Asia Pacific Bromelain Market Forecast to 2030
Asia Pacific Bromelain Market Forecast to 2030 – Regional Analysis – by Source (Stem and Fruit) and Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care, and Others)
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Description
Rising Preference for Natural Plant-Based Ingredients Fuels the Asia Pacific Bromelain Market
Consumers are increasingly seeking products with natural additives and clean-label ingredients. Bromelain, a natural enzyme derived from the pineapple plant, is preferred as a natural additive over synthetic additives in various industries. Consumers are inclined toward consuming safer products that help them maintain overall health. The growing interest in chemical-free products boosts the demand for natural additives such as bromelain in industries such as pharmaceutical and nutraceuticals, food & beverages, and cosmetics.
Bromelain is a plant protease preferred by consumers over animal proteases, as they carry a lower risk of disease transmission. Moreover, environmental concerns; sustainability; lower prices; and animal welfare, religious, and ethical issues are among other parameters driving the popularity of bromelain. In some countries, the use of enzymes synthesized from recombinant technology is prohibited in the food industry. In several countries, animal proteases or microbial fermentation are subject to religious issues (such as Halal compliance), which can be avoided by using plant-based components. Thus, the rising preference for natural, plant-based ingredients is expected to create lucrative growth opportunities in the Asia Pacific bromelain market during the forecast period.
Asia Pacific Bromelain Market Overview
The Asia Pacific bromelain market is sub-segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. Asia Pacific is the largest producer of pineapple globally, which can be mainly attributed to optimum land availability and favorable temperature conditions; thus, major manufacturing units of bromelain are present in the region. Bromelain produced mainly in parts of the world where pineapples are grown. According to the Food and Agriculture Organization Statistic Database (FAOSTAT), Brazil, Indonesia, Thailand, China, and India are among the top pineapple-producing Asian countries. Thus, the high bromelain production levels in the region are associated with an uninterrupted supply of raw materials, resulting in lower production costs.
Bromelain is mainly used for meat tenderization; thus, the rapidly growing meat industry in the countries favors the Asia Pacific bromelain market growth. According to the Organization for Economic Co-Operation and Development (OECD) and the Food and Agricultural Organization (FAO), China consumed almost 100 million tons of meat in 2021, which was equivalent to 27% of the world’s total consumption and twice the consumption in the US. Thus, the demand for bromelain is high in China.
The number of health-conscious consumers is increasing in emerging countries in Asia Pacific as a result of the impact of social media. The demand for bromelain is increasing with the growing popularity of nutritional supplements, and personal and sports nutrition products in this region. Functional food and beverages have gained immense popularity among the health-conscious population. Bromelain is gaining popularity as a nutricosmetic component in the Asia Pacific. As a result, bromelain-enriched face masks and other cosmetic products are becoming a skincare trend in the region, which further benefits the market in this region.
Asia Pacific Bromelain Market Revenue and Forecast to 2030 (US$ Thousand)
Asia Pacific Bromelain Market Segmentation
The Asia Pacific bromelain market is segmented into source, application, and country.
Based on source, the Asia Pacific bromelain market is bifurcated stem and fruit. The stem market segment held a larger share in 2022.
In terms of application, the Asia Pacific bromelain market is categorized into food & beverages, pharmaceuticals & nutraceuticals, personal care, and others. The food & beverages segment held the largest share in 2022.
Based on country, the Asia Pacific bromelain market is segmented Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. The Rest of the Asia Pacific dominated the Asia Pacific bromelain market in 2022.
Antozyme Biotech Pvt Ltd, Challenge Bioproducts Co Ltd, Changsha Natureway Co Ltd, Creative Enzymes, Enzybel International SA, Great Food (Biochem) Co Ltd, Guangxi Nanning Javely Biological Products Co Ltd, Hong Mao Biochemicals Co Ltd, and Medikonda Nutrients are some of the leading companies operating in the Asia Pacific bromelain market.
Summary Info
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According to The Research Team’ research, the Asia Pacific bromelain market was valued at US$ 13.75 million in 2022 and is expected to reach US$ 23.36 million by 2030, registering a CAGR of 6.8% from 2022 to 2030. Rising preference for natural plant-based ingredients and broad application scope in the food industry are among the critical factors attributed to the Asia Pacific bromelain market expansion.
