About Bromelain
Pineapple (Ananas comosus) is a well-known tropical plant that has been used for centuries for both its medicinal purposes and its food value. Bromelain is a complex chemical found in the aqueous extract of the pineapple and is composed largely of proteolytic enzymes. As an individual product, bromelain has been available commercially since 1957. Other components of this substance include glycoproteins, complex carbohydrates, protease inhibitors, and peroxidases. Bromelain has been widely used in food, medical, cosmetic, pharmaceutical and textile industries.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Myanmar market is highly competitive with the presence of several international players. There are limited domestic companies that are operating within the market; therefore, new entrants have exponential opportunities in the market. The economy of Myanmar has shown significant growth in recent years, which is also expected to boom the market. The various industries such as food, medicine, cosmetics are growing year on year and expected to show significant demand for the bromelain during the projected period. Analyst at AMA Research estimates that Chinese Vendors will contribute the maximum growth to Myanmar Bromelain market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Enzybel International SA (Belgium), Enzyme Technology (PTY) Ltd (South Africa), Hong Mao Biochemicals Co., Ltd (Thailand), Great Food Group of Companies (Thailand), Nanning Doing-Higher Bio-Tech Co., Ltd (China), Biozym Gesellschaft für Enzymtechnologie mbH (Germany), Cn Lab Nutrition (China), Arisun ChemPharm (China), Hangzhou Huajin Pharmaceutical Co., Ltd. (China), Shaanxi Guanjie Technology Co., Ltd (China), Changsha Natureway Co., Ltd (China), Aumgene Biosciences (India), Mitushi Biopharma (India) and Enzyme Bioscience Pvt. Ltd (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Bio-gen Extracts Pvt. Ltd. (India), Guangxi Nanning Javely Biological Products Co., Ltd (China), Marcor (United States), Antozyme biotech (India) and Giellepi Spa (Italy).
Segmentation Overview
AMA Research has segmented the market of Myanmar Bromelain market by , Application (Cosmetic industry, Food Supplementary Industry, Medicine Industry, Food Industry and Others) and Region.
On the basis of geography, the market of Bromelain has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct Sales will boost the Bromelain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Peel will boost the Bromelain market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Upsurge Use of Bromelain in the Cosmetics Industry
Market Growth Drivers:
Growing Demand for Dietary Supplement and Food Industry Owing to Numerous Health Benefits of Bromelain and Increasing Production of Pineapple Coupled with its Wastes
Challenges:
Potential side effects
Restraints:
Supply chain fluctuations
Opportunities:
Limited Number of Local Players Expected to Open Lucrative Opportunities for New Entrants
Market Leaders and their expansionary development strategies
In January 2023, Mumbai-based Sun Pharmaceutical Industries has acquired three brands viz. Disperzyme (Trypsin BP 96 mg, Bromelain 180 mg & Rutoside Trihydrate 200 mg), Disperzyme-CD (Trypsin BP 48 mg, Bromelain 90 mg & Rutoside Trihydrate 100 mg) and Phlogam (Trypsin BP 48 mg, Bromelain 90 mg & Rutoside Trihydrate 100 mg) from Aksigen Hospital Care, The addition of Disperzyme and Phlogam further strengthens our anti-inflammatory portfolio.
In October 2020, Ingredients Giellepi recently has launched of its proprietary bromelain ingredient, Bromeyal, a newly developed plant-derived enzyme that provides all the health benefits without using enteric-coating technologies, bromelain ingredient derived from pineapple stem using a proprietary aqueous extraction and multi-step extraction process.
Key Target Audience
Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.