
Europe Bromelain Market
No. of Pages: 59 | Report Code: BMIRE00029633 | Category: Food and Beverages
No. of Pages: 59 | Report Code: BMIRE00029633 | Category: Food and Beverages
The Europe bromelain market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The market growth in Europe is ascribed to the increasing acceptance of bromelain in cosmetics, dietary supplements, and other applications. Transforming lifestyle trends concerning the food & beverages industry further boosts the Europe bromelain market growth in the region. In the bakery industry, bromelain is used as a dough improver and flavor enhancer. According to the UK Federation of Bakers Ltd, the bakery industry is one of the largest segments in the food & beverages sector. Bromelain manufacturers are developing novel products to cater to the increasing demand from the food & beverages industry. For instance, in August 2021, ENZYBEL GROUP, a Belgium-based company, launched a new bromelain product called bromelain K, developed specifically for food & beverages applications such as meat tenderization, protein hydrolyzer, and flavor enhancer.
Bromelain is extensively used as a health supplement in Germany and other Western European countries and is also applied in treating inflammation and swelling of the nose and sinus after an injury or surgery. In addition, bromelain improves functionality and decreases pain in mild acute knee pain and knee osteoarthritis. According to a report by Versus Arthritis, published in early 2023, 10 million people in Europe have osteoarthritis, and 5.4 million people are estimated to have knee osteoarthritis. Such high incidences of orthopedic diseases boost the demand for bromelain-based supplements.
Europe has a well-established personal care industry, and it is one of the most prominent markets for cosmetics and other personal care products. Bromelain-based beauty supplements enhance skin strength and elasticity, thus providing an anti-wrinkle effect to the skin. Bromelain-based skincare products enhance the appearance of dry and damaged skin and are used to treat acne. The improving financial conditions across the region result in increased per capita expenditure on cosmetic and personal care products. According to Cosmetics Europe, an association of personal care product manufacturers, skincare had the most considerable market value among all the categories related to the cosmetics industry in the European Union in 2020. The growing demand for cosmetic products indicates the increasing need for bromelain in Europe.
In terms of application, the Europe 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 Europe bromelain market is segmented Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of the Europe dominated the Europe bromelain market in 2022.
Challenge Bioproducts Co Ltd, Creative Enzymes, Enzybel International SA, and Medikonda Nutrients are some of the leading companies operating in the Europe bromelain market.
Strategic insights for the Europe Bromelain provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 11.72 Million |
Market Size by 2030 | US$ 20.79 Million |
Global CAGR (2022 - 2030) | 7.4% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Source
|
Regions and Countries Covered | Europe
|
Market leaders and key company profiles |
The geographic scope of the Europe Bromelain refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
1. Challenge Bioproducts Co Ltd
2. Creative Enzymes
3. Enzybel International SA
4. Medikonda Nutrients
The Europe Bromelain Market is valued at US$ 11.72 Million in 2022, it is projected to reach US$ 20.79 Million by 2030.
As per our report Europe Bromelain Market, the market size is valued at US$ 11.72 Million in 2022, projecting it to reach US$ 20.79 Million by 2030. This translates to a CAGR of approximately 7.4% during the forecast period.
The Europe Bromelain Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Bromelain Market report:
The Europe Bromelain Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Bromelain Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Bromelain Market value chain can benefit from the information contained in a comprehensive market report.