South & Central America Bromelain Market Forecast to 2030 - Regional Analysis - by Source (Stem and Fruit) and Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care, and Others)
The South & Central America bromelain market was valued at US$ 2.55 million in 2022 and is expected to reach US$ 4.18 million by 2030; it is estimated to record a CAGR of 6.4% from 2022 to 2030.
Rising Preference for Natural Plant-Based Ingredients Fuels South & Central America 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 bromelain market during the forecast period.
South & Central America Bromelain Market Overview
The bromelain market in South & Central America is sub-segmented into Brazil, Argentina, and the Rest of South & Central America. The population growth and continuously growing economies are the major characteristics of Brazil and Argentina. People in South & Central America have been aware of the benefits of bromelain for centuries as pineapple has traditionally been in use in the treatment of indigestion and reduction of inflammation in these countries.
The shift in consumer lifestyle and dietary patterns are critical factors boosting the growth of the bromelain market in South & Central America, especially in Brazil. The demand for food products with natural additives and the popularity of anti-aging beauty products are the two chief trends shaping the bromelain market in the region. Moreover, Brazilian consumers' are highly inclined toward novel and effective beauty products. As a result, bromelain market players have been boosting their investments in manufacturing processes to meet the raw material demands of the nutraceutical and cosmetics industries. A large population in Brazil suffers mobility-related health issues, such as osteoporosis and bone & joint health impairment. Furthermore, rheumatoid arthritis is increasingly contributing to the annual mortality rate of the country. As a result, the demand for bromelain-based supplements is predicted to grow significantly in South & Central American countries during the forecast period.
South & Central America Bromelain Market Revenue and Forecast to 2030 (US$ Thousand)
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South & Central America Bromelain Market Segmentation
The South & Central America bromelain market is segmented based on source, application, and country.
Based on source, the South & Central America bromelain market is bifurcated into stem and fruit. The stem segment held a larger South & Central America bromelain market share in 2022.
In terms of application, the South & Central America bromelain market is segmented into food & beverages, pharmaceuticals & nutraceuticals, personal care, and others. The pharmaceuticals & nutraceuticals held the largest South & Central America bromelain market share in 2022.
Based on country, the South & Central America bromelain market is categorized into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America bromelain market in 2022.
Challenge Bioproducts Co Ltd, Enzybel International SA, Medikonda Nutrients, and Botanic Healthcare are some of the leading companies operating in the South & Central America bromelain market.
Table of Content
1. Introduction
1.1 The Insight Partners 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. South & Central America 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. South & Central America 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 - South & Central America Market Analysis
6.1 South & Central America Bromelain Market Revenue (US$ Thousand)
6.2 South & Central America Bromelain Market Forecast and Analysis
7. South & Central America Bromelain Market Analysis - Source
7.1 Stem
7.1.1 Overview
7.1.2 Stem : South & Central America Bromelain Market Revenue and Forecast to 2030 (US$ Thousand)
7.2 Fruit
7.2.1 Overview
7.2.2 Fruit : South & Central America Bromelain Market Revenue and Forecast to 2030 (US$ Thousand)
8. South & Central America Bromelain Market Analysis - Application
8.1 Food & Beverages
8.1.1 Overview
8.1.2 Food & Beverages : South & Central America Bromelain Market Revenue and Forecast to 2030 (US$ Thousand)
8.2 Pharmaceuticals & Nutraceuticals
8.2.1 Overview
8.2.2 Pharmaceuticals & Nutraceuticals : South & Central America Bromelain Market Revenue and Forecast to 2030 (US$ Thousand)
8.3 Personal Care
8.3.1 Overview
8.3.2 Personal Care : South & Central America Bromelain Market Revenue and Forecast to 2030 (US$ Thousand)
8.4 Others
8.4.1 Overview
8.4.2 Others : South & Central America Bromelain Market Revenue and Forecast to 2030 (US$ Thousand)
9. South & Central America Bromelain Market - Country Analysis
9.1 South & Central America
9.1.1 South & Central America Bromelain Market Revenue and Forecasts and Analysis - By Countries
9.1.1.1 South & Central Bromelain Market Breakdown by Country
9.1.1.2 Brazil Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand)
9.1.1.2.1 Brazil Bromelain Market Breakdown by Source
9.1.1.2.2 Brazil Bromelain Market Breakdown by Application
9.1.1.3 Argentina Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand)
9.1.1.3.1 Argentina Bromelain Market Breakdown by Source
9.1.1.3.2 Argentina Bromelain Market Breakdown by Application
9.1.1.4 Rest of South & Central America Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand)
9.1.1.4.1 Rest of South & Central America Bromelain Market Breakdown by Source
9.1.1.4.2 Rest of South & Central America Bromelain Market Breakdown by Application
10. Company Profiles
10.1 Enzybel International SA
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Challenge Bioproducts Co Ltd
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Botanic Healthcare Pvt Ltd
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Medikonda Nutrients
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
11. Appendix
List of Tables
Table 1. South & Central America Bromelain Market Segmentation
Table 2. List of Raw Material Suppliers in Value Chain
Table 3. South & Central America Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand)
Table 4. South & Central America Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand) - Source
Table 5. South & Central America Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand) - Application
Table 6. Brazil Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand) - By Source
Table 7. Brazil Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand) - By Application
Table 8. Argentina Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand) - By Source
Table 9. Argentina Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand) - By Application
Table 10. Rest of South & Central America Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand) - By Source
Table 11. Rest of South & Central America Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand) - By Application
List of Figures
Figure 1. South & Central America Bromelain Market Segmentation, By Country
Figure 2. Porter's Five Forces Analysis: Bromelain Market
Figure 3. Ecosystem: South & Central America Bromelain Market
Figure 4. South & Central America Bromelain Market - Key Industry Dynamics
Figure 5. Bromelain Market Impact Analysis of Drivers and Restraints
Figure 6. South & Central America Bromelain Market Revenue (US$ Thousand), 2020 - 2030
Figure 7. South & Central America Bromelain Market Share (%) - Source, 2022 and 2030
Figure 8. Stem : South & Central America Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 9. Fruit : South & Central America Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 10. South & Central America Bromelain Market Share (%) -Application, 2022 and 2030
Figure 11. Food & Beverages: South & Central America Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 12. Pharmaceuticals & Nutraceuticals : South & Central America Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 13. Personal Care : South & Central America Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 14. Others : South & Central America Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 15. South & Central Bromelain Market Revenue, by Key Countries, 2022 (US$ Th)
Figure 16. South & Central Bromelain Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 17. Brazil Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 18. Argentina Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 19. Rest of South & Central America Bromelain Market Revenue and Forecasts to 2030 (US$ Thousand)
1. Botanic Healthcare
2. Challenge Bioproducts Co Ltd
3. Enzybel International SA
4. Medikonda Nutrients
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