Over 40% Sales of Digestive Health Supplements in Capsule Form, Finds Persistence Market Research
Published On : Jan 12, 2021
Consumers have become more conscious regarding personal wellbeing, and aim to proactively improve it through healthy living, rather than through the use of conventional medicines. This increasing health-consciousness associated with consumer willingness to experiment has resulted in the penetration of digestive health supplements into regular health regimens, worldwide.
There is increasing demand for plant botanicals or extracts, owing to the positive impact they inflict upon heath. Prebiotic dietary fibers are good for the colon, and support digestive health in numerous ways. Fructooligosaccharides, inulin, and galactooligosaccharides are universally agreed-upon prebiotics, and are experiencing a rapid rise in demand.
On the back of these factors, global sales of digestive health supplements market are expected to top US$ 18 Bn in 2030. According to the report by Persistence Market Research, the digestive health supplements market is estimated to register a healthy CAGR of over 7% during the forecast period of 2020-2030.
Key Takeaways from Digestive Health Supplements Market Study
- The global digestive health supplements market represents a moderately consolidated competitive landscape, where a majority of key players maintain their strategic focus on pricing strategy, brand identity, product strategy, digital advertising of products, and remodelling the supply chain network.
- Persistence Market Research identifies Europe as the largest market for digestive health supplements, with a share of 30% through 2030, followed by North America, attributable to the fact that, customers across these regions seek high quality products with satisfactory services, and are more health-conscious nowadays.
- Globally, sedentary lifestyle has taken over a majority of the population, resulting in subsequent ailments and health issues. Thus, increasing demand for digestive health supplements aligned with growth of nutraceuticals is set to result in higher sales of digestive health supplements across the world.
- By form, capsules account for a larger share (more than 4 in 10 sales) as compared to tablets and powder, majorly due to convenience of consumption. In fact, gummies and chews are garnering huge attention among the younger generation.
- By type, at more than 40% share, demand for probiotics will be higher than prebiotics and enzymes.
- After initial logistic hiccups due to the onset of COVID-19, demand for digestive health supplements is soaring on the back of increasing population giving high importance to health and wellness.
“In today’s competitive industry, product innovation and variations within a segment act as prime factors in grabbing the attention of customers, who are in continuous search for new, natural claims, and innovative products. Moreover, players are engaged in bridging the supply-demand gap to cater to the growing needs of customers,” says an analyst at Persistence Market Research.
COVID-19 Impact on Market
No sooner did the COVID-19 pandemic hit, a majority of health supplement manufacturers increased their production capacity to bridge the supply-demand gap. Complete lockdowns, total shutdown of all industries, and havoc in the industrial space resulted in a dip in production during the pandemic. However, health supplement manufacturers have increased production after lockdowns have got eased, successfully catering to rising demand for digestive health supplements across regions. Demand for health supplements has experienced a steep hike since the 1st quarter of 2020, and is expected to drive sales in the overall health and wellness market going further.
Key Players in Digestive Health Supplements Market
The report underlines groundbreaking insights into the competitive scenario of the digestive health supplements market, along with highlights of differential strategies used by manufacturers. Some of the key players identified across the value chain of the global digestive health supplements market include Nestec S.A., Nutrica NV, Alimentary Health Limited, Lonza Group Ltd, Amway, Bayer, Herbalife, NOW Foods, Nature’s Bounty, Garden of Life, Zenwise, HealthForce, and Olly, among others.
Know More about Report Inclusions
Persistence Market Research published a new market report on the digestive health supplements market, covering global industry analysis of 2015-2019 and forecasts for 2020 to 2030. This research report provides compelling insights on the basis of product type, form, and sales channel, across all major regions.
The report also includes forecast factors and vital macroeconomic factors that are anticipated to boost the growth of the global market. It also addresses the restraints that are projected to hinder the growth of the digestive health supplements market, along with the latest trends and potential opportunities in the market.
For additional information on how digestive health supplement sales will shape up in the near future, write to the team of expert research analysts at email@example.com
About Consumer Goods Division at Persistence Market Research
The Consumer Goods team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs by offering expert analysis, actionable insights, and strategic recommendations. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the consumer goods industry lucidly in 50+ countries for over a decade. We provide end-to-end research and consulting services; reach out to explore how we can help.
Digestive Health Supplements Market
Global Market Study on Digestive Health Supplements: Growing Trend of Health-consciousness Boding Well for Market Expansion
Global Market Study on Digestive Health Supplements: Growing Trend of Health-consciousness Boding Well for Market ExpansionRequest TOC