Press release
Digestive Health Supplements Market to reach USD 84.25 Bn by 2029, emerging at a CAGR of 7.2 percent and forecast 2023-2029
Digestive Health Supplements Market Report Scope and Research MethodologyThe fast-paced lifestyle of modern society has led to increased working hours and reduced exercise time, resulting in heightened health concerns. This, in turn, has driven up the demand for supplementary food products that can provide essential nutrients. Digestive Health Supplements, which are rich in proteins, vitamins, minerals, and carbohydrates, have gained prominence due to their medicinal properties that aid in boosting immunity and addressing digestive issues.
Our comprehensive report on the Global Digestive Health Supplements Market is based on a rigorous research methodology that encompasses both primary and secondary data sources. We have conducted extensive interviews, surveys, and data analysis to provide a well-rounded view of the market landscape.
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Digestive Health Supplements Market Dynamics:
A study by the University of Gothenburg in August 2018 revealed that 4 out of 10 individuals globally suffer from digestive issues, contributing to over 24% of gastrointestinal-related deaths. Digestive Health Supplements have witnessed surging demand as an effective solution to these concerns.
According to a 2016 report by the World Health Organization (WHO), one in every seven individuals aged 18-45 is overweight, with over 650 million urban dwellers suffering from obesity. Digestive Health Supplements play a crucial role in weight management and have become essential for athletes, celebrities, and those combating obesity and cholesterol problems.
The Over-The-Counter (OTC) products market generated a revenue of US$ 175 billion in 2022, and Digestive Health Supplements fall under this category. The growing popularity of OTC products as supplements has further fueled the demand for Digestive Health Supplements.
Increased consumption of processed foods, particularly among the younger population, has resulted in a rise in digestion, immunity, and bone strength-related issues. Digestive Health Supplements, containing calcium, proteins, and minerals, have emerged as preventive measures against these health concerns.
In the European market, the high production cost of fermented and dairy-based probiotics has limited the number of players. However, Ireland-based Carbery Group entered the Digestive Health Products market in 2018, launching a new range of fermented protein ingredients to capitalize on this growing market.
Digestive Health Supplements Market Regional Insights:
In North America, more than 62 million Americans are diagnosed with digestive issues each year, driving a 3.2% increase in Digestive Health Supplement consumption.
Europe, with its health-conscious population, has seen a 2.8% rise in demand for these supplements, as processed food consumption and reduced nutrition pose chronic digestive disease risks.
South America, particularly in countries like Brazil, Colombia, and Venezuela, is experiencing a growth rate of 2.1% due to the increasing preference for supplementary food products.
The Middle East and Africa's market has grown by 1.3%, driven by the preference for conventional food products and medicines to treat digestive issues.
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Digestive Health Supplements Market Segmentation:
by Form
Powder
Tablet
Capsule
Liquid
Others
by Product
Prebiotics
Probiotics
Enzymes
Fulvic Acid
Others
by Distribution Channel
Supermarket
Convenience Store
Specialty Store
Pharmacies
E-Commerce
Others
Digestive Health Supplements Market Key Players:
1. Cargill, Inc.
2. Arla Foods, Inc.
3. Nestle S.A.
4. BioGaia AB
5. Abbott Laboratories
6. Danone S.A.
7. Alimentary Health Limited
8. Pfizer, Inc.
9. Bayer AG
10. Koninklijke DSM N.V.
11. Chr. Hansen Holding
12. Lallemand
13. Yakult Honsha Co., Ltd.
14. Danisco A/S
15. NOW Foods
16. Procter & Gamble
17. Nutrica NV
18. AMWAY
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Table of content for the Digestive Health Supplements Market includes:
1. Global Digestive Health Supplements Market: Research Methodology
2. Global Digestive Health Supplements Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Digestive Health Supplements Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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