Global Digestive Health Enzymes, Prebiotics & Probiotics Market, By Extraction Source (Plant, Animal, Enzymes), Application (Medical & Infant Nutrition, Sports Nutrition, Research Labs, Biodefense, Food & Beverages Industry), Distribution Channel (Retail stores, Online stores), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Digestive Health Enzymes, Prebiotics & Probiotics Market
The Global Digestive Health Enzymes, Prebiotics & Probiotics Market is expected to reach growing at a healthy CAGR during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Digestive Health Enzymes, Prebiotics & Probiotics Market
Digestive health enzymes, prebiotics & probiotics are the enzymes that are needed for every chemical reaction that takes place in our body. They act as catalyst that accelerates the timing of the reaction in our body. These enzymes are termed as small proteins which are responsible for breaking food into specific nutrients. Probiotics are beneficial living microorganisms that exist in the digestive tract along with some foods and supplements. Due to increase in the pancreatic and gastrointestinal diseases, the demand for health enzymes, prebiotics & probiotics is increasing globally. Moreover due to increasing prevalence of intestinal diseases along with pancreatic surgery, awareness among people about prebiotics and probiotics and availability of various formulations are expected to boost the growth of the market in the near future. According to an article published recently by the U.S. Department of Health and Human Services, the number of patients that were diagnosed with digestive disease was around 13.5 million in the year 2016. Hence due to increase in health enzymes, prebiotics & probiotics are increasing globally. Moreover increasing prevalence of intestinal diseases the use of digestive health enzymes, prebiotics & probiotics is also increasing which is also helping in the growth of the market.
- Rising demand for digestive health enzymes, prebiotics & probiotics for nutrition products
- Protein deficit among the population
- Consumer awareness about the benefits of following a healthy diet
- High R&D costs
- Contamination of food due to inappropriate packaging and availability
Segmentation: Global Digestive Health Enzymes, Prebiotics & Probiotics Market
By Extraction Source
- Medical & Infant Nutrition
- Sports Nutrition
- Research Labs
- Food & Beverages Industry
By Distribution Channel
- Retail stores
- Online stores
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- South America
- Rest of south America
- Middle East & Africa
- Saudi Africa
- Rest of MEA
Competitive Landscape: Global Digestive Health Enzymes, Prebiotics & Probiotics Market
The global digestive health enzymes, prebiotics & probiotics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of digestive health enzymes, prebiotics & probiotics market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In March 2018, GlaxoSmithKline Plc (U.K.) which is one of the major key player had signed an agreement with Novartis to acquire full ownership of consumer healthcare business. It is USD 13.00 billion venture. This will increase focus of the company on science-based innovation and improved operational efficiencies, The Company is well positioned to deliver sales growth, operating margin improvements and attractive returns.
Key Market Competitors: Global Digestive Health Enzymes, Prebiotics & Probiotics Market
The key players operating in the global digestive health enzymes, prebiotics & probiotics market are –
- GTC Nutrition
- Amano Enzyme, Inc
- Specialty Enzymes and & Biochemicals CO
- National Enzyme Co
The other players in the market are GlaxoSmithKline Plc., Amway Corp., Nebraska Cultures, Inc., Pfizer Inc., Cargill Inc., Abbott Laboratories, Yakult Honsha Co.Ltd., Dabur India Limited, Nestle S.A, and Douglas Laboratories Canada Inc and many more.
Research Methodology: Global Digestive Health Enzymes, Prebiotics & Probiotics Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global digestive health enzymes, prebiotics & probiotics market
- Analyze and forecast the digestive health enzymes, prebiotics & probiotics market on the basis of extraction source, application, and distribution channel.
- Trends of key regional and country-level markets for extraction source, application, and distribution channel.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis