Our comprehensive research on the Global Pancreatic Enzymes Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global pancreatic enzymes market size was US$ 169 million in 2021. The global pancreatic enzymes market is forecast to grow to US$ 499.1 million by 2030 by growing at a compound annual growth rate (CAGR) of 12.8% during the forecast period from 2022 to 2030.
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Pancreatic enzymes are a combination of digestive enzymes produced by the pancreas’ exocrine cells. This mixture is used to treat illnesses characterized by a lack of pancreatic secretions, such as cystic fibrosis, pancreatitis, and pancreatectomy.
Factors Influencing the Market
The rising demand for pancreatic enzyme supplements is driving the growth of the global pancreatic enzymes market during the forecast period. Cystic Fibrosis Foundation (CFF) estimates that around 87 percent of cystic fibrosis patients need pancreatic enzyme supplements. The intestine in these patients lacks the enzymes, which are required to digest and absorb nutrients. Thus, the growing number of such cases are forecast to fuel the growth of the global pancreatic enzymes market during the study period.
Rising awareness about gastrointestinal disorders and increasing awareness about health will benefit the global pancreatic enzymes market. In addition, growing urbanization and increasing consumption of fast food will surge the growth of the global pancreatic enzymes market.
The growing number of digestive problems are forecast to benefit the global pancreatic enzymes market during the forecast period.
The increasing number of partnerships and other expansion strategies will benefit the overall pancreatic enzymes industry during the forecast period.
Regional Analysis
Asia-Pacific is predicted to hold the highest share in the global pancreatic enzymes market. The factors attributed to market expansion are the expanding population suffering from digestion problems, unhealthy lifestyles, and rising awareness about eating healthily and staying healthy.
The pancreatic enzymes industry is expected to witness significant growth in North America. The growth of the region is attributed to the growing aging population and rising demand for preventative medicines. In addition, the rising consumption of packaged food products is likely to fuel the industry’s growth. National Institute of Health (NIH) estimates that around 60-70 million people have suffered from digestive disorders in 2009 in the United States. Thus, the data indicate that pancreatic enzymes are in high demand in the region.
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Competitors in the Market
- BIOZYM
- Spectrum Chemicals
- Chongqing Aoli
- Biocatalyst
- Bovogen Biologicals
- Geyuan Tianrun
- Allergan Pharmaceuticals International Limited
- VIVUS, Inc.
- Scientific Protein Laboratories LLC
- Kin Master Product Quimicos LTDA
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Pancreatic Enzymes industry experienced notable growth in its workforce. Starting in January, employment within the Pancreatic Enzymes sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Pancreatic Enzymes output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Pancreatic Enzymes output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Pancreatic Enzymes market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Pancreatic Enzymes market.
Market Segmentation
The global pancreatic enzymes market segmentation focuses on Product, Application, and Region.
Based on product type, the pancreatic enzyme market is segmented into –
- Pancreatic Pellets
- Pancreatic Powder
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Based on application, the pancreatic enzyme market is segmented into –
- Pharma Industry
- Food Processing
- Others
Based on region, the pancreatic enzyme market is segmented into –
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Pancreatic Enzymes Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Pancreatic Enzymes Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Pancreatic Enzymes Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Pancreatic Enzymes Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Pancreatic Enzymes market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Pancreatic Enzymes market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Pancreatic Enzymes business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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