Future Growth Forecast For The Digestive Health Supplements Global Market 2023-2032
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As per The Business Research Company’s Digestive Health Supplements Global Market Report 2023, The global digestive health supplements market is expected to grow from $14.02 billion in 2022 to $15.46 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The digestive health supplements market size is expected to grow to $22.69 billion in 2027 at a CAGR of 10.1%.
What was the major driver in the digestive health supplements market?
The increased prevalence of digestive ailments is projected to boost the digestive health supplement market forward in the coming years. A digestive disease is a medical condition that affects the digestive tract. These issues might range from minor to major. Digestive health supplements such as probiotics, prebiotics, and enzymes aid in the treatment of digestive issues such as diarrhoea, constipation, inflammatory bowel disease, irritable bowel disease, urinary tract infection, and other gastrointestinal-related digestive issues. Irritable bowel syndrome, for example, is the most common functional GI condition, with a global incidence rate of 10-15%, according to the International Foundation for Gastrointestinal Disorders. Furthermore, it is one of the most common ailments that necessitates a trip to the doctor. As a result, the increased prevalence of digestive illnesses will raise sales and awareness of digestive health supplements, propelling the digestive health supplement market forward.
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What was the key trend in the digestive health supplements market?
Product innovation is a crucial trend that is gaining traction in the digestive health supplement market. To maintain their market position, major market players are bringing technological advances such as novel components and investigating innovative administration forms to cater to the needs of diverse age groups. For example, Bausch Health Companies Inc., a pharmaceutical company based in the United States, developed ENVIVE, an over-the-counter probiotic supplement that is meant to enhance and protect the digestive system, in April 2021.
Which was the largest region in the digestive health supplements market?
North America was the largest region in the digestive health supplements market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in digestive health supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Who are the digestive health supplements market prominent players?
Major players in the digestive health supplements market are Amway Corp, Bayer AG, Pfizer Inc., NOW Foods, Alimentary Health Limited, Nestle, Nutricia, Lonza, Nature’s Bounty, Garden of Life, Zenwise, OLLY Public Benefit Corporation, BASF SE, Herbalife International, and GlaxoSmithKline PLC.
Key digestive health supplements market segments
The global digestive health supplements market is segmented –
1) By Product: Prebiotics, Probiotics, Enzymes, Fulvic Acid, Other Product
2) By Form: Capsules, Tablets, Powders, Liquids, Other Form
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Store, Specialty Store, Pharmacies, E-Commerce, Other Distribution Channels
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The Digestive Health Supplements Global Market Report 2023 provides a comprehensive overview on the digestive health supplements market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies
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