Latest Digestive Health Supplements Market Growth Study 2022-2026 By The Business Research Company
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The digestive health supplements market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 9%, as per The Business Research Company’s market report!
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The Digestive Health Supplements Market Size In 2022 And Forecast
The global digestive health supplements market is expected to grow from $12.74 billion in 2021 to $13.97 billion in 2022 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The digestive health supplements market is expected to grow to $20.13 billion in 2026 at a compound annual growth rate (CAGR) of 9.6%.
The digestive health supplements market consists of sales of digestive health supplement products by entities (organizations, sole traders, and partnerships) that are used to treat problems related to the digestive system in human beings.
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Rise In Prevalence Of Digestive Diseases Is Driving The Growth Of The Digestive Health Supplements Market
For instance, according to the International Foundation for Gastrointestinal Disorders, irritable bowel syndrome is the most common functional GI disorder with a prevalence rate of 10–15% globally. Additionally, it is one of the most common conditions that require a visit to a doctor. Thus, the rising prevalence of digestive diseases will increase sales and awareness of digestive health supplements, thereby, driving the growth of the digestive health supplement market.
Competitive Landscape And The Regional Analysis Of The Digestive Health Supplements Market
Major players in the digestive health supplements market 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.
Additionally, as per TBRC’s research – North America was the largest region in the digestive health supplements market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Digestive Health Supplements Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the digestive health supplements market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the digestive health supplements market.
Product Innovation – A Key Trend In The Digestive Health Supplements Market
Major companies operating in the market are introducing technological innovations such as new ingredients and exploring innovative administration forms to cater to the needs of various age groups to sustain their position in the market.
Digestive Health Supplements Market Segmentation By The Business Research Company
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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