Digestive Health Market Predicted to Garner USD 90.2 Billion by 2031, Claims Allied Market Research

Portland, OR, Nov. 03, 2022 (GLOBE NEWSWIRE) — As per the report, the global digestive health market accounted for $38.8 billion in 2021, and is expected to reach $90.2 billion by 2031, growing at a CAGR of 8.8% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.

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Covid-19 Scenario:

• The Covid-19 pandemic changed the nutrition patterns and other health-related behaviors of the population.
• In addition, the market witnessed slow growth during the pandemic due to the impact of the pandemic on the logistics and supply chain.

The global digestive health market is segmented on the basis of type, form, distribution channel, and region.

Based on type, the digestive enzymes segment is projected to portray the highest CAGR of 9.5% during the forecast period. However, the probiotics segment held the lion’s share in 2021, accounting for more than 90% of the market, and is expected to maintain its leadership position throughout the forecast period.

Based on form, the capsule segment is estimated to manifest the highest CAGR of 9.5% during the forecast period. In addition, the segment dominated in 2021, contributing to around 90% of the market, and is estimated to maintain its dominance by 2031.

Based on distribution channel, the online providers segment is projected to showcase the highest CAGR of 10.9% during the forecast period. However, the drug store and retail pharmacies segment held the largest share in 2021, accounting for nearly three-fifths of the market.

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The global digestive health market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is estimated to register the highest CAGR of 10.7% during the forecast period. However, the market across North America held the largest share in 2021, contributing to more than two-fifths of the market, and is projected to maintain its leadership position from 2022 to 2031.

The global digestive health market report includes an in-depth analysis of the major market players such as Bayer AG, GalaxoSmithKline PLC, Pfizer Inc., Sanofi, Nestle SA, Herbalife Nutrition Ltd., BASF SE, NOW Health Group Inc., Amway Corporation, The Bountiful Company (Nature’s Bounty)

The report analyzes these key players in the global digestive health market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments of every market player.  

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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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