At 5.3% CAGR, the North America Bromelain Market is Projected to be Worth US$ 24.09 Million by 2030, Says Business Market Insights

According to Business Market Insights research, the North America bromelain market was valued at US$ 15.88 million in 2022 and is expected to reach US$ 24.09 million by 2030, registering a CAGR of 5.3% from 2022 to 2030. Consumers inclination toward skin health and broad application scope in the food industry are among the critical factor attributed to the North America bromelain market expansion.

Consumers' perception of beauty has changed dramatically in recent years, especially after the onset of the COVID-19 pandemic, as they have started focusing on holistic beauty, which blurs the lines between beauty, health, and well-being. People strongly believe that having beautiful skin necessitates a healthy lifestyle. Consumers are increasingly opting for healthier ways to make their skin glow. Bromelain is one of the most beneficial beauty ingredients promoting healthy skin and, thus, is commonly employed in the cosmetic industry. Bromelain is a natural enzyme that exhibits remarkable exfoliating properties. It works by breaking down proteins and gently dissolving the dead skin cells that accumulate on the skin's surface. Bromelain offers a gentle yet effective exfoliation, making it suitable for sensitive skin types. Along with smoothening the skin and correcting complexion, this enzyme aids in reducing inflammation and promoting a brighter, more even skin tone. Thus, manufacturers in the North America bromelain market are seeing vast revenue streams in the cosmetics industry.

Different skincare product companies have been harnessing the antimicrobial properties of bromelain. Many pineapple enzyme-based skincare products have been launched in recent years. The Naturals Beauty-a cosmetic manufacturer offers 'Teen Gel Enzyme Exfoliator' which contains papain and bromelain as plant-based enzymes. The rising consumer awareness about the benefits of plant-based ingredients in skincare products is another trend that is likely to create new avenues in the North America bromelain market. Further, there has been a growing demand for nutricosmetics, the products or ingredients that act as nutritional supplements for skin, nail, and hair care. They are usually offered in liquids, pills, or functional foods. Thus, the growing consumer focus on skin health is likely to bring new growth trends in the North America bromelain market during the forecast period.

On the contrary, high production cost hamper the growth North America bromelain market .

Based on source, the North America bromelain market is segmented into stem and fruit. The stem market segment held 72.2% share of the North America bromelain market in 2022, amassing US$ 11.47 million. It is projected to garner US$ 17.22 million by 2030 to expand at 5.2% CAGR during 2022-2030.

By end user, the North America bromelain market is categorized into food & beverages, pharmaceuticals & nutraceuticals, personal care, and others. The pharmaceuticals & nutraceuticals segment held 44.1% share of North America bromelain market in 2022, amassing US$ 7.01 million. It is projected to garner US$ 10.21 million by 2030 to expand at 4.8% CAGR during 2022-2030.

Based on country, the North America bromelain market is categorized into the US, Canada, and Mexico. The US held 77.2% share of North America bromelain market in 2022, amassing US$ 12.25 million. It is projected to garner US$ 18.35 million by 2030 to expand at 5.2% CAGR during 2022-2030.

Key players operating in the North America bromelain market are Challenge Bioproducts Co Ltd, Creative Enzymes, Enzybel International SA, and Medikonda Nutrients, among others.
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