USD 3.56 billion
Report ID:
SQMIG15E2363 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
77
Digestive Enzyme Supplement Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 1.9% during the forecast period (2025-2032).
Over the next nine years, market growth is predicted to be aided by an increase in demand for these goods due to their health benefits. The elderly population is growing, gastrointestinal disorders are more common, people are becoming more aware of GI health, and there is a greater emphasis on preventive health management, all of which are driving the market's expansion. Increasing life expectancy and lower birth rates are causing a rapid ageing of the world's population. There is an increasing demand for the management of illnesses, such as GI tract blockages, as a result of the demographic trend towards an elderly population. In 2030, there will be 1.4 billion people who are 60 years of age or older, up from 1 billion in 2020, according to a report released by the World Health Organization in October 2021. The number of individuals in the globe who are 60 years of age and older will roughly quadruple to 2.1 billion by 2050, according to the analysis. Hence, given the growing elderly population, it is anticipated that the market for digestive enzymes would expand during the forecast period. The belief that probiotic and prebiotic supplements might replace digestive enzymes as well as strict regulatory standards are projected to impede market expansion over the forecast period.
US Digestive Enzyme Supplement Market is poised to grow at sustainable CAGR for the next forecast year.
Global Market Size
USD 3.56 billion
Largest Segment
Animal
Fastest Growth
Animal
Growth Rate
1.9% CAGR
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Global Digestive Enzyme Supplement Market is segmented on the basis of origin, application and region. By origin, the market is segmented into animal, plants, microbial, others. By application, the market is segmented into additional supplements, medical & infant nutrition, sports nutrition. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Digestive Enzyme Supplement Market Analysis by Origin
In 2021, animal-derived enzymes dominated the market and generated 54% of all global revenue. Due to their inferior ability to aid in stomach digestion and limited ability to work at low pH levels, these products are predicted to grow less than other enzyme supplements. Exocrine pancreatic insufficiency, pancreatitis, and pancreatic cancer can all be improved by using animal-derived products, such as pancreas, proteases, and amylases. Yet, given that vegetarians do not favor these products, the product is likely to encounter difficulties. However, it is projected that problems including customer sensitivity to and allergies to these goods may impede growth during the forecast period.
Fermented microbes, such as fungi and bacteria like Aspergillus oryzae and Aspergillus niger, are the source of microbial enzymes. Microbes that have undergone fermentation have a wide range of pH, temperature, and substrate preferences. Also, during the next nine years, demand for these enzymes will be fueled by their abundant availability across a broad spectrum of enzymatic functions and their lower manufacturing costs compared to animal enzymes.
Digestive Enzyme Supplement Market Analysis by Application
The sector with the highest value, additional supplements, was worth USD 602.2 million. Growing adult and elderly knowledge of weight reduction and keeping a healthy lifestyle is anticipated to positively affect the market for digestive enzyme supplements. Additionally, it is projected that throughout the course of the forecast period, demand would increase as development costs for new supplements rise.
Due to the growing use of these goods as dietary ingredients by athletes, sportspeople, bodybuilders, and patients, the application of digestive enzymes in sports nutrition is anticipated to become more significant. Also, the expansion is projected to be fueled by an increase in the number of health clubs, gyms, and fitness facilities as well as an increase in health consciousness.
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With a volume share of 46.3% in 2021, North America was the largest market. This region is predicted to continue to lead the market due to rising usage, a decrease in calorie content, and excellent nutritional value. Over the projected period, it is expected that growing consumer awareness of nutritional products in Mexico as a result of the introduction of new products will encourage the use of supplements.
Due to poor dietary practices among the populace in nations like India, China, and Japan, Asia Pacific is predicted to experience the fastest increase in the future years. In addition, growing costs for health-improving ingredients in light of the region's expanding sports activities and physical fitness requirements are projected to boost demand throughout the projection period.
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Digestive Enzyme Supplement Market Drivers
Increasing Prevalence Of Digestive Disorders To Bolster Market Growth
Digestive Enzyme Supplement Market Restraints
Side Effects And Allergies To Hamper Market Growth Over Forecast Period
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Due to a lack of significant product differentiation in the market, the industry is highly competitive. In both the U.S. and Canada, there are a lot of market participants. A few of the top players on the market are Klaire Laboratories, National Enzyme Company, ProteoZymes, Metagenics, Douglas Labs, and Integrative Therapeutics.
Digestive Enzyme Supplement Market: Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global digestive enzyme supplement market is expected to witness steady growth in the coming years. The increasing prevalence of digestive disorders, rising awareness about the benefits of digestive enzyme supplements, and growing demand for natural and plant-based supplements are some of the factors driving the market growth. The market is also being driven by the growing demand for personalized nutrition and the popularity of e-commerce platforms. However, the high cost of digestive enzyme supplements and the lack of awareness about the benefits of these supplements in certain regions may restrain market growth. North America is currently the largest market for digestive enzyme supplements, followed by Europe and the Asia Pacific. The global digestive enzyme supplement market is poised for steady growth in the coming years, driven by factors such as rising awareness about the benefits of these supplements and growing demand for natural and plant-based supplements. However, the market may face challenges such as high costs and lack of awareness in certain regions.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3.56 billion |
Market size value in 2031 | USD 4.14 billion |
Growth Rate | 1.9% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Digestive Enzyme Supplement Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Digestive Enzyme Supplement Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Digestive Enzyme Supplement Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Digestive Enzyme Supplement Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15E2363
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