Published Date: 31-Jul-2022
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According to a new report, published by KBV research, The Global Digestive Health Products Market size is expected to reach $69.2 billion by 2028, rising at a market growth of 7.7% CAGR during the forecast period.
The Dairy Products segment acquired maximum revenue share in the Global Digestive Health Products Market by Type in 2021 thereby, achieving a market value of $49.2 billion by 2028. The market is fueled by rising consumer interest in preventive healthcare along with the creation of effective probiotic strains for dairy products to reduce intestinal inflammation, boost immunity, and enhance gut health. Due to their distinctive flavours and health advantages, functional beverages like kombucha, sports drinks, and relaxation drinks have seen a significant rise in popularity.
The Prebiotics segment has shown the growth rate of 8.9% during (2022 - 2028). While prebiotics can be sold as an end product, their versatility to be used in production of many other products gives it an advantage. Numerous businesses in North America and Europe, including ADM, Cargill, Inc., and BENEO GmBH, produce and export prebiotic ingredients to other countries. Prebiotics are anticipated to be used more frequently in a variety of applications as a result of increased collection and cultivation of prebiotic natural herbs, especially in North America and Europe.
The North America market dominated the Global Digestive Health Products Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $24.6 billion by 2028. The Europe market is exhibiting a CAGR of 7.3% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 8.1% during (2022 - 2028).
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 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.
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