Digestive Enzyme Supplements Market Overview
The Digestive Enzyme Supplements Market size is estimated to reach $1.27 billion by 2027. Furthermore, it is poised to grow at a CAGR of 8.9% over the forecast period of 2022-2027. The digestive enzyme's role for the body is to help the system digest food. More commonly they are released by the salivary gland and from the cell lining of the stomach-pancreas-and small intestine. The entire process is completed by breaking the large molecules or complex molecules into smaller ones. The smaller molecule can be taken throughout the body, and thereby helping the functionality. Amylase, as an enzyme is secreted by salivary glands and pancreas and helps in the digestion of carbohydrates. Similarly, lipase is conjured by the mouth-stomach-pancreas and helps in breaking fats into fatty acids and glycerol. Similarly, pepsin is secreted by the stomach and helps break off proteins to peptides and amino acids. Cholecystokinin is a peptide hormone that also helps in stimulating the digestion of fats and proteins. Similarly, trypsin also aids in the digestion of protein. Lactase is responsible for breaking down lactose, and many of the people suffering from such incidence are turned into lactose intolerant. The tendency of consumers for eating outdoor or packaged food owing to the rising urbanization trends along with the rise in digestive relative procedures amongst the growing geriatric population have been the key factors driving the Digestive Enzyme Supplements Industry for the projected period of 2022-2027.
Report Coverage
The report: “Digestive Enzyme Supplements Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Digestive Enzyme Supplements Market.
By Source- Animal, Plant, Microbial, and Others.
By Product Type- Tablets and Capsules, Powder, and Others.
By Distribution Channel – Offline and Online.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa).
Key Takeaways
- Geographically, North America’s digestive enzyme supplements market held a dominant market share in the year 2021. It is owing to the rising ailments pertaining to digestive health and other metabolic disorders caused by old age. However, Asia-Pacific is estimated to offer lucrative growth opportunities to the marketers owing to the recent product launches, and the awareness pertaining to the beneficial effects of consuming such enzymes.
- The tendency of consumers for eating outdoor or packaged food owing to the rising urbanization trends along with the rise in digestive relative procedures amongst the growing geriatric population have been the key factors driving the Digestive Enzyme Supplements Market. However, regulations and the growing market competition has narrowed down the earning potential.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Digestive Enzyme Supplements Market Report.
Digestive Enzyme Supplements Market- Geography (%) for 2021.
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Digestive Enzyme Supplements Market Segmentation Analysis- By Source
The digestive enzyme supplement market based on the source can be further segmented into Animal, Plant, Microbial, and Others. The plant segment held a dominant market share in the year 2021. It is owing to the vast array of enzymes, which can aid in digestive health present within the plant forms. Additionally, the predominant availability of products is vegan as people are now preferring vegan diets over others owing to a vast array of reasons. For one, in a recent survey, 54% of the people said that eating vegan products gives them a sense of calmness, as that helps in reducing the cruel animal practices across the world while also helping them in their daily diets. Lately, cardamom and fennel have been researched upon and they too are found to improve overall gastrointestinal comfort and support.
Moreover, the Plant-based segment is estimated to be the fastest-growing, with a CAGR of 9.5% over the forecast period of 2022-2027. It is owing to the growing inclination of the trend of veganism. As of 2020, within the US around 9.6 million people are vegan, and a significantly greater number of people are trying to mix-match their diets with vegan. Owing to such reasons, the market would grow at a steadfast pace.
Digestive Enzyme Supplements Market Segmentation Analysis- By Distribution Channel
The digestive enzyme supplement market based on distribution channels can be further segmented offline and online. The online segment held a dominant market share in the year 2021. It is owing to the various strategies being readily adopted by the market players. Firstly, roping a famous personality or social media influencer to endorse such products. Moreover, regular product information and advantages by asking the said creator/ influencer to show that they are consuming the said products, then just simply advertising it. Confidence building and brand familiarity really help the overall online retail. Additionally, the influencers are given special codes for an online discount, which makes the said segment even dominant.
Moreover, the online segment is estimated to be the fastest-growing, with a CAGR of 9.7% over the forecast period of 2022-2027. The online third-party retailers are further elongating the discounts, moreover, they have reaped the payment facilitator to offer cash-backs if the sale is made through their channel. The said strategy will help the online segment to grow. For example, Healthy-Hey digestive enzyme supplement MRP has been listed as INR 1300, however, Amazon offers discounts up to 40%, which makes the sales price attractive. Further, a 5-10% coupon on their website clubbed with payment facilitator discount can bring down the overall cost down to INR 550-575. Owing to such price differential the segment would grow attractively.
Digestive Enzyme Supplements Market Segmentation Analysis- By Geography
The digestive enzyme supplement market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant share of 38% as compared to the other counterparts in 2021. It is owing to the widespread availability of products and a predominant knowledge of the use and medicinal benefits of such products. Nearly 25% of 1 in 4 Americans have some or the other gastro-intestinal problems, which further leads them to adapt to such supplements. Moreover, the North American region has an internet penetration of 94%, which is 29% higher than the world’s average. Owing to such factors, the region held a dominant share.