Bromelain is used in the pharmaceutical industry as an anti-tumorigenic, anti-inflammatory, and anti-thrombotic agent. Moreover, it can prevent diseases such as bronchitis, sinusitis, and thrombophlebitis. It has been studied for its platelet aggregation inhibition, anti-edematous, anti-thrombotic, and fibrinolytic activities. It is also known for its ability to aid in digestion and wound-healing enhancement. Owing to these therapeutic actions, it is extensively used in pharmaceutical formulas and health supplements. The growing focus on maintaining optimum digestive and gut health boosts the demand for bromelain in dietary supplement manufacturing.
Bromelain is also applied in treating inflammation and swelling of the nose and sinuses after an injury or surgery. The anti-inflammatory and analgesic properties of bromelain make it an effective treatment for pain, soft tissue swelling, and joint stiffness associated with osteoarthritis. Bromelain improves functionality and decreases pain in mild acute knee pain and osteoarthritis. According to the World Health Organization (WHO), nearly 528 million people worldwide were living with osteoarthritis in 2019, recording an increase of 113% since 1990. Therefore, the rising applications of bromelain in the pharmaceutical & nutraceutical industries fuels the market growth.
On the contrary, high production cost hamper the growth Asia Pacific bromelain market .
Based on source, the Asia Pacific bromelain market is segmented into stem and fruit. The stem market segment held 78.5% share of the Asia Pacific bromelain market in 2022, amassing US$ 10.79 million. It is projected to garner US$ 18.10 million by 2030 to expand at 6.7% CAGR during 2022-2030.
By end user, the Asia Pacific bromelain market is categorized into food & beverages, pharmaceuticals & nutraceuticals, personal care, and others. The pharmaceuticals & nutraceuticals segment held 38.9% share of Asia Pacific bromelain market in 2022, amassing US$ 5.35 million. It is projected to garner US$ 8.62 million by 2030 to expand at 6.1% CAGR during 2022-2030.
Based on country, the Asia Pacific bromelain market is categorized into China, India, Japan, Australia, South Korea, and the Rest of the Asia Pacific. The Rest of the Asia Pacific held 32.1% share of Asia Pacific bromelain market in 2022, amassing US$ 4.41 million. It is projected to garner US$ 7.04 million by 2030 to expand at 6.0% CAGR during 2022-2030.
Key players operating in the Asia Pacific bromelain market are Antozyme Biotech Pvt Ltd, Challenge Bioproducts Co Ltd, Changsha Natureway Co Ltd, Creative Enzymes, Enzybel International SA, Great Food (Biochem) Co Ltd, Guangxi Nanning Javely Biological Products Co Ltd, Hong Mao Biochemicals Co Ltd, and Medikonda Nutrients, among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific bromelain market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific bromelain market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Bromelain Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturing Process
4.3.3 Distributors or Suppliers
4.3.4 End-Use Industries
4.4 List of Vendors
5. Asia Pacific Bromelain Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Broad Application Scope in the Food Industry
5.1.2 Increasing Applications in Pharmaceutical & Nutraceutical Industry
5.2 Market Restraints
5.2.1 High Production Cost
5.3 Market Opportunities
5.3.1 Rising Preference for Natural Plant-Based Ingredients
5.4 Future Trends
5.4.1 Consumers Inclination Toward Skin Health
5.5 Impact Analysis of Drivers and Restraints
6. Bromelain Market – Asia Pacific Market Analysis
6.1 Overview
6.2 Asia Pacific Bromelain Market Revenue (US$ Thousand)
6.3 Asia Pacific Bromelain Market Forecast and Analysis
7. Asia Pacific Bromelain Market Analysis – Source
7.1 Stem
7.1.1 Overview
7.1.2 Stem Market Revenue and Forecast to 2030 (US$ Thousand)
7.2 Fruit
7.2.1 Overview
7.2.2 Fruit Market Revenue and Forecast to 2030 (US$ Thousand)
8. Asia Pacific Bromelain Market Analysis – Application
8.1 Food & Beverages
8.1.1 Overview
8.1.2 Food & Beverages Market Revenue, and Forecast to 2030 (US$ Thousand)
8.2 Pharmaceuticals & Nutraceuticals
8.2.1 Overview
8.2.2 Pharmaceuticals & Nutraceuticals Market Revenue, and Forecast to 2030 (US$ Thousand)
8.3 Personal Care
8.3.1 Overview
8.3.2 Personal Care Market Revenue, and Forecast to 2030 (US$ Thousand)
8.4 Others
8.4.1 Overview
8.4.2 Others Market Revenue, and Forecast to 2030 (US$ Thousand)
9. Asia Pacific Bromelain Market – Country Analysis
9.1.1 Asia Pacific Bromelain Market, by Key Country – Revenue (2022) (US$ Thousand)
9.1.2 Asia Pacific Bromelain Market Breakdown by Country
9.1.2.1 Asia Pacific Bromelain Market Breakdown by Country
9.1.2.2 China: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand)
9.1.2.2.1 China: Asia Pacific Bromelain Market Breakdown by Source
9.1.2.2.2 China: Asia Pacific Bromelain Market Breakdown by Application
9.1.2.3 Japan: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand)
9.1.2.3.1 Japan: Asia Pacific Bromelain Market Breakdown by Source
