Industries

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • United Kingdom
  • Italy
  • France
  • Rest of EU
• Asia Pacific
  • China
  • India
  • Japan
  • Southeast Asia
  • Rest of APAC
• Central & South America
  • Brazil
  • Argentina
  • Rest of Central & South America
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • Rest of MEA