Dublin, Aug. 19, 2024 (GLOBE NEWSWIRE) — The “Global Antacids Market Report by Formulation Type Distribution Channel Drug Class Countries and Company Analysis, 2024-2032” report has been added to ResearchAndMarkets.com’s offering.
Global antacids Market will be expected to cross US$ 9.70 billion by 2032 with a CAGR of 3.89% from 2024 to 2032
This growth has been fostered by the rising incidence of gastrointestinal disorders as well as improved lifestyle, and increased access to health care, which speaks volumes of the global need for effective, and easy to use antacids.
Rising Prevalence of Gastrointestinal Disorders
An increase in the prevalence of gastrointestinal diseases such as acid reflux, GERD, and peptic ulcers is another factor that affects the demand for antacids. Therefore, modern development affects the augmentation of these pathologies due to the improper diet, frequent consumption of fast food, irregular food times, and increased levels of stress.
As more people complain of heartburn, indigestion, and ‘stomach upset’, more people will be in the market for over the counter treatments like antacids. This is evident in the urban workers who had altered their lifestyle leading to various strains which affected their health. Further, the rising incidence of aging people who are vulnerable to various digestion related disorders advanced the market since the elderly will always look for products and services that they can afford to use to solve their digestion problems.
Increasing awareness and accessibility
As the awareness of the options for antacids and their benefits spreads, the market for them is growing. Concerning the public knowledge and availability of health information on the internet and social media, the population is receiving better information on managing simple diarrhea using OTC drugs. Sales and marketing of these products’ consumer goods are also assisted by pharmacies and retail stores so that these products may reach the consumer.
Moreover, the growth of the electronic market places made the access to the antacids easier for the consumers which improved the accessibility of the product. As individuals gain a better and enhanced understanding of what antacids are and where they can get them, a lot of people would utilize them for acid-related symptoms; therefore, the market balloons in size very quickly.
Advancements in Antacid Formulations
New developments in the preparation of antacid has played most of the vital role in the growth of the market. Today’s antacids are available in tablets, liquids, chewable forms and gels to a fit the consumer’s taste as well as requirements. New types, like sugar-free, flavoured and the ones that dissolve quickly also increase its appeal to more people which makes antacids a better product.
Creating combination products with other useful active substances, such as simethicone for regulated intestinal gas, gives better solutions for the problems with gastrointestinal tracts. They enhance the efficiency and usability of antacids and increase its popularity among the consumers which contributes to market development.
Lifestyle Changes and Dietary Habits
Increased awareness and consciousness among the people about the excessive use of antacids can be another factor, which is also demanding new and improved products or brands of antacids in the global market. Intake of processed foods and high fat diets and products, caffeine and alcohol contribute a lot to heart burn and other cases of indigestion. These complications are aggravated by busy schedules and stress hence the need for quick and efficient remedy solutions.
Because of the immediate action of antacids and ease of access, people consider them as a perfect remedy for solving their digestive problems. This trend is especially seen in the more developed economy countries where the populations are often under lots of pressure with their busy daily schedules and harsh working conditions as well as indulging themselves with lots of fatty foods frequency, and therefore, the ever-rising market for antacids.
Asia Pacific Antacids Market
The Asia Pacific antacids market is growing because of the rising prevalence of GID linked with lifestyle factors and food preferences. From these causes of the digestion problem, one may infer that quick growth of urban centers, fast foods consumption, and pressure have played crucial roles in provoking acid reflux and indigestion. In the same regard, increased consumer knowledge on the availability of OTC medications and ease of access to healthcare facilities contributes to the market’s growth.
Major contributors include China, India and Japan due to the large population of patients as well as growing health industries. Variety of ways has been manufactured to reach out to customers through tablets, liquids and chewable help propel the antacid market. Thus, anticipating the further development of the economy, it is pertinent to note that the Asia Pacific region will experience constant growth in the demand for antacids.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 210 |
| Forecast Period | 2023 – 2032 |
| Estimated Market Value (USD) in 2023 | $6.88 Billion |
| Forecasted Market Value (USD) by 2032 | $9.7 Billion |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | Global |
Company Analysis: Overviews, Recent Developments, Revenue
- Abbott Laboratories
- AstraZeneca plc
- Bayer AG
- Boehringer Ingelheim International GmbH
- Dr. Reddy’s Laboratories Ltd.
- GlaxoSmithKline plc
- Johnson & Johnson
- Pfizer Inc.
- Procter & Gamble Company
- Sanofi S.A.
- Sun Pharmaceutical Industries Ltd.
- Takeda Pharmaceutical Company Limited
Drug Class – Global Antacids Market in 4 Viewpoints
- Proton Pump Inhibitors
- H2 Antagonist
- Acid Neutralizers
- Pro-Motility Agents
Formulation Type – Global Antacids Market in 4 Viewpoints
- Tablets
- Liquid
- Powder
- Others
Distribution Channel – Global Antacids Market in 3 Viewpoints
- Retail Pharmacy
- Hospital Pharmacy
- Online Pharmacy
Geography – Global Antacids Market
- North America
- United States
- Canada
- Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherlands
- Turkey
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Malaysia
- Indonesia
- New Zealand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
For more information about this report visit https://www.researchandmarkets.com/r/xttl40
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