According to a new report, published by KBV research, The Global Digestive Bitters Market size is expected to reach $1.9 billion by 2030, rising at a market growth of 4.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,015.7 Kilo Litres, experiencing a growth of 4.6% (2019-2022).
The Plastic Bottle segment would register a CAGR of 5.1% during (2023 - 2030). Plastic bottles are tough and robust, unlike glass bottles, which break into sharp fragments when dropped, making products as well as packaging safe for handling. Plastics are polymers, which are large molecules created by joining numerous short ones together. As a result, they have practical physical characteristics like hardness and chemical resistance.
The Aromatic Bitter segment is leading the Global Digestive Bitters Market by Type in 2022; thereby, achieving a market value of $957.5 million by 2030. With a base of alcohol and vinegar, aromatic bitter is made up of calamus (Acorus calamus), cardamom (Elettaria cardamomum), cinnamon (Cinnamomum verum), betony (Stachys officinalis), rosemary (Rosmarinus officinalis), and holy basil (Ocimum tenuiflorum). It contains tried-and-true herbal constituents that have long been utilized as digestive, circulatory, and blood sugar regulators as well as antibacterial, antifungal, anti-inflammatory, and antiviral agents and gastrointestinal tonics.
The Online Store segment is registering a CAGR of 5.7% during (2023 - 2030). Consumers can benefit from the digestive bitters' online availability in several ways. Convenience is one of the key advantages of internet accessibility. Without leaving their houses or traveling to physical stores, customers can easily peruse and purchase digestive bitters from the convenience of their homes or while on the go. This convenience saves time and effort, particularly for people with hectic schedules or limited access to brick-and-mortar establishments providing these products.
The Europe region dominated the Global Digestive Bitters Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $680.9 million by 2030. The North America market is poised to grow at a CAGR of 4.6% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/digestive-bitters-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Botanica (TallGrass Natural Health), Nature's Way Products LLC (Dr. Willmar Schwabe GmbH & Co. KG), Quicksilver Scientific, Inc., Equinox Botanicals, Zizia Botanicals, Nanton Nutraceuticals Ltd., Urban Moonshine (Traditional Medicinals), Herbal Supplies Pty Ltd, Hella Cocktails Co. and St. Francis Herb Farm.
By Packaging (Volume, Kilo Litres, USD Million, 2019-2030)
By Type (Volume, Kilo Litres, USD Million, 2019-2030)
By Distribution Channel (Volume, Kilo Litres, USD Million, 2019-2030)
By Geography (Volume, Kilo Litres, USD Million, 2019-2030)
Companies Profiled