What is Global Pancreatic Enzymes Market?
The Global Pancreatic Enzymes Market is a vast and dynamic sector that focuses on the production and distribution of pancreatic enzymes. These enzymes, produced by the pancreas, play a crucial role in the digestion of food, breaking down proteins, fats, and carbohydrates. The market encompasses a wide range of products, including pancreatin powder and pancreatin pellets, which are used in various industries such as food processing and pharmaceuticals. The market's value was estimated at US$ 142 million in 2023, and it is projected to reach US$ 320.8 million by 2030, growing at a compound annual growth rate (CAGR) of 12.2% during the forecast period from 2024 to 2030.
Pancreatin Powder, Pancreatin Pellets in the Global Pancreatic Enzymes Market:
Pancreatin Powder and Pancreatin Pellets are two key products in the Global Pancreatic Enzymes Market. Pancreatin Powder is a mixture of several digestive enzymes produced by the exocrine cells of the pancreas. It is composed of amylase, lipase, and protease. This mixture is used to treat conditions in which pancreatic secretions are deficient, such as surgical pancreatectomy, pancreatitis and cystic fibrosis. On the other hand, Pancreatin Pellets are used to make medicine. Pancreatin is used to treat digestion problems that result when the pancreas has been removed or is not working well. Conditions such as cystic fibrosis, chronic pancreatitis, or problems caused by surgery on the pancreas or gut are often treated with pancreatin.
Food Processing, Pharma Industry, Other in the Global Pancreatic Enzymes Market:
The Global Pancreatic Enzymes Market finds its applications in various areas such as food processing, the pharma industry, and others. In food processing, these enzymes are used to enhance the digestibility and nutritional value of food products. They are also used to improve the texture and flavor of food. In the pharma industry, pancreatic enzymes are used in the treatment of diseases like pancreatitis and cystic fibrosis. They are also used in the production of various drugs. Other applications of pancreatic enzymes include their use in the production of biofuels, in waste treatment, and in the textile industry.
Global Pancreatic Enzymes Market Outlook:
The Global Pancreatic Enzymes Market has shown significant growth in recent years. In 2023, the market was valued at US$ 142 million. It is expected to reach a value of US$ 320.8 million by 2030, indicating a compound annual growth rate (CAGR) of 12.2% during the forecast period from 2024 to 2030. The pharma industry is the largest consumer of pancreatin, accounting for approximately 64% of the consumption in 2019. Asia-Pacific is the largest consumer of pancreatic enzymes, with a market share of nearly 35% in 2019. Key players in the industry include Shenzhen Hepalink, Nordmark, Sichuan Deebio, and ALI, which collectively dominate nearly 30% of the global market.
| Report Metric | Details |
| Report Name | Pancreatic Enzymes Market |
| Accounted market size in 2023 | US$ 142 million |
| Forecasted market size in 2030 | US$ 320.8 million |
| CAGR | 12.2% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Shenzhen Hepalink, Nordmark, Sichuan Deebio, Sichuan Biosyn, Chongqing Aoli, American Laboratories, Inc. (ALI), Geyuan Tianrun, Spectrum Chemicals |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
