The global digestive enzyme market comprises digestive supplements that aid in the breakdown of proteins, carbohydrates, and fats during digestion. Digestive enzymes help improve digestion by breaking down food particles into smaller molecules for optimal absorption of nutrients. They also help reduce symptoms of digestive disorders like bloating, constipation, indigestion, and irritable bowel syndrome. With growing health consciousness, consumer preference is shifting towards natural remedies for minor digestive issues instead of immediate medication. The digestive enzyme supplements market offers a wide range of products containing plant-based enzymes like amylase, lipase, lactase, protease, and cellulase.
The global digestive enzyme market is estimated to be valued at US$ 569 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030.
Get more insights on this topic: https://www.coherentmarketinsights.com/industry-reports/digestive-enzyme-market
Market key trends:
One of the key trends in the digestive enzyme market is the increasing popularity of specialty and target-specific formulations. Manufacturers are focusing on developing customized blends of enzymes for issues like lactose intolerance, gluten sensitivity, and Candida overgrowth. Therapeutic and high-potency formulations containing a precise blend of targeted digestive enzymes are gaining recognition. Another notable trend is the surge in demand for vegan and vegetarian enzymes. Plant-based supplements devoid of animal-derived ingredients are preferred by health-conscious consumers. Manufacturers are leveraging this opportunity by offering an array of vegan capsule and tablet varieties coated with plant fibers or waxes. Innovation in delivery systems is another growing trend, with the availability of fast-dissolve strips and chewable formats for on-the-go consumption.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the digestive enzyme market is moderate. Establishing manufacturing facilities and distribution channels requires heavy capital investments which act as a barrier.
Bargaining power of buyers: The bargaining power of buyers is high. Buyers have numerous product options available from various manufacturers.
Bargaining power of suppliers: The bargaining power of suppliers is low to moderate. Raw materials for digestive enzymes are commodity chemicals widely available.
Threat of new substitutes: The threat of substitutes is moderate. Probiotics provide similar benefits but are considered a separate product category.
Competitive rivalry: The competitive rivalry in the digestive enzyme market is high due to presence of numerous manufacturers.
Key Takeaways
The global digestive enzyme market is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis: North America dominates the global digestive enzyme market and is expected to maintain its lead over the forecast period. This can be attributed to growing awareness about digestive health in the region.
Key players operating in the digestive enzyme market are National Enzyme Company, Garden of Life LLC, Country Life LLC, Rainbow Light Nutritional System Inc., Food State Inc., Matsun Nutrition, Metagenics, Inc., TwinLab Corporation, Abbott Nutrition, Amway Corporation, Klaire Labs, Zenwise Health LLC, Integrative Therapeutics, LLC, Douglas Labs, Enzymedica Inc., Thorne Research Inc., Pure Encapsulations, LLC, Ortho Molecular Products Inc., and Allergy Research Group, Biotics Research Corp.
