Global Digestive Enzyme Supplements Market Size By Application, By Distribution Channel, By End User, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Digestive Enzyme Supplements Market Size By Application, By Distribution Channel, By End User, By Geographic Scope And Forecast
Digestive Enzyme Supplements Market Size And Forecast
Digestive Enzyme Supplements Market size was valued at USD 5.9 Billion in 2023 and is projected to reach USD 12.7 Billion by 2030, growing at a CAGR of 8.9% during the forecast period 2024-2030.
Global Digestive Enzyme Supplements Market Drivers
The growth and development of the Digestive Enzyme Supplements Market is attributed to certain main market drivers. These factors have a big impact on how integrated gas systems are demanded and adopted in different sectors. Several of the major market forces are as follows
Growing Numbers of Digestive Disorders The need for digestive enzyme supplements is being driven by an increase in the prevalence of digestive problems, including lactose intolerance, indigestion, and irritable bowel syndrome (IBS).
Increasingly Elderly Population There is a greater need for digestive enzyme supplements since the ageing population naturally produces fewer digestive enzymes.
Modifying Eating Patterns Dietary changes, such as a rise in processed and hard-to-digest meals, might exacerbate digestive problems and increase the need for digestive enzyme supplements.
Consciousness of Health and Awareness Consumers are being encouraged to look for digestive enzyme supplements to maintain good digestive function, as there is an increasing emphasis on preventative healthcare and increased knowledge of digestive health.
Inclination Towards Natural and Herbal Products The growing inclination towards natural and herbal therapies is one factor driving the demand for digestive enzyme supplements that come from plant or microbial sources.
Accessibility and PracticalityDigestion enzyme supplements are easily accessible, both online and over-the-counter, which increases consumer convenience and propels market expansion.
Food Intolerances Are Becoming More CommonPeople who have food sensitivities and intolerances (such as gluten or lactose intolerance) are more likely to take digestive enzyme supplements to address their dietary issues.
Growing Trends in Nutraceuticals and Functional FoodsThe need for supplements with additional health benefits and functional foods, or nutraceuticals, is driving expansion in the market for digestive enzyme supplements.
New Developments in Product DesignNew and better digestive enzyme supplements are introduced as a result of ongoing research and development activities, drawing in customers looking for more focused and efficient solutions.
Cultural Influences with GlobalisationThe need for enzyme supplements is growing globally as a result of changing lifestyles, rising globalisation, and the adoption of Western cuisine in diverse countries, all of which contribute to digestive health difficulties
Global Digestive Enzyme Supplements Market Restraints
The Digestive Enzyme Supplements Market has a lot of room to grow, but several industry limitations could make it harder for it to do so. Industry stakeholders must comprehend these difficulties. Among the significant market limitations are
Insufficient Scientific DataSome detractors contend that the effectiveness of digestive enzyme supplements for certain illnesses is supported by scant scientific data. The absence of solid clinical data may impede market expansion.
Regulatory ObstaclesThe legal and regulatory environment surrounding dietary supplements can be complicated, with regional differences in standards and laws. Adherence to these regulations may present obstacles for producers and influence the reach of the market.
Sensed Adverse ReactionsAlthough digestive enzyme supplements are usually thought to be safe, some people may feel uncomfortable or have adverse effects, which could impact consumer confidence and adoption.
Alternative TherapiesDigestive enzyme supplements may face competition from other approaches to treating digestive problems, such as dietary adjustments, lifestyle changes, or prescription drugs, which could slow market expansion.
Exorbitant Prices for Premium IngredientsThe utilisation of premium components in digestive enzyme supplements may result in increased production expenses. Customers may pay more as a result, which could restrict market penetration.
Product Competition and SaturationThere could be a glut of items in the digestive enzyme supplement market, which would mean fierce competition. Because of this, it could be difficult for both new and established competitors to set themselves apart.
Customer DoubtCertain customers might have doubts regarding the advantages of taking digestive enzyme supplements, or they might choose to use natural remedies to treat digestive problems. Overcoming this scepticism may present a challenge to market growth.
Allergies and Adverse EventsEven if they are uncommon, adverse events or allergies linked to certain digestive enzyme supplements might damage consumer confidence and raise questions about the safety of the product.
Insufficient Knowledge in Specific AreasGrowth in the industry may be hampered in some areas by a lack of knowledge about digestive enzyme supplements and their possible advantages.
Variations in Product QualityDigestion enzyme supplement quality varies between brands and products, which can affect consumer happiness and the credibility of the industry as a whole.
Global Digestive Enzyme Supplements Market Segmentation Analysis
The Global Digestive Enzyme Supplements Market is Segmented based on Application, Distribution Channel, End User, and Geography.
Digestive Enzyme Supplements Market, By Application
Indigestion Dietary supplements help ease overall discomfort and indigestion.
For those with lactose intolerance only Specifically designed product.
Lactose IntoleranceDietary supplements intended to improve digestion and lessen symptoms of acid reflux.
Acid Reflux Formulations specifically designed for people suffering from Irritable Bowel Syndrome (IBS).
Others Specialised treatments for particular stomach problems.
Digestive Enzyme Supplements Market, By Distribution Channel
Pharmacies and DrugstoresTraditional retail channels for over-the-counter sales.
Health and Wellness StoresSpeciality shops selling wellness items and dietary supplements.
Online RetailOnline retail refers to sales made via online stores and e-commerce platforms.
OthersSupermarkets, hypermarkets, and convenience stores are examples of others.
Digestive Enzyme Supplements Market, By End User
AdultsSupplements with digestive enzymes designed specifically for adult use.
GeriatricsProducts designed specifically for the aged to address decreases in enzyme production associated with ageing.
Digestive Enzyme Supplements Market, By Geography
North AmericaParticular market trends and segments.
EuropeEuropean countries’ market choices and trends.
Asia-PacificDemands and regional differences in the Asia-Pacific area.
379545Market circumstances in areas outside of the main markets include the rest of the world.
Key Players
The major players in the Digestive Enzyme Supplements Market are
AbbVie Inc.
Biotics Research Corporation
Klaire Labs
Amway Corporation
Zeus Biotech Pvt. Ltd.
ProThera, Inc.
Enzymes, Inc.
AST Enzymes
Vemo 99 Ltd.
Metagenics, Inc.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2020-2030
BASE YEAR
2023
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2020-2022
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
AbbVie Inc., Biotics Research Corporation, Klaire Labs, Amway Corporation, Zeus Biotech Pvt. Ltd., ProThera, Inc., Enzymes, Inc., AST Enzymes, Vemo 99 Ltd., Metagenics, Inc.
SEGMENTS COVERED
Application, Distribution Channel, End User, and Geography
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
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