Digestive Bitters Market Research, Demand And Trend Analysis 2024-2033

The Business Research Company recently released a comprehensive report on the Global Digestive Bitters Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The digestive bitters market size has grown strongly in recent years. It will grow from $1.50 billion in 2023 to $1.62 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to evolution of digestive bitters, infusing medicinal herbs in jars of wine, increases prevalence of self-medication, rise in usage of self-diagnosis, and increasing consumption of fast food.

The digestive bitters market size is expected to see strong growth in the next few years. It will grow to $2.18 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to development of commercial aromatic bitters, experienced a resurgence in popularity as a health aid, growing e-commerce channel, growing popularity of natural and organic products, and rising expansion of the geriatric population. Major trends in the forecast period include innovative herbal extracts and botanicals used in traditional medicine, influencing new business development and investment, and creation of novel products and technology.

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Market Drivers and Trends:

The rising demand for natural and organic products is expected to propel the growth of the digestive bitters market going forward. Natural products contain ingredients derived from natural sources, while organic products are made from materials produced by organic agriculture and adhere to strict standards for organic production and certification. The demand for natural and organic products is due to sustainable and eco-friendly products, changing consumer preferences, and increased awareness of health and environmental issues. Digestive bitters enhance natural and organic products by offering a traditional, plant-based solution to support digestive health and enhance the holistic appeal and effectiveness of natural and organic offerings. For instance, in May 2023, according to the UK government, organically grown cereal crops increased by 6.2% to 49 thousand hectares in 2022. The area of organically grown vegetables (including potatoes) increased by 4.8% to 10 thousand hectares compared to 2021. Therefore, the Rising demand for natural and organic products drives the digestive bitters market.

Major companies operating in the digestive bitters market are developing innovative products such as cocoa bitters to appeal to health-conscious consumers seeking flavorful and functional options that aid digestion and enhance culinary experiences. Cocoa bitters are aromatic bitters that infuse the rich, complex flavors of cocoa and chocolate into cocktails and other drinks, making them a versatile addition to any kitchen or bar. For instance, in September 2021, Angostura, a Spain-based food and beverage company, launched cocoa bitters. It is crafted with fine Trinitario cocoa, a prized variety grown in Trinidad and Tobago, where Angostura has blended bitters for nearly two centuries. The cocoa nibs are combined with a blend of herbs, spices, and botanicals to create a rich, indulgent flavor profile. These innovative cocoa bitters were designed to inspire creativity and experimentation in cocktails and savory and sweet culinary applications. These bitters are characterized by their initial flavors of floral, nutty cocoa, complemented by a captivating blend of aromatic botanicals. They are specifically designed to enhance the flavors of sweet vermouth and aged spirits such as whiskey, rum, cognac, and tequila, imparting richness and complexity to cocktails.

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Major Key Players of the Market:

Jägermeister, Aperol, Steadfast Herbs, Gruppo Montenegro , Quicksilver Scientific Inc., SALUS-Haus, Mountain Rose Herbs, Napiers the Herbalists, Harmonic Arts, Urban Moonshine, Zwack Unicum Plc, St. Francis Herb Farm, OWL Venice, Natural Hope Herbals, King Floyd, Josh Gitalis, Areté Herbs, Avena Botanicals, Granary Herbs Ltd., Botanica

Digestive Bitters Market 2024 Key Insights:

• The digestive bitters market size is expected to see strong growth in the next few years. It will grow to $2.18 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
• Rising Demand For Natural And Organic Products Driving Growth In The Digestive Bitters Market
• Angostura Innovates With New Cocoa Bitters To Enhance The Digestive Bitters Market
• Europe was the largest region in the digestive bitters market in 2023

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