Launch of digestive enzyme supplements industry in different varieties: The tablets and capsules segment dominated the market in 2018 and is expected to remain dominant during the forecast period. However, the global market is expected to emerge lucrative for several vendors due to the launch of new supplement formats such as gummies, granules, and soft chews. The surging demand for gummies and chewable supplements is expected to offer profitable growth opportunities to the market players and boost the sales of chewable digestive enzyme supplements.
Growth of e-commerce platforms: While store-based distribution channels dominated the market for digestive enzyme supplements in 2018, the growth of e-commerce platforms is expected to result in the non-store-based distribution channel segment registering the higher CAGR. This growth can be attributed to the convenience of home shopping and delivery offered by e-commerce platforms. Manufacturers of digestive enzyme supplements industry have adopted this sales channel by offering their products through their websites and established e-commerce portals.
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Enzymes, Inc. (US)
Advanced Enzyme Technologies (India)
Klaire Laboratories (US)
Amano Enzyme Inc. (Japan)
Vox Nutrition (US)
National Enzyme Company (US)
Douglas Laboratories (US)
Metagenics, Inc. (US)
Danone India (Nutricia) (India)
Integrative Therapeutics (US)
The Global Digestive Enzyme Supplements Industry is expected to cross USD 1.08 Billion by 2024 at a CAGR of 6.5% during the forecast period of 2019 to 2025. In the current market scenario, digestive enzyme supplements industry are predominantly sourced from various animals and plants. However, with continuous technological innovation, market players are looking at microbial sources. Microbial sources offer high enzyme production rates and ease of genetic engineering, owing to which the microbial source segment is expected to register the highest growth rate in the coming years. To grow in this perfect competition market, manufacturers of digestive enzyme supplements are catering to the rising demand for probiotics and prebiotics by launching supplements incorporated with probiotic and prebiotic ingredients.
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