Digestive Remedies Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
The global Digestive Remedies Market is poised for substantial growth, with a projected valuation of US$ 27 Billion by the end of the forecast period, expanding at a steady CAGR of approximately 5.0%. In 2024, the market is estimated to be valued at US$ 19.5 Billion.
Key Trends Shaping the Digestive Remedies Market
• Online Retail Channels on the Rise: The advent of online pharmacies is revolutionizing the digestive remedies market. Easy access to the internet has led to an increase in self-medication, with consumers seeking health solutions online. The demand for digestive remedies has surged, driven by a growing interest in clean-label products.
• Shift Towards Healthy Living and Natural Remedies: Consumers are increasingly focusing on healthy living, natural digestive remedies, and mental health. Products like probiotics and prebiotics, integrated into food items, have gained significant market share, especially in Europe, Asia, and the United States.
• Rising Awareness of Digestive Disorders: Awareness campaigns by companies such as Yakult are raising consumer awareness of probiotic products, driving the demand for digestive remedies. Growing dairy consumption in emerging economies is also fueling the demand for value-added dairy products.
• Pre & Probiotics in Focus: The debate between probiotics and prebiotics for improving digestive health has led to increased interest in both. Combining probiotics and prebiotics is seen as an effective approach to enhancing digestive health, and market players are investing in research and development to improve the efficacy of these products.
Country-Wise Insights
• South Asia & Pacific Region: The South Asia & Pacific region is expected to witness substantial growth in the global digestive remedies market in 2024. Factors contributing to this growth include the increasing incidence of gastrointestinal diseases, an aging and obese population, and a demand for preventive medicine.
Category-Wise Insights
• Online Retail Segment: The online retail segment is expected to experience high growth during the forecast period. Online channels offer convenience and cost-effectiveness for purchasing digestive remedies, with app-based sellers further propelling segment growth.
Competitive Analysis
The global digestive remedies market features a highly competitive landscape, with both large and small manufacturers actively participating. Leading companies such as Bayer Healthcare, Johnson & Johnson, GlaxoSmithKline Plc, Procter & Gamble Co, Sanofi, Abbott Laboratories Inc., and Reckitt Benckiser Group Plc (RB) are engaging in partnerships, collaborations, and innovative marketing strategies to gain a competitive edge.
Investments at various stages of product development are driving awareness of the health benefits of digestive remedies, with successful clinical trial results being shared with target customers.
Key Companies Profiled:
• Johnson & Johnson, Inc.
• Bayer AG
• Sanofi
• Procter & Gamble Co.
• Jiangzhong Pharmaceutical Co Ltd
• Abbott Laboratories Inc.
• Reckitt Benckiser Group Plc (RB)
• Takeda Pharmaceutical Co Ltd.
• Pfizer
• GlaxoSmithKline Plc
• Menarini Group
• Taisho Pharmaceutical Holdings Co Ltd.
• Purdue Pharma LP
• Others (Available on Request)
Digestive Remedies Industry Research by Category
By Product Type:
• Capsules
• Liquid/Drinkable
• Powder
• Gels
• Others(Pills, Tablet, Gummy)
By Nature:
• Organic
• Conventional
By Source:
• Prebiotic
• Probiotic
• Food Enzymes
By Sales Channel:
• Pharmaceutical & Drug Store
• Hypermarket/Supermarket
• Convenience Store
• Direct Store
• Online Retail
• Other Retail Format
By Region:
• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• Middle East & Africa
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