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PUBLISHER: SkyQuest | PRODUCT CODE: 1619154

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PUBLISHER: SkyQuest | PRODUCT CODE: 1619154

Digestive Health Products Market Size, Share, Growth Analysis, By Product (Dairy Products, Bakery & Cereals), By Ingredient (Prebiotics, Probiotics), By Delivery Format, By Application, By Region - Industry Forecast 2024-2031

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Global Digestive Health Products Market size was valued at USD 47.8 billion in 2022 and is poised to grow from USD 51.7 billion in 2023 to USD 98.4 billion by 2031, growing at a CAGR of 8.2% during the forecast period (2024-2031).

The rising awareness of digestive health's critical role in overall well-being is driving significant interest in digestive health products. Consumers increasingly recognize these products' importance in maintaining gastric acid levels and gut flora, which are vital for nutrient absorption and a healthy digestive system. This heightened focus on digestive health is particularly evident in developed countries, where a more educated and affluent consumer base fuels market growth. Efforts by healthcare providers to promote digestive health contribute to this trend, emphasizing its impact on various bodily systems. Additionally, urban populations with higher disposable incomes emerge as primary market drivers, suggesting that these areas will continue to dominate the digestive health product landscape for the foreseeable future.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Digestive Health Products market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Digestive Health Products Market Segmental Analysis

Global Digestive Health Products Market is segmented by Product, Ingredient, Delivery Format, Application and Region. Based on Product, the market is segmented into Dairy Products, Bakery & Cereals, Non - Alcoholic Beverages, Supplements, Others. Based on Ingredient, the market is segmented into Prebiotics, Probiotics, Food Enzymes, Animal Based, Plant Based, Microbial Based, Multi Vitamins. Based on Delivery Format, the market is segmented into Capsules, Tablets, Chewable, Drops, Caplets, Sticks. Based on Application, the market is segmented into Functional Foods, Functional Beverages, Breakfast Cereals, Pharmaceuticals. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Digestive Health Products Market

The driver for the global digestive health products market stems from a growing consumer focus on gut health, significantly accelerating research and development in this sector. A 2020 multinational study revealed that over 40% of individuals worldwide suffer from functional gastrointestinal disorders, which adversely affect quality of life and healthcare expenditure. This statistic has fueled a rising demand for natural and safe digestive health solutions among consumers. In response to this increasing interest, market players are heavily investing in R&D to innovate and introduce new products. For instance, Beroni Group launched Bellemel, a probiotic health product aimed at promoting intestinal flora balance in China in November 2020.

Restraints in the Global Digestive Health Products Market

Despite the potential for growth in the Global Digestive Health Products market, several challenges impede progress. One significant barrier is the stringent regulations that manufacturers of vitamins and dietary supplements must navigate prior to product launch. The Dietary Supplement Health and Education Act, established in 1994, mandates that companies ensure the accuracy and safety of any claims made about their products. Furthermore, compliance with the Bioterrorism Act requires firms to register with the FDA before producing or distributing supplements, often resulting in delays in market entry. Additionally, a tax increase of approximately 5-10% in recent years further constrains the growth potential in this sector.

Market Trends of the Global Digestive Health Products Market

The Global Digestive Health Products market is experiencing significant growth, driven largely by the rising consumer preference for probiotics as a natural dietary supplement. These products are gaining traction for their ability to enhance gut health by combating harmful bacteria, thereby facilitating the prevention and management of gastrointestinal disorders. As consumers increasingly seek holistic and safer alternatives to traditional pharmaceuticals, the demand for such supplements is expected to surge. This trend is infused with an emphasis on wellness and preventive healthcare, suggesting that the market will continue to expand robustly through the forecast period, reflecting an evolving landscape in digestive health management.

Product Code: SQMIG35B2073

Table of Contents

Introduction

  • Objectives of the Study
  • Scope of the Report
  • Definitions

Research Methodology

  • Information Procurement
  • Secondary & Primary Data Methods
  • Market Size Estimation
  • Market Assumptions & Limitations

Executive Summary

  • Global Market Outlook
  • Supply & Demand Trend Analysis
  • Segmental Opportunity Analysis

Market Dynamics & Outlook

  • Market Overview
  • Market Size
  • Market Dynamics
    • Driver & Opportunities
    • Restraints & Challenges
  • Porters Analysis & Impact
    • Competitive rivalry
    • Threat of substitute
    • Bargaining power of buyers
    • Threat of new entrants
    • Bargaining power of suppliers

Key Market Insights

  • Key Success Factors
  • Degree of Competition
  • Top Investment Pockets
  • Ecosystem Mapping
  • Market Attractiveness Index, 2023
  • PESTEL Analysis
  • Macro-Economic Indicators
  • Value Chain Analysis
  • Pricing Analysis
  • Case Studies
  • Regulatory Landscape
  • Customer & Buying Criteria Analysis
  • Raw Material Analysis
  • Patent Analysis
  • Trade Analysis

Global Digestive Health Products Market Size by Product & CAGR (2024-2031)

  • Market Overview
  • Dairy Products
  • Bakery & Cereals
  • Non - Alcoholic Beverages
  • Supplements
  • Others

Global Digestive Health Products Market Size by Ingredient & CAGR (2024-2031)

  • Market Overview
  • Prebiotics
  • Probiotics
  • Food Enzymes
  • Animal Based
  • Plant Based
  • Microbial Based
  • Multi Vitamins

Global Digestive Health Products Market Size by Delivery Format & CAGR (2024-2031)

  • Market Overview
  • Capsules
  • Tablets
  • Chewable
  • Drops
  • Caplets
  • Sticks

Global Digestive Health Products Market Size by Application & CAGR (2024-2031)

  • Market Overview
  • Functional Foods
  • Functional Beverages
  • Breakfast Cereals
  • Pharmaceuticals

Global Digestive Health Products Market Size & CAGR (2024-2031)

  • North America (Product, Ingredient, Delivery Format, Application)
    • US
    • Canada
  • Europe (Product, Ingredient, Delivery Format, Application)
    • UK
    • Germany
    • Spain
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific (Product, Ingredient, Delivery Format, Application)
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America (Product, Ingredient, Delivery Format, Application)
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (Product, Ingredient, Delivery Format, Application)
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Competitive Intelligence

  • Top 5 Player Comparison
  • Market Positioning of Key Players, 2023
  • Strategies Adopted by Key Market Players
  • Recent Developments in the Market
  • Company Market Share Analysis, 2023
  • Company Profiles of All Key Players
    • Company Details
    • Product Portfolio Analysis
    • Company's Segmental Share Analysis
    • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

  • BASF SE
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Fruit of the Loom, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Nestle SA
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Hanes brands Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • DuPont de Nemours, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Delta Apparel
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Danone SA
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Arla Foods Amba
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Sanofi
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Cargill, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Yakult Honsha Co., Ltd
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Probi AB
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Chr. Hansen Holding A/S
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • General Mills, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • PepsiCo, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Kerry Group plc
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Kellogg Company
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Mondelez International, Inc
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Bayer AG
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Danisco A/S
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments

Conclusion & Recommendation

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