Global Bromelain Market By Form (Powder, Cream and Others), By Application (Food & Beverages, Pharmaceuticals and Others), By Distribution Channel (Retail Sales Channel, Pharmacies & Drug Stores and Others) and Region - Global Forecast to 2030

“Global Bromelain Market” is the title of a recently published market report compiled by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global bromelain market has been segmented on the basis of form, application, distribution channel, as well as regions and countries.

The Global Bromelain Market was valued at UЅD $710.6 Мn in 2020, and is projected to achieve a valuation of UЅD $1,052.3 Мn by 2030, at a САGR of 4.4%.

Overview:

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.

Dynamics:

Owing to the increasing use of bromelain in health supplements, and the growing significance of healthy living among individuals across the world is a primary factor that is expected to continue to influence the revenue growth of the global bromelain market over the next 10 years. Moreover, the increasing usage of bromelain as an effective anti-inflammatory drug of choice is an additional factor that is expected to have a positive impact on potential market growth opportunities in the near future.

Furthermore, the increasing usage of bromelain in skin care products owing to the many benefits it offers is also a factor that is anticipated to have a profound effect on the revenue growth of the global bromelain market in the coming years.

In light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global bromelain market is no different, and this is expected to have a significantly negative impact on the revenue growth of this industry in the coming years. However, as individuals across the world are looking to stay healthy and keep their immune systems in better conditions than they respectively were before is a factor that is expected to soften the blow dealt by this pandemic.

Nonetheless, the growing usage of bromelain as an effective meat tenderizer and the increasing consumption of meat by growing populations across the world is another major factor that is slated to continue to fuel the revenue growth of the global bromelain market in the years to come.

Segmentation of the global bromelain market is as follows:

In terms of form, the powder form segment accounted for the maximum number of revenue shares of the global bromelain market in 2020, and is expected to continue doing so over the forecast period. The capsule form segment is also anticipated to index a high CAGR over the next 10 years.

With regards to application, the food & beverages segment accounted for the highest number of revenue shares of the global bromelain market in 2020, and is anticipated to register the highest CAGR over the next decade. The pharmaceuticals segment is also expected to register considerable revenue growth in the years to come.

On the basis of distribution channels, the retail sales channel segment accounted for the majority number of revenue shares in 2020, and this segment is slated to remain the majority shareholder in this global market over the next decade. The pharmacies & drug stores segment is also projected to experience significant revenue growth over the next 10 years.

Regional Segmentation and Analysis:

North America accounted for the maximum number of revenue shares of the global bromelain market in 2020, and is expected to index the same for the remainder of this forecast period. However, the markets in the Asia Pacific region are anticipated to register the highest CAGR over the next 10 years.

Segmentation of the Global Bromelain Market:

Segmentation by Form:

• Powder
• Cream
• Tablet
• Capsule

Segmentation by Application:

• Food & Beverages
• Pharmaceuticals
• Industrial
• Cosmetics

Segmentation by Distribution Channel:

• Retail Sales Channel
• Pharmacies & Drug Stores
• Online Sales Channel

Segmentation by Regions:

• North America
• Europe
• APAC
• South America
• MEA