Pune, 05, Dec 2022: According to Maximize Market Research’s Digestive Health Market research, the market is expected to grow from USD 40 billion in 2021 to USD 59.1 billion in 2029, at a CAGR of 5% from 2022 to 2029, growing prevalence of diseases and gastrointestinal tract ailments.
Digestive Health Market Scope and Research Methodology
The digestive health market research report covers product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy, planning analysis of the industry, the latest dynamic analysis, etc. The report includes drivers, opportunities, and restraints affecting the global market. It covers the impact of these drivers, trends, and restraints on the demand of the market during the forecast period. The report also highlights opportunities in the market at the global level.
The research report involves the extensive usage of both primary and secondary data sources. The research process involves the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industries, and market risks, opportunities, market barriers, and challenges.
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Digestive Health Market Overview
Digestive health is a scientifically based approach to digestive and nutritional health. Digestive health solutions are goods that help to maintain a healthy gut and hence prevent digestive diseases. Prebiotics and probiotics are frequently used to maintain a healthy gut and avoid GIT conditions. Because of an increase in the number of illnesses such as malabsorption, bacterial overgrowth, and changing lifestyles, the digestive health industry is expected to develop. Digestive health goods are things that are intended to improve the function of the digestive system. Amylases, lactase, lipase, pepsin peptides, and other digestive enzymes are found in them. Digestive health products keep the correct amount of healthy stomach acid. For example, it maintains optimum amounts of stomach acid to enable nutritional digestion. Fortified meals, nutritional supplements, and functional foods manufactured from natural plants, animals, or microbes are examples of digestive health products. These meals are often high in fiber and have a quick digestive rate. Carotenoids like beta carotene are known to have anti-carcinogenic qualities, helping in the prevention of oxidative damage-related disorders like cancer. Yogurt and other probiotics have been shown to help regulate intestinal flora.
Digestive Health Market Dynamics
Despite the pandemic’s logistical and other economic restrictions, demand for gut health products is expected to grow significantly. As the coronavirus spread over the world, significant market players ensured that people’s health was not threatened. According to the annual report of Yakult U.S.A inc, average daily sales in their overseas food and beverage sector climbed 1.6% from the previous year to 31,624 bottles in 2020. Furthermore, the health advantages of probiotics, nutritional supplements, and other goods are widely known, as is their necessity during this hazardous viral epidemic. According to the Food & Beverage and Supplements Report 2021, functional foods or drinks are consumed by nearly one-third of consumers (32%). All of these variables are contributing to the improvement of the digestive health market and are expected to do the same during the forecast period.
Digestive Health Market Regional Insights
The North American Digestive Health Market is expected to account for 48% of total revenue in 2021. The dominance of North America in the plant-based Digestive Health Market is attributed to increased consumer awareness of digestive health products. An increase in digestive difficulties among the population, as well as an unhealthy and sedentary lifestyle, are driving the rising demand for such commodities. GERD affects 15.8% to 27.8% of the North American population, according to World Gastroenterology Organization (WGO) estimates from 2019. Furthermore, the government has created a variety of growth possibilities in the region in order to foster development and technical advancements, such as advantageous legislation in the United States controlling the use of health goods to assure the well-being of its population. Technology developments, rapid product delivery, and a plethora of health specialties have expanded North American markets. Due to increased demand for specialized, delicious, and low-cost food items, bakery and dairy goods are likely to remain the dominating categories in the US market. During the forecast period, Asia-Pacific is expected to develop at the fastest CAGR.
Digestive Health Market Segmentation
- Food Enzymes
- Dairy Products
- Bakery & Cereals
- Non-Alcoholic Beverages
By Distribution Channel:
- Pharmacies and Drugstores
- Online Retailers
Digestive Health Market Key Competitors:
- Yakult Honsha Co., Ltd.
- Cie Gervais Danone
- BASF SE
- Bayer AG
- Chr. Hansen Holding A/S
- Nestle S.A.
- Deerland Probiotics & Enzymes, Inc
- Pfizer Inc.
- Bayer AG
- NOW Health Group Inc.
- Alimentary Health Limited
- Herbalife International of America Inc.
- Amway Corporation
- PanTheryx Inc.
- The Nature’s Bounty Co.
- Organic India
- General Nutrition Centers Inc
Key questions answered in the Digestive Health Market are:
- What is Digestive Health?
- What is the growth rate of Digestive Health Market over the forecast period?
- What is the nature of competition in Digestive Health industry in developed economies and developing economies?
- Who are the key players in the Digestive Health Market?
- Who are the market leaders in Digestive Health in Europe
- Who are the market leaders in Digestive Health in USA and Canada
- Who are the market leaders in Digestive Health in India, China, Japan and South Korea?
- What are the factors affecting growth in the Digestive Health Market?
- Who held the largest market share in Digestive Health Market?
- What are the factors for the growth of Asia-Pacific region in Digestive Health Market?
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- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Ingredient, Product, Distribution channel, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading research firm, has also published the following reports:
Digestive Health Supplements Market – The Digestive Health Supplements Market size is expected to reach nearly US$ 84.25Bn by 2029 with a CAGR of 7.2% during the forecast period. The Digestive Health Supplements Market is expected to be driven by an increase in health concerns that have resulted in increased demand for supplementary
Wireless Health Market –The Wireless Health Market is expected to grow at a CAGR of 21.20% during the forecast period. Global Wireless Health Market is expected to reach US$ 600.63 Bn. by 2029. The Wireless Health Market is expected to be driven by an increase in funding for digital health, advancements in wireless technologies, an increase in the prevalence of chronic diseases, and increasing utilization of connected devices in the management of chronic diseases.
Digital Health Market –The Digital Health Market size was valued at US$ 246.01 Bn. in 2021 and the total revenue is expected to grow at 14 % from 2021 to 2029, reaching nearly US$ 701.78 Bn. The Digital Health Market is expected to be driven by the increase in demand for remote monitoring services, a rise in the prevalence of chronic diseases, and an increase in technology
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