PUBLISHER: Polaris Market Research | PRODUCT CODE: 1424041
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1424041
The Europe digestive health supplements market size is expected to reach USD 6.7 billion by 2032, according to a new study by Polaris Market Research. The report "Europe Digestive Health Supplements Market Share, Size, Trends, Industry Analysis Report, By Type (Enzymes, Prebiotics, Probiotics, Symbiotic, Others); By Form; By Distribution Channel; By Country; Segment Forecast, 2024- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market for digestive health supplements has witnessed a range of innovations in product formulations, delivery techniques, and ingredients, responding to consumer preferences for effective and convenient solutions. A shift towards plant-based and clean-label products has notably impacted digestive health supplements, as consumers increasingly prioritize products with natural ingredients and fewer additives.
Significant merger and acquisition (M&A) undertakings have been observed in the European market for digestive health supplements, as companies actively pursue strategic partnerships and acquisitions to enhance their market standing. Seeking opportunities for diversification and portfolio expansion, companies are strategically acquiring businesses with well-established lines of digestive health supplements, enabling them to provide a more extensive array of products to consumers.
Within the European market for digestive health supplements, numerous product alternatives provide consumers with options beyond conventional supplements to address their digestive health concerns. These alternatives encompass natural foods, traditional remedies, and various dietary supplements.
In Europe, there is a rising awareness of the significance of maintaining healthy dietary habits and lifestyles, emphasizing prevention over cure. This shift in mindset is positively impacting the market for herbal/traditional digestive remedy supplements. More consumers are opting for natural products to address issues such as stomach acidity, support intestinal functions, and alleviate intestinal gas and abdominal bloating. These supplements are not only positioned as beneficial for digestion but are also increasingly recognized for their potential to enhance immunity. This broader scope for preventive use is contributing to the growth of the herbal/traditional digestive remedy supplements market.
In 2023, the probiotics segment is expected to dominate the Europe digestive health supplements market during the forecast period, owing to increased awareness of digestive health issues.
The tablets segment is expected to dominate the Europe digestive health supplements market during the forecast period, as it is a convenient and quick fix for digestive health issues.
The online Stores segment is expected to witness the highest growth during the forecast period.
In 2023, Italy accounted for the largest revenue share due to the presence of major players and technological advancements.
The market is highly competitive owing to the existence of market players with a presence, including ADM Protexin Ltd, Nestle S.A., Now Foods, NutraMarks, Inc., Procter & Gamble Co., and Pfizer Inc., among others.
Polaris Market Research has segmented the Europe digestive health supplements market report based on type, form, distribution channel, and region: