Digestives & Intestinal Remedies - Malta

Malta

Highlights

In Malta, the revenue in the Digestives & Intestinal Remedies market market in 2024 amounted to US$6.74m.
It is projected to experience an annual growth rate of 2.93% (CAGR 2024-2029).
When compared globally, China generates the highest revenue in this market, reaching US$4.41bn in 2024.
In terms of per person revenues, each individual in Malta generated US$12.56 in 2024.
Maltese consumers are increasingly turning to natural and herbal remedies for digestive issues, driving the demand for organic digestive and intestinal remedies in the OTC pharmaceutical market.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Digestives & Intestinal Remedies market in Malta has been experiencing steady growth in recent years.

Customer preferences: Customers in Malta have shown a growing interest in digestive and intestinal remedies. This can be attributed to several factors, including an increasing awareness of digestive health and a desire for natural and holistic remedies. Consumers are becoming more conscious of the impact of their diet and lifestyle on their digestive system, leading them to seek out products that can help alleviate digestive issues and promote overall gut health. Additionally, the aging population in Malta has also contributed to the demand for digestive and intestinal remedies, as older individuals are more prone to digestive problems.

Trends in the market: One of the key trends in the Digestives & Intestinal Remedies market in Malta is the rising popularity of probiotics. Probiotics are live bacteria and yeasts that are beneficial for the digestive system. They are believed to restore the natural balance of bacteria in the gut, improve digestion, and boost overall gut health. Probiotic supplements and foods have gained significant traction among consumers in Malta, with many seeking out these products to support their digestive health.Another trend in the market is the increasing demand for natural and herbal remedies. Consumers in Malta are becoming more conscious of the potential side effects of conventional medications and are turning to natural alternatives for digestive and intestinal issues. Herbal remedies, such as chamomile tea and peppermint oil, are gaining popularity as they are perceived to be gentler on the digestive system and have fewer side effects.

Local special circumstances: Malta's unique geographical location and Mediterranean climate have contributed to the demand for digestive and intestinal remedies. The Maltese diet, which is rich in Mediterranean cuisine, often includes foods that can be heavy on the digestive system, such as pastries and fried foods. This, coupled with the warm climate, can lead to digestive discomfort and issues. As a result, consumers in Malta are more inclined to seek out products that can help alleviate these symptoms and promote better digestive health.

Underlying macroeconomic factors: The growing Digestives & Intestinal Remedies market in Malta can also be attributed to the country's overall economic growth and increasing disposable income. As the Maltese economy continues to expand, consumers have more purchasing power and are willing to invest in their health and well-being. This has led to an increased demand for digestive and intestinal remedies, as consumers are more willing to spend on products that can improve their quality of life.In conclusion, the Digestives & Intestinal Remedies market in Malta is experiencing growth due to increasing customer preferences for natural and herbal remedies, as well as the rising popularity of probiotics. The unique local circumstances, such as the Mediterranean diet and warm climate, have also contributed to the demand for these products. Additionally, the country's overall economic growth and increasing disposable income have played a role in driving the market forward.

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.