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  • Digestive Enzymes Market Forecast | 2023-2028

    Digestive Enzymes Market Forecast | 2023-2028

    Digestive Enzymes Market Forecast | 2023-2028
    Report code - SR1772 Delivery - 2 Weeks
    Digestive Enzymes Market Size, Share, Trend, Forecast, Competitive Analysis, and Grow See more...

    "The digestive enzymes market is estimated to grow from USD 925.8 million in 2022 to USD 1,570.4 million by 2028 at a healthy CAGR of 9.2% during the forecast period".

    Digestive Enzymes Market Size

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    Market Dynamics

    Introduction

    Digestive enzymes are a group of enzymes which is secreted by the digestive organs to break down complex macromolecules into their constituents to enable their absorption by the body. Different digestive enzymes are easily available as dietary supplements as well as for the management of digestive disorders. These enzymes comprise a group of enzymes that break down complex macromolecules into their constituents and also help in the catalysis of chemical reactions, to facilitate their absorption by the body.

    Digestive Enzymes Market Report Overview

    Market Size in 2028

    USD 1570.4 Million

    Market Size in 2022

    USD 925.8 Million

    Market Growth (2023-2028)

    CAGR of 9.2%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

     

    Market Drivers 

    The digestive enzymes market is driven by a host of factors, some of which are noted below:

    • The market is primarily propelled by desk-bound jobs with hectic work schedules, sedentary lifestyles, increasing consumption of fast food, and high demand for packaged food, which leads to digestive problems.
    • Rising demand for these products amidst fitness conscious population.
    • The growing number of fitness centers & gymnasiums has also surged the demand for dietary supplements coupled with increasing awareness regarding nutraceuticals & their benefits.

    Digestive Enzymes Market Snapshot

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    Some of the key trends in the digestive enzymes market include:

    Rising demand for plant-based digestive enzymes: Plant-based digestive enzymes are becoming increasingly popular due to the growing number of people following vegan and vegetarian diets. Plant-based enzymes are also becoming more available and affordable.

    Growing popularity of digestive enzyme supplements for specific health conditions: Digestive enzyme supplements are being increasingly marketed for specific health conditions, such as lactose intolerance, gluten intolerance, and IBS. This trend is being driven by the growing awareness of the role that digestive enzymes play in these conditions.

    Increasing demand for digestive enzymes in the food and beverage industry: Digestive enzymes are used in a variety of food and beverage products to improve digestion and shelf life. For example, digestive enzymes are used in lactose-free milk and gluten-free bread.

    Covid-19 Impact Analysis

    The outbreak of COVID-19 moderately affected the digestive enzymes industry. Due to the diversion of the medical field in treating COVID-19 patients, the funding for R&D activities related to digestive enzymes has been reduced, thus have faced negligence which has hurt the market.

    Overall, the pandemic has had a rather negative impact on the market share of digestive enzymes due to the various restrictions on the production and transportation of the products. However, this situation is expected to change in the digestive enzymes market forecast period.

    Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Origin Analysis

    Animal, Microbial, Plant, Others

    Animal segment accounted for the largest market share of more than 45% in 2022.

    Application Type Analysis

    Sports nutrition, Additional supplements, Infant nutrition

    Additional supplements accounted for the largest share of the market in 2022.

    Regional Analysis

    North America, Europe, Asia-Pacific, and Rest of the World

    North America accounted for the highest share in 2022.

    Origin Trends

    "The animal segment accounted for the largest market share of more than 45% in 2022". 

    The market has been classified into animal, microbial, plant, and others. The animal segment accounted for the largest market share in 2022. This is mainly due to the high efficiency of animal-derived enzymes in the treatment of a broad range of diseases, such as pancreatitis, exocrine pancreatic insufficiency, and pancreatic cancer.

    Application Trends

    "The additional supplements accounted for the largest share of the market in 2022". 

    The market has been classified into sports nutrition, additional supplements & infant nutrition. The additional supplements accounted for the largest share of the market in 2022. The increased awareness of weight loss and maintaining a healthy lifestyle among adults and older adults are expected to have a positive impact on the market. Furthermore, increased spending on the development of new dietary supplements is expected to drive demand over the forecast period.

    It is expected that the use of digestive enzymes in sports nutrition will become more important due to the increasing consumption of these products by athletes, athletes, bodybuilders, and patients as part of their diet. Additionally, the growing number of fitness centers, gyms, and health clubs, coupled with increased health awareness, are expected to drive growth.

    Regional Analysis

    "North America accounted for the highest share in 2022".

    North America accounted for the highest share in 2022 and is expected to grow at a robust CAGR during the forecast period. The market growth is mainly attributed to rising awareness regarding digestive issues and the high consumption of probiotics through dietary supplement products. Asia Pacific is expected to grow at a healthy CAGR during the forecast period owing to the increasing prevalence of digestive disorders owing to expanding geriatric population, changing lifestyle habits, and rising R&D activities to produce more advanced digestive enzyme supplements.

    Digestive Enzymes Market By Region

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    key Players

    The following are the key players in the Digestive Enzymes Market  (arranged alphabetically)

    • AbbVie Inc. (US)
    • Amway Corporation (US)
    • AST Enzyme (US)
    • Biotics Research Corporation (US)
    • Country Life LLC (US)
    • Enzymedica (US)
    • Enzymes Inc. (US)
    • Garden of Life Inc. (US)
    • Integrative Therapeutics (US)
    • Klaire Labs (US)

    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    in-depth analysis of the digestive enzymes market 

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Customization Option

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Digestive enzymes are a group of enzymes which is secreted by the digestive organs to break down complex macromolecules into their constituents to enable their absorption by the body. Different digestive enzymes are easily available as dietary supplements as well as for the management of digestive disorders. These enzymes comprise a group of enzymes that break down complex macromolecules into their constituents and also help in the catalysis of chemical reactions, to facilitate their absorption by the body.

    The market is estimated to reach USD 1,570.4 million by 2028.

    The market is estimated to grow at a healthy CAGR of 9.2% during the forecast period.

    North America accounted for the highest share in 2022 and is expected to grow at a robust CAGR during the review period.

    Key players operating in the market are- AbbVie Inc. (US), Amway Corporation (US), AST Enzyme (US), Biotics Research Corporation (US), Country Life LLC (US), Enzymedica (US), Enzymes Inc. (US), Garden of Life Inc. (US), Integrative Therapeutics (US), Klaire Labs (US).

    The market is primarily propelled by desk-bound jobs with hectic work schedules, sedentary lifestyles, increasing consumption of fast food, and high demand for packaged food, which leads to digestive problems.