Bromelain Ingredient Market: Overview and Dynamics
Bromelain ingredient is a mixture of protein-digested enzymes from a pineapple plant stem, fruit and juice. It is used for oral and topical use in the form of pills, tablets and cream. Bromelain ingredient is weighed per gram in gelatin digestion units. The dosage varies between 80 mg and 400 mg per serving, 2 to 3 times a day.
The bromelain ingredient enzyme derived from the pineapple plant finds different applications in various end-use industries. Bromelain ingredient is used for the digestion of proteins on the industrial level. In nutraceuticals, Bromelain ingredient is increasingly being used in dietary supplements with added advantages such as anti-inflammation and immune enhancing properties.
According to Fact.MR insights, global bromelain ingredient market is expected to grow at a CAGR of 5.1% during the forecast period. The increasing demand from food and beverages sector drives the market growth of bromelain ingredient.
Consumer awareness of the benefits of positive fruit enzymes, like bromelain ingredients, is expected to become a major factor in boosting the international bromelain ingredient market during the forecast period.
Cosmetic sectors also adopting bromelain ingredients for making cosmetics, the ingredient has a strong anti-inflammatory effect which removes dead skin cells and helps to brighten the skin.
Meat industry is also set to play a major role in driving the demand for the bromelain ingredient. Traditional meat tendering methods using the marinating process take time and require considerable resources. Due to its intrinsic properties in the tenderization of meat, the bromelain ingredient enzyme decreases time after preparation and greatly reduces production costs.
Moreover, bromelain ingredient is being marketed as an ideal cure for stomach disorders, cancer, osteoarthritis, and muscle discomfort through research and development. Bromelain ingredient has been accepted as commonly safe (GRAS by the U.S. Food and Drug Administration, FDA) and resulted in continued growth in demand.
Bromelain ingredient is also used as a biocatalyst for the production of esters using the enzymatic extract from pineapple peels. Over the past half-decade, biocatalysts demand has soared from bundled industries namely from biotechnology and bromelain ingredient being an essential part of the biocatalyst family has observed demand surge during the forecast period.
COVID-19 Impact Insights
The impact of COVID-19 is expected to influence the global bromelain ingredient market as a whole moderately. Although demand from the cosmetic industry may decline slightly due to tight locking measures and shutdowns in the retail sector, there will be significant growth opportunities in the food & beverage industry, since bromelain ingredient is widely used to tend red meat preparation.
Market players can concentrate on research and development activities and tackle the challenges of gaining a competitive advantage in the supply chain. However, the availability of e-commerce sites during these periods has compensated for interruptions in consumer purchasing in the last miles. The force majeure caused by the pandemic would put tremendous stress on the operating expenses from a manufacturing standpoint.
The plant shutdowns in Europe, Asia, and North America in the second quarter of 2020, along with the move towards work from home culture has reduced the consumption of skin-care and beauty products leading to a drop in overall production of cosmetics and dietary supplements in turn effected the bromelain ingredient market.
Moreover, these lockdowns were not properly implemented in many countries leading to a spike in the overall active cases in the region. It is almost a year since the first strain of COVID-19 was detected and now there are news stating that, there is a third wave of COVID-19 with newer cases being reported every day.
On the flip side of the COVID-19 implications coin, Tier-2 manufacturers are struggling to manufacture and channel the product in the market owing to the higher marginal loss and partial demand from the market. Considering the aforementioned factors, market is set to resuscitate completely by Q3 of FY2021.
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Considering the regional classification, the report “Inhibited propylene Glycol” delivers a categorical study on six prominent regions which include North America, Europe, Latin America, South Asia & Oceania, East Asia, and Middle East & Africa.
Changes in lifestyle and dietary behaviors can lead to a rise in the burden of diabetes, hypertension, stroke, respiratory conditions, oral disorders, obesity, arthritis, and cancer. For example, more than half the U.S. population is living with at least one chronic illness. World Health Organization (WHO) estimates that by 2020 the prevalence of chronic diseases will increase by 57%.
Chronic diseases are projected to rise considerably in emerging economies due to rapid population growth. Owing to these factors North America is poised to remain the major consumer of bromelain ingredients in the long run. Additionally, the dominant market with main macroeconomic metrics, such as high per capita incomes and production output, supports North America's market growth.
In Germany bromelain ingredient is commonly used in the treatment of inflammation and swelling of the nose and sinus following an injury or operation. Innovative drugs which integrates essential active ingredients such as bromelain ingredient to support the demand growth of the bromelain ingredient over the long-run forecast period.
Asia-Pacific being the hotspot for the textile industry to enable the demand for the bromelain ingredients. Environmentally friendly fibre processing technologies and strategies to improve final product quality to bolster the utilization of the bromelain ingredients in the region. Continuous product and technical progress in the region's textile industry leads to rapid growth in demand for bromelain ingredient. Owing to these reason, bromelain ingredient’s demand is poised to rise over long-run forecast period.
Bromelain Ingredient Market: Key Players
Regulation authorisations, high-tech product launches, acquisition & partnership agreements with other companies are main strategies adopted by key players in the worldwide bromelain ingredient industry.
The key players in the bromelain ingredient market are
- Enzyme Development Corporation
- Xena Bio Herbals
- Enzyme Technology (PTY)
- Enzybel International
- Hong Mao Biochemical
- Nanning Pangbo Bioengineering
- Advanced Enzyme Technologies Limited
- Bio-gen Extracts
- Guangxi Nanning Javely Biological Products, hold more than three-fourths of the total bromelain ingredient market share.
Manufacturers should focus towards research and development activities for introduction of new and niche products with possible health advantages. Manufacturers are trying to capture the growing trend of customer preferences towards organic food products and ingredients. This will also aid towards the growth of the overall market during the forecast period 2021-2031.
During April, 2020 when the world was under lockdown, “Enzybel International” (known for plant derived enzymes) joined the “Belgian Health Ingredients” Group which has been accredited by “Good manufacturing practice” (GMP) in European Union for their bromelain ingredient development unit in Indonesia and became the first completely vertically integrated Bromelain ingredient Company in the world.
The research report presents a comprehensive assessment of the bromelain ingredient market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The bromelain ingredient market report provides analysis and information, according to market segments such as geographies, product type, source, application and region.
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The Bromelain Ingredient Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Bromelain Ingredient Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand , Rest of South Asia & Oceania)
- Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
The bromelain ingredient report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The bromelain ingredient report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The bromelain ingredient report also maps the qualitative impact of various market factors on market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
The Bromelain Market Report Highlights:
- A detailed overview of the parent market
- Changing Bromelain market dynamics in the industry
- In-depth Bromelain market segmentation
- Historical, current and projected Bromelain market size in terms of volume and value
- Recent industry trends and developments in Bromelain market
- Competitive landscape of Bromelain market
- Strategies of key players and products offered in Bromelain market
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Bromelain market performance
- Must-have information for Bromelain market players to sustain and enhance their market footprint
Key Segments of Bromelain Ingredient Market
On the basis of product type, Bromelain Ingredient Market has been segmented as follows:
On the basis of source, Bromelain Ingredient Market has been segmented as follows:
On the basis of application, Bromelain Ingredient Market has been segmented as follows:
- Food & Beverages
- Dietary Supplements
- Other Industries
On the basis of region, Bromelain Ingredient Market has been segmented as follows:
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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