The global Bromelain market size is expected to be worth around US$ 65.6 million by 2027, according to a new report by Vision Research Reports.
The global Bromelain market size was valued at US$ 37.5 million in 2019 and is anticipated to grow at a CAGR of 7.1% during forecast period 2020 to 2027.
Get Sample Copy of This Report (Including TOC, List of Tables & Figures, and Chart)@ https://www.visionresearchreports.com/report/sample/35876
Bromelain Market Size, Share, Growth, Trends, Company Analysis, Regional Insights and Forecast 2020 – 2027 – Breakdown Data by Regions, Type, Manufacturers and Applications
Growth in the healthcare, meat & seafood, bakery, cosmetics, and beverage sectors in various countries, including the U.S., China, Germany, France, Brazil, South Africa, Indonesia, and India, will augment the product demand during the forecast period. The use of bromelain in the healthcare sector is expected to witness substantial growth during the forecast period because of rising R&D activities to enhance the product applications in the treatment of cancer, HIV aids, and inflammatory diseases like asthma, coeliac disease, hepatitis, glomerulonephritis, and autoimmune diseases.
The market is expected to witness significant growth in the near future owing to the development in the healthcare and meat & seafood industries. In addition, the market in developed regions like North America and Europe is expected to accelerate on account of growth in R&D to widen in the product application scope in the treatment of cancer, Acquired Immune Deficiency Syndrome (HIV/AIDS), asthma, Inflammatory Bowel Disease (IBD), sprained ankles, tendonitis, and ACL tears.
The meat & seafood segment accounted for the largest revenue share of over 55% in 2019 and is expected to continue its dominance over the forecast period. Bromelain is predominantly used to improve the tenderness of meat & seafood. Rising demand for packaged food products coupled with a growing population will fuel the segment growth during the forecast period.
The global meat and seafood industry has witnessed tremendous growth over the past few years. According to the OECD Agriculture statistics, average meat consumption per person is expected to reach 35.3 kg/year by 2025.
The Asia Pacific region accounted for the largest revenue share of over 27% in 2019 and is expected to continue its dominance registering the fastest CAGR over the forecast period.
Europe is estimated to have significant growth in the coming years. As per EPO Statistics, in 2016, 5754 patents were filed in the pharmaceutical sector, 5744 patents were filed in the biotechnology sector, and 1578 patents were filed in the food chemistry sector in Europe. Such statistics depict that the region is into extensive R&D in the healthcare industry, making it a substantial market.
Energy-efficient technologies and R&D initiatives to develop good-quality products are expected to offer ample opportunities for industry participants over the forecast period. Growing demand for natural enzymes to develop medications is expected to augment the product demand in the near future.
- Enzybel International SA,
- Enzyme Technology (PTY) Ltd
- Hong Mao Biochemicals Co., Ltd
- Great Food Group of Companies
- Nanning Doing-Higher Bio-Tech Co., Ltd
- Biozym Gesellschaft für Enzymtechnologie mbH
- Cn Lab Nutrition
- Arisun ChemPharm
- Hangzhou Huajin Pharmaceutical Co., Ltd.
- Shaanxi Guanjie Technology Co., Ltd
- Changsha Natureway Co., Ltd
- Aumgene Biosciences
- Mitushi Biopharma
- Enzyme Bioscience Pvt. Ltd
- Bio-gen Extracts Pvt. Ltd.
- Guangxi Nanning Javely Biological Products Co., Ltd
Bromelain Application Outlook
- Meat & Seafood
- Dietary Supplements
Bromelain Regional Outlook
- North America
- The U.S
- The U.K.
- Asia Pacific
- Central & South America
- Middle East & Africa
- South Africa
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/35876 or call: +1 9197 992 333