The digestive enzymes market in the food and beverage industry has been experiencing steady growth in recent years due to the increasing demand for natural and organic products, as well as the growing awareness of the importance of digestive health. In this article, we will explore the market analysis of the digestive enzymes market in the food and beverage industry.
Market Overview in Digestive Enzymes Market
The digestive enzymes market in the food and beverage industry is expected to grow significantly over the forecast period (2021-2026), owing to the increasing demand for natural and organic products and the growing awareness of the benefits of digestive enzymes for gut health.
According to a report by MarketsandMarkets, the global digestive enzymes market in the food and beverage industry was valued at USD 289.9 million in 2020 and is expected to reach USD 486.5 million by 2025, growing at a CAGR of 10.9% from 2020 to 2025. The report also states that the increasing prevalence of digestive disorders and the growing aging population are expected to drive the demand for digestive enzyme supplements.
Factors Driving the Growth of Digestive Enzymes in the Food and Beverage Industry:
- Increasing Prevalence of Digestive Disorders: Digestive disorders such as irritable bowel syndrome (IBS), inflammatory bowel disease (IBD), and gastroesophageal reflux disease (GERD) are becoming increasingly common. Digestive enzyme supplements have been shown to alleviate symptoms of these disorders, which is driving the demand for these supplements in the food and beverage industry.
- Growing Demand for Natural and Organic Products: Consumers are becoming more aware of the benefits of natural and organic products and are seeking these products for their health and wellness. Digestive enzyme supplements, which are derived from natural sources such as plants and animals, are gaining popularity among health-conscious consumers in the food and beverage industry.
- Aging Population: The aging population is at an increased risk of digestive disorders, and as the population continues to age, the demand for digestive enzyme supplements in the food and beverage industry is expected to grow.
Market Analysis Digestive Enzymes Market
Based on type, the digestive enzymes market in the food and beverage industry 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, owing to its widespread use in various applications such as meat tenderizing and protein hydrolysis.
Based on source, 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 food and beverage industry, particularly in the meat processing industry. 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.
Based on application, the market can be segmented into bakery and confectionery, meat products, dairy products, beverages, and others. Among these, the meat products segment is expected to account for the largest share of the market, owing to the widespread use of digestive enzymes in meat processing for meat tenderizing and protein hydrolysis.
Based on region, North America is expected to dominate the market, owing to the high prevalence of digestive disorders in the region and the increasing demand for natural and organic products. However, the Asia Pacific region is expected to witness significant growth over the forecast period, owing to the increasing population and the growing demand for natural and organic products in the food and beverage industry.
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.
