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Digestive Enzymes Global Market Types and Applications, Drivers, Ongoing Trends, Future Demand, Challenges, Top Companies And Forecast 2024-2033
Digestive Enzymes Global Market
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According to The Business Research Company's, The digestive enzymes market size has grown rapidly in recent years. It will grow from $0.99 billion in 2023 to $1.1 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to increasing digestive health awareness, changing dietary habits, aging population, gastrointestinal disorders, nutraceutical industry growth, research and development, e-commerce expansion.
The digestive enzymes market size is expected to see rapid growth in the next few years. It will grow to $1.73 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to health-conscious consumers, mainstream healthcare integration, plant-based and natural products. Major trends in the forecast period include innovation in formulations, customized enzyme formulations, clean label and natural ingredients, personalized nutrition and testing, research and innovation.
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Market Drivers and Trends:
The rising prevalence of gastrointestinal disorder among different age groups drives the growth of the digestive enzymes market. Gastrointestinal disorders include disorders in the gastrointestinal tract starting from the mouth, oesophagus, stomach, small intestine, large intestine, and anus caused due to lack of digestive enzymes. Gastrointestinal disorders require the digestive enzymes to be taken orally as a dieta*ry supplement or as a drug. The increased rates of gastrointestinal disorders are linked to smoking, diet and genetics, sanitation, increased use of antibiotics, and the changing environmental factors due to industrialization and urbanization. According to the American Gastroenterological Association's survey published in September 2022, according to American Gastroenterological Association, a US-based organization, 60-70 million Americans are suffering from gastrointestinal (GI) diseases that can create serious disruptions to daily life, data also shows that nearly 40% of Americans stopped routine activities in the last year due to uncomfortable bowel symptoms . FGID was more prevalent among women than men. A large-scale multinational study found that more than 40% of the population is having FGIDs across the globe. Therefore, the increase in the prevalence of digestive diseases contributes to the growth of the digestive enzymes market.
The companies in the digestive enzymes market are investing in developing customized digestive enzymes. These customized digestive enzymes are condition-specific enzymes to support digestion for digestive sensitive patients and may contain multiple enzymes in the same product. The companies involved in manufacturing digestive enzymes are developing customized digestive enzymes to ease the digestion of different types of food. For instance, Sabinsa, a USA-based provider of herbal extracts, cosmeceuticals, minerals, and dieta*ry supplements, formulated DigeZyme. DigeZyme is a multi-enzyme complex comprising five different enzymes, namely, cellulase, lactase, amylase, lipase, and protease. It is widely used by people who have difficulty in digesting carbohydrates, fats, and proteins, respectively. The companies are increasingly investing in developing customized digestive enzymes.
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Major Key Players of the Market:
Garden of Life LLC, Biotics Research Corporation, Klaire Laboratories, Abbott Nutrition, AbbVie Inc., Johnson & Johnson Inc., Amway Corporation, Food State Inc., Matsun Nutrition, Metagenics Inc., Twinlab Corporation, AST Enzymes, Vemo Corp., Advanced Vital Enzymes Pvt. Ltd., Zeus Biotech Limited, Vox Nutrition Inc., Enzyme Bioscience Pvt. Ltd., XYMOGEN Inc., Douglas Laboratories, Thorne Research Inc., Integrative Therapeutics LLC, Pure Encapsulations Inc., Ortho Molecular Products Inc., Designs for Health Inc., Master Supplements Inc., Proteozymes Pvt Ltd., Chr. Hansen Holding A/S, Danone S.A., DSM Nutritional Products AG, DuPont de Nemours Inc., Kerry Group plc, Koninklijke DSM N.V., Lonza Group AG, Nestle S.A., Pfizer Inc., Sanofi S.A., Specialty Enzymes & Biotechnologies Co., Thermo Fisher Scientific Inc., Wacker Chemie AG
Digestive Enzymes Market 2024 Key Insights:
• The digestive enzymes market size is expected to see rapid growth in the next few years. It will grow to $1.73 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%.
• Rising Prevalence Of Gastrointestinal Disorders Fuels Digestive Enzymes Market Growth
• Customized Enzyme Solutions For Enhanced Digestion
• North America was the largest region in the digestive enzymes market in 2023
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