Digestive Enzymes Market Growth, Trends and Forecast 2022 to 2027

The Digestive Enzymes market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Digestive Enzymes Market share and Market size prominent players for 2022 to 2027 are profiled in this report.

The Digestive Enzymes Market is expected to register a CAGR of 7.2% over the forecast period 2022 - 2027.

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Competitive Landscape:

AbbVie Inc., Zeus Biotech Limited, Amway Corporation, Biotics Research Corporation, Country Life LLC, Garden of Life Inc., AST Enzyme, Enzymes Inc., Klaire Labs and Others

Key Market Trends:

Animal Origin Sub-segment Captured the Largest Market Share

- The animal origin sub-segment holds the largest market share in the origin segment and is expected to follow the same trend, over the forecast period.
- The major factors responsible for the growth of this segment include the efficiency of these animal-derived enzymes in various diseases or conditions, such as pancreatitis, exocrine pancreatic insufficiency, and pancreatic cancer. Hence, the rising prevalence of these diseases may influence market growth.
- According to the Cancer Research UK, new cases for pancreatic cancer accounted for almost 10, 257 in the United Kingdom, for 2015-2017. The animal-based enzyme is currently preferred as standard care of treatment for these diseases. The reason behind it may be similar pathophysiology of humans and animals. For instance, the pancreatic pathophysiology of hogs is very much alike to that of humans. However, ethical issues associated with animal origin products in some consumers are expected to hamper the segment's growth.

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North America Captured the Largest Market Share and is Expected to Retain its Dominance

- North America emerged as the largest regional market, in terms of revenue. The increasing prevalence of chronic gastrointestinal diseases, rapidly aging population, growing demand for preventive medicine, and the presence of major market players are primary factors contributing to the large market size.
- According to the US Census Bureau, in 2018, the geriatric population in the United States was recorded with approximately 52 million. Furthermore, in 2018, around 14.8 million people were diagnosed with ulcers in the United States, according to the Centres for Disease Control and Prevention.
- Apart from the high prevalence of GI disorders, the changing lifestyle, unhealthy eating habits, and high disposable income are contributing to the high growth rates. On the other hand, Asia-Pacific is expected to exhibit the fastest growth rate over the forecast period.

Regional Analysis for Digestive Enzymes Market:

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

Highlights about Digestive Enzymes report coverage:

- A complete background analysis, which includes an assessment of the Global Digestive Enzymes Market.

- Important changes in Digestive Enzymes market dynamics

- Digestive Enzymes Market segmentation up to the second & third level regional bifurcation

- Historical, current, and projected size of the Digestive Enzymes market with respect to both value (Revenue) and volume (Production & Consumption)

- Reporting and evaluation of recent Digestive Enzymes industry developments

- Digestive Enzymes Market shares and strategies of key players

- Emerging niche Digestive Enzymes segments and regional markets

- An objective assessment of the trajectory of the Digestive Enzymes market

- Recommendations to companies for strengthening their foothold in the Digestive Enzymes market

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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This release was published on openPR.