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Digestive Health Market size was valued at USD 42 Bn. in 2022 and the total Digestive Health revenue is expected to grow by 5% from 2023 to 2029, reaching nearly USD 59.09 Bn.
Digestive Health Market Overview:
The goal of this research is to provide a thorough examination of the Digestive Health market Size by component, application, industry, and geography. The study includes thorough information on the primary elements impacting the Digestive Health industry's growth. The study also includes a comprehensive evaluation of the market's value chain.
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Market Scope:
The research technique used to estimate and forecast the Digestive Health market Share begins with the collection of revenue data from key suppliers through secondary research sources. Vendor offerings are also taken into account while developing market segmentation. The income of large firms was used to calculate the entire size of the Digestive Health market Growth using the bottom-up method.
Segmentation:
by Ingredient
1.Prebiotics
2.Probiotics
3.Food Enzymes
1.1.Animal-based
1.2.Plant-based
4.Microbial-based
Based on Ingredient, In 2022, the probiotics segment, which had the largest revenue share of 87.5%, dominated the digestive health market for digestive health products. This is because more people are becoming aware of how probiotics can improve immunity, treat and prevent diarrhea, prevent allergies and inflammation, and prevent irritable bowel syndrome. Numerous organizations in North America and Europe, including ADM, Cargill, Inc., and BENEO GmBH, manufacture and supply prebiotic ingredients to countries all over the world. Prebiotics are expected to be used in more applications as a result of increased harvesting and cultivation of natural herbs that contain prebiotics, especially in North America and Europe.
by Product
1.Dairy Products
2.Bakery & Cereals
3.Non-Alcoholic Beverages
4.Supplements
5.Others
Based on the Product, In 2022, the dairy products segment held a 75.8% revenue share, dominating the digestive health market for products promoting digestive health. The digestive health market is fueled by growing consumer interest in preventive healthcare and the creation of effective probiotic dairy product strains to reduce intestinal inflammation, boost gut health, and boost immunity. The unique flavors and health advantages of functional beverages, such as kombucha, sports drinks, and relaxation drinks, have greatly increased their popularity. Prebiotics and probiotics, among other functional ingredients, are thus expected to be used more frequently in non-alcoholic beverages, which is expected to help the digestive health market grow.
by Distribution Channel
1.Supermarkets/Hypermarkets
2.Pharmacies and Drugstores
3.Online Retailers
4.Other
Based on the Distribution Channel, The supermarkets/hypermarkets industry held the largest digestive health market share of 45% in 2022 for digestive health in terms of distribution channel. The enormous popularity this market segment has attained as a result of the availability of a wide variety of products for the care of the digestive system at substantial discounts and the provision of comfortable shopping experiences for customers are factors contributing to the market segment's expansion. However, due to their convenience and comfort in allowing customers to buy any kind of product, online pharmacies typically experience the fastest growth.
Key Players:
1.Yakult Honsha Co., Ltd.
2. Cie Gervais Danone
3.Sanofi
4. BASF SE
5. Bayer AG
6.Chr. Hansen Holding A/S
7. Nestle S.A.
8. Deerland Probiotics & Enzymes, Inc
9.DuPont
10. Pfizer Inc.
11.Bayer AG
12.NOW Health Group Inc.
13.Alimentary Health Limited
14.Herbalife International of America Inc.
15.Amway Corporation
16. PanTheryx Inc.
17. The Nature's Bounty Co.
18. Organic India
19.General Nutrition Centers Inc.
Regional Analysis:
Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.
COVID-19 Impact Analysis on Digestive Health Market: The report also includes the detailed impact of COVID-19 on the Digestive Health market.
Key Questions Answered in the Digestive Health Market Report are:
- Which segment had the largest share in the Digestive Health market?
- How is the competitive scenario of the Digestive Health market in 2023?
- Which are the key drivers impacting the Digestive Health market growth?
- Which region holds the maximum share in the Digestive Health market?
- What will be the CAGR of the Digestive Health market during the forecast period (2023-2029)?
To Gain More Insights into the Market Analysis, Browse Summary of the Research Report: https://www.maximizemarketresearch.com/market-report/digestive-health-market/165193/
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