Digestive Health Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Digestive Health Market
The Digestive Health market was valued at USD 37.93 billion in 2023, and the market is now projected to grow from USD 42.19 billion in 2024 to USD 71.95 billion by 2032, exhibiting a CAGR of 7.9% during the forecast period of 2024-2032.
In the global market for digestive health and many other commercial and non-commercial sectors, the effect of the pandemic was very devastating and gruesome. The stomach related wellbeing items seeing a positive request stun over all regions in the midst of the widespread. The slight decrease in CAGR than before COVID affect is inferable to this market's request and development, returning to pre-pandemic levels once the widespread is over. In spite of the calculated and other financial limitations confronted by the world due to the widespread, the request for intestine health items is anticipated to develop at a quick pace. With coronavirus rampaging over the globe, the key market players made beyond any doubt to convey great wellbeing to individuals without obstacle enriching the digestive health market growth.
The utilize of probiotics as a dietary supplement has ended up another way to control and treat contaminations in this advanced time. The probiotics act as useful microscopic organisms to protect against the inconvenient microscopic organisms within the gastrointestinal tract and hence procure a positive wellbeing advantage. Probiotics and dietary supplements can act as substitutes for pharmaceutical arrangements as they offer assistance treat gastrointestinal conditions without any major side-effects. Thus, the developing notoriety of these items due to their secure and cost-effective properties will contribute altogether to the worldwide stomach related health items market development amid the figure period.
The pace of inquire about and advancement of stomach related wellbeing items has quickened in later times due to consumers' rising concern with respect to their intestine wellbeing. For occasion, agreeing to a large-scale multinational investigate ponder conducted in 2020, more than 40% of the individuals around the world have utilitarian gastrointestinal disarranges, influencing the quality of life and healthcare utilize. Hence, this leads to the developing request for characteristic and secure items among the individuals. And consequently, showcase players are contributing intensely to R&D for the advancement of novel items to cater to the ever-increasing request.
Comprehensive Analysis of Digestive Health Market
The types of ingredients in the digestive health market arena are being sectionized as prebiotics, probiotics and other digestive and food enzymes. Increasing preference for maintaining the gut health, the fragment probiotics is termed to be the most utilized ingredient. Functional fruits and beverages and vitamins and dietary supplements are the two parts fractioned on the basis of product type analysis. A major share was overtaken by the functional food and beverages with growing awareness among the consumer for healthy supplements. Hypermarkets and the supermarkets are proven to be the leading segment among the 3 divisions of distribution channels such as hospital pharmacies and online pharmacies
An outstanding growth of the digestive health market share with a valuation of USD 17.63 billion is ruled out globally by the territorial region of Asia Pacific. In the countries namely India, China and Japan, the rising awareness in regard with the digestive health products as the prevalence of digestive health problems rises, the market for digestive health is proving its dominance and is set to gain more profitable outcomes in the coming years.
The market for the Digestive Health is majorly comprised of the prominent players that are operating intensively in the market, proving their existence and profitable revenues with the extensive research and innovative practices and product development. The market players lined up are as follows: Yakult Honsha Co., Ltd. (Japan), Cie Gervais Danone (France), Sanofi (France), BASF SE (Germany), Bayer AG (Germany), Chr. Hansen Holding A/S (Denmark), Nestle S.A. (Switzerland), Deerland Probiotics & Enzymes, Inc (U.S.) and DuPont (U.S.) are dedicatedly working towards the intensive research and development of the innovation in manufacturing and launching digestive health products enriched with more health benefits and maximum nutrient absorption.
In the month of September 2020, an innovative health product by the company prorganiq was announced as “24 in 1 Mega Superfoods”, a dietary Supplement.
SEGMENTATION TABLE
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD billion)
Segmentation By Ingredient Type
Probiotics
Prebiotics
Digestive Enzymes
Others
By Product Type
Functional Foods & Beverages
Vitamins & Dietary Supplements
Others
By Distribution Channel
Supermarkets/Hypermarkets
Hospital Pharmacies
Online Pharmacies
Others
By Geography
North America (By Ingredient Type, By Product Type, By Distribution Channel, and By Country)
U.S. (By Product Type)
Canada (By Product Type)
Europe (By Ingredient Type, By Product Type, By Distribution Channel, and By Country)
U.K. (By Product Type)
Germany (By Product Type)
France (By Product Type)
Italy (By Product Type)
Spain (By Product Type)
Scandinavia (By Product Type)
Asia-Pacific (By Ingredient Type, By Product Type, By Distribution Channel, and By Country)
China (By Product Type)
Japan (By Product Type)
India (By Product Type)
Australia (By Product Type)
Southeast Asia (By Product Type)
Rest of Asia Pacific (By Product Type)
Latin America (By Ingredient Type, By Product Type, By Distribution Channel, and By Country)
Brazil (By Product Type)
Mexico (By Product Type)
Rest of Latin America (By Product Type)
The Middle East & Africa (By Ingredient Type, By Product Type, By Distribution Channel, and By Country)
GCC (By Product Type)
South Africa (By Product Type)
Rest of Middle East & Africa (By Product Type)