NEWARK, Del, Dec. 05, 2023 (GLOBE NEWSWIRE) -- The global gut health supplement market is valued at US$ 12,304.7 million in 2023 and is set to witness impressive growth during the forecast period. The market is projected to expand at a CAGR of 8.3% during the assessment period, reaching a valuation of US$ 27,312.0 million in 2033.
The gut health supplement market is set to witness robust growth during the forecast period. This is attributable to the increasing consumer awareness of the importance of gut health and its impact on overall well-being.
Changing dietary patterns and the prevalence of processed foods have increased digestive issues and gut-related disorders. To address this issue, people look for natural and practical solutions to support their digestive health. This is expected to drive demand for gut health supplements.
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The rising geriatric population is also creating growth opportunities for gut health supplement manufacturers. Aged individuals often experience age-related changes in digestion and may require supplements that support gut health and nutrient absorption.
There has been an increasing interest in products like prebiotics and probiotics. This is due to growing health awareness and increasing popularity of preventive healthcare. This will play a key role in boosting the growth of the gut health supplement market.
The rise in antibiotic usage has led to a greater need for probiotics and other gut health supplements to restore and maintain a healthy microbial balance. This is anticipated to bolster sales of gut health supplements through 2033.
North America dominates the market for gut health supplements. At the same time, Asia-Pacific is anticipated to witness high demand due to key participants adopting strategies such as introducing their brands in untapped economies of Southeast Asia.
Key Takeaways from the Report:
- The global gut health supplement market is expected to reach a valuation of US$ 27,312.0 million in 2033
- The market is expected to surge at a CAGR of 8.3% over the forecast period.
- The United States is projected to reach a valuation of US$ 12,304.7 million in 2023.
- The capsules segment is the most popular form and is expected to hold a market share of 31.0% in 2023.
- Germany is estimated to surge at a CAGR of 7.1% during the forecast period.
“The global gut health supplement market is witnessing substantial growth due to increasing consumer awareness about the crucial role of gut health. Rising cases of digestive disorders, such as irritable bowel syndrome (IBS) and inflammatory bowel disease (IBD), are further contributing to the market growth,” says Nandini Roy Choudhury, Client Partner at Future Market Insights.
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Who is Winning?
Alltech, International Flavors & Fragrances (IFF), Anovite, Nestle Health Science, Pfizer Inc., Bayer AG, Procter & Gamble Co., Pendulum, Johnson & Johnson, Herbalife, Nature’s Bounty, Garden of Life, Zenwise, HealthForce, Nutricia NV, Alimentary Health Limited, Lonza Group Ltd, NOW Foods and others are the few leading gut health supplement manufacturers.
Acquisitions and mergers benefit companies by improving their product quality and expanding their market reach. Companies are launching new products to stay competitive and meet the changing consumer demands. Development of advanced gut health formulas will allow companies to attract new customers and retain existing ones while increasing their market share.
Recent developments:
- In 2023, Acutia launched Acutia Gut Health. This daily supplement addresses indigestion and gradually improves gut health by combining L-glutamine, a prebiotic, and a postbiotic.
Get More Valuable Insights
Future Market Insights (FMI) has released an objective assessment of the global gut health supplement market, presenting past demand data from 2018 to 2022 and projecting forecast statistics for the 2023 to 2033 period.
To understand the growth potential, growth, and scope, the market is segmented based on product type (prebiotics, probiotics, enzymes, polyphenols and others), form (tablets, capsules, liquid, powder premixes, gummies/chewable, lozenges and liquid and gels), sales channel (prescription supplements (Rx)/(institutional sales (hospital and clinics)), over the counter supplements (OTC) and online), and region.
About the Food and Beverage Division at Future Market Insights (FMI)
FMI's Food and Beverage team offers comprehensive business intelligence services, with a vast array of reports and data points analyzed across 50+ countries over a decade. The team provides consulting services and end-to-end research, offering expert analysis, actionable insights, and strategic recommendations to clients worldwide. Contact them to explore how they can assist with your unique business intelligence needs.
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Gut Health Supplement Market Segmentation by Category
By Product Type:
- Prebiotics
- Probiotics
- Enzymes
- Polyphenols
- Others
By Form:
- Tablet
- Capsules
- Liquid
- Powder Premixes
- Gummies/Chewable
- Lozenges
- Liquid and Gels
By Sales Channel:
- Prescription Supplements (Rx)/(Institutional Sales (Hospital and Clinics))
- Over the Counter Supplements (OTC)
- Drug Stores and Pharmacies
- Hypermarkets/Supermarkets
- Convenience Stores
- Health and wellness Stores
- Specialty Stores
- Departmental Stores
- Online
- Company Website
- 3rd party / Mass Merchandiser
Author:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives. She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India. Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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