Current Industry Research Report Titled On:- Global Digestive Enzymes Market - Segmented By Enzyme Type (Carbohydrase, Protease, Lipase, and Other Types), By Application, By Origin, and By Geography- Growth, Trends, and Forecast (2018 - 2023)
“Digestive Enzymes Market” Report Provides detailed summary of Company Competition, Market demand, Regional Forecast, Marketing & Price and also New investment feasibility analysis is included of Digestive Enzymes Market in global region. The Global Digestive Enzymes Market is anticipated to register a CAGR of 7.2% over the forecast period of (2018 – 2023).
Digestive Enzymes Market Competitive Analysis: The existence of large, small, and local vendors in the market creates high competition. Following are the Leading Manufacturers -
- AbbVie Inc.Allergan PLCAmano Enzyme Inc.Amway CorporationBiotics Research CorporationCountry Life LLCGarden of Life Inc.National Enzyme Company Inc.Johnson & Johnson Inc.
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Digestive Enzymes Market Segment by Regions, regional analysis covers
- North America (USA, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America, Middle East and Africa
Overview of TOC, what it will contains in Research Report ? –
- Overview of Digestive Enzymes Market,
- Competitions by (Types, Applications, Players),
- Imports/Exports Market Analysis,
- Players Profiles and Sales Data,
- Production Market Analysis by Regions,
- Sales Market Analysis by Region,
- Digestive Enzymes Market Forecast (2018-2023),
- And More…..
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The Digestive Enzymes Market is expected to grow at a CAGR of 7.2% over the forecast period.
Digestive enzymes represent a group of enzymes secreted by digestive organs for breaking down complex macromolecules into their constituents, in order to facilitate their absorption by the body. Several digestive enzymes are commercially available as dietary supplements and for the management of digestive disorders. Factors such as rising geriatric population, rising prevalence of gastrointestinal disorders, increasing awareness about GI health, and focus on preventive health management are contributing to the market growth. However, the general publics perception of probiotic and prebiotic products as alternatives to digestive enzymes and stringent regulatory policies could adversely affect the growth of the market.
Rising Geriatric Population and Age-associated GI Disorders are Contributing to Market Growth
The global population is aging rapidly, owing to reduced birth rates and increasing life expectancy. The demographic trend towards an aging population represents a growing need for the management of disorders such as GI tract obstructions. The number of older people is estimated to increase by nearly 60% in the next 15 years, and by 2030, the total number of people above age 65 is expected to be more than a billion, i.e., the geriatric population would represent 12% of the global population. By 2050, this number is expected to cross 1.6 billion, or 16.7% of total population. The secretion of digestive enzymes usually decreases with age, which contributes to high levels of gastric discomfort, lower digestion rates, reduced food consumption, and/or a variety of other GI disorders.
Other factors that are contributing to market growth include the rising prevalence of gastrointestinal disorders, increasing awareness about GI health, and focus on preventive health management.
Perception of Probiotic and Prebiotic Products as Alternatives to Digestive Enzymes is Limiting the Growth of the Market
Probiotic and digestive enzyme supplements are complementary products that can work together to support optimal digestive health. In recent years, owing to increased consumer focus on healthy living and preventive care there has been a growing trend of using probiotics and prebiotics for maintaining general GI health. However, probiotic/prebiotic products and digestive enzymes are often marketed to help in the management of similar digestive issues, when, in fact, they perform a totally different function. This improper marketing has created a perception in the general public that probiotic and prebiotic products can be used as an alternative to digestive enzymes.
Other factors that could potentially impede market growth include stringent regulatory policies.
North America Dominates the Digestive Enzymes Market
In 2017, North America was the largest regional market, in terms of revenue. The increasing prevalence of chronic gastrointestinal diseases, rapidly aging population, growing demand for preventive medicine, and the presence of major market players are primary factors contributing to large market size. Apart from the high prevalence of GI disorders, changing lifestyle, unhealthy eating habits, and high disposable income is contributing to high growth rates.
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Reasons to Purchase Digestive Enzymes Market Report:
- The report analyses how the stringent emission control norms will drive the global Digestive Enzymes market.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”
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