Global Antacids Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Antacids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global antacids industry growth, size, share, trends and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global antacids market size reached US$ 6.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
Antacids, available without a prescription, serve as medications designed to counteract surplus stomach acid. They are typically composed of substances such as calcium carbonate, aluminum hydroxide, magnesium hydroxide, or a blend of these ingredients. Their mechanism of action involves a reaction with stomach acid, which effectively diminishes its acidity and provides relief from discomfort. These antacids come in diverse forms, including tablets, liquid preparations, and chewable variants, and are commonly utilized for swift relief from conditions like heartburn, indigestion, and sour stomach.
Global Antacids Market Trends and Drivers:
The prevalence of conditions like gastroesophageal reflux disease (GERD), acid reflux, heartburn, indigestion, peptic ulcers, and gastritis is on the rise. Furthermore, the increasing elderly population, which is more susceptible to these ailments, is a key driver for the global demand for antacids. This trend can also be attributed to shifting lifestyles characterized by irregular eating habits, disrupted sleep patterns, and sedentary routines. Additionally, heightened awareness of digestive health and the easy availability of over-the-counter (OTC) antacids contribute to the market’s growth. The growing culture of coffee consumption and social drinking occasions, which can lead to digestive discomfort, is also positively impacting the market. Furthermore, the convenient accessibility of antacids through both online and offline channels, including pharmacies and convenience stores, is bolstering market expansion.
Global Antacids Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Abbott Laboratories, AstraZeneca plc, Bayer AG, Boehringer Ingelheim International GmbH, Dr. Reddy’s Laboratories Ltd., GlaxoSmithKline plc, Johnson & Johnson, Pfizer Inc., Procter & Gamble Company, Reckitt Benckiser Group PLC, Sanofi S.A., Sun Pharmaceutical Industries Ltd. and Takeda Pharmaceutical Company Limited.
The report segmented the market on the basis of region, drug class, formulation type and distribution channel.
Breakup by Drug Class:
- Proton Pump Inhibitors
- H2 Antagonist
- Acid Neutralizers
- Pro-Motility Agents
Breakup by Formulation Type:
- Tablet
- Liquid
- Powder
- Others
Breakup by Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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