Bromelain Ingredient Market: Overview and Dynamics
Bromelain ingredient is a mixture of protein-digested enzymes from a pineapple plant stem, fruit and juice. It is used for oral and topical use in the form of pills, tablets and cream. Bromelain ingredient is weighed per gram in gelatin digestion units. The dosage varies between 80 mg and 400 mg per serving, 2 to 3 times a day.
The bromelain ingredient enzyme derived from the pineapple plant finds different applications in various end-use industries. Bromelain ingredient is used for the digestion of proteins on the industrial level. In nutraceuticals, Bromelain ingredient is increasingly being used in dietary supplements with added advantages such as anti-inflammation and immune enhancing properties.
According to Fact.MR insights, global bromelain ingredient market is expected to grow at a CAGR of 5.1% during the forecast period. The increasing demand from food and beverages sector drives the market growth of bromelain ingredient.
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Consumer awareness of the benefits of positive fruit enzymes, like bromelain ingredient, is expected to become a major factor in boosting the international bromelain ingredient market during the forecast period.
Cosmetic sectors also adopting bromelain ingredient for making cosmetics, the ingredient has a strong anti-inflammatory effect which removes dead skin cells and helps to brighten the skin.
Meat industry is also set to play a major role in driving the demand for the bromelain ingredient. Traditional meat tendering methods using the marinating process take time and require considerable resources. Due to its intrinsic properties in the tenderization of meat, the bromelain ingredient enzyme decreases time after preparation and greatly reduces production costs.
Moreover bromelain ingredient is being marketed as an ideal cure for stomach disorders, cancer, osteoarthritis, and muscle discomfort through research and development. Bromelain ingredient has been accepted as commonly safe (GRAS by the U.S. Food and Drug Administration, FDA) and resulted into continued growth in demand.
Bromelain ingredient is also used as a biocatalyst for the production of esters using enzymatic extract from pineapple peels. Over the past half-decade, biocatalysts demand has soared from bundled industries namely from biotechnology and bromelain ingredient being an essential part of the biocatalyst family has observed demand surge during the forecast period.
COVID-19 Impact Insights
The impact of COVID-19 is expected to influence the global bromelain ingredient market as a whole moderately. Although demand from the cosmetic industry may decline slightly due to tight locking measures and shutdowns in the retail sector, there will be significant growth opportunities in the food & beverage industry, since bromelain ingredient is widely used to tend red meat preparation.
Market players can concentrate on research and development activities and tackle the challenges of gaining competitive advantage in the supply chain. However, the availability of e-commerce sites during these periods has compensated for interruptions in consumer purchasing in the last miles. The force majeure caused by the pandemic would put tremendous stress on the operating expenses on the manufacturing standpoint.
The plant shutdowns in Europe, Asia and North America in the second quarter of 2020, along with the move towards work from home culture has reduced the consumption of skin-care and beauty products leading to a drop in overall production of cosmetics and dietary supplements in turn effected the bromelain ingredient market.
Moreover, these lockdowns were not properly implemented in many countries leading to a spike in the overall active cases in the region. It is almost a year since the first strain of COVID-19 was detected and now there are news stating that, there is a third wave of COVID-19 with newer cases being reported every day.
On the flip side of the COVID-19 implications coin, Tier-2 manufacturers are struggling to manufacture and channel the product in the market owing to the higher marginal loss and partial demand from the market. Considering the aforementioned factors, market is set to resuscitate completely by Q3 of FY2021.
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Considering the regional classification, the report “Inhibited propylene Glycol” delivers a categorical study on six prominent regions which include North America, Europe, Latin America, South Asia & Oceania, East Asia and Middle East & Africa.
Change in lifestyle and dietary behaviours can lead to a rise in the burden of diabetes, hypertension, stroke, respiratory conditions, oral disorders, obesity, arthritis and cancer. For example, more than half the U.S. population is living with at least one chronic illness. World Health Organization (WHO) estimates that by 2020 the prevalence of chronic diseases will increase by 57%.
Chronic diseases are projected to rise considerably in emerging economies due to rapid population growth. Owing to these factors North America is poised to remain the major consumer of bromelain ingredient in the long run. Additionally, the dominant market with main macroeconomic metrics, such as high per capita incomes and production output, supports North America’s market growth.
In Germany bromelain ingredient is commonly used in the treatment of inflammation and swelling of the nose and sinus following an injury or operation. Innovative drugs which integrates essential active ingredients such as bromelain ingredient to support the demand growth of the bromelain ingredient over the long-run forecast period.
Asia-Pacific being the hotspot for the textile industry to enable the demand for the bromelain ingredients. Environmentally friendly fibre processing technologies and strategies to improve final product quality to bolster the utilization of the bromelain ingredients in the region. Continuous product and technical progress in the region’s textile industry leads to rapid growth in demand for bromelain ingredient. Owing to these reason, bromelain ingredient’s demand is poised to rise over long-run forecast period.
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Bromelain Ingredient Market: Key Players
Regulation authorisations, high-tech product launches, acquisition & partnership agreements with other companies are main strategies adopted by key players in the worldwide bromelain ingredient industry.
The key players in the bromelain ingredient market are
- Enzyme Development Corporation
- Xena Bio Herbals
- Enzyme Technology (PTY)
- Enzybel International
- Hong Mao Biochemical
- Nanning Pangbo Bioengineering
- Advanced Enzyme Technologies Limited
- Bio-gen Extracts
- Guangxi Nanning Javely Biological Products, hold more than three-fourths of the total bromelain ingredient market share.
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