Global Bromelain Market Estimated to Represent Value of US$ 129.6 Mn During 2017-2025
The global bromelain market is estimated to represent an absolute $ opportunity of US$ 11.6 Mn in 2017 over 2016, and an incremental $ opportunity of US$ 129.6 Mn between 2017 and 2025.
Albany, NY -- (SBWire) -- 01/05/2018 --This research report offers a comprehensive analysis of the "Global Market Study on Bromelain: Cosmetics Application Segment to Witness Relatively Low Growth in Terms of Revenue During 2017 – 2025" The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.
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Rising use of clean label ingredients in the food and beverages industry to boost global market demand for bromelain
Derived from the pineapple plant, the bromelain enzyme finds various applications across different end-use industries. At the industrial level, bromelain is used to digest proteins. The proteolytic nature of bromelain finds application in the F&B industry where bromelain is largely used as a meat tenderizer. With added benefits such as anti-inflammation and immunity boosting properties, bromelain is being increasingly used in dietary supplements. Bromelain also finds application as a viable solution to several energy and resource consuming processes in industries such as leather and paper processing.
The meat industry is a large part of the global food & beverages sector and there is a continuous and rapidly rising consumer demand for processed meat and ready-to-cook and ready-to-eat meat dishes, owing to the ease of consumption of these ready meat food products. Bromelain is in great demand in the F&B industry to tenderize red meat. Traditional methods of meat tenderization using the process of marination is time consuming and requires a significant amount of resources. The Bromelain enzyme – owing to its inherent properties to tenderize meat – helps reduce post process preparation time and reduces production costs significantly. This is anticipated to boost market demand for the enzyme in the coming years.
Food & Beverages and Pharmaceuticals largest application segments in the global bromelain market
The Food & Beverages and Pharmaceuticals industries have the largest applications of bromelain for several processes. Both these segments are collectively expected to hold more than 85% of the global bromelain market share throughout the forecast period 2017 – 2025. Increasing application of bromelain in the bakery, meat, and brewing industry is likely to boost revenue growth of the F&B segment during the period of assessment. The Food & Beverages segment is estimated to represent an absolute $ opportunity of US$ 11.6 Mn in 2017 over 2016, and an incremental $ opportunity of US$ 129.6 Mn between 2017 and 2025. The Pharmaceuticals segment is estimated to represent an absolute $ opportunity of US$ 10.0 Mn in 2017 over 2016, and an incremental $ opportunity of US$ 102.9 Mn between 2017 and 2025.
Applications of bromelain across end-use industries in the various regional markets
Rising demand from the household care and meat industries in North America: The detergent industry in North America is the largest consumer of enzymes and the household care industry extensively utilizes enzymes such as bromelain in various products. The meat industry in North America is on an upward growth trajectory, owing to increasing consumption of meat products by the population. Bromelain being the most sought after meat tenderizing agent is in great demand in the F&B industry across North America. A trending development in this region is the adoption of bromelain in teeth whitening products. Oral care product manufacturers are now including bromelain-added products in their offerings.
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Increasing demand from the animal feed market in Latin America: Brazil is the leading consumer of poultry feed and feed additives in Latin America. There is a growing demand for poultry meat in the region. The carbohydrate and protein enhancing solutions for the animal feed market are driving the growth in demand for enzymes such as bromelain. Addition of the bromelain enzyme improves the digestibility of cereal containing feeds. Also, Brazil and Argentina are the two largest consumers and exporters of meat in Latin America and consequently, there has been a steadily increasing demand for bromelain across the region.
Rising consumption of bromelain supplements and increased usage in the cosmetics industry in Europe: Bromelain is widely used as a health supplement in Germany, and is used to treat inflammation and swelling of the nose and sinus after an injury or surgery. Also, top players in Europe's cosmetics industry are developing innovative products by including bromelain, as bromelain helps in treating acne, wrinkles, and dry skin. It also helps in post-injection bruising and swelling.
Growing demand for bromelain in the textile industry in Asia Pacific: There is a growing demand for enzymes in textile processing across the APAC region, as enzymes allow the development of environmentally-friendly technologies in fiber processing and strategies to improve the quality of the final product. Continuous product and technological innovation in the textile industry in the region is leading to a rapid increase in the demand for enzymes like bromelain. Bromelain also finds application as a skin recovery agent, protecting the skin from damage occurring during cosmetic and dermal surgeries. Demand for bromelain from APAC's pharmaceuticals industry is currently on an upswing.
Growing demand in the bakery industry in the Middle East & Africa: The bakery industry in the MEA region is steadily growing, especially in countries such as Turkey and Bulgaria. Bromelain finds wide application in the bakery industry to increase the rate of reaction, improve dough relaxation, prevent dough re-shrinkage, and reduce the production time. Bromelain is also used in ready-to-eat and frozen food products and a growing consumer demand for these food products is boosting regional market demand for bromelain.
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