Pancreatin Market is expected to exhibit highest volume CAGR of 6.9%

Pancreatin Market: Introduction

According to a recent study conducted by Transparency Market Research, pancreatin is used in manufacturing medicines for gut health and digestive disorders, as pancreatin helps in the absorption of essential vitamins and minerals.

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Health benefits possessed by pancreatin make its manufacturers use it in various industries of functional foods, dietary supplements, pharmaceutical, and animal nutrition as well.

This market in East Asia is expected to exhibit highest volume CAGR of 6.9% during the forecast period for pancreatin sales, attributable to increasing spending of consumers on health supplements and rising number of working class professionals in this region. Market value of East Asia is estimated to be over US$ 13.7 Mn in 2021 and is forecast to grow at a value CAGR of 6.9% to cross US$ 29.4 Mn by 2031.

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Prevalent Pancreatic Diseases and Awareness among Consumers to Drive Sales of Pancreatin

The prevalence of acute pancreatitis is increasing worldwide due to increased rates of obesity and gallstones. Chronic pancreatitis, although lower in incidence, significantly reduces patients' quality of life. The burden of pancreatic disorders, including pancreatic cancer, is expected to increase over time, as consumers incline themselves toward more hectic lifestyles.

Consumption of alcohol appears to increase the susceptibility of pancreas to injury and the risk of pancreatitis. Increasing alcohol consumption among the young population across the globe has increased the prevalence of pancreatic diseases. Pancreatin enzyme can be effectively used for treating gallstones and other related digestive disorders. Furthermore, a higher prevalence of intestinal diseases, coupled with pancreatic surgeries, will promote market growth in the near future.

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According to a report published by the National Institute for Health and Care Excellence in 2018, approximately 56 cases per 100,000 people per year of acute pancreatitis are found in the U.K., where 50% of cases are caused due to gallstones, 25% by alcohol, and the rest 25% by other factors

Wide Application of Pancreatin Enzymes in Various End-use Industries

Enzymes have been used in a number of applications for a long time, owing to their characteristic benefits to human and animal health. With increasing R&D on enzymes, their application area has widened over time. Pancreatin is a mixture of amylase, lipase, and protease, and helps breakdown several nutrients, including protein, fats, and carbohydrates, which are transformed into energy for the body. Pancreatin also helps in the absorption of essential vitamins and minerals. Health benefits possessed by pancreatin drive its usage in various industries of functional foods, dietary supplements, pharmaceutical, and animal feed as well.

Fengchen Group Co. Ltd. provides chymotrypsin, trypsin, and pancreatin enzyme powder, which is useful in digestive disorders and used by medicine manufacturers for treating bronchitis, and by feed companies for feeding piglets, breeding pigs, poultry, and fish

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