Skip to main content

Digestive Enzyme Supplements Market Revenue to Decline During Coronavirus Disruption, Stakeholders to Realign Their Growth Strategies

Advancements in diagnostic methods increases the patient pool for digestion related health issues. When paired with the increasing healthcare expenditure by consumers, these factors propel the demand for digestive enzyme supplements.
Consumers inclination towards preventive care, and digestive changes increase the demand for enzyme supplements. On this favorable backdrop, the global digestive enzyme supplements market will grow at a strong 6% CAGR during the forecast period (2019-2029). Health conscious consumers are adopting digestive supplements that help maintain their digestive system. Digestive enzyme supplements work towards strengthening the digestive system and promoting good health.
Digestive Enzyme Supplements Market - Key Takeaways
  • In 2019, the approximate value of the global digestive enzyme supplements market was pegged at US$ 1022 Million.
  • Asia Pacific will be the highest-growth region through 2029, currently accounting for the second largest market value share.
  • Animal origin holds the majority market value share of digestive enzyme supplements.
  • Microbial enzymes exhibit the highest growth among all origin segments.
Digestive Enzyme Supplements Market - Key Driving Factors
  • Prevalence of ingestion, and heartburn among consumers are prime drivers of growth in the market.
  • Unhealthy and hectic lifestyle of working professionals contributes a considerable share of market growth.
  • Consumer awareness regarding benefits of nutritional supplements also drives demand for digestive enzyme supplements.
  • Increasing geriatric population in North America will continue to present financially rewarding opportunities in this region.
Digestive Enzyme Supplements Market - Key Constraint
  • Rigorous laws and government approval procedures create a barrier for product innovation among digestive enzyme supplement manufacturers.
COVID-19 Impact on Digestive Enzyme Supplements Market
Novel coronavirus has held adverse effects for every industry. Amidst ubiquitous lockdowns across countries, manufacturers of digestive enzyme supplements are surviving on cash reserves. Same is the case with every stakeholder in the value chain. From raw material vendors to healthcare professionals that prescribe digestive enzyme supplements. As the world deals with the Covid-19 Pandemic, Q1 and Q2 of the financial year 2020 presents tough challenges. Government relief measures to curb financial losses and prevent further disruption of markets may come to the aid of digestive supplement manufacturers. However, talks about resuming ecommerce practices will provide definite sustainable opportunities for market players.
Following trends after Covid-19 will greatly influence financial recovery for digestive health supplement manufacturers. Consumer trends such as social distancing will continue to bolster ecommerce sales. The resultant emphasis on good health due to the pandemic will increase patient pool across customer segments. Consumer adoption of preventive care is expected to become a major driver for digestive supplements market post Covid-19.
Competitive Landscape
Research and development of products that cater to both, regulatory requirements and consumer trends is a popular differentiating strategy adopted by major players. Marketing products based on approvals from statutory bodies such as FDA attracts, engages, and generates revenue. Key market players that may influence the competitive landscape are, but not limited to, National Enzyme Company, Danone Nutricia, Klaire Labs, ProteoZymes, Metagenics, Douglas Labs, Amway, Enzymedica Inc., Xymogen Inc. and Integrative Therapeutics.
Explore Extensive Coverage of FMI's Healthcare, Pharmaceuticals, and Medical Devices Landscape
Technical Enzymes Market: Find in-depth insights on the global technical enzymes market with exhaustive segment-wide analysis, market statistics, key influencing factors, prominent players and critical developmental strategies adopted by them for a 10-year forecast period.
Herbal Supplements Market: FMI's report on the global herbal supplements market offers a comprehensive commentary on the market poised for prolific growth during 2020-2030. The study covers comprehensive evaluation of key impacting forces, revenue sources, and market leaders in addition to essential market strategies.
Press-Release Source – https://www.accesswire.com/586326/Preventive-Care-Approach-Bodes-Well-for-Digestive-Enzyme-Supplements-Market-Ecommerce-Key-to-Recovery-Post-COVID-19-Crisis-Future-Market-Insights
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
Contact:
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com

Comments

Post a Comment

Popular posts from this blog

Automotive Filters Market Share and Growth Factors Impact Analysis 2029

 The global automotive filters market is expected to experience significant growth over the forecast period, due to the increasing demand for advanced automotive systems and the rising demand for fuel-efficient and eco-friendly vehicles. Automotive filters are used to remove contaminants, such as dust, dirt, and debris, from the air, oil, and fuel in a vehicle. The market is segmented based on type, vehicle type, and region. Based on type, the market is divided into air filters, oil filters, fuel filters, and others. The air filter segment is expected to dominate the market, due to the increasing demand for advanced air filtration systems in vehicles. Based on vehicle type, the market is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment is expected to dominate the market, due to the increasing demand for passenger cars and the increasing adoption of advanced filtration systems in passenger cars. Geogr...
Post a Comment
Read more

Multilayer Ceramic Capacitor (MLCC) Market is Set to Experience Revolutionary Growth by 2032

 The Multilayer Ceramic Capacitor (MLCC) market has experienced remarkable growth over the past few years, driven by the increasing demand for electronic components in various industries. MLCCs are essential passive electronic components used extensively in electronic devices and equipment for their ability to store and discharge electrical energy quickly and efficiently. The market's growth is largely attributed to the rapid advancements in consumer electronics, automotive electronics, telecommunications, and industrial applications. The ever-expanding adoption of smartphones, tablets, wearable devices, and IoT technologies has created a surge in the demand for MLCCs, as they are essential for miniaturizing and enhancing the performance of these devices. Furthermore, the trend towards electric vehicles (EVs) and the growing adoption of advanced driver-assistance systems (ADAS) in automotive applications have significantly fueled the demand for MLCCs. These capacitor...
Post a Comment
Read more

Iris Biometrics Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Iris Biometrics Market stands as a testament to the ever-evolving landscape of biometric technology, offering a unique and highly secure method of identity verification and authentication. The iris, with its intricate and individualistic patterns, has captured the attention of both security experts and technology developers as a reliable means of confirming one's identity. This market has gained prominence across various industries, ranging from border control and law enforcement to access control systems in government institutions, corporate offices, and even consumer devices. The market's growth is fueled by the increasing need for robust identity verification solutions in a world where security breaches and identity theft are becoming more prevalent. Unlike traditional authentication methods such as passwords and PINs, iris biometrics offer a high level of security and accuracy, as the iris pattern is virtually impossible to replicate. The technology prov...
Post a Comment
Read more