Digestion Aids Market to Witness Robust Expansion by 2029
Digestion Aids Market is anticipated to grow at a significant CAGR during the forecast period. The market growth is largely attributable to the growing prevalence of digestive diseases all over the globe. The underlying cause of such diseases lies in the sedentary lifestyle. This, in turn, is driving the demand for digestion aids products. In various developed economies where growing health awareness has resulted in an elevated per capita expenditure, the adoption of digestive health aids has been observed as a prominent market trend.There has been observed an increased consumption of packaged as well as junk food due to the growing working population all over the globe that prefers ready to eat products over opting for homemade meals. This has resulted in elevated consumptions of high-sodium foods which primarily interferes with the body's digestive mechanism. Thus, the high prevalence of digestive disorders is particularly noted in the economies of the US, Japan, and several European countries, which is further anticipated to propel the digestion aids products demand. The growing number of gastrointestinal disorders, primarily including the constipation, acidity, and diarrhea, have resulted in the growing number of consumers seeking digestion aids on a regular basis.
Some key players operating in the market include Abbott Laboratories, Yakult Honsha Co., Ltd., and Chr. Hansen A/S, among others. These players are eyeing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships, collaborations, new product launch and development in the existing product portfolio, and so on. For instance, in July 2017, Therapeutics received 510(K) clearance from the US Food and Drug Administration (FDA) for the use of RELiZORB in children. RELiZORB is used for pancreatic and gastric disorders in both children and adults.
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Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Product Type
By Formulation
By Distribution Channel
Regions covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape: Abbott Laboratories, Yakult Honsha Co., Ltd., and Chr. Hansen A/S, among others.
A full Report of Digestion Aids Market is Available @ https://www.omrglobal.com/industry-reports/digestion-aids-market
Digestion Aids Market Report by Segment
By Product Type
Prebiotics
Probiotics
Digestive Enzymes
Drugs
By Formulation
Tablets
Liquids
Powder
By Distribution Channel
Hospital Pharmacy
Retail Pharmacy
E-Commerce
Supermarkets and General Stores
Digestion Aids Market Report by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East & Africa
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Digestion Aids Market
Digestion Aids market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
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