Bromelain Market Scope
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.
The Bromelain market study is segmented, by Application (Cosmetic industry, Food Supplementary Industry, Medicine Industry, Food Industry and Others) and major geographies with country level break-up.
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. Research Analyst at AMA estimates that Chinese Vendors will contribute to the maximum growth of Myanmar Bromelain market throughout the predicted period.
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 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).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Myanmar Bromelain market by Type, Application 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).
- Upsurge Use of Bromelain in the Cosmetics Industry
- Growing Demand for Dietary Supplement and Food Industry Owing to Numerous Health Benefits of Bromelain
- Increasing Production of Pineapple Coupled with its Wastes
- Limited Number of Local Players Expected to Open Lucrative Opportunities for New Entrants
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