Global Digestive Enzyme Supplement Market Overview:
The global Digestive Enzyme Supplements Market 2020 is poised to cross USD 1.02 Billion by 2027 at a CAGR of 6.40% over the forecast period of 2020 to 2027.
Market Highlights:
Rising demand for Digestive Enzyme Supplement Market among consumers in light of health issues and awareness towards nutraceuticals is anticipated to help in market expansion over the forecast period.
Different causes, such as shifting habits, hectic work schedules, and office overtime, are pushing customers towards processed food, also leading to digestive issues. For the body to consume food, digestive enzymes help break down food into nutrient form. In view of the health benefits, the increasing demand for these goods is projected to help business growth over the next nine years.
Positive views on sports eating and growing questions about stomach wellbeing are the main factors for the industry. Rising demand for digestive enzymes is expected to fuel their demand as they aid in the treatment of pancreatic and gastrointestinal diseases. Moreover, along with pancreatic surgery, the growing incidence of intestinal diseases will fuel development over the coming years. In addition, over the next nine years, the simple availability of over-the-counter medications is expected to accelerate market expansion. Growing public perception of the adverse effects of inorganic food on human health has changed business trends towards promoting the demand for organic food. In addition, increased intake of organic foods is expected to deter consumers from choosing dietary supplements in the form of capsules and tablets because of the health benefits offered.
Segmental Analysis:
The Digestive Enzyme Supplements Market was segmented into animals, plants and microbials by Source. The highest market share is compensated for by animal-based digestive enzyme supplements. The development of the segment is mainly motivated by the need for pancreatic enzyme supplements and the worldwide rise in diabetes and cancer prevalence. A lower market share than animal-based digestive enzyme supplements is compensated for by the plant segment. Due to the strong effectiveness of microbial digestive enzyme supplements and high enzyme efficiency from microbial sources, the microbial segment is projected to be the fastest-growing segment during the analysis era.
The Digestive Enzyme Supplements Market has been segmented into tablets and pills, powder, and others according to product form. Tablets and capsules, the biggest and most quickly growing category, are an easy way to consume digestive enzyme supplements while being easy to transport and store.
The industry has been segmented into store-based and non-store-based by the Sales Channel. The store-based segment is expected to be larger. The segment has been further divided into supermarkets and hypermarkets, specialty stores, and others. The advent of e-commerce and the widening delivery range are projected to result in a higher CAGR of the segment.
Regional Overview:
The largest regional Digestive Enzyme Supplements Market is North America, with growth led by an increase in the prevalence of digestive disorders and diabetes. The established medicinal benefit of digestive enzyme supplements is driving demand in the area, with the strenuous FDA approval process being the only notable restriction on market growth.
Attributed to the increasing geriatric population, the growth in the incidence of digestive tract disorders and an affinity for alternative medicines to treat chronic health problems, Europe is a popular regional market for digestive enzyme supplements.
In Asia-Pacific, the awareness of the benefits of Digestive Enzyme Supplements Market and improved product supply are projected to contribute to the highest CAGR in the regional market during the 2020 to 2027 forecast period.
The Rest of the World segment is the smallest geographic sector with a limited population base and no general knowledge of the benefits of supplementing digestive enzymes.
Competitive Landscape:
The global Key Digestive Enzyme Supplement Market Players are Enzymes, Inc. (US), Amano Enzyme Inc. (Japan), Enzymedica (US), Advanced Enzyme Technologies (India), National Enzyme Company (US), Danone India (Nutricia) (India), Metagenics, Inc. (US), Vox Nutrition (US), Douglas Laboratories (US), Klaire Laboratories (US), Integrative Therapeutics (US), Xymogen (US), and others.
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