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Digestive Enzymes-Global Market Insights and Sales Trends 2024
Synopsis
Digestive enzymes are a group of enzymes that break down polymeric macromolecules into their smaller building blocks, in order to facilitate their absorption by the body.
The global Digestive Enzymes market size is expected to reach US$ 711.3 million by 2029, growing at a CAGR of 7.4% from 2023 to 2029. The market is mainly driven by the significant applications of Digestive Enzymes in various end use industries. The expanding demands from the Retail Stores and Online Stores, are propelling Digestive Enzymes market. Plant, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Animal segment is estimated at % CAGR for the next seven-year period.
According to the Global Use of Medicines 2023 released by IQVIA Institute, the global drug expenditure in 2022 was about US$1.48 trillion (excluding COVID vaccine and treatment-related expenses), and it is predicted to grow at a rate of 3%-6% in the next few years. In terms of drug expenditure, this number in China was about 166 billion dollars in 2022. It is expected that the expenditure on medicines will increase in the next few years. From the perspective of demand, the trend of population aging, the increase of residents’ wealth and the improvement of health awareness will drive the demand for medicines.
Global Use of Medicines 2023 shows that the U.S. market spent about US$ 62.9 billion on medicines in 2022 on a net ex-factory basis. Overall growth slows as the Inflation Reduction Act (IRA) spends US$64 billion to reduce prescription drug prices, and the adoption of new treatments is expected to increase over the next few years. Besides, ex-factory discounts and rebates in drug distribution, the impact of patent expiration, and generic or biosimilar competition will also affect the U.S. pharmaceutical market.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Digestive Enzymes, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Digestive Enzymes market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Digestive Enzymes market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Digestive Enzymes sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Digestive Enzymes covered in this report include Garden of Life, Country Life, Rainbow Light, Biotics Research, Metagenics, Abbott Nutrition, Matsun Nutrition, TwinLab and National Enzyme, etc.
The global Digestive Enzymes market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Garden of Life
Country Life
Rainbow Light
Biotics Research
Metagenics
Abbott Nutrition
Matsun Nutrition
TwinLab
National Enzyme
Global Digestive Enzymes market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Digestive Enzymes market, Segment by Type:
Plant
Animal
Microbial
Global Digestive Enzymes market, by Application
Retail Stores
Online Stores
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Digestive Enzymes manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Digestive Enzymes in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Digestive enzymes are a group of enzymes that break down polymeric macromolecules into their smaller building blocks, in order to facilitate their absorption by the body.
The global Digestive Enzymes market size is expected to reach US$ 711.3 million by 2029, growing at a CAGR of 7.4% from 2023 to 2029. The market is mainly driven by the significant applications of Digestive Enzymes in various end use industries. The expanding demands from the Retail Stores and Online Stores, are propelling Digestive Enzymes market. Plant, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Animal segment is estimated at % CAGR for the next seven-year period.
According to the Global Use of Medicines 2023 released by IQVIA Institute, the global drug expenditure in 2022 was about US$1.48 trillion (excluding COVID vaccine and treatment-related expenses), and it is predicted to grow at a rate of 3%-6% in the next few years. In terms of drug expenditure, this number in China was about 166 billion dollars in 2022. It is expected that the expenditure on medicines will increase in the next few years. From the perspective of demand, the trend of population aging, the increase of residents’ wealth and the improvement of health awareness will drive the demand for medicines.
Global Use of Medicines 2023 shows that the U.S. market spent about US$ 62.9 billion on medicines in 2022 on a net ex-factory basis. Overall growth slows as the Inflation Reduction Act (IRA) spends US$64 billion to reduce prescription drug prices, and the adoption of new treatments is expected to increase over the next few years. Besides, ex-factory discounts and rebates in drug distribution, the impact of patent expiration, and generic or biosimilar competition will also affect the U.S. pharmaceutical market.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Digestive Enzymes, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Digestive Enzymes market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Digestive Enzymes market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Digestive Enzymes sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Digestive Enzymes covered in this report include Garden of Life, Country Life, Rainbow Light, Biotics Research, Metagenics, Abbott Nutrition, Matsun Nutrition, TwinLab and National Enzyme, etc.
