In 2023, the papain market was estimated to be worth USD 0.26 billion. With a compound annual growth rate (CAGR) of 5.10% from 2024 to 2032, the papain market industry is expected to increase from USD 0.27 billion in 2024 to USD 0.41 billion by 2032. Urbanization, rising domestic income, and population growth are the main factors propelling market expansion.

Growing health consciousness is driving the papain market's compound annual growth rate. In recent years, the number of consumers who are health-conscious has increased dramatically. The papain enzyme, which is highly resistant to redness and irritation, has gained consumer awareness. People are experiencing more health-related issues as a result of rushed lifestyles, busy job schedules, and climate change. Customers are looking for wholesome food items that satiate their need without sacrificing nutrients. Papain is becoming more and more popular among customers due to its health-promoting components. Consumers today are well aware of the substances used in food and drink products, and they may click to learn more about the benefits of each ingredient. As a result, manufacturers of food and drink products are searching for natural, healthful ingredients that offer the most benefits.