Antacids Market Report. Dietary changes in urban areas have stimulated the demand for antacids.
Fort Collins, Colorado, October 11, 2023 (GLOBE NEWSWIRE) — According to DataHorizon Research, the antacid market size is expected to be US$7.4 billion in 2022 and is expected to reach US$11.6 billion by 2032, with a compound annual growth rate of 4.8%.
Antacids contain magnesium, calcium, aluminum, and sodium salts as active ingredients and are used to treat stomach-related problems such as indigestion, acid reflux, heartburn, and upset stomach.
Intestinal and gut-related problems have become a common problem these days. Sedentary lifestyle, poor sleep cycle, and consumption of unhealthy junk food have led to the prevalence of various gut-related diseases such as gastroesophageal reflux disease (GERD) and duodenal ulcer, thereby driving the demand for antacids . For example, multiple studies have shown that the prevalence of gastroesophageal reflux disease (GERD) in Western countries is approximately 10% to 48% and is growing steadily, which is a major driver of the antacid market.
Additionally, since antacids are self-medicated and over-the-counter (OTC) medications, they are easily available in different flavors and formulations such as liquid syrups, tablets, and chewable gummies, enabling consumers to choose any antacid according to their preference agent. For example, a study of self-medication by medical students showed that antacids were the second most frequently used medication. The need for antacids has increased significantly during the COVID-19 pandemic as gastrointestinal symptoms such as heartburn and hyperacidity become more common. This has resulted in a significant increase in the market share of antacids.
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Segmentation Overview:
The global antacids market has been segmented by dosage, distribution channel, and region. Retail pharmacies hold the highest market share due to convenient transportation. The liquid syrup segment is expected to be the fastest growing segment during the forecast period. Liquid antacids come in a variety of flavors and are more popular among children and the elderly because they are more palatable.
North America held the highest market share in 2022 owing to well-developed medical infrastructure, easy availability of drugs, and rising incidence of heartburn and gastritis. In addition, the high incidence of gastroesophageal reflux disease, gastritis, peptic ulcer, and duodenal ulcer in the United States and neighboring North American countries increases the demand for antacids.
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Antacids Market Report Highlights:
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Some of the prominent players featured in the Antacids market report include Bayer AG, Abbott Laboratories, Johnson & Johnson, Sanofi, Procter & Gamble, Novartis Consumer Health, Pfizer, Dr. Reddy’s Laboratories Ltd., Sun Pharmaceuticals Ltd. Reckitt Benckiser Group Limited.
Industry trends and insights:
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Recently, Sun Pharmaceutical Ltd developed Pepmelt, an Ayurvedic digestive care product. It is an innovative product launched in the form of orally dissolving granules made from herbal ingredients.
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Antacids Market Segmentation:
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By region: North America, Latin America, Europe, Asia Pacific, Middle East and Africa.
About DataHorizon research:
DataHorizzon is a market research and consulting firm that helps organizations around the world develop growth strategies to adapt to changing business dynamics. Its offerings include consulting services and business insights across the enterprise to make actionable decisions. DHR’s comprehensive research approach for forecasting long-term and sustainable market trends helps organizations make complex decisions.
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