North America Digestive Health Products Market Size, Share & Industry Trends Analysis Report By Type (Dairy Products, Supplements, Non-Alcoholic Beverages, Bakery & Cereals), By Ingredient, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Digestive Health Products Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).
In western nations, probiotics, which are essential to sustaining a healthy gut micro-biome, are becoming more and more popular among consumers who follow a holistic approach to healthy living. Thus, the demand for digestive health products would rise as consumer knowledge of gut health increases. During the forecast period, the United States is anticipated to continue to have a large increase in demand for digestive health.
Due to poor eating practises and high consumption of processed, high-sodium, and ready-to-eat meals, the prevalence of obesity, digestive disorders, and lifestyle-related diseases is predicted to increase, driving demand for digestive health products in the nation. Growing geriatric population, expanding working population, busy and hectic consumer schedules, rising disposable income, and rising consumer spending on health care products are all considerably fuelling the expansion of the market for digestive health products.
According to the World Health Organization (WHO), 65 to 70 million people in North America struggle with digestive-related issues. Due to these variables' favourable health effects, the industry has seen an increase in demand. Gut health has emerged as a major health concern, with one in four American consumers experiencing digestive health difficulties on a "nearly daily" basis. Food and beverage manufacturers are rapidly launching goods that provide advantages to digestive health in response to the rising demand for products related to the digestive system in North America.
The US market dominated the North America Digestive Health Products Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $17,753.8 million by 2028. The Canada market is poised to grow at a CAGR of 9.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8.7% during (2022 - 2028).
Based on Type, the market is segmented into Dairy Products, Supplements, Non-Alcoholic Beverages, Bakery & Cereals, and Others. Based on Ingredient, the market is segmented into Probiotics, Prebiotics, and Food Enzymes (Microbial-based, Plant-based, and Animal-based). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, Bayer AG, Danone S.A. (Sofina Group), DuPont de Nemours, Inc., Nestle S.A., Sanofi S.A., Cargill Corporation, Chr. Hansen Holding A/S, International Flavors & Fragrances, Inc., and Arla Foods, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Dairy Products
- Non-Alcoholic Beverages
- Bakery & Cereals
- Food Enzymes
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- BASF SE
- Bayer AG
- Danone S.A. (Sofina Group)
- DuPont de Nemours, Inc.
- Nestle S.A.
- Sanofi S.A.
- Chr. Cargill Corporation
- Hansen Holding A/S
- International Flavors & Fragrances, Inc.
- Arla Foods, Inc.
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