Market Trends of Global Digestive Enzymes Industry
This section covers the major market trends shaping the Digestive Enzymes Market according to our research experts:
Animal Origin Enzymes Segment is Expected to Witness Growth Over the Forecast Period
The animal-origin digestive enzyme segment holds a significant market share in the origin segment and is expected to continue the same trend over the forecast period. The animal origin digestive enzymes are usually extracted from the pancreas of the swine, calf, or hogs. Pancreatin, Trypsin, Chymotrypsin, and Trypsin-Chymotrypsin mixture are some of the common animal-derived digestive enzymes. Pancreatin is a digestive enzyme produced by the pancreas and delivered to the small intestine for the hydrolysis of complex nutrients. Trypsin is a proteolytic enzyme crystallized from an extract of the pancreas gland of the ox. Chymotrypsin is a proteolytic enzyme crystallized from an extract of the pancreas gland of the ox. Trypsin-Chymotrypsin Mixture is a blend containing trypsin and chymotrypsin in different rations
Increasing cases of gastrointestinal disorders across the globe is one of the major drivers contributing to the segment growth. For instance, as per the study titled, "Worldwide Prevalence and Burden of Functional Gastrointestinal Disorders, Results of Rome Foundation Global Study" published in January 2021, more than 40.0% of persons globally have functional gastrointestinal disorders which affect quality of life and health care use. The animal derived digestive enzymes are considered as one of the effective treatments for such conditions therefore, increasing cases of gastrointestinal disorders is anticipated to positively impact the segment growth. Furthermore, many key players are involved in various growth strategies, such as collaborations, partnerships, agreements, and mergers and acquisitions that are expected to drive the market. In May 2020, Nestlé Health Science (NHSc) announced the successful completion of the asset purchase of Zenpep and Viokace, expanding NHSc's portfolio. ZENPEP and VIOKACE, available in the United States, are a combination of porcine-derived lipases, proteases, and amylases indicated for the treatment of exocrine pancreatic insufficiency. Thus, owing to the aforementioned factors, the animal origin segment is expected to witness significant growth over the forecast period.
North America is Expected to Dominate the Digestive Enzymes Market Over the Forecast Period
North America is expected to dominate the overall digestive enzymes market, over the forecast period. The growth is due to factors such as the rising cases of gastrointestinal disorders and the increasing geriatric population. For instance, according to the report published by the United Health Foundation in April 2021, more than 54.0 million adults ages 65 and older live in the United States in 2021 which is accounting for about 16.5% of the nation's population. The geriatric population is prone to gastrointestinal disorders owing to which positively impacts the market. For instance, according to the study titled, "Common Gastroenterology Disorders in the Elderly" published in February 2021, elderly patients experience increased rates of esophageal and gastric disorders, with a higher incidence of motility abnormalities, gastroesophageal reflux, reflux complications, gastric ulcers, and GI bleeding. Therefore, such instances are anticipated to propel market growth in this region.
Key product launches, increasing research work, high concentration of market players or manufacturer's presence, and acquisition & partnerships among major players in the United States are some of the factors driving the growth of the digestive enzyme market in the country. For instance, In March 2020, Klaire Labs launched Ther-biotic Synbiotic, the next-evolution, shelf-stable combination of prebiotic and probiotics strains, in the United States. Such instances are anticipated to drive the growth of the market in the country.
Therefore, owing to the aforesaid factors the growth of the studied market is anticipated in the North America Region.
