Digestive Health Products Market: Snapshot

Digestive health products are turning into an inexorably imperative piece of the healthcare situation in various districts because of the expanding mindfulness about the significance of digestive healthcare and the commitment given by digestive health products in keeping up the general health of a person. Digestive health products help keep up a healthy dimension of gastric acids and gut vegetation to empower complete absorption of different supplements and a healthy digestive tract. Health of the digestive tract is a fundamental marker of the person's general prosperity, because of the extensive effect it has on different other frameworks working in the body.

digestive health products market

The development of a well-educated and prosperous shopper statistic in created locales has been a key driver for the global digestive health products market as of late. Endeavors by healthcare offices to expand mindfulness about digestive health have additionally helped the global digestive health products market, particularly in created nations. Urban territories are probably going to remain the key interest places for the digestive health products market in the coming a very long time because of the higher extra cash of the developing urban working class, making this a key driver for the global digestive health products market.

The global digestive health products market collected revenue of US$1,130.4 mn in 2014 and is expected to attain a value of US$3,381.8 mn by the 2023-end. The market is swelling is expected to expand at a CAGR of 13.0% over the forecast period from 2015 to 2023. The global polylactic acid market collected revenue of US$400.1 mn in 2014 and is expected to reach a value of US$1,358.1 mn by 2023-end. The market is expected to expand at a CAGR of 14.6% over the forecast period.

Biodegradable Plastics to be Largest Segment in the digestive health products Market

Based on the end use, the digestive health products market is segmented into food and beverage, personal care, pharmaceutical, biodegradable plastics, and others (including detergents). Of these, the biodegradable plastics segment accounted for the leading share with more than 35% in the overall market in 2014. The market is expected to expand with a CAGR of 13.5% over the forecast period from 2015 to 2023. Lactic acid is extensively used in personal care products and in the food & beverages industry.

Based on the end use, the digestive health products market is segmented into packaging, textile, electronics, automotive, biomedical, and others (including printing). Among these, the packaging segment procured leading share in an end-use segment by holding more than 45% share in the revenue of the global polylactic acid market in 2014. This is attributable to the growing demand from electronics, biomedical, textiles, and automotive end-use segments.

North America to be Leading Region in digestive health products Market

On the geographical front, the digestive health products market are segmented into North America, Latin America, Europe, Asia Pacific, And the Middle East & Africa. Of these, North America held the dominant share of the global lactic acid market in 2014. This growth of the digestive health products market in the region is attributable to the extensive demand for bioplastics. However, the Asia Pacific dominated the digestive health products market and is expected to witness lucrative opportunities for growth of the market in the coming years.

Digestive Health Products Market: Overview

Digestive health products are a range of products designed to improve the functioning of the digestive tract of human beings. Various components of the digestive tract require significant maintenance due to their delicate nature and maintaining their health with the use of digestive health products has emerged as a key healthcare trend in a number of regions across the world. Digestive health products are aimed primarily at maintaining healthy acid levels in the stomach and replenishing healthy gut bacteria that perform a crucial role in digestion and absorption of all the nutrients present in food. Digestive health products are likely to emerge as a major revenue contributor to the global healthcare sector in the coming years due to the growing prevalence of digestive diseases and rising awareness about the importance of maintaining a healthy gut flora population.

According to Transparency Market Research, the global digestive health products market was valued at US$68.8 bn in 2017. Exhibiting a steady 3.9% CAGR from 2017 to 2022, the market is expected to rise to a valuation of US$83.5 bn.

Digestive Health Products Market: Dynamics

Rising awareness among the global populace about the importance of digestive health is likely to remain the key driver for the global digestive health products market. The growing adoption of modern dietary advances by a growing urban consumer demographic is also likely to remain a vital aid for the global digestive health products market.

The increasing availability of healthcare information on the Internet and the increasing emphasis of healthcare agencies on outreach programs to boost healthcare awareness among the population have helped the digestive health products market in developed countries. Consistent government backing to new innovation in the healthcare and pharmaceuticals industry in developed countries, with the development of the nutraceuticals sector presenting a novel revenue generation channel, is likely to remain a key driver for the digestive health products market in the coming years.

Digestive Health Products Market: Segmentation

Dairy products represented more than 44% of the global digestive health products market in 2017 and are likely to remain the dominant revenue contributor to the market in the coming years. The segment accounted for US$30.6 bn in 2017 and is expected to rise to a valuation of US$39.3 bn by 2022. The robust 5.1% CAGR of the dairy products segment is expected to enable it to extend its share in the global digestive health products market to 47.1% over the 2017-2022 forecast period.

Geographically, North America is likely to remain the dominant contributor to the global digestive health products market in the coming years. The regional market is expected to reach a valuation of US$29.4 bn by 2022, exhibiting a steady 3.7% CAGR between 2017 and 2022. The market was valued at US$24.5 bn on the back of steady growth of a promising consumer demographic and steady growth of the nutraceuticals and dietary supplements sector.

In terms of growth rate, Asia Pacific except Japan is likely to be the leading regional segment of the global digestive health products market. The regional market is expected to exhibit a strong 5% CAGR over the 2017-2022 forecast period and reach a valuation of US$18.1 bn by 2022.

Digestive Health Products Market: Competitive Dynamics

Leading companies in the global digestive health products market include Yakult Honsha Co. Ltd., E. I. DuPont Nemours and Company, Nestle SA, Danone SA, Chr. Hansen Holding, Arla Foods Inc., Mondelez International Inc., Cargill Inc., General Mills, and PepsiCo Inc.

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