The global digestive enzymes market is expected to grow from USD 925.8 million in 2022 to USD 1,570.4 million by 2028, at a CAGR of 9.2% during the forecast period.

Key Trends

The market is primarily driven by the growing prevalence of digestive disorders, which is attributed to factors such as desk-bound jobs with hectic work schedules, sedentary lifestyles, increasing consumption of fast food, and high demand for packaged food.

Another key trend driving the market growth is the rising demand for digestive enzymes among the fitness-conscious population. Digestive enzymes help to break down food and improve nutrient absorption, which is essential for muscle growth and recovery.

Additionally, the growing number of fitness centers and gymnasiums has also surged the demand for dietary supplements, including digestive enzymes.

Regional Trends

North America accounted for the highest share in the global digestive enzymes market in 2022. The market growth in this region is mainly attributed to the rising awareness regarding digestive issues and the high consumption of probiotics through dietary supplement products.

Asia Pacific is expected to grow at the fastest CAGR during the forecast period. The market growth in this region is attributed to the increasing prevalence of digestive disorders owing to expanding geriatric population, changing lifestyle habits, and rising R&D activities to produce more advanced digestive enzyme supplements.

Impact of COVID-19

The COVID-19 pandemic had a moderate impact on the digestive enzymes market. The diversion of the medical field in treating COVID-19 patients led to reduced funding for R&D activities related to digestive enzymes. Additionally, the various restrictions on the production and transportation of products had a negative impact on the market.

However, the pandemic is expected to have a rather positive impact on the market share of digestive enzymes in the long term. This is due to the increased awareness regarding the importance of digestive health and the rising demand for immunity-boosting supplements.

Key Strategies Adopted by Major Vendors

The major vendors in the digestive enzymes market are adopting various strategies to maintain their competitive edge, such as:

• Expanding product portfolio: The major vendors are expanding their product portfolio to include digestive enzymes that cater to specific needs, such as lactose intolerance, gluten intolerance, and IBS.
• Investing in R&D: The major vendors are investing heavily in R&D to develop more advanced and effective digestive enzyme supplements.
• Partnering with other players: The major vendors are partnering with other players in the supply chain to ensure a smooth supply of raw materials and finished products.
• Acquiring smaller players: The major vendors are acquiring smaller players in the market to expand their reach and market share.

Conclusion

The digestive enzymes market is expected to witness robust growth in the coming years, driven by the increasing prevalence of digestive disorders, the rising demand for digestive enzymes among the fitness-conscious population, and the growing awareness regarding the importance of digestive health.