Dublin, Feb. 21, 2022 (GLOBE NEWSWIRE) -- The "Digestive Enzymes Global Market" report has been added to ResearchAndMarkets.com's offering.
This report provides the strategists, marketers and senior management with the critical information they need to assess the global digestive enzymes market.
This report focuses on the digestive enzymes market which is experiencing strong growth. The report gives a guide to the digestive enzymes market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.
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Description:
Where is the largest and fastest growing market for digestive enzymes? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Digestive Enzymes market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider digestive enzymes market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The digestive enzymes market section of the report gives context. It compares the digestive enzymes market with other segments of the digestive enzymes market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, digestive enzymes indicators comparison.
Major players in the digestive enzymes market are Garden of Life, Biotics Research Corporation, Klaire Laboratories, Abbott Nutrition, AbbVie Inc., Allergan PLC, Johnson & Johnson Inc., Amway Corporation, Food State Inc., Matsun Nutrition and Metagenics Inc.
The global digestive enzymes market is expected to grow from $0.44 billion in 2020 to $0.47 billion in 2021 at a compound annual growth rate (CAGR) of 6.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $0.73 billion in 2025 at a CAGR of 12%.
The digestive enzymes market consists of sale of digestive enzymes and related services used to ease up the digestion of food in stomach. Digestive enzymes are enzymes in the digestive system that break large molecules into smaller digestible molecules to be absorbed by the body. The digestive enzymes market commercially provides these enzymes as dietary supplements or drugs to be taken orally when the body fails to produce enough enzymes naturally for the digestion of fats, proteins and carbohydrates.
The digestive enzymes market covered in this report is segmented by enzyme type into carbohydrates, protease, lipase, other enzyme types. It is also segmented by origin into animal, fungi, microbial, plant, by application into indigestion, chronic pancreatitis, irritable bowel syndrome, other applications and by distribution channel into retail stores and online stores.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The potential side effects of digestive enzyme supplements and drugs restrain the growth of digestive enzymes market. Continuous intake of digestive enzyme increases dependency on the digestive enzymes resulting in weaker digestive system over time. The weakened digestive system leads to digestive distress, gas, nausea, bloating, decreased stomach acid and allergic reactions accompanied with diarrhoea, and vomiting. For instance, digestive enzyme bromelain causes thinning of the blood and increases the risk of excess bleeding. The thinning of the blood is the result of the anti-platelet activity caused by the drug. Thus, the side effects caused by the excess and continuous intake of digestive enzymes negatively impacts the growth of the digestive enzyme market.
In January 2020, Nestle, a Switzerland based food and drink processing corporation, entered into an asset purchase agreement with Allergan, an Ireland based pharmaceutical company that acquires, develops, and markets brand name drugs, to acquire Zenpep for an amount undisclosed. Through the acquisition Nestle aims to expand its medical nutrition portfolio by including Zenpep product to support food ingestion, digestion and absorption. Zenpep is a medication for people who cannot digest food properly due to the lack of digestive enzymes.
The rising prevalence of gastrointestinal disorder among different age groups drives the growth of the digestive enzymes market. Gastrointestinal disorders include disorders in the gastrointestinal tract starting from mouth, oesophagus, stomach, small intestine, large intestine, and anus caused due to lack of digestive enzymes. The gastrointestinal disorders require the digestive enzymes to be taken orally as a dietary supplement or as a drug. The increased rates of gastrointestinal disorders are linked to smoking, diet and genetics, sanitation, increased use of antibiotics and the changing environmental factors due to industrialization and urbanization.
According to the American Gastroenterological Association's survey published in April 2020 on worldwide prevalence and burden of functional gastrointestinal disorder, among 73,076 adult respondents, about 40.3% people met diagnostic criteria for at least 1 functional gastrointestinal disorders (FGIDs). FGID were more prevalent among women than men. A large-scale multinational study found that more than 40% of population is having FGIDs across the globe. Therefore, the increase in the prevalence of digestive diseases contributes to the growth of the market.
The companies in digestive enzymes market are investing towards developing customized digestive enzymes. These customized digestive enzymes are condition-specific enzymes to support digestion for digestive sensitive patients and may contain multiple enzymes in the same product. The companies involved in manufacturing digestive enzymes are developing customized digestive enzymes to ease the digestion of different types of food.
The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Key Topics Covered:
1. Executive Summary
2. Digestive Enzymes Market Characteristics
3. Digestive Enzymes Market Trends and Strategies
4. Impact Of COVID-19 On Digestive Enzymes
5. Digestive Enzymes Market Size and Growth
5.1. Global Digestive Enzymes Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Digestive Enzymes Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. Digestive Enzymes Market Segmentation
6.1. Global Digestive Enzymes Market, Segmentation by Enzyme Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Carbohydrates
- Protease
- Lipase
- Other Enzyme Types
6.2. Global Digestive Enzymes Market, Segmentation by Origin, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Animal
- Fungi
- Microbial
- Plant
6.3. Global Digestive Enzymes Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Indigestion
- Chronic Pancreatitis
- Irritable Bowel Syndrome
- Other Applications
6.4. Global Digestive Enzymes Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Retail Stores
- Online Stores
7. Digestive Enzymes Market Regional and Country Analysis
7.1. Global Digestive Enzymes Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Digestive Enzymes Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/k0g0io
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