Growing Geriatric Population to Drive Digestive Health Products Market
The global digestive health products market is expected to exhibit a stable growth rate over the forecast period due to the growing demand for digestive health products among geriatrics in North America, Europe, and Asia Pacific, according to the latest research report published by Market Research Future (MRFR).
Digestive Health Products Market size is Projected to Reach USD 33.67 Bn by 2030, Growing at a CAGR of 6.70%
Competitive Analysis:
Leading players in the global digestive health products market include Abbott Laboratories, Cargill Inc., Chr. Hansen Holding, Lallemand, BioGaia AB, Arla Foods Inc., Yakult Honsha Co. Ltd., Nestle SA, Danone SA, and Danisco A/S.
A new study in Ireland showed that the consumption of prebiotics not only helps reverse digestive distress but can also help reverse early life trauma and its resultant impact on the gut microbiome by replenishing healthy strains of gut bacteria.
Segmentation:
The global digestive health products market has been segmented because of type, delivery format, specialty diet type, application, and region.
By type, the global digestive health products market is segmented into probiotics, prebiotics, multivitamins, lactase nutritional supplements, digestive nutritional supplements, and others. Probiotics are likely to remain an important segment for the digestive health products market over the forecast period, growing at a stable growth rate.
By delivery format, the global digestive health products market is segmented into capsules, tablets, chewables, drops, caplets, sticks, liquids, soft gels, suppositories, gels, and others.
By specialty diet type, the global digestive health products market is segmented into natural, vegetarian, gluten-free, dairy-free, high-fiber, and others.
By application, the market is segmented into functional foods, functional beverages, breakfast cereals, supplements, pharmaceuticals, and others.
Regional Analysis:
North America is likely to dominate the global digestive health products market over the forecast period due to the growing demand for digestive health products in the region. The growing geriatric population in North America is also likely to be a major driver for the digestive health products market in the region, as the demand for digestive health products is higher among the geriatric population than in other demographics. Increasing geriatric population has been a key feature of North American countries such as the U.S. and Canada in recent years, which has driven changes in the food and beverage industry to cater to the growing demographic. Geriatrics often have difficulty digesting complex, heavy foods, as the natural capacity of the digestive system to handle heavy loads decreases with age and needs to be backed up by various elements such as probiotics and others. This has been a major driver for the digestive health products market in North America in recent years and is likely to have a major impact on the market’s growth over the forecast period.
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Increasing prevalence of digestive disorders in North America, including the U.S., is likely to remain a major driver for the growth of the digestive health products market in the region over the forecast period. Increasing consumption of unhealthy diets dominated by junk food and sugar-rich beverages has resulted in a growing prevalence of concerns related to the digestive system in the region. This has been a major driver for the digestive health products market, as the growing prevalence of digestive concerns has been a key feature of the recent growth in the prevalence of obesity in the region. Increasing prevalence of various food intolerances and celiac disease is also likely to be a key driver for the digestive health products market in North America over the forecast period.
Europe is the second largest regional market for digestive health products and is likely to be driven by the growing geriatric population in the region, which has a growing need for digestive health products. The growing presence of major players in the European Union is also likely to remain a major driver for the digestive health products market in the region over the forecast period. The UK, the US, and Canada are among the top five importers of digestive health products, while four of the top five exporters of digestive health products are either North American or European, indicating the strong likelihood of these two regions dominating the global digestive health products market over the forecast period.
The digestive health products market has witnessed substantial growth in recent years, with a notable increase in consumer awareness about the importance of gut health. This has led to a competitive landscape where various companies are vying for market share by offering a diverse range of products, including probiotics, prebiotics, dietary supplements, and digestive enzymes. Established players and emerging brands alike are capitalizing on the trend, leveraging both traditional and digital marketing strategies to attract health-conscious consumers. As a result, the digestive health products market share is divided among a plethora of companies, each striving to differentiate their offerings and cater to the growing demand for digestive health solutions.
Danisco A/S, Danone S.A., Nestle S.A., Yakult Honsha Co. Ltd., Arla Foods Inc., BioGaia AB, Lallemand, Hansen Holding, Cargill Incorporated, Abbott Laboratories
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