Digestive Enzyme Supplements Market Current Global Scenario and Forecast to 2025
Research Reports
Jan 15, 2021
Market Overview
Global Digestive Enzyme Supplements Market 2020 is poised to cross USD 1.08 Billion by 2025 at a CAGR of 6.5% over the forecast period of 2019 to 2025.
Rising demand for dietary supplements among consumers in light of health issues and awareness towards nutraceuticals is anticipated to help in market expansion over the forecast period.
Different causes, such as shifting habits, hectic work schedules, and office overtime, are pushing customers towards processed food, also leading to digestive issues. For the body to consume food, digestive enzymes help break down food into nutrient form. In view of the health benefits, the increasing demand for these goods is projected to help business growth over the next nine years.
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Competitive Landscape
The key players of Digestive Enzyme Supplements Market are Enzymes, Inc. (US), Amano Enzyme Inc. (Japan), ENZYMEDICA (Us), Advanced Enzyme Technologies (India), National Enzyme Company (Us), Danone India (NUTRICIA) (India), METAGENICS, Inc. (US), Vox Nutrition (US), Douglas Laboratories (US), KLAIRE Laboratories (US), Integrative Therapeutics (US), XYMOGEN (US), and others.
Segmental Analysis
Digestive Enzyme Supplements Market was segmented into animals, plants and microbials by Source. The highest market share is compensated for by animal-based digestive enzyme supplements. The development of the segment is mainly motivated by the need for pancreatic enzyme supplements and the worldwide rise in diabetes and cancer prevalence. A lower market share than animal-based digestive enzyme supplements is compensated for by the plant segment. Due to the strong effectiveness of microbial digestive enzyme supplements and high enzyme efficiency from microbial sources, the microbial segment is projected to be the fastest-growing segment during the analysis era.
Global Digestive Enzyme Supplements Market has been segmented into tablets and pills, powder, and others according to product form. Tablets and capsules, the biggest and most quickly growing category, are an easy way to consume digestive enzyme supplements while being easy to transport and store.
The industry has been segmented into store-based and non-store-based by the Sales Channel. The store-based segment is expected to be larger. The segment has been further divided into supermarkets and hypermarkets, specialty stores, and others. The advent of e-commerce and the widening delivery range are projected to result in a higher CAGR of the segment.
Regional Overview
The largest regional Digestive Enzyme Supplements Market is North America, with growth led by an increase in the prevalence of digestive disorders and diabetes. The established medicinal benefit of digestive enzyme supplements is driving demand in the area, with the strenuous FDA approval process being the only notable restriction on market growth.
The Rest of the World segment is the smallest geographic sector with a limited population base and no general knowledge of the benefits of supplementing digestive enzymes.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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