Digital Assurance Market Report 2024-2033: Trends, Drivers, and Projections

"The Business Research Company recently released a comprehensive report on the Global Digestive Health Supplements 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 health supplements market size has grown rapidly in recent years. It will grow from $15.69 billion in 2023 to $17.39 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to growing awareness of digestive health, increased incidence of digestive disorders, aging population and digestive health concerns, consumer interest in probiotics and prebiotics, rise in functional food and beverage consumption.

The digestive health supplements market size is expected to see rapid growth in the next few years. It will grow to $26.61 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to rising demand for personalized nutrition, expansion of e-commerce platforms for supplement sales, research advances in gut microbiome science, increasing focus on preventive healthcare, adoption of digestive health supplements in developing markets. Major trends in the forecast period include innovation in formulations, incorporation of digestive enzymes in supplements, collaboration between supplements and gut health testing, emphasis on natural and organic ingredients, marketing strategies emphasizing gut-brain connection.

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Market Drivers and Trends:

The rising prevalence of digestive diseases is expected to propel the growth of the digestive health supplement market going forward. A digestive disease is any health problem that affects the digestive tract. These problems can range from mild to severe. Digestive health supplements such as probiotics, prebiotics, and enzymes help with digestive problems including diarrhea, constipation, inflammatory bowel disease, irritable bowel disease, urinary tract infections, and other gastrointestinal-related digestive problems. For instance, according to the International Foundation for Gastrointestinal Disorders, irritable bowel syndrome is the most common functional GI disorder, with a prevalence rate of 10-15% globally. Additionally, it is one of the most common conditions that requires a visit to the doctor. Thus, the rising prevalence of digestive diseases will increase sales and awareness of digestive health supplements, thereby driving digestive health supplement market growth.

Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.

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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

Amway Corp., Bayer AG, Pfizer Inc., NOW Foods, Alimentary Health Limited, Garden of Life LLC, Better Body Co., Florastor - Biocodex, Culturelle - i-Health Inc., Pure Encapsulations LLC, Bio K Probiotic Inc., Renew Life Formulas Inc., The Nature's Bounty Co., Nature Made - Pharmavite LLC, Align -The Procter & Gamble Company, Nature's Way Products LLC, Schiff Nutrition International, Inc., SmartyPants Inc., Rainbow Light Nutritional systems, Jarrow Formulas Inc., Enzymedica Inc., Thorne Research Inc., New Chapter Inc., Solgar Inc., Gaia Herbs Inc., MegaFood, Country Life LLC, Bluebonnet Nutrition Corporation, Nature's Plus - Natural Organics Inc., Carlson Laboratories Inc., Irwin Naturals

Digestive Health Supplements Market 2024 Key Insights:

• The digestive health supplements market size is expected to see rapid growth in the next few years. It will grow to $26.61 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%.
• Elevating Demand For Digestive Health Supplements Driven By The Surge In Digestive Disease Prevalence
• Increasing Emphasis On Product Innovation Driving Growth In The Digestive Health Supplements Market
• North America was the largest region in the digestive health supplements market in 2023

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