Market Insights Health OTC Pharmaceuticals

Digestives & Intestinal Remedies - Canada

Canada

In Canada, the revenue generated in the Digestives & Intestinal Remedies market market is estimated to reach US$260.90m in 2024.
It is projected to experience an annual growth rate of 1.98% (CAGR 2024-2029).
When compared to other countries worldwide, in China leads in terms of revenue generation, with US$4,408.00m in 2024.
Considering the population size, the per person revenues in Canada are approximately US$6.67 in 2024.
The demand for Digestives & Intestinal Remedies in Canada has been steadily increasing due to the growing health consciousness among Canadians.

Key regions: Canada, United States, Australia, Brazil, Japan

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Analyst Opinion

The Digestives & Intestinal Remedies market in Canada is experiencing steady growth due to changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: Customers in Canada are increasingly seeking natural and organic remedies for digestive issues. They are becoming more conscious of the ingredients in the products they consume and are opting for products that are free from artificial additives and preservatives. This shift in preference towards natural remedies is driving the demand for digestive and intestinal remedies that are derived from plant-based sources and have minimal side effects.

Trends in the market: One of the key trends in the Digestives & Intestinal Remedies market in Canada is the growing popularity of probiotic supplements. Probiotics are live bacteria and yeasts that are beneficial for the digestive system. They help restore the natural balance of bacteria in the gut and improve overall gut health. The increasing awareness about the importance of gut health and the benefits of probiotics has led to a surge in demand for probiotic supplements in Canada.Another trend in the market is the rising demand for digestive enzymes. Digestive enzymes are substances produced by the body that help break down food into nutrients that can be absorbed by the body. However, some individuals may have insufficient levels of digestive enzymes, leading to digestive issues. As a result, there is a growing demand for digestive enzyme supplements that can aid in the digestion and absorption of nutrients.

Local special circumstances: Canada has a large aging population, which is driving the demand for digestive and intestinal remedies. As individuals age, they may experience digestive issues such as indigestion, constipation, and acid reflux. This has created a significant market for products that can alleviate these symptoms and improve overall digestive health.

Underlying macroeconomic factors: The growing awareness about the importance of digestive health and the availability of a wide range of digestive and intestinal remedies are contributing to the growth of the market in Canada. Additionally, the increasing disposable income and changing lifestyles of consumers are enabling them to invest in their health and well-being, thereby driving the demand for digestive and intestinal remedies.In conclusion, the Digestives & Intestinal Remedies market in Canada is witnessing growth due to the changing customer preferences towards natural and organic remedies, emerging trends such as probiotic supplements and digestive enzymes, the special circumstances of an aging population, and underlying macroeconomic factors such as growing awareness and disposable income.

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.