The global digestive enzymes market is expected to experience significant growth over the forecast period (2021-2026), with a CAGR of over 6%. This growth can be attributed to the rising incidence of digestive disorders, increasing awareness about the benefits of digestive enzymes, and a growing geriatric population. The market is segmented by product type, source, application, and region.
Product Types
Based on product types, the digestive enzymes market can be segmented into protease, amylase, lipase, lactase, and others. Among these, the protease segment is expected to account for the largest share of the market in terms of revenue, owing to its widespread use in various applications such as food, beverages, and dietary supplements.
Sources in Digestive Enzymes Market
Based on sources, the market can be segmented into animal-based, plant-based, and microbial-based. The animal-based segment is expected to dominate the market, owing to the high demand for animal-based digestive enzymes in the pharmaceutical and healthcare industries. However, the plant-based segment is expected to witness significant growth over the forecast period, owing to the increasing demand for natural and organic products.
Applications in Digestive Enzymes Market
Based on applications, the market can be segmented into food and beverages, pharmaceuticals, nutraceuticals, and others. Among these, the pharmaceuticals segment is expected to account for the largest share of the market, owing to the increasing use of digestive enzymes in the treatment of various digestive disorders such as pancreatitis and lactose intolerance.
Regional Analysis in Digestive Enzymes Market
Based on region, the global digestive enzymes market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account for the largest share of the market in terms of revenue, owing to the high prevalence of digestive disorders and the presence of key players in the region. The Asia Pacific region is expected to witness the fastest growth over the forecast period, owing to the increasing demand for dietary supplements and rising awareness about the benefits of digestive enzymes among consumers.
Market Share in Digestive Enzymes Market
The global digestive enzymes market is highly fragmented, with a large number of players operating in the market. Some of the key players in the market include Chr. Hansen Holding A/S, DowDuPont Inc., Kerry Group plc, Novozymes A/S, and Royal DSM N.V. These companies are focusing on product innovation, mergers and acquisitions, and strategic partnerships to expand their market share and increase their presence in the global market.
In conclusion, the global digestive enzymes market is expected to witness significant growth over the forecast period, owing to the rising prevalence of digestive disorders and increasing awareness about the benefits of digestive enzymes. The market is highly fragmented, with a large number of players operating in the market. North America is expected to account for the largest share of the market in terms of revenue, while the Asia Pacific region is expected to witness the fastest growth over the forecast period.
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