|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD6.20
billion
|
|
CAGR
(2023-2028)
|
3.60%
|
|
Fastest
Growing Segment
|
Tablet
Segment
|
|
Largest
Market
|
North
America
|
Market Overview
Global Antacids Market was 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. Antacids are a category of over the
counter (OTC) or prescription medications that are primarily used to relieve
symptoms associated with excessive stomach acid and acidity in the
gastrointestinal tract. They work by neutralizing or reducing the acidity of
the stomach's gastric contents, which can help alleviate symptoms such as
heartburn, acid indigestion, and upset stomach. Antacids contain active ingredients that are alkaline
(basic) in nature. When consumed, these ingredients react with and neutralize
the excess hydrochloric acid in the stomach, raising the pH level and reducing
the acidity. Antacids act as chemical buffers, maintaining the pH of the
stomach within a normal or less acidic range. This buffering effect helps
alleviate the discomfort caused by the regurgitation of acidic stomach contents
into the esophagus, which is a common cause of heartburn. Antacids are
typically used to relieve symptoms of heartburn, acid reflux, acid indigestion,
and upset stomach. They can provide rapid relief, making them suitable for
short-term management of mild to moderate acid-related conditions. Unhealthy
dietary habits, including the consumption of spicy and acidic foods, and
irregular eating schedules, contribute to acid-related disorders. These dietary
changes drive the need for antacids. The
global aging population is more prone to acid-related disorders, which often
become more common with age. As the elderly demographic grows, so does the
demand for antacids. The
availability of antacids as over the counter (OTC) medications without a
prescription makes them easily accessible to consumers. This convenience
encourages self-medication and drives sales. Pharmaceutical companies continuously innovate and develop
new antacid formulations, offering consumers a broader range of products that
are more effective and faster-acting.
Key Market Drivers
Changing Dietary Habits
Spicy and acidic foods, such as citrus fruits, tomatoes, and
foods high in spices or vinegar, can trigger or exacerbate heartburn and acid
reflux. As people incorporate these foods into their diets, they may experience
acid-related discomfort and seek relief through antacids. Diets high in fat can
slow down digestion and increase the risk of acid reflux. Fast food and
processed foods, which are often high in fat, contribute to dietary habits that
can lead to heartburn and indigestion. Overeating, especially in a single large
meal, can put pressure on the lower esophageal sphincter (LES), allowing
stomach acid to flow back into the esophagus. People with a tendency to consume
big meals may experience heartburn, making antacids a go-to solution. Late-night
eating can disrupt sleep patterns and increase the risk of acid reflux. As
individuals develop habits of eating close to bedtime, they may experience
acid-related discomfort, prompting the use of antacids.
Skipping meals or eating irregularly can lead to fluctuations
in stomach acid production, increasing the likelihood of heartburn and
indigestion when food is finally consumed. For some individuals, specific foods
act as triggers for heartburn or indigestion. These trigger foods can vary from
person to person but often include coffee, chocolate, alcohol, and mint. As
people consume these foods, they may experience symptoms that lead to antacid
use. Obesity is a significant risk factor for acid reflux and GERD. Dietary
habits that contribute to weight gain can indirectly drive the demand for
antacids as obese individuals are more prone to acid-related disorders. Diets
high in processed and sugary foods can contribute to gastrointestinal issues
and heartburn. As these diets become more common, the demand for antacids may
increase. The consumption of caffeinated beverages like coffee and carbonated
drinks can relax the LES and increase stomach acid production, potentially
leading to heartburn. The globalization of food and the popularity of
international cuisines can introduce people to new and spicy foods, which may
be less familiar to their digestive systems and increase the likelihood of
heartburn. This factor will help in the development of the Global Antacids Market.
Innovation in Formulations
Manufacturers have developed antacids that work more rapidly
to provide immediate relief from heartburn and indigestion. These fast-acting
formulations can neutralize stomach acid quickly, offering prompt relief. Some
formulations are designed to provide sustained relief over an extended period,
reducing the need for frequent dosing. This is especially valuable for
individuals with chronic acid-related conditions. Chewable antacid tablets
offer convenience and portability. They are an appealing option for individuals
who prefer not to swallow traditional tablets or capsules. These formulations
are available in various flavors. Effervescent antacids are designed to
dissolve quickly in water, producing a bubbly solution that can be consumed for
rapid relief. They offer a different delivery method for those who prefer
liquid forms. Some formulations combine multiple active ingredients to address
multiple symptoms simultaneously. For example, they may include an antacid to
neutralize stomach acid and an H2 blocker to reduce acid production. Antacids
with natural and organic ingredients are gaining popularity as consumers become
more health conscious. These formulations may use naturally derived active
ingredients, such as calcium carbonate derived from natural sources. Innovations
in antacid formulations often focus on reducing the sodium and aluminum
content. This is particularly important for individuals who need to limit their
intake of these elements.
