What is the global market size of Digestive Health Products Market?

Global Digestive Health Products Market size was valued at USD 47.8 billion in 2021 and is poised to grow from USD 51.7 billion in 2022 to USD 98.4 billion by 2030, growing at a CAGR of 8.2% in the forecast period (2023-2030).

Who are the key vendors in the Global Digestive Health Products Market?

Global digestive health products market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. 'Nestle SA', 'Danone SA', 'Yakult Honsha Co., Ltd.', 'Probi AB', 'Chr. Hansen Holding A/S', 'General Mills, Inc.', 'PepsiCo, Inc.', 'Kerry Group plc', 'DuPont de Nemours, Inc.', 'Kellogg Company', 'Mondelez International, Inc.', 'Bayer AG', 'The Coca-Cola Company', 'Johnson & Johnson', 'Pfizer Inc.', 'GlaxoSmithKline plc', 'Sanofi S.A.', 'Abbott Laboratories', 'Meiji Holdings Co., Ltd.', 'Herbalife Nutrition Ltd'.

Digestive Health Products Market Worldwide

Digestive Health Products Market Regional Insights

In 2021, North America had a 33.3% revenue share of the global market. High market share in the region is a result of the region's leading players having a strong presence, government assistance for new product development, and technological improvement in the probiotic and prebiotic space. Additionally, factors such as rising healthcare costs, modifications to food laws that affect label and product claims, quick advances in science and processing technologies, an increase in the number of elderly people, and a growing interest in achieving wellness through diet are driving consumer interest in digestive health products in North America.

In Europe, the market was responsible for a sizeable portion of sales in 2021. High demand for items promoting digestive health in important markets including the UK and Germany. Probiotics' increasing importance is predicted to have a favourable effect on market growth, albeit at a slower rate due to the industries' maturity. Due to aggressive expansion methods used by international competitors and rising consumer awareness of health-beneficial products, the market in Asia Pacific is anticipated to grow at the highest CAGR. The regional market is anticipated to expand as a result of the expanding population, rising disposable income, and rising standard of living, particularly in China and India.

FAQs

Digestive Health Products Market size was valued at USD 51.7 Billion in 2023 and is poised to grow from USD 55.94 Billion in 2024 to USD 106.47 Billion by 2032, growing at a CAGR of 8.2% during the forecast period (2025-2032).

Global digestive health products market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'BASF SE ', 'Fruit of the Loom, Inc. ', 'Nestle SA ', 'Hanes brands Inc. ', 'DuPont de Nemours, Inc. ', 'Delta Apparel ', 'Danone SA ', 'Arla Foods amba ', 'Sanofi ', 'Cargill, Inc. ', 'Yakult Honsha Co., Ltd ', 'Probi AB ', 'Chr. Hansen Holding A/S ', 'General Mills, Inc. ', 'PepsiCo, Inc. ', 'Kerry Group plc ', 'Kellogg Company ', 'Mondelez International, Inc ', 'Bayer AG ', 'Danisco A/S '

Recent times have seen an increase in customer interest over their gut health, which has sped up research and development of digestive health products. For instance, more than 40% of people globally have functional gastrointestinal diseases, which have an impact on both quality of life and healthcare consumption, according to a large-scale, multinational research study done in 2020. As a result, there is an increasing desire among consumers for natural and secure products. the populace To meet the constantly growing demand, market participants are extensively spending in R&D to create unique goods. For example, in November 2020, Beroni Group, an Australian diversified biopharmaceutical firm, announced the release of a new medicine called Bellemel in China. It is a probiotic health product made with the intention of balancing the flora in human intestines.

In this day and age, using probiotics as a dietary supplement has emerged as a fresh approach to preventing and treating illnesses. The probiotics function as helpful bacteria to defend against the harmful bacteria in the digestive tract and so promote health. As they assist in treating gastrointestinal disorders without causing any significant adverse effects, probiotics and dietary supplements might serve as alternatives to pharmaceutical treatments. As a result, the market for digestive health products will rise significantly during the projected period as a result of the rising popularity of these products due to their safe and affordable qualities.