The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The digestive health market has witnessed substantial growth in recent years, escalating from $54.06 billion in 2023 to $59.83 billion in 2024, reflecting a remarkable Compound Annual Growth Rate (CAGR) of 10.7%. This momentum is poised to continue, projecting a market size of $92.69 billion by 2028, at an even higher CAGR of 11.6%. Several factors contribute to this surge, spanning increased awareness, a spike in digestive disorders, an aging population with heightened health concerns, consumer fascination with probiotics and prebiotics, and a noticeable uptick in functional food and beverage consumption.

The Impact of an Aging Population on Digestive Health

Understanding the Demographic Shift

The geriatric population, defined as individuals aged 65 and above, plays a pivotal role in propelling the digestive health market forward. As individuals age, the efficiency of the digestive system diminishes due to various biological processes slowing down. Muscles become stiffer and less effective, necessitating support for efficient digestion and nutrient absorption. According to the World Health Organization, the global population of individuals aged 60 and above is projected to reach 1.4 billion by 2022, a significant increase from 1 billion in 2020. With 1 in 6 people worldwide expected to be 60 or older by 2030, the rising geriatric population is a key driver for the digestive health market.

Market Players and Innovations: A Competitive Landscape

Leading Companies in Digestive Health

Major players in the digestive health market include Chr. Hansen Holdings A/S, Yakult Honsha Co. Ltd., Nestle SA, DuPont de Nemours Inc., and others. These companies are actively shaping the market landscape by introducing innovative products. Noteworthy examples include GastroImmune, a transformative supplement launched by Daiwa Health Development, Inc. in April 2023. GastroImmune leverages ImmunoLin, an agglomerated powder purified from edible bovine plasma, to support digestive health and a robust mucosal immune system.

View More On The Digestive Health Market Report 2024 – https://www.thebusinessresearchcompany.com/report/digestive-health-global-market-report

Strategic Moves: Pantheryx’s Probiotic Portfolio Boost

Acquisitions Driving Market Dynamics

In a strategic move, PanTheryx, a colostrum-based nutrition and biotechnology company, acquired TruBiotics from Bayer HealthCare LLC in March 2021. This acquisition not only remains undisclosed in amount but also marks Pantheryx’s expansion into the probiotics and microbiome category. TruBiotics, a probiotic brand under Bayer AG, now contributes to Pantheryx’s strengthened probiotics portfolio.

Segmentation Insights: Understanding the Market Dynamics

Breaking Down the Digestive Health Market

The digestive health market is segmented based on product type, ingredient type, and distribution channel. Notable segments include Functional Foods and Beverages, Vitamins and Dietary Supplements, and Other Products under product types; Probiotics, Prebiotics, Digestive Enzymes, and Other Ingredients under ingredient types; and Supermarkets/Hypermarkets, Hospital Pharmacies, Online Pharmacies, and Other Distribution Channels under distribution channels. This granular approach enables a comprehensive understanding of the market dynamics.

Regional Dominance: North America’s Leadership Role

Powerhouse in Digestive Health

In 2023, North America emerged as the dominant region in the digestive health market. The region’s market leadership is attributed to various factors such as a robust healthcare infrastructure, a health-conscious population, and an increasing focus on preventive healthcare. Understanding regional dynamics is crucial for stakeholders looking to navigate and capitalize on the evolving digestive health market.

Future Trends: Navigating the Path Ahead

Innovations and Emphasis on Natural Ingredients

Looking ahead, the digestive health market is poised for transformative trends. These include innovation in formulations, the incorporation of digestive enzymes in supplements, collaborations between supplements and gut health testing, an emphasis on natural and organic ingredients, and strategic marketing campaigns highlighting the gut-brain connection. As the market evolves, staying attuned to these trends will be crucial for industry players aiming to stay ahead in this dynamic landscape.

In conclusion, the digestive health market is on a trajectory of substantial growth, fueled by a convergence of demographic shifts, technological advancements, and evolving consumer preferences. Industry players must strategically position themselves to harness the full potential of this burgeoning market.

Request A Sample Of The Global Digestive Health Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=7756&type=smp