The global digestive enzymes market was valued at USD xx million in 2018 and is expected to reach at USD xx million by 2026 at a CAGR of xx% over forecast period.
Global Digestive Enzymes Market by Origin (Plant, Animal, Microbial, Others), By Distribution Channel (Retail Stores, Online Stores), by types (Carbohydrates, Lipase, Protease, Other), by Application Indigestion, Chronic Pancreatitis, Irritable Bowel syndrome, Other Applications), by Region (North America, APAC, Europe, Latin America, MEA& Africa).
The number of older people is estimated to increase by nearly 60% in the next 15 years, and by 2030. The secretion of digestive enzymes usually decreases with age, which contributes to high levels of gastric discomfort, lower digestion rates, reduced food consumption, or a variety of other GI disorders. Therefore, with the increasing geriatric population, the market for digestive enzymes is expected to increase over the forecast period.
By application Medical and infant nutrition segment is expected to dominate the market over forecast period due to increasing number of patients suffering with gastrointestinal disorders, rising demand for probiotics and prebiotics as they help in building immunity and aid digestion.
The global digestive enzymes market is highly competitive owing to the presence of various large and small scale manufacturers. Key players including Klaire Labs, National Enzyme Company, ProteoZymes, Metagenics, and Douglas Labs are focusing on increasing their industry share along with profitability through product innovation and empowering their R&D activities. Companies are increasing expenditure for the establishment of strategic partnerships with retail chain companies.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global digestive enzymes market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global solid state transformer market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global digestive enzymes market positioning of competitors.
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