PUBLISHER: Allied Market Research | PRODUCT CODE: 1193237
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193237
The global digestive health market was valued at $38,789.13 million in 2021, and is projected to reach $90,205.67 million by 2031, registering a CAGR of 8.8% from 2022 to 2031.
Digestive health is one of the main concerns that everyone talks about every day. The overall health of a person can be greatly impacted by an unhealthy gut and thus, to avoid the same, the body needs nutrients to ensure normal digestive function and to maximize the benefits from their diet, which includes a wide range of products from probiotics to digestive enzymes. These promote healthy body function and assist in management of pathogenic microbes from the mouth to stomach. In addition, probiotics supplements assist in digestion process and enhance nutrient absorption when used in proper amount.
According to the National Center for Biotechnology Information (NCBI), gastrointestinal diseases affect an estimated 60 to 70 million people annually in America, with colorectal cancer as the 2nd leading cancer type diagnosed among American men and women. Thus, there is a growing prevalence of digestive diseases around the globe, which further propels the need for digestive health products.
Furthermore, growth of the digestive health market is anticipated to be facilitated by introduction of numerous advancements in products by the pharmaceutical and nutraceutical companies, increase in demand for solutions to treat chronic digestive diseases, and availability of wide range of products and supplements that are easily accessible and cost-effective.
Moreover, with growth in trend of "Gut Health-Key of Weight Management," prebiotics manufacturers are scrambling to keep up with the rising demand for prebiotics globally. Researchers discovered that the bacteria in the gut, which aid in digestion and absorption of nutrients in intestines, can affect capacity to lose weight, thus leading to rise in demand for prebiotics among weight conscious population and propelling the market growth.
Rse in digestive issues among individuals, owing to lack of sports and fitness activities, growing focus of the population on healthy nutrition, and rise in investments by consumers in probiotics for digestive health and rising preference for functional foods, along with new product launches, propel the market growth. Whereas, increase in R&D initiatives by key market players provide lucrative opportunities for growth of the market.
Although, there are various factors that propel the market growth, there are few restraints that affect the market including stringent government regulations and high development cost associated with the manufacturing process. For instance, the Public Health Security and Bioterrorism Preparedness and Response Act of 2002 (the Bioterrorism Act) requires dietary supplement companies to register with FDA and provide FDA with sufficient information to contact companies in an emergency.
The digestive health market is segmented on the basis of product, form, distribution channel, and region. By product, it is divided into prebiotics, probiotics, and digestive enzymes. On the basis of type, it is segmented into capsules, tablets, and others. By distribution channel, it is segmented into drug stores & retail pharmacies, online providers, and others (supermarkets/hypermarkets). The drug stores & retail pharmacies segment is further divided into prescription and OTC (over-the-counter). Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in this report include Amway Corporation, Bayer AG, BASF SE, GlaxoSmithKline PLC, Herbalife Nutrition Ltd., Nestle SA, NOW Health Group Inc., Pfizer Inc., Sanofi, and the Bountiful Company (Nature's Bounty).
Key Benefits For Stakeholders
By Type
By Form
By Distribution Channel
By Region