By Becky Wright, Contributing Writer10.07.19
The enzyme market has been a pillar of strength for dietary supplements during the last couple decades, mainly as a result of their importance in digestive health. And while the U.S. is currently the largest market, other areas of the globe will fight for that title for the next several years.
No Place to Go But Up
The market for digestive enzymes is alive and well, according to Sam Michini, vice president of marketing & strategy, Deerland Probiotics & Enzymes, who said the U.S. dominates sales in North America.
“The U.S. is driving the worldwide market for digestive enzymes, which has been estimated at approximately $928 million, a number that is expected to expand greatly to reach $1.6 billion by 2025. The U.S. currently captures approximately 90% of the North American enzyme revenue,” he said.
However, Michini has also observed a surge in global demand for digestive enzyme products. “Many smaller countries across Asia, South America, and Africa have begun to adopt digestive enzyme technologies and many of these markets require cost-e
No Place to Go But Up
The market for digestive enzymes is alive and well, according to Sam Michini, vice president of marketing & strategy, Deerland Probiotics & Enzymes, who said the U.S. dominates sales in North America.
“The U.S. is driving the worldwide market for digestive enzymes, which has been estimated at approximately $928 million, a number that is expected to expand greatly to reach $1.6 billion by 2025. The U.S. currently captures approximately 90% of the North American enzyme revenue,” he said.
However, Michini has also observed a surge in global demand for digestive enzyme products. “Many smaller countries across Asia, South America, and Africa have begun to adopt digestive enzyme technologies and many of these markets require cost-e
Continue reading this story and get 24/7 access to Nutraceuticals World for FREE
FREE SUBSCRIPTION