The global Digestive Enzymes market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Garden of Life
Country Life
Rainbow Light
Biotics Research
Metagenics
Abbott Nutrition
Matsun Nutrition
TwinLab
National Enzyme
Global Digestive Enzymes market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Digestive Enzymes market, Segment by Type:
Plant
Animal
Microbial
Global Digestive Enzymes market, by Application
Retail Stores
Online Stores
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Digestive Enzymes manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Digestive Enzymes in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Digestive Enzymes Market Overview
1.1 Digestive Enzymes Product Overview
1.2 Digestive Enzymes Market Segment by Type
1.2.1 Plant
1.2.2 Animal
1.2.3 Microbial
1.3 Global Digestive Enzymes Market Size by Type
1.3.1 Global Digestive Enzymes Market Size Overview by Type (2018-2029)
1.3.2 Global Digestive Enzymes Historic Market Size Review by Type (2018-2023)
1.3.3 Global Digestive Enzymes Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Digestive Enzymes Sales Breakdown by Type (2018-2023)
1.4.2 Europe Digestive Enzymes Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Digestive Enzymes Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Digestive Enzymes Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Digestive Enzymes Sales Breakdown by Type (2018-2023)
2 Global Digestive Enzymes Market Competition by Company
2.1 Global Top Players by Digestive Enzymes Sales (2018-2023)
2.2 Global Top Players by Digestive Enzymes Revenue (2018-2023)
2.3 Global Top Players by Digestive Enzymes Price (2018-2023)
2.4 Global Top Manufacturers Digestive Enzymes Manufacturing Base Distribution, Sales Area, Product Type
2.5 Digestive Enzymes Market Competitive Situation and Trends
2.5.1 Digestive Enzymes Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Digestive Enzymes Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Digestive Enzymes as of 2022)
2.7 Date of Key Manufacturers Enter into Digestive Enzymes Market
2.8 Key Manufacturers Digestive Enzymes Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Digestive Enzymes Status and Outlook by Region
3.1 Global Digestive Enzymes Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Digestive Enzymes Historic Market Size by Region
3.2.1 Global Digestive Enzymes Sales in Volume by Region (2018-2023)
3.2.2 Global Digestive Enzymes Sales in Value by Region (2018-2023)
3.2.3 Global Digestive Enzymes Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Digestive Enzymes Forecasted Market Size by Region
3.3.1 Global Digestive Enzymes Sales in Volume by Region (2024-2029)
3.3.2 Global Digestive Enzymes Sales in Value by Region (2024-2029)
3.3.3 Global Digestive Enzymes Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Digestive Enzymes by Application
4.1 Digestive Enzymes Market Segment by Application
4.1.1 Retail Stores
4.1.2 Online Stores
4.2 Global Digestive Enzymes Market Size by Application
4.2.1 Global Digestive Enzymes Market Size Overview by Application (2018-2029)
4.2.2 Global Digestive Enzymes Historic Market Size Review by Application (2018-2023)
4.2.3 Global Digestive Enzymes Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Digestive Enzymes Sales Breakdown by Application (2018-2023)
4.3.2 Europe Digestive Enzymes Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Digestive Enzymes Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Digestive Enzymes Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Digestive Enzymes Sales Breakdown by Application (2018-2023)
5 North America Digestive Enzymes by Country
5.1 North America Digestive Enzymes Historic Market Size by Country
5.1.1 North America Digestive Enzymes Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Digestive Enzymes Sales in Volume by Country (2018-2023)
5.1.3 North America Digestive Enzymes Sales in Value by Country (2018-2023)
5.2 North America Digestive Enzymes Forecasted Market Size by Country
5.2.1 North America Digestive Enzymes Sales in Volume by Country (2024-2029)
5.2.2 North America Digestive Enzymes Sales in Value by Country (2024-2029)
6 Europe Digestive Enzymes by Country
6.1 Europe Digestive Enzymes Historic Market Size by Country
6.1.1 Europe Digestive Enzymes Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Digestive Enzymes Sales in Volume by Country (2018-2023)
6.1.3 Europe Digestive Enzymes Sales in Value by Country (2018-2023)
6.2 Europe Digestive Enzymes Forecasted Market Size by Country
6.2.1 Europe Digestive Enzymes Sales in Volume by Country (2024-2029)
6.2.2 Europe Digestive Enzymes Sales in Value by Country (2024-2029)
7 Asia-Pacific Digestive Enzymes by Region
7.1 Asia-Pacific Digestive Enzymes Historic Market Size by Region
