Report ID: SQMIG15E2363
Report ID:
SQMIG15E2363 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
64 |
Figures:
77
Digestive Enzyme Supplement Market size was valued at USD 3.56 billion in 2021 and is poised to grow from USD 3.63 billion in 2022 to USD 4.14 billion by 2030, at a CAGR of 1.9% during the forecast period (2023-2030).
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.
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Report ID: SQMIG15E2363