Global digestive health products market was valued at US $ XX Mn in 2017 and expected to grow at 4.0% Compound Annual Gr
Global Digestive Health Products Market: By Product Type (Dairy Products, Non-alcoholic Beverages, Bakery Products, Cereals, and Others), By Ingredients (Prebiotics, Probiotics, and Others), By Distribution Channel (Supermarkets & Hypermarkets, Convenience stores, Online Stores, and Others), and Geography - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global digestive health products market was valued at US $ XX Mn in 2017 and expected to grow at 4.0% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Digestive Health Products Market
A healthy digestive tract requires a proper digestion which helps in maintenance of the healthy immune system. Digestive health products are designed in order to enhance the functioning of the digestive tract. The various components of the digestive system require special maintenance owing to its delicate nature. The maintenance of the healthy stomach by restoring healthy gut bacteria and maintaining the levels of acid can be achieved by the use of digestive health products.
Market Dynamics: Digestive Health Products Market
Increase in the health consciousness and burgeoning geriatric population expected to drive the demand for probiotics which help in the proper maintenance of gut flora is likely to drive the growth of the digestive health products market over the forecast period. As per the report of National Institute of Diabetes and Digestive and Kidney Diseases, there are 60 to 70 million people who are affected by digestive diseases. However, the stringent government regulations are likely to hamper the growth of the market over the forecast period.
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Market Scope: Digestive Health Products Market
Digestive health products market is segmented based on the product type, ingredients, and distribution channel
Based on the product type, the market is segmented into the following:
• Dairy Products
• Non-alcoholic Beverages
• Bakery Products
• Cereals
• Others
Based on the ingredients, the market is segmented into the following:
• Prebiotics
• Probiotics
• Others
Based on the distribution channel, the market is segmented into the following:
• Supermarkets & hypermarkets
• Convenience stores
• Online Stores
• Others
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Regional Analysis: Digestive Health Products Market
Geographically, global digestive health products market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America digestive health products market is dominant when compared with that of the other regional markets. The rising awareness among the people regarding the health products and their benefits is the key factor anticipating the growth of the digestive health products market in this region. The Europe region is likely to maintain its dominance in the upcoming years. Asia Pacific is expected to show growth in the forecasted period owing to its improving healthcare sector and growing preferences of the people towards healthier lifestyle. Japan is the major contributor in the Asia Pacific in the global digestive health products market.
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Competition Assessment: Digestive Health Products Market
Some of the players in the global digestive health products market include:
• E. I. DuPont Nemours and Company (U.S)
• Yakult Honsha Co. Ltd. (Japan)
• Danone SA (France)
• Nestle SA (Switzerland)
• Cargill Inc. (U.S)
• Arla Foods Inc. (Denmark)
• Mondelez International Inc. (U.S)
Notable Market Developments: Digestive Health Products Market
In February 2018, Yakult Danone has launched its new version of signature probiotic drink in India
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