Global Antacids Market to grow with a CAGR of 3.60 %

Increasing healthcare infrastructure and a supportive regulatory environment are the major drivers for the Global Antacids Market.

According to TechSci Research report, “Global Antacids Market Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Global Antacids Market has valued at USD 6.20 billion in 2022 and is anticipated to witness an impressive growth in the forecast period with a CAGR of 3.60% through 2028. This can be due to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market. Stressful lifestyles can drive the demand for antacids. Stress can have a significant impact on the gastrointestinal system and contribute to the development of acid-related disorders, which can lead to an increased need for antacids. Chronic stress can result in muscle tension, including in the abdominal area. Muscle tension can affect the proper functioning of the lower esophageal sphincter (LES), which normally prevents stomach acid from flowing back into the esophagus. This can lead to acid reflux and discomfort. Individuals experiencing high levels of stress may resort to unhealthy coping mechanisms, such as overeating, consuming comfort foods that are often high in fat, or engaging in excessive alcohol or caffeine consumption. These behaviors can trigger or worsen acid-related disorders. Stressful lifestyles can lead to irregular eating schedules or skipped meals. Irregular eating can affect stomach acid production and digestion, potentially contributing to indigestion. Stress can make the gastrointestinal system more sensitive to the effects of stomach acid, leading to an increased risk of experiencing symptoms like heartburn, acid indigestion, and upset stomach. Work-related stress, especially in demanding or high-pressure jobs, can be a common trigger for heartburn and indigestion. The demands of the job, long hours, and irregular breaks can contribute to these conditions.

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The market is expected to experience growth due to the development and approval of several new tablets designed to reduce gastric acid. For example, in August 2022, AstraZeneca received approval for a new tablet formulation that effectively reduced acid reflux in individuals with blood cancer. This development is likely to drive market growth, especially considering the increasing annual diagnoses of cancer patients, which further underscores the need for interventions in this patient population. In March 2023, Wonderbelly, a pioneering company in the clean medicine movement with a focus on digestive health, has announced the launch of its Wonderbelly Antacid chewable tablets in select Target stores and on Target.com. These tablets are known for their clean ingredients, appealing taste, and sustainable packaging. Wonderbelly Antacid, the flagship product of Wonderbelly, which is based in Austin, is an FDA-regulated over-the-counter remedy that provides immediate and efficient relief from heartburn, acid indigestion, and sour stomach. It contains the same active ingredient as leading brands, Calcium Carbonate, and is distinguished by being non-GMO, vegan, and free from talc, dyes, gluten, dairy, common allergens, synthetic sweeteners, artificial flavors, and parabens. In addition to addressing the less-discussed aspects of digestion, such as bloating, burping, and bowel movements, Wonderbelly is also contributing to the conversation about eating disorders and prevalent digestive health issues like GERD (chronic acid reflux), which can significantly impact the digestive system but are often overlooked.

Market saturation can be a challenge in the global antacids market. Market saturation occurs when a product category, in this case, antacids, has reached a point where most potential customers who would benefit from the product are already using it, leaving limited room for further expansion. With a limited pool of potential customers, competition among antacid manufacturers can become very fierce. Established brands may struggle to gain market share, and new entrants may find it difficult to establish a foothold. High competition often leads to price pressure, with manufacturers and retailers lowering prices to attract cost-conscious consumers. This can impact profit margins and the overall profitability of the antacids market. Market saturation can make it challenging for companies to introduce truly innovative products that stand out from the competition. Manufacturers may be compelled to focus on product differentiation or branding strategies. Established brands may have strong brand loyalty, making it difficult for newcomers to gain customer trust and market share. As the market saturates, attracting new consumers can require substantial efforts in consumer education. Manufacturers may need to invest in marketing campaigns to persuade consumers to switch brands or try new products.

Global Antacids Market is segmented based on Type, End-Use, and by region.  Based on the Type, Global Antacids Market is segmented into Tablet, Liquid, others. Liquid antacids are a category of over the counter (OTC) medications used to provide relief from symptoms associated with excessive stomach acid, such as heartburn, acid indigestion, and upset stomach. These antacids are formulated as liquid suspensions, and they work by neutralizing or reducing the acidity in the stomach. Liquid antacids typically contain one or more active ingredients that are alkaline or basic in nature. Liquid antacids work by neutralizing or reducing the acidity in the stomach. When ingested, the active ingredients react with excess hydrochloric acid in the stomach. This reaction results in an increase in pH, reducing the acidity of the gastric contents. By doing so, liquid antacids help alleviate the symptoms associated with acid reflux, including the regurgitation of acidic stomach contents into the esophagus.

Based on Region, North America held the largest share in the Global Antacids Market. North America offers a wide range of antacid products, including established brands and newer, innovative formulations. This variety caters to diverse consumer preferences. Increasingly, consumers in North America are looking for antacids with natural ingredients and fewer additives, leading to the introduction of new, more "natural" antacid products. The region has a robust regulatory framework that ensures the safety and quality of pharmaceutical products, including antacids. This fosters consumer trust in the products available. North America has a relatively high level of disposable income, allowing consumers to purchase OTC antacids. The ability to afford these medications contributes to the strong market presence. The region is home to numerous pharmaceutical companies and research institutions that focus on gastrointestinal health, leading to product innovation and advancements in antacid formulations.

Some of the major companies operating in the Global Antacids Market include:

• GlaxoSmithKline plc
• Bayer AG
• Boehringer Ingelheim International GmbH
• Dr. Reddy’s Laboratories Ltd.
• Sanofi SA
• Reckitt Benckiser Group plc
• Sun Pharmaceuticals Ltd.
• Takeda Pharmaceutical Company Limited
• Pfizer Inc.
• Procter & Gamble Co.

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“Certain areas, particularly in North America, are projected to exert significant demand for Antacids. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhance the overall wellbeing of people each year, are expected to contribute to a remarkable growth of the Global Antacids Market in the forecast period," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

Antacids Market by Type (Tablet, Liquid, others), By End-use (Retail Pharmacy, Hospital Pharmacy, Online Pharmacy), By Region, By Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of Global Antacids Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Antacids Market.

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