Digestive Enzymes Market size was valued at USD 789.6 million in 2022 and is poised to grow at a significant CAGR of 8.2% over 2023-2029. Digestive enzymes are compounds that are used to supplement diet nutrients or to reduce the risk of health issues such as indigestion, chronic pancreatitis, irritable bowel syndrome, muscle gain, and obesity. The market is expected to rise due to the rising incidence of gastrointestinal diseases, increased awareness about GI health, and rise in focus on preventative health management. Moreover, surge in disposable income, increase in healthcare expenditure, rise in per capita GDP in various countries across the globe also burgeon the growth of digestive enzymes market over the forecast years. The market players are focus on the development of newer products to meet the consumer needs across the globe. For instance, in November 2020, George & Oliver, a Japan based company launched metabolism boosting enzyme supplement, a composition of linoleic acid and Bifidobacterium breve B-3, and enzymes. Increase in demand for digestive enzymes is due to rapidly grow in aging population, increasing of chronic gastrointestinal diseases, growing demand for preventive medicine, and the presence of major market players are the main reasons to contribute the growth of market.
Fastest Growing Market
The digestive enzymes market is expected to rise due to increase in the population with digestive disorders coupled with surge in the awareness about digestive supplements in developing economies across the globe. Moreover increased prevalence of diseases such as GI tract blockages, decrease in enzyme production in body resulting in slower digestion also anticipated to rise the market growth over the forecast period. For instance, according to research study per year 62 million Americans are being diagnosed with a digestive disorder and the prevalence is increasing due to rise in aging population and change in food habits.
2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.