Global — Digestive Health Products Market Worth Around $53.2 Billion By 2026: Acumen Research and Consulting
Acumen Research and Consulting, a global provider of market research studies, in a latest published report titled “Digestive Health Products Market (By Ingredient: Prebiotics, Probiotics, Food Enzymes, Digestive Health Products Market, By Product: (Dairy Products, Bakery & Cereals, Non-Alcoholic Beverages, Supplements, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026”, estimates that global digestive health products market is expected to reach the market value of around $53.2 billion by 2026 and is anticipated to grow at a CAGR of around 7.5% in terms of revenue during the forecasting period 2018 – 2026.
Key factor driving market growth is the increased demand for nutritional and fortifying food additives. Consumers are also expected to increase their attention to digestive foods because of its health benefits, which will boost market growth over the projected period. Moreover, increasing geriatric population, higher healthcare costs, changing lifestyles and food formulations innovation have helped the overall development of the market. In order to lower the risk of cardiovascular disease (CVDs) and enhance the quality of gut micro flora, digestive ingredients such as probiotic are commonly used in food products. In the next few years this trend is expected to boost demand for digestive health products. These products help to improve overall health by strengthening immune systems and improving intestinal and digestive conditions. The overall market will be driven by increased awareness of these health benefits. The presence of major industry participants focusing on R&D activities characterizes North America's market. Furthermore, companies have established manufacturing facilities in regions, like Asia Pacific, in order to improve their regional footprint and take advantage of emerging markets.
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Surge in Adoption of Superior Lifestyle Selection to Boost Digestive Health Products Market
Around 60-70 million people suffer from various digestive infections according to the National Institute of Diabetes and Digestive and Kidney Diseases. The key driver of the global digestive health products market is the rising awareness of the population towards healthier lifestyle. In addition, the rise in world geriatric populations, and the increased demand in probiotics for the maintenance of intestinal vegetation also contribute to the market growth. The dry products containing probiotics help to eliminate the Helicobacter pylori disease, bowel looseness and poorly tempered gut disorder. Anti-infection agents portion will see huge growth over the next few years with some organizations promoting new probiotic elements for dairy products.
At the same time, low attention to the importance of a healthy digestive tract and stringent guidelines for probiotic or prebiotic can be considered as genuine barriers to market growth. Nevertheless, in the next couple of years, developments in digestive health products will make giant open doors for the expanding market.
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Good Policies to Offer Lucrative Opportunity
Different governments include digestive health either as an area for their health strategies or introduce the product in order to correct previous approaches that are expected to stimulate market demand. Modern and effective R&D has increased as a major trademark for both the private sector and the government which strives to expand its portfolio. Consumers in the classification for upper class show a tendency to plan action to increase the range of these products for better health care agencies. In this regard, the widespread reputation of dietary supplements between the legislature and the consumer will increase market growth prospects over time.
The increased demand for these foods has led to the marketing of dairy products. In addition to the demand, the sedentary lifestyles and the consumer awareness regarding nutritional dairy products have also propelled the digestive health products market growth.
Supplement was the second largest segment in 2018 and is anticipated to grow rapidly over the forecasting period. Positive nutrition and health prospects should play a key part in promoting the use of supplements owing to increasing importance of active lifestyles.
Companies in North America and Europe have a strong distribution network. For companies in these regions, the presence of strict regulatory policies is a key market feature. Market leaders operations are integrated across the value chain. Enterprises use partnership strategies with providers or distributors. Leader companies profiled in this report are Nestle SA, Arla Foods Inc., Yakult Honsha Co. Ltd., E. I. DuPont Nemours and Company, Hansen Holding, Danone SA, Cargill Inc., PepsiCo Inc., General Mills.
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