Bromelain Market Size to Grow by USD 16.41 billion | Increasing Use of Natural Ingredients in the Food and Beverages Industry to Drive Growth | Technavio

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NEW YORK, Dec. 7, 2021 /PRNewswire/ -- The bromelain market is expected to witness the emergence of vendors such as Advanced Enzyme Technologies Ltd. and Changsha Natureway Co. Ltd. The market is expected to grow by USD 16.41 billion from 2021 to 2026. The growth momentum of the market is expected to accelerate at a CAGR of 7.38%.

Attractive Opportunities in Bromelain Market by Application and Geography - Forecast and Analysis 2022-2026
Attractive Opportunities in Bromelain Market by Application and Geography - Forecast and Analysis 2022-2026

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Bromelain Market: Drivers

The increasing use of natural ingredients in the food and beverages industry is one of the factors that will drive the growth of the bromelain market. Bromelain is used widely as a meat tenderizer owing to its proteolytic nature. It is also used in dietary supplements such as owing to its anti-inflammation and other immunity-boosting properties.

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Bromelain Market: Segmentation Analysis

The bromelain market has been segmented by application (meat and seafood, healthcare, dietary supplements, and others) and geography (North America, Europe, APAC, South America, and MEA).

The meat and seafood segment will dominate the bromelain market share growth during the forecast period. The rising population, growing disposable incomes, and increasing demand for protein-rich food products are leading to an increase in the consumption of meat and seafood. Economic development and rapid urbanization have changed the dietary preference of people in low- and middle-income countries, with the increase in demand for animal protein-rich foods.

APAC is expected to dominate the market, with a share of 33% of the market's growth during the forecast period, with the US and Canada being the key countries. The increasing popularity of meat-based snacks among millennials will drive the bromelain market growth in the region during the forecast period.

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Some of the key topics covered in the report include:

Market Challenges

Market Drivers

Market Trends

Vendor Landscape

  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • Competitive scenario

Bromelain Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.38%

Market growth 2022-2026

USD 16.41 billion

Market structure

Fragmented

YoY growth (%)

6.44

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 33%

Key consumer countries

US, China, Germany, Canada, and Brazil

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Advanced Enzyme Technologies Ltd., Changsha Natureway Co. Ltd., CN Lab Nutrition, Enzybel Group, Enzyme Development Corp., Enzyme Technologies (PTY) Ltd, Great Food Group of Companies, Guangxi Nanning Javely Biological Products Co. Ltd., Hong Mao Biochemicals Co. Ltd., and Mitushi BioPharma

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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