9.1.2.3.2 Japan: Asia Pacific Bromelain Market Breakdown by Application
9.1.2.4 India: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand)
9.1.2.4.1 India: Asia Pacific Bromelain Market Breakdown by Source
9.1.2.4.2 India: Asia Pacific Bromelain Market Breakdown by Application
9.1.2.5 Australia: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand)
9.1.2.5.1 Australia: Asia Pacific Bromelain Market Breakdown by Source
9.1.2.5.2 Australia: Asia Pacific Bromelain Market Breakdown by Application
9.1.2.6 South Korea: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand)
9.1.2.6.1 South Korea: Asia Pacific Bromelain Market Breakdown by Source
9.1.2.6.2 South Korea: Asia Pacific Bromelain Market Breakdown by Application
9.1.2.7 Rest of Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand)
9.1.2.7.1 Rest of Asia Pacific Bromelain Market Breakdown by Source
9.1.2.7.2 Rest of Asia Pacific Bromelain Market Breakdown by Application
10. Competitive Landscape
10.1 Heat Map Analysis
11. Company Profiles
11.1 Hong Mao Biochemicals Co Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Enzybel International SA
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Guangxi Nanning Javely Biological Products Co Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Creative Enzymes
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Medikonda Nutrients
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Changsha Natureway Co Ltd
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Antozyme Biotech Pvt Ltd
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Challenge Bioproducts Co Ltd
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Great Food (Biochem) Co Ltd
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
LIST OF TABLES
Table 1. Asia Pacific Bromelain Market Segmentation
Table 2. List of Raw Material Suppliers in Value Chain
Table 3. List of Manufacturers in Value Chain
Table 4. Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand)
Table 5. Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand) – Source
Table 6. Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand) – Application
Table 7. China: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand) – by Source
Table 8. Japan: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand) – Source
Table 9. Japan: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand) – Application
Table 10. India: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand) – Source
Table 11. India: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand) – Application
Table 12. Australia: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand) – Source
Table 13. Australia: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand) – Application
Table 14. South Korea: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand) – by Source
Table 15. South Korea: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand) – Application
Table 16. Rest of Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand) – Source
Table 17. Rest of Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand) – Application
Table 18. Heat Map Analysis
LIST OF FIGURES
Figure 1. Asia Pacific Bromelain Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis: Asia Pacific Bromelain Market
Figure 3. Ecosystem: Asia Pacific Bromelain Market
Figure 4. Asia Pacific Bromelain Market – Key Industry Dynamics
Figure 5. Asia Pacific Bromelain Market Impact Analysis of Drivers and Restraints
Figure 6. Asia Pacific Bromelain Market Revenue (US$ Thousand), 2020 – 2030
Figure 7. Asia Pacific Bromelain Market Share (%) – Source, 2022 and 2030
Figure 8. Stem Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 9. Fruit Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 10. Asia Pacific Bromelain Market Share (%) -Application, 2022 and 2030
Figure 11. Food & Beverages Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 12. Pharmaceuticals & Nutraceuticals Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 13. Personal Care Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 14. Others Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 15. Asia Pacific Bromelain Market , by Key Country – Revenue (2022) (US$ Thousand)
Figure 16. Asia Pacific Bromelain Market Breakdown by Key Countries, 2022 And 2030 (%)
Figure 17. China: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 18. Japan: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 19. India: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 20. Australia: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 21. South Korea: Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand)
Figure 22. Rest of Asia Pacific Bromelain Market Revenue and Forecasts To 2030 (US$ Thousand)
The List of Companies – Asia Pacific Bromelain Market
1. Antozyme Biotech Pvt Ltd
2. Challenge Bioproducts Co Ltd
3. Changsha Natureway Co Ltd
4. Creative Enzymes
5. Enzybel International SA
6. Great Food (Biochem) Co Ltd
7. Guangxi Nanning Javely Biological Products Co Ltd
8. Hong Mao Biochemicals Co Ltd
9. Medikonda Nutrients
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