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Global Dysphagia Supplement Market Overview Covering Forecast Market Size And Growth Rate 2033
Dysphagia Supplement Global Market Report 2024
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According to The Business Research Company's, The dysphagia supplement market size has grown strongly in recent years. It will grow from $1.29 billion in 2023 to $1.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to the increasing number of elderly individuals, the prevalence of neurological disorders, healthcare awareness and diagnosis, the rise in the prevalence of dysphagia, and increasing healthcare expenditure.
The dysphagia supplement market size is expected to see strong growth in the next few years. It will grow to $1.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to the rising incidence of chronic diseases, growing prevalence of digestive disease, growing utilization of thickening solutions, rise in educational initiatives, and increase in the number of people suffering from swallowing problems. Major trends in the forecast period include technological advancements, generating robust clinical evidence, expansion of distribution channels, development and production of new formulations, and increasing research and development.
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Market Drivers and Trends:
The increasing prevalence of digestive diseases is expected to propel growth in the dysphagia supplement market. Digestive diseases refer to various gastrointestinal disorders, including conditions that impact the esophagus, stomach, intestines, liver, and pancreas. The rise in digestive disease is due to aging populations, poor diet, sedentary lifestyles, increasing obesity rates, and environmental influences. Dysphagia supplements help manage digestive diseases by providing easy-to-swallow, nutrient-rich options that ensure adequate nutrition for individuals with swallowing difficulties. For instance, in October 2022, according to the report published by United European Gastroenterology, an Austria-based non-profit organization, digestive diseases impact over 300 million people in Europe and the Mediterranean region, resulting in significant economic costs. Therefore, the increasing prevalence of digestive diseases is driving the growth of the dysphagia supplement market.
Major companies operating in the dysphagia supplement market are focused on developing innovative products, such as food and beverage thickeners, to serve customers with swallowing difficulties better. Food and beverage thickeners are substances added to liquids and foods to alter their consistency, making them easier and safer to swallow for individuals with dysphagia. These thickeners reduce the risk of aspiration and choking by ensuring that the consistency of the food or liquid matches the individual's swallowing capabilities. For instance, in January 2023, Nestlé India, an India-based food and beverage company, launched ThickenUp Clear, a food and beverage thickener that can help patients with swallowing difficulties, especially in oropharyngeal dysphagia. It is a xanthan gum-based product that is tasteless, colorless, odorless, and amylase-resistant, allowing it to be easily added to various liquids to enhance swallowing, offering a healthier and more environmentally friendly option for those with dysphagia. It is an instant thickener for food and drinks that quickly thickens and maintains a stable consistency when added to hot and cold liquids or foods.
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Major Key Players of the Market:
Nestlé S.A. , Abbott Laboratories, Fresenius SE & Co. KGaA, Groupe Lactalis S.A., Danone S.A., Ingredion Incorporated, Tate & Lyle PLC, Kent Precision Foods Group, Prosource, Saraya Co. Ltd., Matsun Nutrition Inc., Matsun Nutrition, Trisco Foods Pty Ltd., Flavour Creations, Medtrition Inc., Simply Thick LLC, Hormel Health Labs, Swallowing Diagnostics Inc., Nutrinovo Ltd., Nutridrinks Limited
Dysphagia Supplement Market 2024 Key Insights:
• The dysphagia supplement market size is expected to see strong growth in the next few years. It will grow to $1.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
• Impact Of Rising Digestive Diseases On The Dysphagia Supplement Market
• Innovative Solutions Enhanced dysphagia Supplement Market Growth
• North America was the largest region in the dysphagia supplement market in 2023
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