Global Antacids Market Size, Forecasts, And Opportunities
Learn about the global antacids market through The Business Research Company, which provides information on antacids market size, antacids market drivers and restraints, antacids market players, the COVID-19 impact on the antacids market, and more.
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The global antacids market is expected to grow from $2.91 billion in 2020 to $3.33 billion in 2021 at a compound annual growth rate (CAGR) of 14.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3.97 billion in 2025 at a CAGR of 4.5%.
Poor lifestyle choices resulting in higher prevalence of acidity is expected to drive innovation in antacids manufacturing, thus driving the market during the forecast period.
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The antacids market consists of sales of antacids which are used to neutralize stomach acid, and treat acid reflux, heartburn and indigestion. It includes drug class such as proton pump inhibitors, H2 antagonist, surgical simulators and acid neutralizers in the form of either tablet, liquid or powder. Examples of antacids include Alka Seltzer, Maalox, Mylanta, Rolaids, Tums and Pepto-Bismol.
Global Antacids Market Segments Include:
By Drug Class: Proton Pump Inhibitors, H2 Antagonist, Acid Neutralizers, Pro-Motility Agents
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Others
By Formulation Type: Tablet, Liquid, Powder, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Mouth-melting antacid is an emerging trend in the antacid market. Antacids were available in tablet, liquid and powder form until now, however, researchers have now come up with mouth-melting antacids which are made up of micro mouth melting granules that easily melt in the mouth. These granules present in the antacids act in the form of effervescent.
TBRC’s antacids market report covers:
Major Market Players: GlaxoSmithKline plc, Pfizer Inc., Bayer AG, Dr. Reddy’s Laboratories Ltd and AstraZeneca PLC.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Antacids Global Market Report 2021: COVID-19 Impact And Recovery to 2030 is one of a series of new reports from The Business Research Company that provides antacids market overviews, analyzes and forecasts market size, share, antacids market players, antacids market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s antacids market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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