Global Digestive Enzymes Market, By Enzyme Type (Carbohydrates, Protease, Lipase, and Others), By Or

Published Date: June 2019 | Report Code : FA2058728

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The Global Digestive Enzymes Market is projected to reach USD 1.29 billion by 2028, at a CAGR of 6.1% during a forecast period. The high demand for digestive enzymes among the urban population is expected to drive the digestive enzymes market during the forecast period.

Digestive Enzymes Market

Digestive Enzymes Market

The global average life expectancy is increasing, owing to continuous innovations by scientists. Factors such as the rising elderly population have given rise to GI tract problems. This has prompted consumers to use prebiotic and probiotic products.

An increase in life expectancy is a major factor impacting the growth of the digestive enzymes market. The population demographic around the world is changing rapidly, with the elderly population increases. The number of people above 65 years of age is expected to increase to 1 billion by 2020. This will lead to a rise in gastrointestinal problems all around the world, thereby spurring the growth of digestive enzymes market. With growing age, the body's capacity to produce enzymes deteriorates. Hence, by 2050, the digestive enzymes market is projected to be one of the largest markets in the healthcare sector.

Global Digestive Enzymes Market

Digestive Enzymes Market

North America is a major digestive enzymes market. Due to the fine healthcare facilities, the digestive enzymes market is booming in this region. The Asia Pacific is poised to be the largest market for digestive enzymes during the forecast period. The Asia Pacific registered the highest-growth in digestive enzymes market, as of 2018. The Middle East is emerging and is expected to witness steady growth in the digestive enzymes market during the forecast period.

Key Factors Impacting Market Growth:

  • Increasing elderly population
  • The tremendous growth of the healthcare sector
  • Development of synthetic digestive enzymes
  • Increasing use of prebiotic and probiotic products

Digestive Enzymes Market- Key Developments:

  • In 2017, Abbot Nutrition, a subsidiary of Abbot Laboratories, announced the acquisition of St. Jude Medical, Inc., establishing the company as a leader in the medical industry. The transaction provides Abbott with expanded opportunities for future growth and is an important part of the company's ongoing effort to develop nutritional pharmaceuticals and digestive supplements for the stomach, GI tract, gall bladder, and spleen.

What Does This Report Provide?

This report provides a detailed understanding of the global digestive enzymes market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Enzyme Type:

    • Carbohydrates
    • Protease
    • Lipase
    • Others

By Origin:

    • Fungi
    • Animal
    • Plant
    • Microbial

By Application:

    • Indigestion
    • Chronic Pancreatitis
    • Irritable Bowel Syndrome
    • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Enzyme Type
    • By Origin
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Enzyme Type
    • By Origin
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Enzyme Type
    • By Origin
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Enzyme Type
    • By Origin
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Enzyme Type
    • By Origin
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Enzyme Type
    • By Origin
    • By Application

Companies Covered: National Enzyme Company, Garden of Life Inc., Food State Inc., Metagenics Inc., Twinlab Corporation, Country Life LLC, Rainbow Light Nutritional Systems Inc., Biotics Research Corporation, Matsun Nutrition, and Abbott Nutrition

Years Considered In The Study

Historic Year

2016, 2017

Base Year

2018

Forecast Period

2019-2028 

CAGR %(2019-2028)

6.1%

Reasons to Buy This Report:

  • Market size estimation of the global digestive enzymes market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market
  • Customization:
  • We provide customization of the study to meet specific requirements:
  • By Segment
  • By Sub-segment
  • By Region/Country

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