The digestive enzyme supplements market size is anticipated to reach a valuation of US$ 1.9 billion by 2023, surging to US$ 3.5 billion by 2033, with sales expected to grow at a notable compound annual growth rate (CAGR) of 6.1% throughout the forecast period. Several factors are driving the demand for digestive enzyme supplements:
- Digestive enzyme supplements have emerged as a dependable adjunct in treating gastrointestinal disorders and related conditions characterized by mild to severe digestive function impairment.
- Various formulations of digestive enzyme supplements available in the market effectively address a range of digestive issues, including lactose intolerance, cystic fibrosis, and exocrine pancreatic insufficiency.
- Recent therapeutic advancements have led to the discovery of new formulations based on plant- and microbe-derived enzymes, promising significant growth opportunities for the global digestive enzyme supplement market.
- Ongoing research into the application of pancreatic enzymes, lactase, and conjugated bile acids is poised to unlock substantial business potential for industry participants.
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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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