The digestive enzyme supplements market size is projected to be valued at US$ 1.9 Bn in 2023 and is expected to rise to US$ 3.5 Bn by 2033. The sales of digestive enzyme supplements are expected to grow at a significant CAGR of 6.1% during the forecast period.
Consumer demand for dietary supplements is expected to increase due to health concerns and increased awareness of nutraceuticals over the forecast period.
Consumers are increasingly turning to packaged food, which frequently causes stomach issues, due to a variety of factors including changing lifestyles, hectic work schedules, and overtime at the job.
Positive attitudes toward sports nutrition and expanding gastric health concerns are the industry’s main drivers. A growing number of international sporting events have compelled sportsmen to concentrate on preserving their physical fitness, which is anticipated to spur growth in the approaching years.
The industry trend has changed in favor of developing the organic food market as public knowledge of the harmful effects of inorganic food on human health has grown.
Furthermore, it is anticipated that customers would stop selecting dietary supplements in the form of capsules and tablets as organic food consumption rises due to its nutritional benefits.
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Key Takeaways from the Digestive Enzyme Supplements
- The digestive supplement market in the US is expanding at a rate of 5.2% as a result of important product launches, increased research activity and a high concentration of manufacturers or market players, in the country.
- With a revenue share of USD 113.5mn, U.K has contributed a sizeable share in the global market. The growing online sales channel and expansion of sports nutrition is proliferating market growth.
- Currently, China holds dominance with a growth rate of 7.1% in Asia Pacific region. The high prevalence of chronic disorders had let regulating authorities to initiate various awareness programs which highly includes the incorporation of digestive support.
- Animal derived segments dominates the market and would expand substanitialy at a CAGR of 4.9%. Increases in gastrointestinal illnesses are predicted to have a favourable effect on the segment’s growth because animal-derived digestive enzymes are one of the most effective treatments for these conditions.
- Due to the increased frequency of digestive problems globally and the adoption of conventional ways for the disease’s care, conventional dietary supplements will grow exponentialy at a rate of 5.6%.
- Due to rising public awareness of fitness and wellbeing, the sports nutrition industry is expected to develop at the highest pace of 9.4%. Increase in sporting events and activities will further expand market reach.
Competitive Landscape
Due to the existence of several businesses operating both internationally and regionally, the digestive enzymes market is fragmented in character. A few well-known, internationally operating as well as domestically based businesses are examined in the competitive landscape, including Zeus Biotech Limited, Klaire Labs, Amway Corporation, AbbVie Inc., and Biotics Research Corporation, among others.
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Latest Developments
- The University of Illinois at Urbana-Champaign will host a clinical trial in February 2022 that Bio-Cat Inc. is funding to examine the effectiveness of a digestive enzyme combination designed to enhance protein digestion and gastrointestinal tolerance.
- Mimi’s Rock Corp. announced in February 2022 that its supplements brand, Dr. Tobias, is extending the range of products it offers by adding digestive enzymes, prebiotics, and probiotics to support gut health. This move is being made in response to the rising demand for products in the digestive health sector.
Key Segments Covered in the Digestive Enzyme Supplements Market Report
By Origin:
- Animal
- Plant
- Microbial
By Application:
- Additional supplements
- Medical & infant nutrition
- Sports Nutrition
By Type:
- Carbohydrase
- Protease
- Lipase
- Other Enzyme Types
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Japan
- Middle East & Africa (MEA)
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