Surge in Demand for Enzyme-based Ingredients to Drive Global Market
Research and development activities have played an imperative role in introducing new and niche food ingredients that have potential health benefits. Ongoing trends in the food & beverages sector such as increasing demand for plant-based, organic, and natural food products and ingredients are expected to gain further momentum in the upcoming years. The increasing consumer awareness pertaining to the benefits of beneficial fruit-based enzymes, including bromelain, is anticipated to play a key role in boosting the global bromelain market during the forecast period.
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The increasing demand for bromelain as a dietary supplement to minimize pain and swelling, particularly of gums, sinuses, and other parts of the body post-surgery, is projected to have a strong influence on the global bromelain market during the forecast period. In addition, due to research and development, bromelain is increasingly being promoted as an ideal solution for digestive problems, cancer, osteoarthritis, and soreness of muscles. The U.S. Food and Drug Administration (FDA) has deemed bromelain as generally recognized as safe (GRAS) due to which, the demand continues to witness steady growth.
At the back of these factors, along with increasing consumption of clean label ingredients, the global bromelain market is expected to surpass the value of US$ 1.1 Bn by the end of 2030.
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Increase in Usage of Clean Label Ingredients in Food & Beverages Industry to Drive Bromelain Market
Bromelain is derived from pineapple plant from the fruit and stem. Bromelain is extensively utilized in various industries, including food & beverages, healthcare & pharmaceuticals, and cosmetics. At the industrial level, bromelain is employed to digest proteins. The proteolytic nature of bromelain is used in the food & beverages industry, where it is widely utilized as a meat tenderizer. Bromelain has added benefits such as immunity boosting and anti-inflammation properties. It is being increasingly used in dietary supplements. The demand for bromelain is high in the food & beverages industry to tenderize red meat. This is expected to drive the market.
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Competition Landscape
The global bromelain market is fragmented in terms of number of players. Key players in the global bromelain market include Enzybel International S.A, Hong Mao Biochemicals Co., Ltd., Nanning Pangbo Bioengineering Co., Ltd., Guangxi Nanning Javely Biological Products Co., Ltd., Challenge Bioproducts Co., Ltd., Enzyme Development Corporation, Xena Bio Herbals Pvt. ltd., Enzyme Technology (PTY) Ltd., Advanced Enzyme Technologies Limited, and Bio-gen Extracts Pvt. Ltd.
Global Bromelain Market: Segmentation
- Bromelain Market, by Source
- Stem
- Fruit
- Bromelain Market, by Application
- Food & Beverages
- Healthcare & Pharmaceuticals
- Cosmetics
- Other Industries
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