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Albany, NY, May 02, 2019 (GLOBE NEWSWIRE) -- Increasing demand for digestive enzymes in the form of dietary supplements will propel the global digestive enzyme market. Digestive enzymes are a kind of protein that naturally metabolize the small intestine and pancreas. It helps to breakdown the food and ease digestion process. The global digestive enzymes market had registered revenue worth US$358.2 mn in 2016. This revenue is estimated to grow up to US$1,039.4 mn by 2026. Such growth is projected to occur at a CAGR of 13.1% during the forecast period ranging from 2018 to 2026.
On the basis of geography, North America reigns over the global digestive enzyme market. Going forward, this region will continue to dominate the market during the forecast period.
The global digestive enzymes market is segmented into plant based, animal based, and microbial based enzymes. Plant based enzymes have higher demand in the global digestive enzymes market. The reason being plant based enzymes carries larger pH activity in comparison to animal based enzymes.
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Lack of Nutrition to Nudge Growth
Sedentary lifestyle due to fast paced life, there has been increase in health problems related to digestive disorder. Digestive disorders can be treated with ease if detected early. Conditions such as bloating, heartburn, heaviness, etc. indicates towards body’s inability to synthesize gut bacteria. In such cases, digestive enzymes are advised which further boost the growth of the global digestive enzymes market. Alternatively, excessive consumption of processed and packaged food can lead to digestive disorders. Processed food include additives and preservatives to increase the shelf life of the product. Regular consumption of such food can result in digestive tract issues. This act as a catalyst for enzymes market growth. Further, personal trainers at the gymnasium and fitness center assess the body of health conscious people and advice digestive enzymes to fill the nutritional gaps. Consumer are getting aware the benefits of these enzymes that can help them lead a better and quality life. Athletes resort to such external enzyme supplements to build their muscles. This in turn assures them better performance in their respective fields. Fast paced lifestyle and rise in environmental pollution causes distress to the body and creates a need for consumption of digestive enzymes. Thus, changing lifestyles acts as a key factor for expansion of the global digestive enzymes market.
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Lack of Validity to Support Efficacy to Restrain Growth
Lack of validity supporting the effectiveness of synthetically formulated digestive enzymes seem to hinder the market growth. Also, stringent regulations by organizations like FDA may also dampen the growth of the global digestive enzymes market. Additionally, there is no enough knowledge about the dosage of such dietary supplements. Nonetheless, an array of benefits that digestive enzymes offer will push the global digestive enzymes market towards expansion.
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Transparency Market Research (TMR) illustrates the competitive and fragmented market of the global digestive enzyme market. There are several large and small scale players in the digestive enzyme market. Some of the key players in the global market include National Enzyme Company, Food State Inc., Metagenics Inc., Garden of Life Inc., and Matsun Nutrition. These key players are oriented towards providing customized and distinctive products to various age groups, and gender.
Additionally, these players target customers to address specific issues of the consumers. They are keen to develop custom based formulas to gain the competitive edge in the global digestive enzyme market. Such strategies will promote the position of these companies in the global market. These key players are investing on research and development to offer better quality products to the consumers. They are also venturing into partnerships with supply chain stalwarts to improve their sales and penetrate the global digestive enzymes market.
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The above review is based on a TMR report, titled “Digestive Enzymes Market (Origin - Plant, Animal, and Microbial; Application - Medical and Infant Nutrition, Sports Nutrition, and Additional Supplements; Distribution Channel - Retail Stores and Online Stores) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018- 2026”
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