“Global Bromelain Market, by Grade (Industrial Grade, Pharmaceutical Grade), By End-Use (Glass, Ceramic, Agriculture, Medical, Other End-Uses), as well as by Region – Global Forecast 2021 to 2030.”, which offers a comprehensive view of the global bromelain market through systematic segmentation, covering every aspect of this target market. The 5-year (2021–2026) cumulative revenue of this market is projected to be over USD $886.7 Mn, and is estimated to increase moderately over the latter part of the forecast period.
Bromelain is an enzyme extract derived from the stems of pineapples, although it exists in all parts of a fresh pineapple. The extract has a history of folk medicine use. As an ingredient, it has various applications such as in cosmetics, as a topical medication, and even as a meat tenderizer.
The increasing incidence of various physical disorders such as sinusitis, osteoarthritis, muscle soreness, cancer, digestive disorders, etc., where bromelain has been found to be a more effective and cheaper alternative to conventionally expensive anti-inflammatory drugs is a factor that is anticipated to play a crucial role in the projected revenue growth of the global bromelain market in the foreseeable future. In addition to bromelain being utilized as an efficient aid to burns of varying degrees, the recent COVID-19 outbreak has led many individuals to seek various types of supplements that will allow them to remain in optimum health by boosting their respective immunity levels. Another factor that is slated to contribute to the additional market growth of this global industry is the increasing use of bromelain in the food processing industry as a meat tenderizer in various ready-to-eat/consume products, which over the last year has witnessed a steady spike in consumption levels due to lockdowns and other restrictions being enforced by respective governing authorities across the world. These aforementioned factors are some of the most crucial elements that are anticipated to play a critical role in edging the projected revenue of this industry to USD $1,052.3 Mn by 2030, at a CAGR of 4.4%.
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