The global Digestive Enzymes Powder market size is expected to reach USD 1,319.8 Million by 2028 at a CAGR of 10.3%, according to a new report by Reports and Data. This can be mainly associated with the rise in awareness of gastrointestinal disorders, muscle improvement and fat reduction supplements. The demand of the market for digestive enzymes is driven by the rising disposable income and changing lifestyles of people around the globe leading to the consequent shift away from healthy diets.
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The report further provides a thorough estimation of market share and size in each key geographical region along with key factors such as regulatory framework, investment and funding, technological advancements, import/export, and consumer demand in each region. In addition, the report also present a complete coverage of key companies in each region along with their company profiles, production and manufacturing capacities, product portfolio, and business expansion plans.
The report offers an extensive SWOT analysis and Porter’s Five Forces analysis to provide a better understanding of the competitive landscape of the Digestive Enzymes Market. The section also covers recent developments and product advancements, mergers and acquisitions, and financial standings of each competitors and new entrants.
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Increasing affordability of drugs and therapeutics, growing awareness regarding advanced surgical and treatment approaches, increasing number of government programs to support healthcare facilities and medical treatments, growing population suffering from chronic and lifestyle induced diseases, and rising level of disposable income to drive market growth over the forecast period. The pharma and healthcare industry has witnessed significant revenue growth with the emergence of COVID-19 pandemic. Increasing regulatory approvals, robust pipeline of drugs and therapeutics, growing RD activities, and rising investment to accelerate clinical research are some other factors driving market growth.
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Further key findings from the report suggest
- The market is segmented on the basis of dosage form into tablets, capsules, powder, liquids, and others.
- Tablets segment dominated the market, valued for 21.1% of the digestive enzymes market share in 2020, and is forecasted to have a growth of 8.3% during the forecast period.
- The market is segmented on the basis of product type into carbohydrates, protease, lipase and others.
- Carbohydrates or amylase dominated the market in 2020 with a forecasted CAGR of 10.2%. It is driven by the fact that amylase breaks down the carbohydrates into the sugars that the body needs for energy.
- The market is segmented on the basis of origin into animal, fungi, microbial and plant.
- The animal-origin segment held the largest market share in the market and is forecasted to follow its dominance throughout the forecast period, with a CAGR of 9.5% during the forecast period.
- The efficiency of these animal-originated enzymes in various diseases, such as pancreatitis, exocrine pancreatic insufficiency, and pancreatic cancer, are responsible for driving the growth of the segment
- The market is segmented on the basis of application into Infant Nutrition, Medical Nutrition, Sports Nutrition and Others.
- Medical nutrition segment dominated the market in 2020 and is forecasted to grow with a rate of 9.6% during the forecast period, due to the increasing number of patients suffering from gastrointestinal disorders, rising demand for probiotics and prebiotics among people.
- The market is segmented on the basis of geography by North America, Europe, Asia Pacific, Latin America and Middle East Africa.
- North America dominated the market in 2020 with a forecasted annual growth of 10.3% during the forecast period.
- The increasing occurrence of chronic gastrointestinal diseases, rising demand for precautionary medicine, and the presence of intense competition among the manufacturers are primary factors contributing to large market size.
- Key participants include Country Life LLC., National Enzyme Company, Rainbow Light Nutritional Systems Inc., Garden Of Life Inc., Biotics Research Corporation, Food State Inc., Matsun Nutrition, Metagenics, Inc., Twinlab Corporation, and Abbott Nutrition, among others.
- The companies have adopted various strategies including mergers, acquisitions and partnerships to hold on going trails and come up with new developments in the market.
Key Questions Address in the Report:
- What is the growth rate of the Digestive Enzymes Market? What is the market size the Digestive Enzymes Market is expected to reach by 2028?
- What are the key growth driving and restraining factors of the Digestive Enzymes Market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are key opportunities and growth prospects of the Digestive Enzymes Market over the forecast period?
- Which region is expected to show significant growth in the coming years?
- Which application segment is expected to be the most lucrative over the forecast period?
For the purpose of this report, Reports and Data have segmented global Digestive enzyme Market on the basis of dosage form, product type, origin, application, and region:
Dosage form Outlook (Volume, Kilo tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Tablets
- Capsules
- Powder
- Liquids
- Others
Product type Outlook (Volume, Kilo tons; 2018-2028 And Revenue, USD Million; 2018-2028)
- Carbohydrates
- Protease
- Lipase
- Others
Origin Outlook (Volume, Kilo tons; 2018-2028 And Revenue, USD Million; 2018-2028)
- Animal
- Fungi
- Microbial
- Plant
Application Outlook (Volume, Kilo tons; 2018-2028 And Revenue, USD Million; 2018-2028)
- Infant Nutrition
- Medical Nutrition
- Sports Nutrition
- Other End uses
Regional Outlook (Volume, Kilo tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- South-east Asia
- Latin America
- Brazil
- MEA
About Reports and Data
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