Formulations with reduced sugar or artificial sweeteners
cater to consumers looking for sugar-free or low-calorie antacid options. Manufacturers
offer a wide range of flavors to make antacids more palatable. This variety
helps cater to consumer preferences and can make the experience of taking
antacids more enjoyable. Innovative packaging includes single-dose packets and
on-the-go packaging for busy individuals who need to carry antacids with them.
This convenience factor enhances the user experience. Gel-based antacids may
provide a soothing, coating effect in addition to acid neutralization, offering
relief to those with more severe symptoms. Some formulations use natural
sweeteners, like stevia or honey, instead of artificial sweeteners or
high-sugar content, to make the antacids more appealing. Antacids catering to
specific dietary restrictions, such as gluten-free or allergen-free
formulations, meet the needs of individuals with dietary sensitivities or
allergies. Some formulations are developed to address a range of symptoms, such
as gas, bloating, and upset stomach, in addition to heartburn and acid
indigestion. This factor will pace up the demand of the Global Antacids Market.
Increasing Aging Population
As individuals age, the muscles in the
lower esophageal sphincter (LES), which normally prevent stomach acid from
flowing back into the esophagus, may weaken. This can lead to a condition known
as gastroesophageal reflux disease (GERD) or acid reflux, increasing the
likelihood of heartburn and indigestion. Aging can lead to delayed gastric
emptying, which means that the stomach takes longer to digest food. This can
result in prolonged exposure to stomach acid and an increased risk of
acid-related discomfort. Older adults often take medications for various health
conditions. Some medications, such as non-steroidal anti-inflammatory drugs
(NSAIDs) and certain osteoporosis medications, can irritate the stomach lining
and increase the risk of heartburn and gastritis. Seniors may experience
changes in dietary habits, including consuming softer or blander foods. These
changes can affect the body's natural acid-buffering capacity and increase the
likelihood of indigestion.
Older individuals are more likely to
have chronic health conditions, such as obesity, which are associated with an
increased risk of GERD and other acid-related disorders. Age-related weight
gain can contribute to abdominal obesity, increasing the pressure on the
stomach and causing stomach contents to push against the LES, leading to acid
reflux. Factors like sedentary lifestyles and lack of physical activity can
contribute to obesity and increase the risk of acid reflux in older adults. Some
older individuals may have acid-related disorders that go undiagnosed or are
underdiagnosed, leading to delayed treatment and a greater reliance on
antacids. The elderly often take multiple medications, and these drugs can
interact with each other or have side effects that affect the gastrointestinal
system. This can lead to heartburn and indigestion, prompting the use of
antacids. Aging can lead to a reduced tolerance for spicy or acidic foods,
which are more likely to trigger heartburn and indigestion. Some older individuals
become more sensitive to dietary triggers like caffeine, alcohol, and certain
spices, making them more susceptible to acid-related discomfort. This factor will
accelerate the demand of the Global Antacids Market.
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Key Market Challenges
Generic Competition
As patents for branded antacid
medications expire, generic drug manufacturers are legally allowed to produce
and market their versions of the same medications. This leads to an increase in
the availability of generic antacids. Generic antacids are typically more
cost-effective than their branded counterparts. This price advantage is
attractive to cost-conscious consumers, healthcare providers, and healthcare
systems. The proliferation of generic antacid products can fragment the market,
making it more challenging for branded antacids to maintain market share and
premium pricing. Many consumers trust generic medications, believing that they
are equivalent in quality and efficacy to their branded counterparts. This
trust further drives the demand for generic antacids.
Generic antacids must meet the same
regulatory standards for safety and efficacy as branded products. Once approved
by regulatory agencies, they become competitive alternatives in the market. Health
insurance plans and formulary lists often favor the use of generic medications,
making them more accessible and cost-effective for patients. Pharmacies may
dispense generic versions of antacids in place of branded products, unless
specifically requested by the patient or healthcare provider. In response to
generic competition, some pharmaceutical companies may choose to reduce the
prices of their branded antacids or offer rebates and incentives to maintain
their market share. Branded antacids invest heavily in marketing and branding
to maintain consumer loyalty and differentiate their products. However, generic
competition can still erode their market presence.
