Pancreatin Market to Derive Growth, Massive CAGR of 6.9% from 2021-2031

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. 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

Pancreatin Market: Key Players

Some of the key players in the market include

Biovencer Healthcare Private Limited

Nordmark

Fengchen Group Co., Ltd.

Biozyme

Sichuan Biosyn Pharmaceutical Co., Ltd.

Bioseutica

Wellona Pharma

Shreeji Pharma International

Hetero Healthcare Limited

Creative Enzymes

Baoding Faithful Industry Co. Ltd.

SG Pharma Pvt. Ltd.

Increasing Adoption of Digestive Enzyme Supplements in Sports Nutrition

Proteins are macronutrient essential for maintaining a healthy lifestyle. For active individuals, whether they are everyday fitness enthusiasts or serious athletes, the need for protein is high, as it plays a key role in muscle recovery. Protein that goes undigested is excreted from the body, rendering its uselessness to consumers who are hoping to improve muscle recovery. With greater consumption of protein comes the need for more enzyme supplements to aid in its absorption.

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Manufacturers are producing digestive supplements that are primarily a blend of enzymes such as lipase, amylase, maltase, pancreatin, etc. to help the body better digest and absorb high quantities of protein. Introducing enzymes to the diet can further boost an athlete's overall performance significantly.

For instance, Sichuan Biosyn Pharmaceutical Co. Ltd. is manufacturing pancreatin for the treatment of digestive difficulties such as pancreatin hyposecretion. It is also utilized as a supplement in functional foods and supplements.

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.

Global Pancreatin Market: Segmentation

Pancreatin Market by Form

Powder

Pellets

Pancreatin Market by Application

Pharma

Nutraceutical

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Pancreatin Market: Strategies

Companies are more focusing on offering enzymes for pharmaceutical and nutraceutical industries, owing to increasing demand for products with higher nutritional value and premium quality

Biozyme launched its Pancreas Process Program, where it expanded the processing of raw pancreas of animals in the U.S. This helped the company to reduce the cost of processing pancreatin enzyme overseas, which, in turn, reduced the cost of the end-product.

Bio Basic Inc. has an exclusive package for new labs. It assists them with procuring new ingredients and products at affordable prices. This helps to increase the sales of the company's products to small- and medium-sized laboratories.

Bioseutica's R&D team is focusing on three key areas such as process optimization, product invention, and applications of the product. It is constantly striving to adopt new and improved processes for obtaining high-quality, ultra-pure protein preparations from natural resources. The team is also working on tailor-made products and specifications.

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