Global Digestive Health Products Market

Digestive Health Products Market Size, Share, Growth Analysis, By Product(Dairy Products, Bakery & Cereals, Non-Alcoholic Beverages, Supplements and Others), By Ingredient(Prebiotics, Probiotics, Food Enzymes and Microbial-based), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35B2073 | Region: Global | Published Date: February, 2024
Pages: 265 | Tables: 64 | Figures: 75

Digestive Health Products Market Insights

Digestive Health Products Market size was valued at USD 47.8 billion in 2019 and is poised to grow from USD 51.7 billion in 2023 to USD 98.4 billion by 2031, growing at a CAGR of 8.2% in the forecast period (2024-2031).

Digestive health products are becoming an inextricably important part of the healthcare scenario in various areas as people become more aware of the importance of digestive healthcare and the role that digestive health products play in maintaining a person's overall health. These products aid in maintaining a healthy level of gastric acids and gut flora to facilitate proper supplement absorption and a healthy digestive system. Due to the significant impact it has on numerous other body systems, digestive tract health is a key indicator of a person's overall well-being.

The growth of an educated and wealthy consumer base in developed countries has recently been a major market driver worldwide. The global market has benefited from efforts by healthcare offices to raise awareness of this issue, particularly in developed countries. Due to the higher disposable income of the urban working class, which is a significant driver for the global market, urban areas are likely to continue to be the important interest locations for the market for a very long time.

US Digestive Health Products Market is poised to grow at a sustainable CAGR for the next forecast year.

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Digestive Health Products Market size was valued at USD 47.8 billion in 2019 and is poised to grow from USD 51.7 billion in 2023 to USD 98.4 billion by 2031, growing at a CAGR of 8.2% in the forecast period (2024-2031).

digestive health products market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Nestle SA', 'Danone SA', 'Yakult Honsha Co., Ltd.', 'Probi AB', 'Chr. Hansen Holding A/S', 'General Mills, Inc.', 'PepsiCo, Inc.', 'Kerry Group plc', 'DuPont de Nemours, Inc.', 'Kellogg Company', 'Mondelez International, Inc.', 'Bayer AG', 'The Coca-Cola Company', 'Johnson & Johnson', 'Pfizer Inc.', 'GlaxoSmithKline plc', 'Sanofi S.A.', 'Abbott Laboratories', 'Meiji Holdings Co., Ltd.', 'Herbalife Nutrition Ltd'

Recent times have seen an increase in customer interest over their gut health, which has sped up research and development of digestive health products. For instance, more than 40% of people globally have functional gastrointestinal diseases, which have an impact on both quality of life and healthcare consumption, according to a large-scale, multinational research study done in 2020. As a result, there is an increasing desire among consumers for natural and secure products. the populace To meet the constantly growing demand, market participants are extensively spending in R&D to create unique goods. For example, in November 2020, Beroni Group, an Australian diversified biopharmaceutical firm, announced the release of a new medicine called Bellemel in China. It is a probiotic health product made with the intention of balancing the flora in human intestines.

In this day and age, using probiotics as a dietary supplement has emerged as a fresh approach to preventing and treating illnesses. The probiotics function as helpful bacteria to defend against the harmful bacteria in the digestive tract and so promote health. As they assist in treating gastrointestinal disorders without causing any significant adverse effects, probiotics and dietary supplements might serve as alternatives to pharmaceutical treatments. As a result, the market for digestive health products will rise significantly during the projected period as a result of the rising popularity of these products due to their safe and affordable qualities.

In 2021, North America had a 33.3% revenue share of the market. High market share in the region is a result of the region's leading players having a strong presence, government assistance for new product development, and technological improvement in the probiotic and prebiotic space. Additionally, factors such as rising healthcare costs, modifications to food laws that affect label and product claims, quick advances in science and processing technologies, an increase in the number of elderly people, and a growing interest in achieving wellness through diet are driving consumer interest in digestive health products in North America.

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Global Digestive Health Products Market

Report ID: SQMIG35B2073

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