Bromelain Market Size Worth $59.2 Million by 2025 | Growth Rate: 8.7%: Grand View Research, Inc.

SAN FRANCISCO, January 9, 2018 /PRNewswire/ --

The global bromelain market [https://www.grandviewresearch.com/industry-analysis/bromelain-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=Prnewswire_Jan09&utm_content=Content ] is expected to reach USD 59.2 million by 2025, growing at a CAGR of 8.7%, according to a new report by Grand View Research, Inc. Rising expenditure in R&D to use bromelain to cure diseases such as cancer & acquired immune deficiency syndrome (HIV AIDS) is expected to have a positive impact on the market during forecast period.

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This digestive enzyme is extracted from pineapple fruit & stem and is used in numerous industries including healthcare, meat & seafood, dietary supplements, cosmetics, bakery and beverage. Globally, meat & seafood industry is found to be the largest end user industry for this market where its main application is to improve tenderness of meat & seafood.

Browse full research report with TOC on "Bromelain Market Analysis By Application (Healthcare, Meat & Seafood, Dietary Supplements), By Region (North America, Europe, Asia Pacific, CSA, MEA), And Segment Forecasts, 2014 - 2025" at: https://www.grandviewresearch.com/industry-analysis/bromelain-market [https://www.grandviewresearch.com/industry-analysis/bromelain-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=Prnewswire_Jan09&utm_content=Content ]

Further Key Findings From the Report Suggest: 

        
        - Meat & seafood was the largest application segment, accounting for 56.8% of the
          global market volume in 2016. Rising importance of functional ingredients in meat &
          seafood industry for enhancing the properties of finished food products as a result of
          technological innovation is expected to promote the use of bromelain.
        - Healthcare industry accounted for 25.5% of global market share in 2016 and is expected
          to grow at a CAGR of 9.2 %, by volume in between 2017-2022. As per World bank, global
          healthcare industry is expected to witness a global GDP expenditure of around 10.5% by
          2020. Around USD 8.7 trillion is expected to be spent in this industry every year till
          2020. Emerging technologies in developed nations and emergence of demand for the
          product in the developing nations are the two factors which are expected to drive the
          market during the forecast period.
        - North America accounted for 26.8% of the overall volume market share in 2016 and is
          expected to maintain its position over the next eight years. Growth in meat & seafood
          sector coupled with surge in R&D in healthcare sector are the two major factors
          helping North America to maintain its position.
        - Key industry participants include Enzybel International SA, Great Food (Biochem) Co.,
          Ltd, Hong Mao Biochemicals Co., Ltd., Biozym Gesellschaft fuer Enzymtechnologie mbH,
          Enzyme Technology (PTY) Ltd, Guangxi Nanning Javely Biological Products Co., Ltd, and
          Nanning Doing-Higher Bio-Tech Co., Ltd.
        - Advantages such as easy procurement of raw material, low production cost and
          non-toxicity are major reasons leading to increase its demand over other proteolytic
          enzymes like actinidin from kiwifruit and ficin from figs.

Browse related reports by Grand View Research: 

        
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Grand View Research has segmented the bromelain market on the basis of application, and region: 

        
        - Bromelain Application Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025) 
             - Healthcare
             - Food & beverages
             - Dietary Supplements
             - Others
        - Bromelain Regional Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025) 
             - North America
                - U.S.
             - Europe
                - Germany
             - Asia Pacific
                - China
                - India
             - Central & South America
                - Brazil
             - Middle East & Africa
                - South Africa

Read Our Blog By Grand View Research: https://www.grandviewresearch.com/blogs/food-and-beverages

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

        

        Contact: 
        Sherry James 
        Corporate Sales Specialist, USA 
        Grand View Research, Inc 
        Phone: +1-415-349-0058 
        Toll Free: 1-888-202-9519 
        Email: sales@grandviewresearch.com 

 

Web: http://www.grandviewresearch.com


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SOURCE Grand View Research, Inc.