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HEALTHCARE & PHARMACEUTICAL

Digestive Health Market Analysis by Product (Functional Food & Beverages, Vitamins & Dietary Supplements, and Others); by Ingredients (Digestive Enzymes, Probiotics, Prebiotics, and Others); and by End User (Supermarkets, Hospital Pharmacy, Online Pharmacy, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Danone launched the United Kingdom’s first formula milk in a tablet form, Aptamil Tab. It is pre-measured formula, manufactured in the collaboration with Japanese food manufacturer, Meiji.

  • Cargill, Incorporated along with Continental Grain announced the complete acquisition of Sanderson Farms, Inc. In order to complete the purchase, Cargill and Continental Grain joined Sanderson Farms with Wayne Farms, a Continental Grain subsidiary, to create a brand-new, privately held poultry company.

Global Digestive Health Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Base Year

2023

Forecast Year

2023-2033

CAGR

~9%

Base Year Market Size (2023)

~ USD 43,000 Million

Forecast Year Market Size (2033)

~ USD 80,000 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)

 

The global market is estimated to garner a revenue of USD 80,000 Million by the end of 2033 by growing at a CAGR of ~9% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 43,000 Million in the year 2023. The market growth is primarily driven by the rise in digestive disorders including irritable bowel syndrome, constipation, gastroesophageal reflux disease, diverticular disease, and gut infections, a growing inclination of people for fresh, safe, and natural foods, and increasing concern for society on their health. Nearly 15 million adults have an ulcer which makes up approximately 6% of the total adults and around 37 million people visited the hospital for diagnosis of their digestive system. Furthermore, the growing geriatric population is first in line to suffer gut health disorders.

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Besides this, a growing number of gut-conscious clients who constantly seek preventive options and higher usage of supplements for gut health including prebiotics, food enzymes, and probiotics including Culturelle probiotics maintain healthy digestion is expected to propel the growth of the global gastrointestinal health market. In order to support the immune system, nearly 77% of individuals are switching to food including yogurt drinks, and others. By 2030, one in six people on Earth is expected to be 60 years of age or older. 1.4 billion people are likely to be over the age of 60 by this time, up from 1 billion in 2020. 

Global Digestive Health Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Cases of Functional Digestive Disorders such as Malabsorption on the Back of Chronic Diseases including Chronic Pancreatitis

Malabsorption symptoms include difficulty in digestion, inefficient absorption of nutrients from digestive foods, and excretion issues.Regular drinking habits, genetic cystic fibrosis, or incidence of intestinal surgery are some common causes of malabsorption. Over 73,000 people in 33 countries are suffering from digestive disorders.Moreover, every 4 in 10 adults in the world has a functional gastrointestinal disorder.

  • Rising Population of Elderly Using High Amounts of Medications for Instance Antibiotics

The United Nations estimates that by 2050, 1 in 6 people would be over 65, up from 1 in 11 in 2019.

  • Increasing Desire for Unhealthy Foods Comprise of Fast Foods and Junk Foods

According to the World Health Organization, every year, around

420, 000 people worldwide die and an estimated 600 million get sick from eating tainted food, losing nearly33 a million years of healthy life.

  • Urging Consumption of Heavily Processed Food Products Involving Renal Health Issues and Unsettle Digestion

In the United States, the consumption of ultra-processed food including sugar foods, frozen dinners, ready-to-eat meals, and others, increased from around 54% to approximately 57% in 2018.

  • Propelled Demand for Dairy Products Causing Symptoms of Lactose Intolerance – Bloating and Cramping

Globally, more than 6 billion people consume milk and milk-based products and the consumption is highest in Europe, North America, Israel, Australia, and Costa Rica.

Challenges

  • Higher Cost of Digestive Supplements – Digestive supplements are not something everyone can buy as they are not covered under insurance and are not under the control of the U.S Food and Drug Administration. Also, the process of manufacturing and storing gut health supplements such as probiotics is very expensive rising the cost of the product.

  • Indefinite in the Tax for the Food Industry

  • Strict Rules to be Followed Before the Launch of New Products

The global digestive health market is segmented and analyzed for demand and supply by ingredients into digestive enzymes, probiotics, prebiotics, and others. The probiotics segment is anticipated to hold the largest market size by the end of 2033. The segment growth is attributed to higher consumption of probiotics, rising obesity cases, hectic work hours, and a growing number of the working population. Working in the schedules of changing shift patterns, especially in night shifts can affect your gut health causing loss of appetite and indigestion problems rising the need for use of probiotics. Moreover, in 2022, around USD 1,400 million worth of probiotics are used for improving gastrointestinal health and it is expected to reach about USD 2000 million by 2027.

Global Digestive Health Market Regional Synopsis

The North America region market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The market growth in North America is attributed to rising consumer spending capacity, increasing personal disposable income, expensive healthcare supplements, and rapid growth in consumer awareness about digestive health disorders. The increased usage rate of various medications and antibiotics will change gut microbes as people age, increasing the consumption of milk. Moreover, between 2020 and 2029, the world's milk production is anticipated to rise by 1.6 percent per year, reaching 997 million tonnes in that year.

Market Segmentation

Our in-depth analysis of the global digestive health market includes the following segments:

    By Product

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

     By Ingredients

  • Digestive Enzymes
  • Probiotics
  • Prebiotics
  • Others

      By End User

  • Supermarkets
  • Hospital Pharmacy
  • Online Pharmacy
  •  Others

Top Featured Companies Dominating the Global Digestive Health Market

  • DuPont’s Nutrition & Biosciences

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Yakult Honsha Co., Ltd.
  • Deerland Probiotics & Enzymes, Inc.
  • Cie Gervais Danone
  • Nestle Health Science
  • Sanofi
  • Chr. Hansen Holdings A/S
  • BASF SE
  • Bayer AG
  • Cargill, Incorporated

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