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Meticulous Research® | Digestive Health Supplements Market to Reach $108.5 Billion by 2031

09-09-2024 03:45 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Meticulous Research®

The global market for digestive health supplements is rapidly expanding, with Meticulous Research® projecting it to reach $108.5 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031. This growth is driven by several factors, including the rising demand for nutrition-enriched products, heightened awareness of gut health, an aging population, and an increase in digestive disorders. However, challenges such as stringent regulations and the high cost of these supplements may impede market growth.

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Market Segmentation

The digestive health supplements market is categorized by type, form, distribution channel, and geography, allowing for a comprehensive understanding of the various aspects influencing the market's trajectory.

By Type
The market is divided into probiotics, prebiotics, enzymes, and other products. Among these, **probiotics** are expected to dominate the market, largely due to their growing use as an alternative to antibiotics and their increasing application for children. Moreover, extensive research and development (R&D) into probiotics, coupled with the rising prevalence of digestive disorders, further boosts the demand for these products. Probiotics are often recommended for their ability to support the natural balance of gut bacteria, which is essential for maintaining digestive health.

Prebiotics and enzymes are also gaining traction, with prebiotics helping to stimulate the growth of beneficial bacteria in the gut and enzymes aiding in the breakdown of food, which enhances digestion. As more consumers become aware of the importance of maintaining gut health, the demand for these supplements is expected to continue rising.

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By Form
In terms of product form, the market is segmented into tablets, capsules, powders, liquids, and other forms. **Tablets** are expected to hold the largest share due to their convenience and ease of consumption. Tablets also offer the advantage of preserving nutritional value without compromising taste, which can be a major selling point for consumers who prioritize both health benefits and palatability. Additionally, tablets tend to be more affordable and have a longer shelf life compared to other forms, further contributing to their popularity.

**Capsules** and **powders** also hold significant market potential. Capsules provide a more precise dosage form, while powders are favored for their versatility in mixing with food and beverages. Liquid supplements are growing in popularity due to their fast absorption rates and ease of use, especially for individuals who struggle with swallowing pills.

By Distribution Channel
The market is further divided by distribution channels, including supermarkets and hypermarkets, convenience stores, specialty stores, pharmacies and drug stores, e-commerce, and others. In 2024, **supermarkets and hypermarkets** are expected to lead the market, driven by increasing urbanization, rising disposable incomes, and the growing number of these retail outlets. These stores provide easy access to health supplements, making them a convenient option for consumers looking for digestive health products.

E-commerce is also witnessing rapid growth, particularly as more consumers shift toward online shopping due to its convenience and the availability of a wide range of products. Online platforms allow consumers to easily compare brands, read reviews, and make informed purchasing decisions. Additionally, the rise of subscription services for health supplements has contributed to the growing dominance of e-commerce in this market.

By Geography
Geographically, the digestive health supplements market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. **North America** is expected to maintain the largest share of the market in 2024, driven by an aging population, an increase in lifestyle-related diseases, and a high prevalence of digestive disorders. The region also benefits from the presence of major industry players, which further boosts market growth.

Europe follows closely behind, with a rising awareness of gut health and an increasing demand for natural and organic supplements. In the Asia-Pacific region, countries like China and India are experiencing significant market growth due to rapid urbanization, changing dietary habits, and a growing middle class with disposable income to spend on health products.

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Growth Drivers

Several factors are fueling the expansion of the digestive health supplements market:

1. **Increased Demand for Nutrition-Enriched Products**: As consumers become more health-conscious, there is a growing demand for products that offer both nutritional benefits and support for digestive health. This trend is particularly evident in urban areas where consumers are more likely to adopt preventive healthcare measures.

2. **Awareness of Gut Health**: The connection between gut health and overall well-being has gained significant attention in recent years, with scientific studies highlighting the role of the gut microbiome in various bodily functions. This has led to a surge in demand for supplements that promote gut health, such as probiotics and prebiotics.

3. **Aging Population**: As the global population continues to age, the prevalence of digestive disorders such as irritable bowel syndrome (IBS) and constipation increases. This demographic shift is expected to drive the demand for digestive health supplements, particularly among the elderly, who are more likely to suffer from such conditions.

4. **Innovations and New Product Developments**: The market is witnessing a continuous influx of new products that cater to specific digestive health needs. These innovations include targeted probiotics, enzyme supplements, and fiber-rich prebiotics that address the growing demand for personalized nutrition.

Challenges

Despite the strong growth prospects, the digestive health supplements market faces certain challenges:

1. **Strict Regulations**: Governments around the world have implemented stringent regulations regarding the safety, efficacy, and labeling of dietary supplements. These regulations can slow down the entry of new products into the market, as companies must comply with rigorous testing and approval processes.

2. **High Product Costs**: Digestive health supplements can be expensive, particularly those that contain high-quality ingredients or are marketed as premium products. This can limit their accessibility to price-sensitive consumers, particularly in developing regions.

Key Players

The digestive health supplements market is characterized by moderate competition due to the presence of many large and small-sized global, regional, and local players. The key players operating in the digestive health supplements market are Nestlé S.A. (Switzerland), Bayer AG (Germany), Herbalife Nutrition Ltd. (U.S.), Pfizer Inc. (U.S.), Abbott Laboratories (U.S.), Amway Corporation (U.S.), Danone S.A. (France), NOW Foods (U.S.), PrecisionBiotics (Ireland), and BioGaia (Sweden).

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Key Questions Answered in the Report-

What is the current value of revenue generated by the global digestive health supplements market?
At what rate is the global demand for digestive health supplements projected to grow for the next 5-7 years?
What are the historical market sizes and growth rates of the global digestive health supplements market?
What are the major factors impacting the growth of this market at the global and regional levels? What are the major opportunities for existing players and new entrants in the market?
Which segments in terms of type, form, and distribution channel are expected to provide major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the digestive health supplements market?
Who are the major players in the global digestive health supplements market? What are their specific product offerings in this market?
What are the recent strategic developments in the global digestive health supplements market? What are the impacts of these strategic developments on the market?

Related Reports :

Protein Supplements Market : https://www.meticulousresearch.com/product/protein-supplements-market-5851
Healthy Snacks Market : https://www.meticulousresearch.com/product/healthy-snacks-market-5392
Plant-Based Protein Supplements Market: https://www.meticulousresearch.com/product/plant-based-protein-supplements-market-5143

About Us

We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

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