Digestive Health Market Size is Expected to Reach USD 94.41 Billion by 2030 | SNS Insider

Digestive Health Market Trends and Overview

The size of the Digestive Health Market was USD 49.46 billion in 2022 and is projected to reach USD 94.41 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.5% during the forecast period from 2023 to 2030.

In recent years, the Digestive Health Market has witnessed substantial growth, and this trend is expected to continue in the coming years. The market's significant expansion can be attributed to various factors, including the rising prevalence of digestive disorders and the growing awareness among individuals regarding the importance of maintaining a healthy digestive system.

Digestive disorders, such as irritable bowel syndrome, Crohn's disease, and gastroesophageal reflux disease, have become increasingly common worldwide. These conditions not only affect the overall well-being of individuals but also impose a significant economic burden on healthcare systems. As a result, there is a growing demand for effective treatments and preventive measures to address these digestive health issues.

Furthermore, the increasing adoption of sedentary lifestyles, unhealthy dietary habits, and the rising geriatric population are contributing to the surge in digestive health concerns. These factors have led to a greater emphasis on digestive health management, driving the demand for various products and services in the market.

The Digestive Health Market encompasses a wide range of products, including probiotics, prebiotics, digestive enzymes, and medical foods. These products aim to improve digestion, enhance gut health, and alleviate symptoms associated with digestive disorders. Additionally, the market also includes diagnostic tests, medications, and therapeutic interventions that aid in the diagnosis and treatment of digestive health conditions.

Geographically, North America currently dominates the Digestive Health Market, owing to the high prevalence of digestive disorders in the region and the presence of well-established healthcare infrastructure. However, the Asia-Pacific region is expected to witness significant growth during the forecast period, driven by the increasing awareness about digestive health and the rising disposable income of individuals in emerging economies.

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KEY MARKET SEGMENTATION:

By Ingredient Type

• Digestive Enzymes/Food Enzymes
• Probiotics
• Prebiotics
• Others

By Product Type

• Vitamins & Dietary Supplements
• Functional Foods & Beverages
• Others

By Distribution Channel

• Hospital Pharmacies
• Supermarkets/Hypermarkets
• Online Pharmacies
• Others

Some of the major key players are as follows:

Pfizer Inc., Bayer AG, Herbalife Nutrition Ltd., Sanofi, BASF SE, NOW Health Group Inc., The Bountiful Company, Amway Corporation, Yakult Honsha Co., GlaxoSmithKline PLC, Ltd., and other players.

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