Digestive Enzymes Market Size, Growth, Trends Forecast 2019-2025

Global Digestive Enzymes Market

Global Digestive Enzymes Market Overview:

The digestive enzymes market is anticipated to record a CAGR of 7.2% over the forecast period. Factors such as rising geriatric population, increased incidence of gastrointestinal disorders, increased awareness of GI health, and concentrate on preventive health management contribute to market growth. However, the perception of probiotic and prebiotic products by the general public as options to digestive enzymes and strict regulatory policies could adversely influence market growth.

The global population is aging rapidly due to reduced birth rates and increased life expectancy. The demographic trend towards an aging population is a increasing need to manage illnesses, such as obstructions to the GI tract. The number of older people is estimated to increase by nearly 60% in the next 15 years, and by 2030, the total number of people over 65 is anticipated to be more than a billion, i.e., the geriatric population would represent 12% of the global population. By 2050, this number is expected to exceed 1.6 billion, or 16.7% of the total population. Digestive enzyme secretion normally decreases with age, which contributes to high levels of gastric discomfort, lower digestion rates, lower food consumption, and/or a wide range of other GI disorders. Therefore, with the growing geriatric population, the digestive enzyme market is anticipated to boost over the forecast period.

Global Digestive Enzymes Market Report s Scope:

Digestive enzymes represent a group of enzymes secreted by digestive organs to break down complex macromolecules into their constituents to facilitate their body absorption. Several digestive enzymes are accessible commercially as dietary supplements and for the management of digestive disorders.

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Global Digestive Enzymes Market Key Trends:

Animal Origin Segment recorded the highest revenue of origin:

The sub-segment of animal origin holds the highest revenue in the segment of origin and is expected to follow the same trend over the forecast period.

The significant variables responsible for segment development include the efficacy of these animal-derived enzymes in multiple illnesses or circumstances, such as pancreatitis, exocrine pancreatic insufficiency, and pancreatic cancer. In some customers, however, ethical problems connected with products of animal origin are anticipated to hamper segment development. In addition, consumer’s allergies and sensitivity to these products of animal origin are also anticipated to hamper their market growth.

On the other hand, the microbial enzyme is expected to witness the fastest growth rate over the forecast period. This development rate of microbial origin products can be ascribed to variables such as low manufacturing costs and elevated enzymatic activity.

North America Captured the Major Market Share and is Anticipated to Retain its Dominance:

In terms of revenue, North America emerged as the largest regional market. The increasing incidence of chronic gastrointestinal diseases, quickly aging population, rising demand for preventive medicine, and the existence of significant market players are main factors contributing to the big market size. Apart from the high prevalence of GI disorders, the changing lifestyle, unhealthy eating habits and high disposable income contribute to the high growth rates. On the other side, Asia-Pacific is anticipated to show the highest development rate over the forecast period.

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Global Digestive Enzymes Market Competitive Landscape:

Major market players such as Allergan PLC, Johnson & Johnson Inc., Amway Corporation, AbbVie Inc., and Biotics Research Corporation, among others, are present. The growing innovation and investment growth for multiple government and private organizations is anticipated to intensify the industry competition around the globe.

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