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Digestive enzymes are used to enhance nutritional value to the diet and to lower the risks of wide range of health problems including indigestion, irritable bowel syndrome, constipation, chronic pancreatitis, muscle mass gaining and obesity. Change in acidic to alkaline conditions in the gastrointestinal tract, affect the efficacy of digestive enzymes. Hence, to facilitate enzyme effectiveness, digestive enzyme supplements are accessible in the market in various formulations to adapt to the change in pH conditions.The availability of digestive enzymes is in several forms like pills, capsules, powders or liquids, and are of various types including Amylase, Lactase, Lipase, Maltase, Protease and Sucrase. Supplementation of enzymes play an anchoring role in management of digestive disorders, from cystic fibrosis to lactose intolerance.
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Market scope and structure analysis:-
- Market size available for years:- 2019–2027
- Forecast period:- 2020–2027
- Segments covered:- Origin, Enzyme type, Applications and Region
- Regions covered:- North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis:-
Numerous factors such as sedentary lifestyles, desk-bound jobs with hectic work schedules, high consumption of fast food along with packaged food often results in digestive problems. Growing demand for these products in the wake of fitness conscious population is anticipated aid in market expansion over coming years. In addition, surging number of fitness centers and gymnasiums has also increased the demand for dietary supplements and the rising awareness regarding nutraceuticals and its benefits, increasing awareness about GI health, and focus on preventive disease management is also contributing in the growth of digestive enzymes market. Digestive enzymes owing to their various advantages, aid in the treatment of pancreatic disorders and gastrointestinal diseases. Moreover, rising awareness towards pancreatic surgeries, easy accessibility to over-the-counter drugs will likely augment market growth over the upcoming years.
However, lack of knowledge about appropriate dosage amounts, the presence of substitutes for digestive enzyme supplements, usage of prebiotics and probiotics over digestive enzymes acts as deterrents restricting the growth of the market. Furthermore, the restrictions imposed in countries including the U.S., Canada, Australia, and the UK against animal killing and various NGOs raising concerns over animal derived digestive enzyme supplements is expected to impact animal based products negatively with causing hindrances in the market growth.
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Rise in geriatric population to fuel the growth:-
Rising geriatric population, increasing incidences of gastrointestinal and pancreatic disorders creating a patient pool, availability of affordable OTC drugs are the factors contributing to the market growth.
The rising birthrate, advancements in the medical field and reduction in the cost of treatments along with use of various multi-faceted therapies against number of chronic diseases has increased the life expectancy has led to the global population is aging rapidly. GI tract obstructions are often observed in the aging population resulting into the surge in the demand for the management of gastrointestinal disorders. As per the report, ‘World Ageing Population, 2019’ the older population, i.e., people belonging to age group 65 and above accounted for approximately 702.9 million cases of GI disorders all around the world and it is expected to hit 1500 million mark. As the production and secretion of digestive enzymes decreases with rising age, which makes it crucial to consume digestive enzyme supplements in order to make up for the deficit of secreted digestive enzymes. Failing to meet the requirements of adequate amount of digestive enzymes would lead to health concerns including high levels of gastric discomfort, stomach upsets, improper digestion, reduced food consumption, and many more. Therefore, increasing geriatric population would contribute to rise in the market for digestive enzymes.
Digestive Enzymes Market Competitive Analysis:-
Allergan PLC, Abbvie Inc., Amway Corporation, Country Life LLC., National Enzyme Company, Garden Of Life Inc., Biotics Research Corporation, Matsun Nutrition, Metagenics, Inc., and Abbott Nutrition, Provided in this report. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
COVID – 19 scenario analysis: -
- The COVID-19 pandemic has emerged as a humanitarian as well as economic crisis, creating strain on the society and affecting millions of people and businesses.
- Industry closures and people are asked to stay in their homes which has cause taken a huge toll in terms of money and economic growth.
- Over 4 million people affected globally, with 300 thousand losing their lives due to novel coronavirus
Healthcare organizations are already working in battle mode, preparing new plans to respond growing COVID-19 patients, right from sourcing rapid diagnosing kits to sufficient PPE kits for workers
-Due to diversion of medical field towards treating COVID-19, the funding to R&D activities related to chondroitin sulfate has been reduced and this segment have to face negligence subsequently causing negative impact on digestive enzymes market.
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