Rise in awareness of gastrointestinal disorders, muscle improvement and fat reduction supplements are the major factors influencing market growth.
Market Size – USD 522.2 Million in 2018, Market Growth - CAGR of 10.3%, Market Trends – Growing popularity of e-commerce.
NEW YORK, April 08, 2019 (GLOBE NEWSWIRE) -- The global Digestive enzyme market is expected to reach USD 1,210.1 Million by 2026, according to a new report by Reports and Data. This can be mainly associated with the rise in awareness of gastrointestinal disorders, muscle improvement and fat reduction supplements. The demand of the market for digestive enzymes is driven by the rising disposable income and changing lifestyles of people around the globe leading to the consequent shift away from healthy diets.
Digestive enzymes are substances that are used to add nutrients to the diet or to lower the risks of health problems, like indigestion, chronic pancreatitis, irritable bowel syndrome, muscle improvement and obesity. The dosage form of digestive enzymes might be in the form of pills, capsules, powders, extracts, or liquids, containing Proteases, Lipases and Amylases.
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Growing competition in the market has influenced the established players to invest massively in R&D to come up with better products in order to lure and retain their consumers. They are also starting to adopt various strategies like partnerships with retail chain companies to improve their global sales.
Perception of consumers of probiotic and prebiotic product types to be a better alternative to digestive enzymes is one of the factors restraining the growth of the market.
Further key findings from the report suggest
- The market is segmented on the basis of dosage form into tablets, capsules, powder, liquids, and others.
- Tablets segment dominated the market, valued for 21.1% of the digestive enzymes market share in 2018, and is forecasted to have a growth of 8.3% during the forecast period.
- The market is segmented on the basis of product type into carbohydrates, protease, lipase and others.
- Carbohydrates or amylase dominated the market in 2018 with a forecasted CAGR of 10.2%. It is driven by the fact that amylase breaks down the carbohydrates into the sugars that the body needs for energy.
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- The market is segmented on the basis of origin into animal, fungi, microbial and plant.
- The animal-origin segment held the largest market share in the market and is forecasted to follow its dominance throughout the forecast period, with a CAGR of 9.5% during the forecast period.
- The efficiency of these animal-originated enzymes in various diseases, such as pancreatitis, exocrine pancreatic insufficiency, and pancreatic cancer, are responsible for driving the growth of the segment
- The market is segmented on the basis of application into Infant Nutrition, Medical Nutrition, Sports Nutrition and Others.
- Medical nutrition segment dominated the market in 2018 and is forecasted to grow with a rate of 9.6% during the forecast period, due to the increasing number of patients suffering from gastrointestinal disorders, rising demand for probiotics and prebiotics among people.
- The market is segmented on the basis of geography by North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
- North America dominated the market in 2018 with a forecasted annual growth of 10.3% during the forecast period.
- The increasing occurrence of chronic gastrointestinal diseases, rising demand for precautionary medicine, and the presence of intense competition among the manufacturers are primary factors contributing to large market size.
- Key participants include Country Life LLC., National Enzyme Company, Rainbow Light Nutritional Systems Inc., Garden Of Life Inc., Biotics Research Corporation, Food State Inc., Matsun Nutrition, Metagenics, Inc., Twinlab Corporation, and Abbott Nutrition, among others.
- The companies have adopted various strategies including mergers, acquisitions and partnerships to hold ongoing trials and come up with new developments in the market.
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For the purpose of this report, Reports and Data have segmented global Digestive enzyme Market on the basis of dosage form, product type, origin, application, and region:
Dosage form Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Million; 2018-2026)
- Tablets
- Capsules
- Powder
- Liquids
- Others
Product type Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Million; 2018-2026)
- Carbohydrates
- Protease
- Lipase
- Others
Origin Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Million; 2018-2026)
- Animal
- Fungi
- Microbial
- Plant
Application Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Million; 2018-2026)
- Infant Nutrition
- Medical Nutrition
- Sports Nutrition
- Other End uses
Regional Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Million; 2018-2026)
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- South-east Asia
- Latin America
- Brazil
- MEA
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