+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free
Published Date: 2017-09-11Number of Pages: 170

Digestive Health Products Market (Product Type - Dairy Products, Bakery Products and Cereals, Non-alcoholic Beverages; Ingredient - Probiotics, Prebiotics, Food Enzymes; Sales Channel - Modern Trade, Convenience Stores, Online Retailers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022

Digestive health products are becoming an increasingly important part of the healthcare scenario in a number of regions due to the increasing awareness about the importance of digestive healthcare and the contribution provided by digestive health products in maintaining the overall health of an individual. Digestive health products help maintain a healthy level of gastric acids and gut flora to enable comprehensive digestion of various nutrients and a healthy digestive tract. Health of the digestive tract is a vital indicator of the individual’s overall wellbeing, due to the considerable impact it has on various other systems functioning in the body. The global digestive health products market is thus likely to grow at a steady 3.9% CAGR over the 2017-2022 forecast period.

According to Transparency Market Research, the global digestive health products market was valued at US$68.8 bn in 2017 and is expected to rise to US$83.5 bn by 2022. 

 

digestive health products market

 

Rising Awareness about Digestive Health Drives Demand for Digestive Health Products

The growth of a well-informed and affluent consumer demographic in developed regions has been a key driver for the global digestive health products market in recent years. Efforts by healthcare agencies to increase awareness about digestive health have also helped the global digestive health products market, especially in developed countries. Urban areas are likely to remain the key demand centers for the digestive health products market in the coming years due to the higher disposable income of the growing urban middle class, making this a key driver for the global digestive health products market.

North America, Europe to Dominate Global Digestive Health Products Market

The dominance of developed regions in the global digestive health products market is underlined in the geographical segmentation of the market, with North America dominating the global market figures in 2017 and looking likely to carry the dominance through the 2017-2022 forecast period. The North America market for digestive health products was valued at US$24.5 bn in 2017 and is likely to rise to US$29.4 bn by 2022 at a steady CAGR of 3.7% therein. Europe is also likely to remain a dominant contributor to the global digestive health products market in the coming years despite a slow 3.2% in the 2017-2022 forecast period. The Europe digestive health products market is likely to reach US$20.6 bn by 2022.

Asia Pacific except Japan to Exhibit Rapid Growth

In terms of growth rate, Asia Pacific except Japan (APEJ) is the dominant regional segment of the global digestive health products market. The robust 5% CAGR of the APEJ digestive health products market is expected to carry it to a strong valuation of US$18.1 bn by 2022, making it likely to emerge as a major contributor to the global digestive health products market in the coming years.

Japan is also likely to contribute significantly to the global digestive health products market in the coming years, with the regional market expected to create an opportunity valued at more than US$1.5 bn between 2017 and 2022. Awareness about healthcare and especially digestive health is high in Japan and the growing geriatric population in the region is also expected to drive the demand from the digestive health products market in the region in the coming years.

Competitive Dynamics

Leading companies such as 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. are likely to dominate the global digestive health products 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.


 
 
Back To Top