Bromelain Market Size

Bromelain Market Growth Projections and Opportunities

The global bromelain market has experienced sustained demand in recent years and is poised to achieve a value of USD 1,055.1 million at a Compound Annual Growth Rate (CAGR) of 4.60% by 2025. This growth is attributed to significant innovation in terms of new product launches, research and development efforts, and collaborative initiatives within the industry.
During the forecast period from 2018 to 2025, the global bromelain market is expected to maintain a CAGR of 4.60%, reaching USD 1,055.1 million. North America is anticipated to dominate the market, holding the highest market proportion and projecting to reach USD 371.6 million by the end of 2025. Simultaneously, the Asia-Pacific segment is forecasted to exhibit substantial growth at a rate of 5.02% during the same period.
In terms of volume, the global bromelain market is projected to witness a CAGR of 6.54%, reaching 579,958.3 kg by 2025. As with the value projections, North America is expected to lead in market share, aiming to reach 205,421.2 kg by the end of 2025. However, the Asia-Pacific segment is set to register an impressive growth rate of 6.91% during the forecast period.
Analyzing the market based on the source of bromelain, the stem segment is predicted to account for the maximum market proportion during the forecast period, reaching USD 931.6 million by the end of 2025. Meanwhile, the fruits segment is expected to register a significant growth rate of 4.32%.
In terms of volume, the stem segment is also anticipated to dominate, projecting to reach 509,850.6 kg by the end of 2025. However, the fruits segment is not far behind, forecasted to exhibit a substantial growth rate of 6.27% during the forecast period from 2018 to 2025.
The dominance of North America in both value and volume projections can be attributed to the region's increasing demand for bromelain. Meanwhile, the Asia-Pacific region, with its robust growth rates, signifies a burgeoning market driven by factors such as rising awareness about the health benefits of bromelain and its applications in various industries.
The focus on innovation and collaborative efforts within the industry is expected to drive further growth in the bromelain market. The projections for both value and volume indicate a steady rise in demand, emphasizing the significance of bromelain in various applications, including pharmaceuticals, food and beverages, and healthcare.
The global bromelain market is poised for substantial growth, backed by continuous innovation, research and development, and collaborative initiatives within the industry. The dominance of North America and the remarkable growth rates in the Asia-Pacific region underscore the increasing significance of bromelain in diverse sectors. As the market continues to evolve, the forecasted CAGR and value projections highlight the optimistic trajectory for the global bromelain market in the coming years.