Market Overview:
The global digestive enzymes market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for digestive enzymes from retail stores and online stores. Additionally, the growing awareness about the benefits of using digestive enzymes is also contributing to the growth of this market. The plant-based digestive enzymes segment is expected to dominate the global market during the forecast period owing to its numerous health benefits such as improved digestion, weight loss, and better absorption of nutrients.
Product Definition:
Digestive enzymes are proteins that catalyze the digestion of food in the body. They are secreted by the pancreas and other digestive organs and work to break down macromolecules like carbohydrates, proteins, and lipids into their smaller component parts. The importance of digestive enzymes is twofold. First, they play a critical role in breaking down food so that it can be absorbed and used by the body. Second, they help protect against harmful bacteria by destroying them before they can colonize the gut.
Plant:
The global digestive enzyme market size was valued at USD 848.5 million in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of increasing demand for plant-based products coupled with growing consumer awareness regarding health & nutrition.
Animal:
Animal and it's usage in digestive enzymes market is used for the catalytic hydrolysis of food into amino acids. These products are utilized by animals and humans as a source of protein. Digestive enzymes are also known as proteases or proteolytic agents, which are found in the animal body, plants, bacteria and fungi.
Application Insights:
The retail stores application segment accounted for the largest revenue share of over 40% in 2017. The growth is attributed to an increase in the number of retail stores operating across the world. A large number of retailers are focusing on online shopping owing to benefits such as convenience, ease and flexibility. However, many consumers still prefer visiting physical shops where they can interact with employees and try products first hand before buying them online. This factor is expected to drive demand for digestive enzymes in the near future.
Online store operators are also focusing on offering their customers¢â‚¬â„¢ choice by including a wide range of digestive enzymes manufactured by well-established companies along with small and medium-sized enterprises (SMEs). SMEs have been trying hard to reach a larger customer base through e-commerce platforms which has resulted in increasing product offerings through various manufacturers across the globe.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to high product demand, presence of a large number of companies and easy accessibility of raw materials in this region. Asia Pacific is estimated to witness the fastest growth over the forecast period owing to rising disposable income levels, increasing population, and growing awareness about digestive health among people.
The key manufacturers operating in Europe include Roquette (France), FrieslandCampina (Netherlands), Svea Foods AB (Sweden), Agropecu ria de Guissona S.A., Argelaguer SASUAG-BASF SE & Co KGAABV-Guissona Group (Spain) and Lactase Ltd.(UK).
Growth Factors:
- Increasing incidence of digestive disorders such as Crohn's disease, irritable bowel syndrome, and ulcerative colitis is expected to drive the demand for digestive enzymes over the forecast period.
- Growing awareness about the benefits of using digestive enzymes is projected to boost their demand in the near future.
- Rising geriatric population is anticipated to create a positive impact on the growth of this market during the forecast period.
- Increasing use of dietary supplements is another key factor that would propel market growth in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Digestive Enzymes Market Research Report
By Type
Plant, Animal, Microbial
By Application
Retail Stores, Online Stores
By Companies
Garden of Life, Country Life, Rainbow Light, Biotics Research, Metagenics, Abbott Nutrition, Matsun Nutrition, TwinLab, National Enzyme, Garden of Life
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Digestive Enzymes Market Report Segments:
The global Digestive Enzymes market is segmented on the basis of:
Types
Plant, Animal, Microbial
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail Stores, Online Stores
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Garden of Life
- Country Life
- Rainbow Light
- Biotics Research
- Metagenics
- Abbott Nutrition
- Matsun Nutrition
- TwinLab
- National Enzyme
- Garden of Life
Highlights of The Digestive Enzymes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Plant
- Animal
- Microbial
- By Application:
- Retail Stores
- Online Stores
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digestive Enzymes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Digestive enzymes are proteins that help break down food in the stomach and small intestine.
Some of the major companies in the digestive enzymes market are Garden of Life, Country Life, Rainbow Light, Biotics Research, Metagenics, Abbott Nutrition, Matsun Nutrition, TwinLab, National Enzyme, Garden of Life.
The digestive enzymes market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digestive Enzymes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digestive Enzymes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digestive Enzymes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digestive Enzymes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digestive Enzymes Market Size & Forecast, 2020-2028
4.5.1 Digestive Enzymes Market Size and Y-o-Y Growth
4.5.2 Digestive Enzymes Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Plant
5.2.2 Animal
5.2.3 Microbial
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Retail Stores
6.2.2 Online Stores
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digestive Enzymes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digestive Enzymes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Plant
9.6.2 Animal
9.6.3 Microbial
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Retail Stores
9.10.2 Online Stores
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Plant
10.6.2 Animal
10.6.3 Microbial
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Retail Stores
10.10.2 Online Stores
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Plant
11.6.2 Animal
11.6.3 Microbial
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Retail Stores
11.10.2 Online Stores
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Plant
12.6.2 Animal
12.6.3 Microbial
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Retail Stores
12.10.2 Online Stores
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Plant
13.6.2 Animal
13.6.3 Microbial
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Retail Stores
13.10.2 Online Stores
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digestive Enzymes Market: Competitive Dashboard
14.2 Global Digestive Enzymes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Garden of Life
14.3.2 Country Life
14.3.3 Rainbow Light
14.3.4 Biotics Research
14.3.5 Metagenics
14.3.6 Abbott Nutrition
14.3.7 Matsun Nutrition
14.3.8 TwinLab
14.3.9 National Enzyme
14.3.10 Garden of Life
