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Digestives & Intestinal Remedies - Africa

Africa
  • In Africa, the revenue in the Digestives & Intestinal Remedies market market is projected to reach US$853.80m by the year 2024.
  • It is predicted that the market will experience an annual growth rate of 6.53% from 2024 to 2029 (CAGR).
  • When compared globally, China generates the highest revenue in this market, amounting to US$4.41bn in 2024.
  • In terms of per capita income, each person in Africa is expected to generate US$0.66 in revenue in 2024.
  • In Africa, there is a growing demand for natural and herbal digestive remedies, as consumers prioritize traditional medicine and seek alternative solutions for digestive health issues.

Definition:
The Digestives and Intestinal Remedies market comprises over-the-counter natural and synthetic digestive agents and remedies against gastrointestinal complaints. Digestives include preparations in the form of pills, powder, capsules, liquids, solutions, suspensions, drops and suppositories. Not included are prescription medicines, preparations that are against the state law or are not explicit digestive drugs (e.g. painkillers). Among the top-selling digestives are Perenterol, Iberogast, Dulcolax and Buscopan Plus. It includes both products which are exclusively sold in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.

Additional information:
The Digestives and Intestinal Remedies market comprises revenues, average revenue per capita. Sales channels show online and offline revenue. Revenues include VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included.
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In-Scope

  • Natural and synthetic agents
  • Digestive medicines
  • Remedies against gastrointestinal complaints

Out-Of-Scope

  • Prescription medicines
  • Homeopathic remedies
  • Tea
Digestives & Intestinal Remedies: market data & analysis - Cover

Market Insights report

Digestives & Intestinal Remedies: market data & analysis

Study Details

    Revenue

    Notes: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Analyst Opinion

    The Digestives & Intestinal Remedies market in Africa is experiencing significant growth and development in recent years. Customer preferences in the market are shifting towards natural and herbal remedies for digestive issues. Consumers are becoming more health-conscious and are seeking products that are gentle on their digestive systems. As a result, there is a growing demand for products that contain natural ingredients such as herbs, probiotics, and enzymes. This trend is driven by the increasing awareness of the potential side effects of synthetic medications and the desire for more sustainable and eco-friendly options.Another trend in the market is the rising popularity of over-the-counter (OTC) digestive remedies. Consumers are increasingly turning to self-medication for minor digestive issues such as indigestion, heartburn, and bloating. This shift is driven by the convenience and accessibility of OTC products, as well as the desire to avoid costly doctor visits and prescription medications. As a result, there is a growing demand for OTC digestive remedies in Africa.Local special circumstances in the African market play a significant role in the development of the Digestives & Intestinal Remedies market. Limited access to healthcare facilities and a shortage of healthcare professionals in some regions make self-medication a more viable option for consumers. Additionally, traditional medicine and herbal remedies have a long-standing presence in African culture, leading to a preference for natural and alternative treatments for digestive issues.Underlying macroeconomic factors also contribute to the growth of the Digestives & Intestinal Remedies market in Africa. Economic growth and increasing disposable incomes in many African countries have led to a rise in healthcare spending. As consumers have more money to spend on healthcare products, they are more likely to invest in digestive remedies to improve their overall well-being. Furthermore, urbanization and changing lifestyles have led to an increase in sedentary lifestyles and unhealthy eating habits, which in turn has resulted in a higher incidence of digestive issues and a greater demand for remedies.In conclusion, the Digestives & Intestinal Remedies market in Africa is experiencing growth and development due to shifting customer preferences towards natural and herbal remedies, the rising popularity of OTC products, local special circumstances such as limited access to healthcare facilities and a preference for traditional medicine, and underlying macroeconomic factors such as economic growth and changing lifestyles.

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    Data encompasses B2C spend. Figures are based on the OTC Pharmaceuticals market values, representing revenues generated by both product sales which take place exclusively in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.

    Modeling approach / Market size:

    Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market market. As a basis for evaluating markets, we use data from national statistical offices, international institutions, trade associations, and self-medication associations. Next, we use relevant key market indicators and data from country-specific associations, such as consumer healthcare spending, out-of-pocket healthcare expenditure, health system accessibilities, and GDP. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

    Additional notes:

    Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. Whereas this market covers only OTC drugs, the Statista Pharmaceuticals market covers both OTC and prescription drugs.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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