However, Asia-Pacific is expected to offer lucrative growth opportunities, in the forecast period of 2022-2027. It is owing to the increasing availability of online products at a competitive market rate. Additionally, the region’s internet penetration growth would allow marketers to gain a substantial edge.
Digestive Enzyme Supplements Market Drivers
The growing disease burden across the globe has been a key driver for the digestive enzyme supplements market
Digestive enzymes help the body aid a variety of metabolic functions, which can range from the synthesis of complex proteins to the breaking down of fats into simpler molecules of fatty acids and glycerol. The disease burden pertaining to the pancreas and other digestive-related tract is growing, primarily due to old age. As per US CDC, the geriatric population would hold population domination of 25% by 2060, which currently stands close to 18%. Researchers have aided that with rising age, the body’s tendency to naturally produce enzymes such as lipase, protease, and amylase deplete, hence supplements are often given to counter the body’s low tendency. Additionally, people’s tendency to digest lactose depletes with age, and hence lactase supplements are given to them. Further, research has propagated that people suffering from type-1 or 2 diabetes should regularly intake such digestive supplements. As per WHO, the global population suffering from diabetes is 463 million. Hence, enzymes such as these can help in ramifying chronic conditions.
The growing public awareness pertaining to a healthier lifestyle has been a key market driver
The global internet penetration has risen multifold in the last decade, and with higher penetration, more products or supplements have come to light and the associated advantages of leading a healthier life have aided the market multiplicatively. The definition of consuming “healthy” has changed as well. For example, in a 2015 survey, people expressed them a healthy lifestyle is one in which they can remove certain ingredients such as sugar-fat and salt. However, the latest trend/survey report governs that consumers wish to add ingredients that can lead to a healthier lifestyle than just mitigating certain food from their diets. One of the clear factors for the same is internet penetration, which was rightly discussed above. Approximately 5.2 billion people have access to the internet, which is close to 66% of the entire population. Moreover, exponential growth has been registered for two decades, when 1300% increment was observed. Owing to such factors, the market is positioned favorably.
Digestive Enzyme Supplements Market Challenges
An intense market competition brings out the best for consumers, however, is an impending market growth factor
Competition has been growing within the dietary supplements market, which comes as a boon for the consumers, however is a challenge for marketers as with high competition the profitability matrix can take a deep hit. Consumers, while purchasing supplements would try a minimum of two brands for them to gauge advantage. However, marketers claim that benefits can not be reaped within a short span of time, the consumer decisions are often short spaced. And marketers always believe- one loyal customer is far greater than 100 floating consumers. The following theory stands true for the discussed market as well. Loyalty is extremely low as the competition is extremely high. For example, 90 capsule digestive supplements across brands cost between INR 650-750.
Digestive Enzyme Supplements Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Digestive Enzyme Supplements Market. Digestive Enzyme Supplements top 10 companies include:
- Klaire Labs,
- National Enzyme Company,
- ProteoZymes,
- Metagenics,
- Douglas Labs,
- Integrative Therapeutics,
- Amway.
- Advanced Enzyme Technologies
- Klaire Laboratories
- VOX Nutrition
Recent Developments
- In July 2020, FRISKA a new health and wellness brand would launch ten innovative dietary supplements which would work on improving gut health. FRISKA's proprietary blend of digestive enzymes and a clinically-proven probiotic anchor each of the unique formulations. FRISKA launched in May at CVS Pharmacy, CVS.com, Whole Foods stores nationwide as well as Amazon, retailing at $29.99. The finished product is a month's supply packaged in a cobalt blue glass bottle within a modern paperboard tube that is recyclable and biodegradable.
- In November 2020, Vital Plan launched its product line- Active Enzymes. The product has been derived by using 15-plant based digestive enzymes. The product has a blend of cardamom and fennel which provides GI Support and comfort. The product is -> gluten-free, GMO-free, soy-free, peanut-free, dairy-free, and from other artificial colors and fragrances. The plant-based enzyme formula contains Amylase, Alpha Galactosidase, Protease, Lipase, Bromelain, Lactase, and other advanced, time-tested enzymes that are essential for combating occasional excess gas, bloating, and difficulty with regularity.
- In January 2019, Healthy Hey launched its Digestive Enzymes- Multi Enzyme Complex Formula. It contains all the necessary enzymes such as amylase-proteas-lipase-cellulase- and lactase. The packaging would vary according to the need, but the commonly sold packaging is 60-90-120days. Healthy-hey multi-enzyme complex is made from plant-derived enzymes, which means it is not an animal-derived enzyme. Healthy-hey manufacturing facility is FSSAI, ccl GMP, fssc 22000, and halal certified.
Relevant Titles
Digestion Aids Market- Forecast (2022-2027)
Report Code- HCR 0275
Feed Enzymes Market- Forecast (2022-2027)
Report Code- FBR 0519
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