Pancreatin Market to Advance at CAGR of 5.7% During 2021 to 2031; Growing Consumption of Food & Feed Enzymes Generating Revenues Gains, Notes TMR…

ALBANY, N.Y., Feb. 14, 2022 /PRNewswire/ -- Substantial demand for digestive enzyme supplements in the food and feed industries has created abundant lucrative avenues in the pancreatin market. Recent focus on unveiling low-cost pancreatin and novel formulations for digestive enzymes and nutraceuticals are reinforcing the revenue growth. The global valuation is projected to reach US$ 175.7 Mn by 2031.

Advancements in enzyme technologies especially pertaining to microbial sources have broadened the horizon, notes an in-depth study on the pancreatin market. One of the emerging applications is in the leather industry. Increasing preference of pancreatin over alkaline proteases in leather processing will drive revenue gains during the forecast period (20212031). This can be primarily attributed to the fact that pancreatin contains a mix of multiple enzymes, thus making it suitable for a range of leather types.

Several pharmaceutical companies have reaped enormous revenue gains from the application of pancreatin in enzyme formulations. The authors of the study on the pancreatin market have estimated that the valuation of the segment will reach US$ 155.7 Mn by 2031. Furthermore, growing use in animal feed applications are generating value-grab opportunities for market players.

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Key Findings of Pancreatin Market Study

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Pancreatin Market: Key Drivers

Pancreatin Market: Regional Growth Dynamics

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Pancreatin Market: Key Players

Several manufacturers in the pancreatin market are leaning on reducing the cost of processing in order to lower the cost of final product. Furthermore, key players are keen on diversifying their product portfolio and constantly conducting R&D for novel formulations in a bid to consolidate their shares.

Prominent players in the pancreatin market are Hepalink Group, SG Pharma Pvt. Ltd., Creative Enzymes, Hetero Healthcare Limited, Shreeji Pharma International, Wellona Pharma, Fengchen Group Co., Ltd., Biozyme, and Nordmark.

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Global Pancreatin Market: Segmentation

Pancreatin Market by Form

Pancreatin Market by Source

Pancreatin Market by Application

Pancreatin Market by Region

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Pancreatin Market to Advance at CAGR of 5.7% During 2021 to 2031; Growing Consumption of Food & Feed Enzymes Generating Revenues Gains, Notes TMR...