Gut Health Products Market Analysis on Demand at Growth Rate of 7.65% CAGR with Share of Competitor
Research Reports
May 25, 2024
Gut Health Products Market Overview
By 2032, the gut health products market was projected to be worth 120.38 billion. The market for gut health products is anticipated to grow at a compound annual growth rate (CAGR) of 7.65% during the forecast period of 2024–2032. Several significant factors, including rising consumer preference for gut health products, the dominance of key players, and increased diet knowledge, are expected to contribute to this growth.
The growing trend towards healthier diets and consumer understanding of the connection between nutrition and human health have spurred the players to produce and market foods with unique health claims.
The usage of probiotics has grown in markets where consumers are more likely to embrace a holistic approach to healthy living. The availability of probiotic supplements has raised consumer demand for them in order to lead healthy lives, as they offer numerous benefits for digestive health. A study on probiotic strains has showed that they offer health benefits by lessening the incidence of upper respiratory tract gut infections and adverse gastrointestinal in early neonates, according to the International Scientific Association for Probiotics and Prebiotics. Additionally, they lessen the likelihood of allergic reactions that cause acute issues, such as rashes in neonates and stomachaches in breastfeeding infants.
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Key Companies in the Gut Health Product market include.
Bayer AG
Nestle SA
BASF
DuPont
Sanofi
Yakult Honsha Co., Ltd.
Cie Gervais Danone
Deerland Probiotics & Enzymes, Inc.
Hansen Holding A/S
Amway Corporation
Market Segmentation
Products for Gut Health Prebiotics and probiotics are included in the market segmentation based on kind. In 2022, the probiotics gut health products segment retained the biggest share, accounting for roughly 67–69% of the market’s revenue.
The data on the gut health products market has been divided into gummies, powder, liquid, and capsules. The largest segment share was held by capsules.
The global gut health products market has been divided into organic and conventional products based on category. Due to customers’ growing acceptance of healthy and secure products, organic held the biggest segment share.
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Regional Analysis
North America, Europe, Asia-Pacific, and the Rest of the World are the regions into which the study divides the market. During the study period, a 32.24% market share for gut health products is anticipated in North America. The growth of the North American market has been greatly aided by the existence of a sizable number of gut health product producers and expanding customer awareness regarding the accessibility of various gut health products. In addition, technical advancements, product developments, and online product delivery have all contributed to the market expansion for gut health products in North America in recent years.
In the next years, Asia Pacific is anticipated to be the second-fastest expanding market for gut health products. The market growth in the Asia Pacific area is increasing as a result of manufacturers in emerging economies like Japan, China, and India gaining more knowledge about various health goods.
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