Digestive Health Products Market Set to Soar Past USD 34.79 Billion by 2030
Research Reports
Sep 05, 2023
Digestive Health Products Market Highlights:
Global Digestive Health Products Market is accounted to register a CAGR of 6.7% during the forecast period and is estimated to reach USD 34.79 Billion by 2030.
Drivers:
Digestive health products refer to a category of goods designed to support and promote the optimal functioning of the digestive system. These products are formulated to maintain the balance of gut bacteria, aid in digestion, alleviate discomfort, and improve overall gastrointestinal well-being. They can include a wide range of items, such as dietary supplements, probiotics, prebiotics, fiber-rich foods, enzymes, and other formulations that aim to enhance the digestive process, alleviate issues like bloating or irregularity, and contribute to a healthier gut environment. Digestive health products are sought after by individuals looking to maintain digestive comfort, support nutrient absorption, and promote overall wellness through a well-functioning digestive system.
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Segment Analysis:
The Global Digestive Health Products Market has been segmented based on Product-Type, Delivery Format, and Application.
Based on the product type, the market is segmented into Prebiotics, Probiotics, Multi-Vitamins, Lactase Nutritional Supplements, and Digestive Nutritional Supplements. The dominance of the Prebiotics category in the Digestive Health Products market is attributed to its role in nourishing beneficial gut bacteria, fostering a healthy microbiome, and supporting overall digestive wellness.
Based on the Delivery Format, the market is segmented into Capsules, Tablets, Chewable, Drops, Caplets, and Sticks. The dominance of the Capsules category in the Digestive Health Products market is attributed to its convenience, controlled dosage delivery, and ease of consumption, catering to consumer preferences for efficient and targeted digestive support.
Based on Application, the market is segmented into Functional Foods, Functional Beverages, Breakfast Cereals, Supplements, and Pharmaceuticals. The dominance of the Functional Foods category in the Digestive Health Products market is attributed to the rising demand for everyday food items that offer dual benefits of nutrition and digestive wellness, aligning with consumers’ focus on holistic health.
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Regional Analysis:
The Global Digestive Health Products Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Digestive Health Products Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Digestive Health Products Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World’s Global Digestive Health Products Market comprises of Middle East, Africa, and Latin America.
In 2022, the North America Digestive Health Products market registered a value of USD 10.121 billion, capturing a share of approximately 45.80%, and is projected to demonstrate substantial CAGR growth during the study period. This significant market share is attributed to prominent players’ strong presence, governmental support for new product innovation, and advancements in probiotic and prebiotic technologies. Additionally, factors such as escalating healthcare expenses, evolving food regulations affecting labels and claims, rapid scientific and processing advancements, a growing aging population, and increasing interest in wellness through diet are driving consumer demand for digestive health products in the region.
Europe’s Digestive Health Products market holds the second-largest market share. While demand for digestive health products in major markets like Germany and the U.K. remains high due to industry maturity, growth is expected to occur at a slower pace. Remarkably, the UK’s Digestive Health Products market.
Anticipated to showcase the fastest CAGR growth from 2022 to 2030, the Asia Pacific Digestive Health Products market is driven by substantial usage in nations such as China, Australia, South Korea, and others. The proliferation of urban hydroponic farms is expected to fuel substantial market growth in China and India during the projection period. North America, with its numerous industry players, presents significant growth potential.
Key Findings of the Study:
- The Global Digestive Health Products Market is expected to reach USD 34.79 Billion by 2030, at a CAGR of 6.7% during the forecast period.
- The North America Digestive Health Products market achieved a value of USD 10.121 billion, capturing a share of approximately 45.80%, and is projected to experience substantial CAGR growth throughout the study period. The region’s commanding market share is attributed to established industry leaders, government support for new product development, and advancements in probiotic and prebiotic technologies.
- Based on the Application, the Market has been segmented into Functional Foods holding the largest market in 2023.
- Danisco A/S, Danone S.A., Nestle S.A., Yakult Honsha Co. Ltd., Arla Foods Inc, BioGaia AB, Lallemand, Hansen Holding, Cargill Incorporated, and Abbott Laboratories.
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