rising use of natural ingredients in food and beverages industry is driving the Bromelain Market
Technavio analyzes that the Bromelain Market is expected to grow at a CAGR of 7.7% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 19588.8 million.There are various factors that contribute to the growth of the market. The Bromelain market is experiencing significant growth due to the increasing trend of utilizing natural ingredients in the food and beverage industry. Bromelain, a proteolytic enzyme derived from pineapples, is gaining popularity for its digestive properties and ability to enhance the bioavailability of nutrients. This enzyme is widely used in the production of various food and beverage products, including meat tenderizers, dietary supplements, and fermented foods. The rising demand for natural and healthy food options is expected to fuel the market growth for Bromelain in the coming years.
The global bromelain market is poised for significant growth due to the increasing consumption of meat and seafood products, particularly in emerging economies. Factors such as population growth, rising disposable incomes, and a shift towards protein-rich diets are driving this trend. Notably, the consumption of raw animal meat, such as chicken and beef, is on the rise in countries like the US, China, India, and Russia. Furthermore, economic development and urbanization are leading to major changes in dietary patterns, particularly in low- and middle-income countries. In addition, bromelain's properties as an antiplatelet agent, anticoagulant, anti-inflammatory, and anti-microbial substance make it a valuable component in various industries, including pharmaceuticals, meat processing, and dietary supplements. Its applications in the treatment of autoimmune disorders, stomach infections, swelling reduction, burns treatment, cancer treatment, rheumatoid arthritis treatment, and HIV treatment further expand its market potential.
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Bromelain Market Segmentation
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Bromelain, a potent enzyme, gains significance in the food & beverages sector as an organic, plant-based, and natural ingredient. In the meat & seafood industry, it functions as a biocatalyst and meat tenderizer. In health-conscious circles, it's known for its use in dietary supplements and traditional medicines. With anti-inflammatory properties, bromelain aids in treating autoimmune disorders, stomach infections, swelling reduction, and burns. It also shows promise in cancer treatment and rheumatoid arthritis. As a clean label ingredient, it's preferred in organic and natural food products.
The Bromelain market represents the segment of the food and beverages industry focusing on enzyme-based ingredients, specifically derived from pineapples. This sector caters to manufacturers and vendors specializing in plant-based, organic, and natural food products. Bromelain, as a clean label ingredient, functions as a biocatalyst, breaking down protein molecules, and enhancing the digestibility of food. Its health benefits, including the alleviation of chronic diseases such as diabetes and hypertension, are driving demand in the global market. Technavio projects the growth of the packaged foods and meats market, which includes the Bromelain segment, based on the combined revenue of participating vendors. This market expansion is fueled by the increasing consumer preference for minimally processed, nutrient-rich foodstuffs, such as vegetables, which are rich in essential minerals, dietary fiber, folate, vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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