May 18, 2024
Laxatives Market

Laxatives Market Propelled By Growing Demand For Digestive Health Remedies

The Laxatives Market comprises a wide range of products like bulk forming laxatives, stimulant laxatives, osmotic laxatives and lubricant laxatives used to relieve constipation by softening and regulating bowel movements. Laxatives help maintain proper elimination, relieve occasional constipation and aid digestion. The global Laxatives Market is estimated to be valued at US$ 1.2 billion in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key Trends:

The demand for laxatives is growing rapidly owing to increasing cases of chronic constipation amongst individuals. Sedentary lifestyle, lack of physical activity, poor dietary habits and rising stress levels are contributing to growing incidences of constipation globally. According to a study published in Clinical Gastroenterology and Hepatology journal in 2022, the prevalence of chronic constipation varied from 2% to 27% across the world. Moreover, increasing awareness about digestive health and benefits of laxatives in treating constipation through health campaigns is fueling the sales of laxatives. Manufacturers are launching innovative formulations of laxatives with added digestive enzymes and probiotics to address constipation issues more effectively.

SWOT Analysis

Strength: Laxatives provide relief from constipation issues. Some herbal and homeopathic laxatives have lesser side effects compared to stimulant laxatives.
Weakness: Prolonged usage of stimulant laxatives can lead to dependency and weakening of intestinal muscles. Herbal and homeopathic laxatives have a slower onset of action.
Opportunity: Rise in lifestyle diseases and disorders associated with digestion has increased the adoption of laxatives. Growing geriatric population is another key opportunity.
Threats: Presence of substitute products like probiotics and preference for alternative therapies by some consumers act as threats. Stringent regulations over stimulant laxatives also restrict growth opportunities.

Key Takeaways

The global Laxatives Market Growth is expected to witness high growth over the forecast period of 2024 to 2031.

Regional analysis:

North America currently dominates the market led by the US. Growth in the region is driven by rising awareness about digestive disorders. Asia Pacific is expected to grow at the fastest pace due to rising geriatric population, growing medical tourism and improving access to healthcare in nations like India and China.

Key players:

Key players operating in the laxatives market are Bayer AG, GlaxoSmithKline Consumer Healthcare, Boehringer Ingelheim International, Procter & Gamble Company, Purdue Pharma. Recently acquired brands like Miralax and Dulcolax continue to be top-selling brands globally. Companies are investing in herbal and probiotic based products to target consumers looking for natural alternatives.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it