Growth of Prescription
Alternatives
As more people seek prescription
medications for acid-related disorders, it can result in a shift away from OTC
antacids. Consumers may prefer the perceived efficacy and specificity of
prescription medications, particularly in cases of severe or chronic conditions.
Prescription medications, such as proton pump inhibitors (PPIs) and H2
blockers, can provide more potent and sustained relief for individuals with
severe or persistent acid-related disorders. This can make them a preferred
choice for patients and healthcare providers. Many prescription medications are
covered by health insurance, making them more affordable for patients,
especially those with insurance coverage. This can reduce the cost advantage of
OTC antacids. Healthcare providers can diagnose the severity of acid-related
disorders and prescribe appropriate treatments. Patients often rely on the
expertise of medical professionals, leading to the use of prescription
alternatives.
Chronic acid reflux and GERD may require
long-term management. Patients are more likely to receive and continue with
prescription alternatives under the guidance of their healthcare providers. Some
patients may have underlying medical conditions that contribute to their
acid-related disorders. Prescription medications can target both the symptoms
and the underlying causes. Pharmaceutical companies marketing prescription
alternatives often invest significantly in promotion and awareness campaigns,
impacting consumer behavior and the choices they make. Some individuals may
overuse OTC antacids, leading to potential side effects like electrolyte
imbalances. Healthcare providers may opt for prescription alternatives to
better manage patients' conditions.
Key Market Trends
E-commerce and Online
Retail
E-commerce and online retail provide a
convenient way for consumers to purchase antacids. They can browse, compare
products, and make purchases from the comfort of their homes, saving time and
effort. Online platforms offer a broader selection of antacids, including
different brands, formulations, and flavors. This variety allows consumers to
choose products that best suit their preferences and needs. Online platforms
provide detailed product information, customer reviews, and expert
recommendations, enabling consumers to make informed choices when selecting
antacids. Consumers can easily compare prices of antacids across multiple
online retailers, helping them find the best deals and discounts.
Online retailers often carry niche or
specialty antacid products, such as those with natural ingredients or unique
formulations, catering to specific consumer preferences. Online shopping allows
consumers to purchase antacids in bulk, potentially saving them money and
ensuring a steady supply. Antacids can be delivered to the consumer's doorstep,
eliminating the need for a trip to a physical store. This is particularly
appealing for individuals with mobility issues or those living in remote areas.
Some e-commerce platforms offer subscription services for antacids, ensuring
regular and convenient delivery of these products to customers. Online shopping
provides privacy and discretion, which can be important for individuals seeking
relief from sensitive gastrointestinal issues.
Segmental Insights
Type Insights
In 2022,
the Global Antacids Market largest share was held by tablets segment and is
predicted to continue expanding over the coming years. Tablets are simple and convenient to use. They offer
a precise dosage, making it easier for consumers to control the amount they
take, which is important when seeking relief from heartburn or indigestion. Tablets
are highly portable, allowing users to carry them in their purse, pocket, or
bag. This mobility is especially advantageous for individuals who may need
antacids on the go. Tablets generally have a longer shelf life compared to
liquid antacids. This means consumers can stock up on tablets without worrying
about them expiring quickly.
Tablets offer consistent and accurate dosing, which can be
important for managing acid-related discomfort. Consumers can easily follow
recommended dosage instructions. The tablets segment offers a wide variety of
formulations, including chewable tablets, effervescent tablets, and traditional
swallowable tablets. This variety allows consumers to choose a product that
aligns with their preferences and needs. Chewable tablet formulations often
come in various flavors, which can make them more appealing to consumers who
prefer a specific taste. Unlike liquid antacids, tablets are mess-free. They
don't spill, leak, or require special storage considerations. Some tablet
formulations are designed to provide longer-lasting relief compared to liquid
antacids. This can be an attractive feature for consumers seeking extended
relief from heartburn and indigestion.
