Portland, OR, Nov. 03, 2022 (GLOBE NEWSWIRE) -- As per the report, the global digestive health market accounted for $38.8 billion in 2021, and is expected to reach $90.2 billion by 2031, growing at a CAGR of 8.8% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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| Report Coverage | Details |
| Forecast Period | 2022-2031 |
| Base Year | 2020 |
| Market Size in 2020 | $38.8 Billion |
| Market Size in 2030 | $90.2 Billion |
| CAGR | 8.8% |
| No. of Pages in Report | 310 |
| Segments Covered | Type, Form, Distribution Channel, and Region. |
| Drivers | Rise in the awareness among the customer regarding diet and health |
| Growing awareness about the advantages of probiotics | |
| Opportunities | Rise in R&D initiatives |
| Restrains | Strict regulatory standards |
| Expensive development costs |
Covid-19 Scenario:
- The Covid-19 pandemic changed the nutrition patterns and other health-related behaviors of the population.
- In addition, the market witnessed slow growth during the pandemic due to the impact of the pandemic on the logistics and supply chain.
The global digestive health market is segmented on the basis of type, form, distribution channel, and region.
Based on type, the digestive enzymes segment is projected to portray the highest CAGR of 9.5% during the forecast period. However, the probiotics segment held the lion’s share in 2021, accounting for more than 90% of the market, and is expected to maintain its leadership position throughout the forecast period.
Based on form, the capsule segment is estimated to manifest the highest CAGR of 9.5% during the forecast period. In addition, the segment dominated in 2021, contributing to around 90% of the market, and is estimated to maintain its dominance by 2031.
Based on distribution channel, the online providers segment is projected to showcase the highest CAGR of 10.9% during the forecast period. However, the drug store and retail pharmacies segment held the largest share in 2021, accounting for nearly three-fifths of the market.
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The global digestive health market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is estimated to register the highest CAGR of 10.7% during the forecast period. However, the market across North America held the largest share in 2021, contributing to more than two-fifths of the market, and is projected to maintain its leadership position from 2022 to 2031.
The global digestive health market report includes an in-depth analysis of the major market players such as Bayer AG, GalaxoSmithKline PLC, Pfizer Inc., Sanofi, Nestle SA, Herbalife Nutrition Ltd., BASF SE, NOW Health Group Inc., Amway Corporation, The Bountiful Company (Nature’s Bounty)
The report analyzes these key players in the global digestive health market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments of every market player.
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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”
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