The digestive enzymes market is expected to grow at a significant rate in the coming years, driven by factors such as the increasing prevalence of digestive disorders, growing awareness of the benefits of digestive enzyme supplements, and the aging population. This report will provide an in-depth analysis of the digestive enzymes market, including its size, share, and growth analysis.
Market Overview
The digestive enzymes market is expected to grow at a significant rate during the forecast period. The market is primarily driven by the growing awareness of the benefits of digestive enzyme supplements and the increasing prevalence of digestive disorders such as irritable bowel syndrome (IBS), acid reflux, and inflammatory bowel disease (IBD). The aging population is also a major factor driving the growth of the market.
Market Size and Share in Digestive Enzymes Market
The global digestive enzymes market was valued at USD 1.4 billion in 2020 and is expected to reach USD 2.3 billion by 2027, growing at a CAGR of 7.1% during the forecast period. North America is the largest market for digestive enzyme supplements, followed by Europe and the Asia-Pacific region.
By product type, the protease segment is expected to dominate the market during the forecast period, driven by the growing popularity of high-protein diets and protein supplements. Based on source, the plant-based segment is expected to grow at a significant rate during the forecast period, driven by the growing demand for natural and organic products and the increasing popularity of vegetarian and vegan diets. Based on application, the dietary supplements segment is expected to dominate the market during the forecast period, driven by the growing awareness of the benefits of digestive enzyme supplements and the increasing demand for natural and organic products.
Market Growth Analysis in Digestive Enzymes Market
The digestive enzymes market is expected to grow at a significant rate during the forecast period, driven by factors such as the increasing prevalence of digestive disorders, growing awareness of the benefits of digestive enzyme supplements, and the aging population. The protease segment is expected to dominate the market, and the plant-based segment is expected to grow at a significant rate during the forecast period.
North America is the largest market for digestive enzyme supplements, driven by factors such as the high prevalence of digestive disorders such as IBS, acid reflux, and IBD in the region and the growing awareness of the benefits of digestive enzyme supplements. Europe is the second-largest market for digestive enzyme supplements, driven by factors such as the aging population and the increasing prevalence of digestive disorders. The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period, driven by factors such as the rapidly aging population and the growing demand for natural and organic products.
Competitive Landscape in Digestive Enzymes Market
The global digestive enzymes market is highly competitive, with several small and large players operating in the market. Some of the key players operating in the market include Abbott Laboratories, Amway, Biotics Research Corporation, Danone S.A., Douglas Laboratories, Enzyme Science, Garden of Life LLC, Integrative Therapeutics, NOW Foods, and Thorne Research Inc.
Companies operating in the market are focusing on product innovation and expansion to strengthen their position in the market. For instance, in 2020, Thorne Research Inc. launched a new digestive enzyme supplement, Bio-Gest, which is designed to support healthy digestion and nutrient absorption.
Conclusion in Digestive Enzymes Market
In conclusion, the global digestive enzymes market is expected to grow significantly in the coming years, driven by factors such as the increasing prevalence of digestive disorders, growing awareness of the benefits of digestive enzyme supplements, and the aging population. The market is expected to be dominated by the protease segment, and the plant-based segment is expected to grow at a significant rate during the forecast period. North America is the largest market for digestive enzyme supplements, followed by Europe and the Asia-Pacific region.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Everest Market Insights journalist was involved in the writing and production of this article.