End-Use Insights
In 2022,
the Global Antacids Market largest share was held by retail pharmacy
segment in the forecast period and
is predicted to continue expanding over the coming years. Retail
pharmacies are widely distributed and easily accessible to consumers in urban
and rural areas. Patients can obtain antacids conveniently from their local
pharmacy without the need for a prescription, making it a popular choice for
those seeking immediate relief from heartburn and indigestion. Antacids are
often available as over the counter (OTC) medications, and retail pharmacies
are the primary outlets for OTC products. Consumers can purchase antacids
without a doctor's prescription, which aligns with the self-medication trend
and promotes the sale of antacids in retail settings. Retail pharmacists can
provide valuable information and recommendations to customers. They can help
consumers select the most appropriate antacid based on their symptoms, medical
history, and any potential interactions with other medications they may be
taking.
Retail pharmacies typically offer a wide selection of antacid
brands and formulations, giving consumers the opportunity to choose products
that suit their preferences, including flavor, form (tablets, liquids,
chewable, etc.), and specific ingredients. Consumers often have trust in their
local retail pharmacies due to the established reputation of these businesses.
This trust factor can lead to a higher likelihood of consumers choosing to
purchase antacids from these establishments. Many retail pharmacies offer additional healthcare services, such
as flu shots, health screenings, and medication counseling. This multifaceted
approach to healthcare encourages consumers to visit these locations for their
various health needs, including antacids.
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Regional Insights
The North
America region dominates the Global Antacids Market in 2022. North America has
a relatively high incidence of acid-related gastrointestinal disorders, such as
heartburn, gastroesophageal reflux disease (GERD), and indigestion. Lifestyle
factors, including dietary habits and stress, contribute to this prevalence. As
a result, there is a consistent demand for antacids in the region. The aging
population in North America is more susceptible to acid-related disorders due
to changes in digestion and increased use of medications that can trigger
heartburn or indigestion. This demographic trend has driven the demand for
antacids. Consumers in North America are generally well-informed about
healthcare options, including OTC antacids. They often seek relief from
heartburn and indigestion through self-medication, contributing to a robust OTC
antacids market. North America has a well-developed healthcare infrastructure,
making antacids readily available through various distribution channels,
including pharmacies, supermarkets, and online retail. Pharmaceutical companies
have invested significantly in marketing and promoting antacid products in
North America, increasing consumer awareness and brand recognition.
Recent Developments
- In February 2021, GSK
Consumer Healthcare has introduced TUMS Naturals, a new antacid that harnesses
natural ingredients, expanding the TUMS product line. TUMS, recognized as
America's leading heartburn relief medication, is responding to the increasing
consumer preference for natural products by including antacids that are devoid
of artificial flavors and dyes in its comprehensive range of heartburn relief
solutions. Like all the brand's offerings, TUMS Naturals provides swift and
potent relief for multiple symptoms associated with heartburn, including chest
burning, acid indigestion, and upset stomach, enabling those affected by
heartburn to savor their "worth the burn" or #TUMSworthy moments.
TUMS Naturals rapidly target the source of heartburn, dissolving promptly to
neutralize stomach acid upon contact. The product is available in two
delightful fruity flavors – Black Cherry & Watermelon and Coconut Pineapple
– both featuring the natural active ingredient Calcium Carbonate and, notably,
no artificial flavors, dyes, GMOs, or gluten.
- 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.
Key Market Players
- 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.
|
By
Type
|
By
End-Use
|
By
Region
|
|
|
- Retail
Pharmacy
- Hospital
Pharmacy
- Online
Pharmacy
|
- North
America
- Asia-Pacific
- Europe
- South
America
- Middle
East & Africa
|
Report Scope:
In this report, the Global Antacids Market has been
segmented into the following categories, in addition to the industry trends
which have also been detailed below:
- Antacids Market, By Type:
o Tablet
o Liquid
o Others
- Antacids Market, By End-Use:
o Retail Pharmacy
o Hospital Pharmacy
o Online Pharmacy
- Antacids Market, By region:
o North America
§
United
States
§
Canada
§
Mexico
o
Asia-Pacific
§ China
§ India
§ South Korea
§ Australia
§ Japan
o
Europe
§
Germany
§
France
§
United
Kingdom
§
Spain
§
Italy
o
South
America
§
Brazil
§
Argentina
§
Colombia
o
Middle
East & Africa
§
South
Africa
§
Saudi
Arabia
§
UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Antacids
Market.
Available Customizations:
Global Antacids Market report with the given
market data, Tech Sci Research offers customizations according to a company's
specific needs. The following customization options are available for the
report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
Global Antacids Market is an upcoming report to be
released soon. If you wish an early delivery of this report or want to confirm
the date of release, please contact us at [email protected]