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Digestive Health Market Expected to Reach $90.2 Billion by 2031—Allied Market Research

 
2022
Digestive Health Market

Report Code : A31458

quote Rise in the geriatric population, increasing healthcare costs, changing lifestyle of developed and developing nations, and innovation in solutions of digestive health products are primary factors that have contributed towards market growth quote

Onkar Sumant - Manager
Life Sciences at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Digestive Health Market," The digestive health market size was valued at $38.8 billion in 2021, and is estimated to reach $90.2 billion by 2031, growing at a CAGR of 8.8% from 2022 to 2031.

Digestive health products aim to strengthen the human immune system, by enhancing activities of the digestive system. Presence of several enzymes in digestive health products, such as lipases, amylases, and lactases aid in maintaining stomach acid levels and enhancing nutritional digestion. In addition, products and supplements manufactured by key market players are also responsible to maintain the digestive health.

Moreover, in western democracies, probiotics, which are essential to sustaining a healthy gut micro biota are becoming more and more popular among consumers that follow a holistic approach to healthy living. Thus, it is projected that during the forecast period, demand for digestive health products would rise as consumer knowledge of gut health increases. In addition, the U.S. is anticipated to continue to have a large increase in demand for digestive health, owing to poor eating practices and high consumption of processed, high-sodium, and ready-to-eat meals, prevalence of obesity, digestive disorders, and lifestyle-related diseases.

Furthermore, according to the World Health Organization, 39 million children under the age of 5 were overweight or obese in 2020, and worldwide obesity nearly tripled since 1975. As digestive health plays an important role in weight management, a greater number of obese population are turning toward digestive health management for weight loss process, thus propelling the growth of the digestive health market trends.

However, before launching the products, manufacturers need to apply for the large number of certifications and testing which includes a huge amount of investment for the approval of the product. Furthermore, the company's material development costs limit its ability to grow, which provides hindrance to the digestive health market growth.

According to the type, probiotics segment was the largest segment in the 2021, owing to increase in understanding of advantages that probiotics have for health, including prevention of irritable bowel syndrome, treatment and prevention of diarrhea, reduction of allergens and inflammation, and enhancement of immunity and the digestive enzymes segment is expected to grow at a highest CAGR during the forecast period.

By form, the capsules segment held a dominant portion in the global digestive health market in 2021. This is mainly attributed to increase in demand for digestive health solutions, owing to increase in number of cases associated with gastrointestinal disorders, and awareness about usage of the of capsule dosage form, and is also expected to grow at the fastest rate of CAGR during the forecast period.

By distribution channel, the drug stores and retail pharmacies owned the largest digestive health market share of the market in 2021, owing to rise in adoption for digestive supplements by large population from the preference for preventative medicine along with development of effective probiotic strains for dairy products to reduce intestinal inflammation, enhance gut health, and boost immunity. On the other hand, the online providers are expected to grow at the highest CAGR during the forecast period.

Region wise, North America acquired a major digestive health industry share in the year 2021, owning to meet the requirements of costumers, manufacturers of digestive health solutions and key players concentrating on creating innovative and effective products. However, Asia-Pacific is expected to witness highest growth at a CAGR for the digestive health products industry during the forecast period, owing to investments by public and private market players in this field.

According to Onkar Sumant, Manager, Healthcare at Allied Market Research, “Rise in the geriatric population, increasing healthcare costs, changing lifestyle of developed and developing nations, and innovation in solutions of digestive health products are primary factors that have contributed towards market growth.”

KEY FINDINGS OF THE STUDY

  • By type, the probiotics segment was the highest contributor to the market in 2021.
  • By form, the capsules segment was the highest contributor to the market in 2021, and is expected to continue this trend during the forecast period.
  • Depending on distribution channel, the drug store & retail pharmacies segment was highest contributor in 2021.
  • Region wise, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
 

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quote Digestive Health Market by Type (Prebiotics, Probiotics, Digestive Enzymes), by Form (Capsule, Tablet, Others), by Distribution Channel (Drug Stores and Retail Pharmacies, Online Providers, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031 quote

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