7.1.1 Asia-Pacific Digestive Enzymes Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Digestive Enzymes Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Digestive Enzymes Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Digestive Enzymes Forecasted Market Size by Region
7.2.1 Asia-Pacific Digestive Enzymes Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Digestive Enzymes Sales in Value by Region (2024-2029)
8 Latin America Digestive Enzymes by Country
8.1 Latin America Digestive Enzymes Historic Market Size by Country
8.1.1 Latin America Digestive Enzymes Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Digestive Enzymes Sales in Volume by Country (2018-2023)
8.1.3 Latin America Digestive Enzymes Sales in Value by Country (2018-2023)
8.2 Latin America Digestive Enzymes Forecasted Market Size by Country
8.2.1 Latin America Digestive Enzymes Sales in Volume by Country (2024-2029)
8.2.2 Latin America Digestive Enzymes Sales in Value by Country (2024-2029)
9 Middle East and Africa Digestive Enzymes by Country
9.1 Middle East and Africa Digestive Enzymes Historic Market Size by Country
9.1.1 Middle East and Africa Digestive Enzymes Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Digestive Enzymes Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Digestive Enzymes Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Digestive Enzymes Forecasted Market Size by Country
9.2.1 Middle East and Africa Digestive Enzymes Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Digestive Enzymes Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Garden of Life
10.1.1 Garden of Life Company Information
10.1.2 Garden of Life Introduction and Business Overview
10.1.3 Garden of Life Digestive Enzymes Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Garden of Life Digestive Enzymes Products Offered
10.1.5 Garden of Life Recent Development
10.2 Country Life
10.2.1 Country Life Company Information
10.2.2 Country Life Introduction and Business Overview
10.2.3 Country Life Digestive Enzymes Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Country Life Digestive Enzymes Products Offered
10.2.5 Country Life Recent Development
10.3 Rainbow Light
10.3.1 Rainbow Light Company Information
10.3.2 Rainbow Light Introduction and Business Overview
10.3.3 Rainbow Light Digestive Enzymes Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Rainbow Light Digestive Enzymes Products Offered
10.3.5 Rainbow Light Recent Development
10.4 Biotics Research
10.4.1 Biotics Research Company Information
10.4.2 Biotics Research Introduction and Business Overview
10.4.3 Biotics Research Digestive Enzymes Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Biotics Research Digestive Enzymes Products Offered
10.4.5 Biotics Research Recent Development
10.5 Metagenics
10.5.1 Metagenics Company Information
10.5.2 Metagenics Introduction and Business Overview
10.5.3 Metagenics Digestive Enzymes Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Metagenics Digestive Enzymes Products Offered
10.5.5 Metagenics Recent Development
10.6 Abbott Nutrition
10.6.1 Abbott Nutrition Company Information
10.6.2 Abbott Nutrition Introduction and Business Overview
10.6.3 Abbott Nutrition Digestive Enzymes Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Abbott Nutrition Digestive Enzymes Products Offered
10.6.5 Abbott Nutrition Recent Development
10.7 Matsun Nutrition
10.7.1 Matsun Nutrition Company Information
10.7.2 Matsun Nutrition Introduction and Business Overview
10.7.3 Matsun Nutrition Digestive Enzymes Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Matsun Nutrition Digestive Enzymes Products Offered
10.7.5 Matsun Nutrition Recent Development
10.8 TwinLab
10.8.1 TwinLab Company Information
10.8.2 TwinLab Introduction and Business Overview
10.8.3 TwinLab Digestive Enzymes Sales, Revenue and Gross Margin (2018-2023)
10.8.4 TwinLab Digestive Enzymes Products Offered
10.8.5 TwinLab Recent Development
10.9 National Enzyme
10.9.1 National Enzyme Company Information
10.9.2 National Enzyme Introduction and Business Overview
10.9.3 National Enzyme Digestive Enzymes Sales, Revenue and Gross Margin (2018-2023)
10.9.4 National Enzyme Digestive Enzymes Products Offered
10.9.5 National Enzyme Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Digestive Enzymes Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Digestive Enzymes Industrial Chain Analysis
11.4 Digestive Enzymes Market Dynamics
11.4.1 Digestive Enzymes Industry Trends
11.4.2 Digestive Enzymes Market Drivers
11.4.3 Digestive Enzymes Market Challenges
11.4.4 Digestive Enzymes Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Digestive Enzymes Distributors
12.3 Digestive Enzymes Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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