DIGESTIVE ENZYME MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Digestive Enzyme Market Size and Trends

The Digestive Enzyme Market size is expected to reach US$ 1,354.2 Mn by 2030, from US$ 715.1 Mn in 2023, exhibiting a compound annual growth rate (CAGR) of 9.5% during the forecast period. Digestive enzymes are proteins that help to break down food substances like fats, proteins and carbohydrates into smaller molecules that can be absorbed by the body. They play a vital role in ensuring proper digestion and nutrient absorption. Rising health consciousness and growing awareness regarding gut health are driving the demand for digestive enzyme supplements and products.

The digestive enzyme market is segmented into source, application, type, form, distribution channel, and region. By source, the microbial enzymes segment is expected to grow at the highest CAGR during the forecast period. Microbial enzymes are gaining traction due to their high stability and productivity as compared to plant and animal based enzymes.

Market Trends:

• Increasing investments and strategic partnerships: Leading manufacturers are extensively investing in research and development (R&D) activities focused on enzyme modification, novel delivery systems, expanded applications, to introduce innovative products catering to evolving consumer needs. A range of partnerships between pharmaceutical and nutraceutical companies are being witnessed to leverage combined expertise for new product development and expand commercialization opportunities. For instance, on October 4, 2023, ATUM, a global specialist and industry leader in bioengineering solutions, announced an expanded partnership with Anagram Therapeutics Inc., a clinical-stage biopharmaceutical company, to develop orally delivered enzyme therapies for malabsorption and nutrient metabolism disorders. These strategic investments and partnerships are paving the way for market expansion.
• Rising demand for transparency and product personalization: Customers are increasingly seeking transparency regarding source, processing, quality, efficacy at the time of purchasing wellness supplements like digestive enzymes. To cater to this, manufacturers are providing extensive product information through digital platforms. For instance, Biotics Research Corporation, a nutrition company, has various digestive enzyme products for which detailed information is available on the website. Custom enzyme supplements that are based on individual symptoms and needs are gaining traction. Market players are providing questionnaires, expert consultations to create personalized enzyme formulations. These measures augment consumer trust and present growth scope.