Digestive Health Supplements Market by Type (Probiotics, Prebiotics, Enzymes), Form (Tablets, Capsules, Powder, Liquid), Distribution Channel (Convenience Store, Supermarkets, Pharmacies, E-commerce), and Geography

Description

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Digestive Health Supplements Market by Type (Probiotics, Prebiotics, Enzymes), Form (Tablets, Capsules, Powder, Liquid), Distribution Channel (Convenience Store, Supermarkets, Pharmacies, E-commerce), and Geography-Global Forecast to 2031

According to the research report titled, 'Digestive Health Supplements Market by Type (Probiotics, Prebiotics, Enzymes), Form (Tablets, Capsules, Powder, Liquid), Distribution Channel (Convenience Store, Supermarkets, Pharmacies, E-commerce), and Geography-Global Forecast to 2031,' digestive health supplements market is slated to register a CAGR of 6.7% from 2024-2031 to reach $108.5 billion by 2031. The report provides an in-depth analysis of the digestive health supplements market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2031.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts an impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of the digestive health supplements market is driven by the surge in the popularity of digestive food supplements, which aligns with the societal shift toward reducing animal cruelty. The market for these supplements is propelled by a rising appetite for nutritionally enhanced products, heightened awareness concerning gut health, a growing elderly demographic, and a high prevalence of digestive disorders.

Additionally, ongoing innovations and the introduction of new products contribute to market expansion. Despite these factors, the market's growth may face challenges due to stringent regulations and the elevated cost of these products.

The key players operating in the digestive health supplements market are Nestle S.A. (Switzerland), Bayer AG (Germany), Herbalife Nutrition Ltd. (U.S.), Pfizer Inc. (U.S.), Abbott Laboratories (U.S.), Amway Corporation (U.S.), Danone S.A. (France), NOW Foods (U.S.), PrecisionBiotics (Ireland), and BioGaia (Sweden).

Based on type, the digestive health supplements market is segmented into probiotics, prebiotics, enzymes, and other products. In 2024, the probiotics segment is expected to account for the largest share of the digestive health supplements market. The segment's large market share is attributed to the increasing use of probiotics as an alternative to antibiotics, the growing use of probiotics for children, increasing research and development activities on probiotics, and the prevalence of digestive disorders.

Based on form, the digestive health supplements market is segmented into tablets, capsules, powder form, liquid form, and other forms. In 2024, the tablets segment is expected to account for the largest share of the digestive health supplements market. The large market share of this segment is attributed to ease of consumption, preserving the nutritional value with no bad taste, low cost, and higher shelf life.

Based on distribution channel, the digestive health supplements market is segmented into supermarkets & hypermarkets, convenience stores, specialty stores, pharmacies & drug stores, e-commerce, and other distribution channels. In 2024, the supermarkets & hypermarkets segment is expected to account for the largest share of the digestive health supplements market. The large market share of this segment is attributed to rapid urbanization, rising per capita disposable incomes, a growing number of supermarkets and hypermarkets, and increased sales of health supplements in well-established supermarkets and hypermarkets.

An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. In 2024, North America is expected to account for the largest share of the digestive health supplements market. North America's large market share is attributed to the increasing aging population, growing lifestyle-related diseases, increasing digestive-related disorders, and the presence of leading key players in the region.

Key Questions Answered in the Report-

What is the current revenue generated by the digestive health supplements market globally?
At what rate is the demand for digestive health supplements projected to grow for the next 5-7 years?
What are the historical market sizes and growth rates of the digestive health supplements market?
What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
Which segments, in terms of type, form, and distribution channel, are expected to create traction for manufacturers in this market during the forecast period 2024-2031?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for manufacturers of digestive health supplements?
Who are the major players in the digestive health supplements market? What are their specific product offerings in this market?
What are the recent strategic developments in the digestive health supplements market? What are the impacts of these strategic developments on the market?

Scope of the Report:

Digestive health supplements market Assessment-by Type

Prebiotics
Probiotics
Enzymes
Other Types

Digestive health supplements market Assessment-by Form

Tablets
Capsules
Powder Form
Liquid Form
Other Form

Digestive health supplements market Assessment-by Distribution Channel

Supermarkets & Hypermarkets
Convenience Stores
Specialty Stores
Pharmacies & Drug Stores
E-commerce
Other Distribution Channels

Digestive health supplements market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Middle East & Africa

Product Code: MRFB - 1041096

1. Market Definition & Scope

1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Process
2.2. Data Collection & Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
- 2.3.1. Market Size Estimation Approach
  - 2.3.1.1. Bottom-up Approach
  - 2.3.1.2. Top-down Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
2.5. Limitations of the Study

3. Executive Summary

3.1. Overview
3.2. Segment analysis
- 3.2.1. Digestive Health Supplements Market Assessment - by Type
- 3.2.2. Digestive Health Supplements Market Assessment - by Form
- 3.2.3. Digestive Health Supplements Market Assessment - by Distribution Channel
- 3.2.4. Digestive Health Supplements Market Assessment - by Region
3.3. Competitive Landscape & Market Competitors

4. Market Insights

4.1. Overview
4.2. Drivers
- 4.2.1. Growing Demand for Nutrition-enriched Products
- 4.2.2. Increasing Awareness About Gut Health
- 4.2.3. Increasing Geriatric Population and Prevalence of Digestive Disorders
- 4.2.4. Growing Innovations and New Product Developments
4.3. Restraints
- 4.3.1. Strict Regulations
- 4.3.2. High Cost
4.4. Opportunities
- 4.4.1. Emerging Economies

5. Digestive Health Supplements Market Assessment - by Type

5.1. Overview
5.2. Prebiotics
5.3. Probiotics
5.4. Enzymes
5.5. Other Types

6. Digestive Health Supplements Market Assessment - by Form

6.1. Overview
6.2. Tablets
6.3. Capsules
6.4. Powder Form
6.5. Liquid Form
6.6. Other Form

7. Digestive Health Supplements Market Assessment - by Distribution Channel

7.1. Overview
7.2. Supermarkets & Hypermarkets
7.3. Convenience Stores
7.4. Specialty Stores
7.5. Pharmacies & Drug Stores
7.6. E-commerce
7.7. Other Distribution Channels

8. Digestive Health Supplements Market Assessment - by Geography

8.1. Overview
8.2. North America
- 8.2.1. U.S.
- 8.2.2. Canada
8.3. Europe
- 8.3.1. Germany
- 8.3.2. France
- 8.3.3. U.K.
- 8.3.4. Italy
- 8.3.5. Spain
- 8.3.6. Rest of Europe (RoE)
8.4. Asia-Pacific
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. India
- 8.4.4. Australia
- 8.4.5. Rest of Asia-Pacific (RoAPAC)
8.5. Latin America
- 8.5.1. Brazil
- 8.5.2. Mexico
- 8.5.3. Argentina
- 8.5.4. Rest of Latin America (RoLATAM)
8.6. Middle East & Africa

9. Competition Analysis

9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
- 9.4.1. Industry Leaders
- 9.4.2. Market Differentiators
- 9.4.3. Vanguards
- 9.4.4. Emerging Companies
9.5. Global Digestive Health Supplements Market: Company Market Position Analysis

10. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)

10.1. Nestle S.A.
10.2. Bayer AG
10.3. Herbalife Nutrition Ltd.
10.4. Pfizer Inc.
10.5. Abbott Laboratories
10.6. Amway Corporation
10.7. Danone S.A.
10.8. NOW Foods
10.9. PrecisionBiotics
10.10. BioGaia
10.11. Other Companies

(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)

11. Appendix

11.1. Questionnaire
11.2. Available Customization