Bromelain Market Size, Share & Demand, Sector / Industry Report & Analysis, 2018-2025 (Includes Business Impact of COVID-19)
- TBI947825
- August 01, 2019
- Global
- 132 pages
- HCCResearch
Abstract, Snapshot, Market Analysis & Market Definition: Global Bromelain Market
The global bromelain market size was valued at USD 26.7 million in 2016 on account of its increasing demand in end-user industries such as healthcare, meat & seafood and diet supplements sector in various countries including the U.S., China, Germany, France, South Africa, Malaysia, Indonesia and India.
The meat and seafood industry is the largest market where bromelain is consumed. It is extensively used to improve tenderness of beef, pork, chicken and squids. The U.S., Brazil, Germany, Netherlands, Australia, Spain, Canada, Poland, New Zealand and India are considered to be the major markets in this segment.
Easy availability of the product in various specifications ranging from 1000 GDU/gram to 3000 GDU/gram will augment market growth in the near future. North America has a very strong and vast customer base. The region holds a prominent market share in global healthcare industry and meat & seafood industry making it an ideal market for bromelain. The region fulfils most of its demand by imports from Thailand, India and China.
As per NAMI (North America Meat Institute), meat & poultry sector is considered to be the most dominant sector in agriculture industry of the U.S. In 2013, meat companies in the U.S. produced 25.8 billion pounds of beef, 5.8 billion pounds of turkey, 38.4 billion pounds of chicken, 23.2 billion pounds of pork and 286 million pounds of veal, lamb and mutton. During the forecast period, meat & seafood demand is expected to grow on account of increasing population, thereby positively affecting the bromelain market.
As of 2016, Europe had the second largest customer base after North America. By revenue, it was the third largest market. Demand for bromelain is expected to grow on account of growth in R&D in healthcare sector in the region.
Market Segmentation, Outlook & Viewpoint: Global Bromelain Market
Application Market Segmentation & Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
Healthcare
Food & beverages
Dietary Supplements
Others
Key Players, Recent Developments & Regional Insights: Global Bromelain Market
Meat & seafood sector displayed dominance in the market in terms of market share, accounting for 56.3% of global consumption by value in 2016. The industry has witnessed tremendous growth over the past few years because of growth in food container demand globally.
Extensive R&D in order to find effective cure to diseases like asthma, cancer sinus infections, inflammatory bowel disease, sprained ankles, tendonitis and ACL tears is expected to promote market in healthcare sector during 2017-2025.
Dietary supplements and cosmetic industries use bromelain in development of capsules, tablets, gelcaps, softgels, liquids and powder. Awareness about personal health among people is an essential reason leading to growth in both of these industries, therefore augmenting growth in demand of bromelain. Some of the major companies which offer dietary supplements made using bromelain are The Vitamin Shoppe, GNC, Pure Encapsulations, NOW Foods, Americana Made, Doctor's Best, Tropical+Holistic,and Jarrow.
Competitive Insights
This industry is dominated by some key players including Enzybel International SA, Hong Mao Biochemicals Co., Ltd, and Great Food Group of Companies. Companies are continuously trying to expand their bromelain production capacity because the product has been in demand in applications like healthcare, meat & seafood, dietary supplements, cosmetics, bakery, and beverage industry. There has been tremendous growth in all of bromelain’s end user industries in the past and similar trend is expected during the forecast period because of which demand of bromelain is at rise.
Companies are increasing spending towards R&D for producing high quality bromelain. A project titled “The Methods and Compositions for Treating / Preventing Various Types of Cancer Which Comprise Administered an Effective Amount of Glyco-Polypeptides, such as Comosain, Bromelainases, Ananase, and a Mixture Thereof. By Way of (a) MMAPKinase (Major Mitogen Activiting Protein Kinase), (b) TPKinase (Tryosine Phosphorylation Kinase) Inhibitors Which Induce Cascade Production of Interleukin II B, 6, 8 & TNFs Through TCRs/ CD-2, TCRs/ CD-3 of WBC” was sponsored by Oeyama-Moto Cancer Research Foundation with an objective to use bromelain & Comosain to cure cancer in humans. Such projects in future are expected to aid bromelain manufacturers to improve on the quality of bromelain and make it more apt for healthcare industry.
Distributorship and trading in the market is expected to surge during 2017-2025 because product is mainly manufactured in Asia-Pacific countries like Indonesia and Thailand while its requirement has been more significant in North American and European countries like the U.S. and Germany.
Key Insights Covered: Global Bromelain Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Bromelain industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Bromelain industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Bromelain industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Bromelain industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Bromelain industry.
Research Methodology: Global Bromelain Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources 1.4. List of AbbreviationsChapter 2. Executive Summary 2.1. Market SnapshotChapter 3. Bromelain Market Variables, Trends & Scope 3.1. Market segmentation & scope 3.2. Penetration & growth prospect mapping 3.3. Raw material outlook 3.4. Value chain analysis 3.5. Regulatory framework 3.5.1. Bromelain Production& Storage Regulatory 3.5.2. Guidance for Industry Enzyme Preparations: Recommendations for Submission of Chemical and T | read more...
