Digestive Health Supplements Market Forecast 2024-2033: Anticipated Size and Growth Trends
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2024-2033 Digestive Health Supplements Market: What Growth Rate is Predicted?
The digestive health supplements market has grown rapidly in recent years. It will expand from $15.69 billion in 2023 to $17.39 billion in 2024 at a CAGR of 10.9%. The growth is due to rising awareness of digestive health, the increasing incidence of digestive issues, an aging population concerned about digestive health, and growing consumer interest in probiotics and prebiotics, along with an increase in functional food and beverage consumption.
The digestive health supplements market is anticipated to grow rapidly, reaching $26.61 billion by 2028, with a CAGR of 11.2%. This growth is fueled by increasing demand for personalized nutrition, the expansion of e-commerce platforms for supplement sales, research advances in gut microbiome science, the growing emphasis on preventive healthcare, and the rise of digestive health supplements in developing markets. Key trends include innovations in formulations, incorporation of digestive enzymes in supplements, collaboration between supplements and gut health testing, a focus on natural and organic ingredients, and strategies emphasizing the gut-brain connection.
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What Aspects Are Driving the Expansion of the digestive health supplements Market?
The rising prevalence of digestive diseases is expected to propel the growth of the digestive health supplement market. Digestive diseases, including irritable bowel syndrome, impact a significant percentage of the global population. The International Foundation for Gastrointestinal Disorders reports that irritable bowel syndrome has a prevalence rate of 10–15% globally. The increasing prevalence of digestive diseases drives the demand for digestive health supplements.
What Are the Significant Segments of the Digestive Health Supplements Market?
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
What Trends Are Influencing the Evolution of the 207 Market?
Product innovation emerges as the leading trend in the digestive health supplement market, with major companies introducing technological advancements such as novel ingredients and exploring innovative administration forms to meet the diverse needs of various age groups and maintain their market presence. For example, in April 2021, Bausch Health Companies Inc., a US-based pharmaceutical company, unveiled ENVIVE, a unique proprietary blend of five probiotic strain ingredients formulated as an over-the-counter probiotic supplement to enhance and safeguard digestive health.
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Which Geographic Areas Are Influencing the Growth of the Digestive Health Supplements Market?
North America was the largest region in the digestive health supplements market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digestive health supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Digestive Health Supplements Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the digestive health supplements market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Digestive Health Supplements Market Include
1. Digestive Health Supplements Market Executive Summary
2. Digestive Health Supplements Market Segments
3. Digestive Health Supplements Market Size And Template Market Growth Rate
4. Key Digestive Health Supplements Market Trends
5. Major Digestive Health Supplements Market Drivers
……
25. Key Mergers And Acquisitions In The Digestive Health Supplements Market
26. Top Digestive Health Supplements Companies
27. Digestive Health Supplements Market Opportunities And Strategies
28. Digestive Health Supplements Market, Conclusions And Recommendations
29. Appendix
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The Business Research Company offers the digestive health supplements market research report 2024 with industry size, share, segments and market growth
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