The global digestive health products market reached a value of US$ 40.6 Billion in 2020. Looking forward, the analyst expects the market to grow at a CAGR of 7.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Digestive health products refer to various edible products consumed to maintain optimum levels of acid in the stomach and enhance the absorption and digestion of the nutrients. It includes fortified, functional and nutritional supplements, such as probiotics, prebiotics, carotenoids, enzymes, dairy and baked goods, cereals and non-alcoholic beverages obtained from plant, animal or microorganism sources. These products are a rich source of soluble and insoluble fiber, omega-3 and other fatty acids that also aid in preventing cardiovascular diseases (CVDs) and oxidative damage-related illnesses, such as cancer.
The increasing prevalence of gastrointestinal diseases, along with the rising geriatric population across the globe, represents one of the key factors driving the growth of the market. Due to sedentary lifestyles and unhealthy dietary habits, there is an increasing prevalence of lifestyle disorders. However, with the growing health-consciousness, individuals are now inclined toward adopting more nutritional diets, which include various digestive health products. In line with this, the widespread adoption of probiotics, prebiotics and other enzymes in daily diets is also contributing to the market growth. These products minimize the development of harmful bacteria in the gut and enhance immunity by improving intestinal health. Additionally, various product innovations, such as the development of non-alcoholic digestive health products in a wide variety of flavors, are acting as other growth-inducing factors. These beverages act as a healthy alternative to their alcoholic counterparts and are known to alleviate anxiety and stress while improving digestive health. Other factors, including the increasing expenditure capacities of consumers, along with the aggressive promotional activities by manufacturers and easy product availability through online retail channels, are anticipated to drive the market further.
Key Market Segmentation: the analyst provides an analysis of the key trends in each sub-segment of the global digestive health products market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on ingredient, form, product and distribution channel.
Breakup by Ingredient: Prebiotics Probiotics Enzymes Others
Breakup by Form: Capsules Tablets Powders Liquid Others
Breakup by Product: Dairy Products Bakery Products and Cereals Non-Alcoholic Beverages Others
Breakup by Distribution Channel: Supermarkets and Hypermarkets Pharmacies Online Stores Others
Breakup by Region: North America United States Canada Asia Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
Competitive Landscape: The report has also analysed the competitive landscape of the market with some of the key players being Abbott Laboratories, Arla Foods, Biogaia AB, Cargill Incorporated, Chr. Hansen Holding A/S, Deerland Probiotics & Enzymes Inc., General Mills Inc., Lallemand Inc, Mondelez International Inc., Nestlé S.A., Pepsico Inc. and Yakult Honsha Co. Ltd.
Key Questions Answered in This Report: How has the global digestive health products market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the digestive health products market? What are the key regional markets? What is the breakup of the market based on the ingredient? What is the breakup of the market based on the form? What is the breakup of the market based on the product? What is the breakup of the market based on the distribution channel? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global digestive health products market and who are the key players? What is the degree of competition in the industry?
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