Global Digestive Health Products Market growing at a healthy CAGR of 8.4% from 2019 to 2025
Fior Markets launched a study titled “Digestive Health Products Market by Ingredients (Dairy Products, Bakery Products and Cereals, Non-alcoholic Beverages), Product Type, Sales Channel, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2025.”
The global digestive health products market is expected to grow from USD 31.2 Billion in 2017 to USD 59.3 Billion by 2025 at a CAGR of 8.4% during the forecast period from 2018-2025.The key contributing factor for the market growth are rising consciousness among the population related to the importance of digestive health and growing issues about gut health.
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The probiotics segment is dominating the market with the highest share of 46.90% in 2017
The ingredients segment is classified probiotics, prebiotics, and food enzymes. The probiotics segment is dominating the market owing to their increasing demand by different food items manufacturers. Advancements in production technology and increased spending on R&D by major companies will drive the segment further. In addition, awareness regarding the health benefits, such as improved immune system, offered by these products is also fuelling the segment growth in the years.
The dairy products segment valued around USD 14.72 Billion in 2017.
Product type segment is divided into segments such as dairy products, bakery products, and cereals and non-alcoholic beverages. The dairy products segment is dominating the market with the highest share in 2017 owing to increasing demand for these foods.
The online retailer’s segment is dominating the market with the highest share of 51.20% in 2017.
Sales channel segment includes modern trade, convenience stores, and online retailers. The online retailer’s segment is dominating the digestive health products market in 2017. The online retailing segment is growing rapidly due to increasing consumer awareness and they may get numerous products to compare from.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America is dominating the market with the highest share of 41.60% in 2017.North Americais dominating the market. Various companies in North America are implementing strategy to launch new products to enter different market segments.Increasing awareness regarding the availability of digestive health products have spurred the demand in North America.Government support for new developments and technological advancements have also offered a number growth opportunities in the region. Factors, such as technological advancements, real-time product delivery, and abundance of specialty health products, have boosted the North American market.
Competitive Analysis:
The major players of market include Chr. Hansen Holding, Nestle SA, E. I. DuPont Nemours and Company, Yakult Honsha Co. Ltd., and Danone SA.,Arla Foods Inc., Cargill Inc., Mondelez International Inc., PepsiCo Inc, and General Mills.
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