Press release
Digestive Enzymes Market Growth, Revenue Share Analysis, Company Profiles, and Forecast to 2030
The global market for digestive enzymes was valued at USD 697.7 million in 2021 and is projected to experience a compound annual growth rate (CAGR) of 9.3% during the forecast period. One of the main factors contributing to the growth in revenue is the increasing awareness of gastrointestinal disorders, muscle enhancement, and changing lifestyle and eating habits among people. Exocrine pancreatic insufficiency and lactose intolerance are two conditions caused by a deficiency of digestive enzymes in the body. People with these conditions take digestive enzyme supplements to manage their symptoms, which is driving revenue growth in the market.Another factor driving revenue growth is the rising demand for natural sources of digestive enzymes such as kiwifruit, pineapple, mango, papaya, bananas, avocados, honey, kefir, kimchi, sauerkraut, miso, and ginger. Consumption of these foods on a regular basis helps to improve gut health and digestion. Pineapples contain bromelain, a compound with effective anti-inflammatory activities. The cysteine proteinase enzyme found in pineapple helps the body break down food and digest protein easily, reducing the risk of cancer and assisting with blood coagulation. This is driving revenue growth in the digestive enzymes market.
Digestive enzymes can be produced naturally in the body or obtained with a prescription. Advocates of digestive enzyme supplements claim that these over-the-counter enzymes can treat a wide range of health conditions, including stomach-related issues such as heartburn, Irritable Bowel Syndrome (IBS), Chron's disease, Celiac disease, and ulcerative colitis. This is also contributing to the growth in revenue in the market.
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Digestive Enzymes Market Segments:
The global digestive enzymes market is segmented based on dosage outlook, product type outlook, origin outlook, end-use outlook, and regional outlook.
In terms of dosage outlook, the market is segmented into tablets, capsules, powder, liquids, and others.
The product type outlook segment includes carbohydrates, protease, lipase, and others.
Based on the origin outlook, the market is segmented into animal, fungi, microbial, and plant.
The end-use outlook segment includes infant nutrition, medical nutrition, sports nutrition, and others.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
In summary, the global digestive enzymes market is categorized into various segments based on dosage, product type, origin, end-use, and region. These segments enable a better understanding of the market and its potential growth opportunities.
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Digestive Enzymes Market: Strategic Developments
One of the major factors driving the growth of the digestive enzymes market is the increasing demand for advanced supplements, such as probiotic and prebiotic supplements. Probiotics are known to have several health benefits, including improving gut microbiota, boosting the immune system, and easing sporadic abdominal discomfort. Prebiotics, on the other hand, are high-fiber diets that feed the human microflora and are used to improve the balance of microorganisms. Foods like whole grains, bananas, greens, onions, garlic, soybeans, and artichokes contain prebiotics.
However, the market growth is restrained by the side-effects associated with digestive enzymes, including nausea, abdominal cramping, diarrhea, neck pain, headache, dizziness, nasal congestion, swelling of the legs, and sharp rise or fall in blood sugar levels. Other side effects such as flatulence, urinary tract stones, renal cyst, gastritis, abnormal feces, viral infection, and muscle spasm can also hamper revenue growth. Allergic reactions and continuous pain are other potential issues faced by people who take digestive enzyme supplements. Additionally, increasing awareness of less expensive and healthier alternatives to digestive enzyme supplements is a major factor that could hinder the growth of the market.
Digestive Enzymes Market: Competitive Landscape
Several key companies have been profiled in the global digestive enzymes market. These include AbbVie Inc., KLAIRE LABS, Amano Enzyme Inc., Enzymes Inc., Proteozymes, VEMO 99, Zeus Biotech Pvt. Ltd., Enzyme Bioscience Private Limited, XYMOGEN, and Douglas Laboratories. These companies are primarily focused on developing and manufacturing high-quality digestive enzyme supplements to cater to the rising demand for these products across the globe.
AbbVie Inc. is a global biopharmaceutical company that focuses on the development of advanced therapies to address some of the world's most complex health challenges. KLAIRE LABS is a leading manufacturer of hypoallergenic nutritional supplements for healthcare professionals. Amano Enzyme Inc. is a global manufacturer of high-quality enzyme products for the food, and pharmaceutical industries.
Enzymes Inc. is a leading manufacturer of enzymes and probiotics for various industries, including , animal feed, and industrial applications. Proteozymes is a biotech company that specializes in the production and commercialization of enzymes for food and animal feed industries. VEMO 99 is a producer of high-quality enzymes, which are used in various industrial and pharmaceutical applications.
Zeus Biotech Pvt. Ltd. is an India-based biotechnology company that develops and manufactures high-quality enzymes for various applications, including healthcare, agriculture, and bioremediation. Enzyme Bioscience Private Limited is an Indian biotech company that specializes in the production of enzymes for the food, pharmaceutical, and animal feed industries.
XYMOGEN is a leading provider of nutritional supplements to healthcare professionals, and Douglas Laboratories is a globally recognized brand that develops and manufactures high-quality nutritional supplements for various applications.
These key players in the global digestive enzymes market are focused on developing innovative products to cater to the rising demand for digestive enzyme supplements. They are also investing in research and development activities to improve the effectiveness and safety of their products, which is expected to drive revenue growth of the market over the forecast period.
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