Dublin, May 30, 2023 (GLOBE NEWSWIRE) -- The "Digestive Health Products Market Size, Share & Trends Analysis Report By Product (Non-alcoholic Beverages, Dairy Products), By Ingredient (Food Enzymes, Probiotics), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global digestive health products market size is expected to reach USD 89.9 billion by 2030. expanding at a CAGR of 8.2% from 2022 to 2030.
Rising geriatric population, increasing healthcare costs, changing lifestyle, and innovation in formulations of digestive health products are primary factors that have contributed towards market growth.
The rising awareness among consumers regarding diet and health is expected to trigger the overall demand. The growing awareness about the beneficial properties of probiotics globally is expected to drive their demand for digestive health products. High awareness, strong presence of manufacturers, and inclination toward digestive food are expected to boost the demand in near future.
The ability of digestive health products to improve the health of consumers by strengthening their immune system, condition of the gut, digestive system, along with offering additional nutritional value contributes towards its significant market growth. Additionally, increasing demand for natural and safe products is further expected to bolster the demand for digestive health products.
In North America. The market is characterized by the presence of major industry participants who majorly focus on R&D activities. In addition, companies are setting up manufacturing facilities in regions such as Asia Pacific to increase their regional footprint to capture the emerging opportunities in the market.
Market Dynamics
Market Drivers
- Increasing Demand For Nutritional & Fortified Food Products
- Product Innovation And New Launches To Support Market Growth
Market Restraints
- High Cost Involved In Research & Development To Restrain Growth
Market Challenges
- Challenges Associated With Probiotic Digestive Food Formulation
- Regulatory Challenge For Ingredients Such As Probiotics In Digestive Health Products
Digestive Health Products Market Report Highlights
- In terms of revenue. The dairy products segment is expected to witness steady growth over the forecast period. Increasing consumer awareness regarding consumption of healthy food products which aid digestive and gut health coupled with ease in daily consumption of dairy products is expected to contribute towards segment growth
- The probiotics segment accounts for the highest market share of 87.5% in 2021 and is expected to further witness growth on account of its property in aiding digestive health, intestinal disorders, and gut health. Additionally, probiotics products have gained tremendous popularity amongst consumers searching for alternative and natural means to promote intestinal health, thereby positively benefitting its market growth during the forecast period
- The supplement product type is expected to progress at highest CAGR of 8.9% during the forecast period. With increased instances of health problems including indigestion, irritable bowel syndrome, constipation, chronic pancreatitis, muscle mass gain and obesity. The demand for supplements with probiotics, prebiotics, and enzymes is expected to rise
- The high consumption of fast food and packaged food, sedentary lifestyles, desk-bound jobs, and hectic work schedules in developed economies of North America have contributed to digestive problems leading to high consumption of digestive health products. As such. The region accounts for 33.35% of the total market share in 2022
- The manufacturers of prebiotics are on the edge to identify the increasing demand for prebiotics across the globe owing to the increasing trend of "Gut Health- Key of Weight Management". Thus. The segment is expected to progress at a value CAGR of 6.9% during the forecast period
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 138 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $47.8 Billion |
| Forecasted Market Value (USD) by 2030 | $89.9 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Methodology And Scope
Chapter 1 Executive Summary
Chapter 2 Digestive Health Products Market - Industry Outlook
Chapter 3 Digestive Health Products Market: Product Estimates & Trend Analysis
Chapter 4 Digestive Health Products Market: Ingredient Estimates & Trend Analysis
Chapter 5 Digestive Health Products Market: Regional Estimates & Trend Analysis
Chapter 6 Competitive Landscape
Companies Mentioned
- BASF SE
- Chr. Hansen Holding A/S
- Nestle SA
- International Flavors & Fragrances Inc.
- DuPont de Nemours, Inc.
- Bayer AG
- Danone
- Arla Foods amba
- Sanofi
- Cargill, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/fhzpec
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