Digestive
health products have become a growing part of the healthcare industry
due to the rising awareness about the importance of digestive health,
the increasing willingness of consumers to spend significant sums on
dietary supplements, and the steady rise in modern retail avenues,
making the rise in demand for products such as dietary health
products easy to handle. Digestive health products help bring about a
healthy formulation of gastric acids and gut flora in order to make
the digestion process easier and smoother. The digestive
health products market is backed by steady support from
healthcare agencies as well as governments, which has made its growth
likely in the coming years.
According
to Transparency Market Research, the global digestive health products
market was valued at US$68.8 bn in 2017 and is expected to reach a
valuation of US$83.5 bn by 2022.
Here
are the major highlights of the global digestive health products
market:
Dairy
products are likely to remain the dominant product segment of the
global digestive health products market in the coming years. The
dairy products segment of the global digestive health products market
was valued at US$30.6 bn in 2017, accounting for 44.4% of the market.
The segment is expected to exhibit a robust 5.1% CAGR over the
2017-2022 forecast period to rise to a valuation of US$39.3 bn. The
widespread popularity of dairy products across the world is the
primary driver for this segment in the coming years. Dairy digestive
health products are becoming increasingly popular in emerging regions
such as Asia Pacific, which has provided the digestive health
products market with strong impetus due to the region’s increasing
population.
Asia
Pacific except Japan and Japan are thus likely to remain important
regional segments for the global digestive health products market in
the coming years. The APEJ market for digestive health products is
expected to exhibit a solid CAGR of 5% in the 2017-2022 forecast
period, rising to a valuation of US$18.1 bn by 2022. The Japan market
is also likely to remain an important contributor to global digestive
health products market figures, with the region expected to generate
opportunities worth US$1.5 bn over the 2017-2022 forecast period. The
rising disposable income of consumers in Asia Pacific and Japan is a
key driver for these regional markets over the coming years, while
the rising government support to strengthening the healthcare
infrastructure and boosting the dietary supplements and
nutraceuticals sector is also likely to help the market’s growth.
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North
America is currently the dominant regional market for digestive
health products. The North America digestive health products market
was valued at US$24.5 bn in 2017 and despite a relatively weak 3.7%
CAGR, the market is likely to rise to a strong valuation of US$29.3
bn over the 2017-2022 forecast period. The North America market for
digestive health products is driven by the widespread acceptance of
dietary supplements and other dietary complements and the rising
awareness about digestive health. The Europe market for digestive
health products is also likely to establish a dominant share in the
global market in the coming years, rising to a valuation of US$20.6
bn by 2022.
Competitive
Dynamics
The
heavily fragmented global digestive health products market includes
market leaders 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. The intense competition in the global digestive health
products is unlikely to abate in the coming years due to the
consistent availability of lucrative economic opportunities for new
entrants, especially regional specialists.
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