The antacids market valued for $6.67 Billion in 2022 and is estimated to reach $9.06 Billion by 2032, exhibiting a CAGR of 3.1% from 2023 to 2032.
Antacid is a medication that is used to alleviate heartburn and indigestion. These medications act by reducing the amount of hydrochloric acid secreted in the stomach. The stomach secretes hydrochloric acid to carry out the digestion process. As the acid is corrosive, a mucous barrier protects the lining of the stomach from being eroded. However, acid reflux or issues associated with the mucous barrier can result in heartburn. This In such cases, antacids are used to neutralize the acid present in the stomach to produce a neutral substance, such as water or salt. This reduces the acidity in the stomach and relieves symptoms of heartburn and indigestion.
Antacids are available in various types of formulations such as tablets, liquids, and others, along with a range of flavors and strengths. These medications are safe to use in moderation and can be effective for mild symptoms. Common ingredients in antacids include aluminum hydroxide, magnesium hydroxide, calcium carbonate, and sodium bicarbonate. Some antacids are given in combination such as simethicone along with calcium carbonate or magnesium hydroxide and simethicone, which is used to relieve gas and bloating.
The growth of the global antacids market is driven increase in prevalence of acid-related conditions, convenience & accessibility of over-the-counter (OTC) antacids, and rise in number of patients engaging in self-medication. Acid-related conditions involve a range of gastrointestinal disorders that are caused by excessive secretion of gastric acid, such as gastroesophageal reflux disease (GERD), peptic ulcers, and dyspepsia. Increase in prevalence of these acid-related conditions acts as a major driver of the antacids market. For instance, according to the National Library of Medicine in 2020, more than 60 million Americans experience heartburn at least once a month.
However, excessive use of antacids leads to a range of side effects that potentially hinder the growth of the market. For instance, antacids may affect the levels of electrolytes in the body, such as sodium, potassium, and calcium. In addition, prolonged use of antacids can put strain on the kidneys, leading to problems such as kidney stones or renal failure. In addition, low awareness about acid reflux, gastroesophageal reflux disease (GERD), and other conditions and available treatment among the population of underdeveloped countries acts as a key restraint of the market.
On the contrary, increase in focus of manufacturers to develop cost-effective and wide range of medications with less side effects is expected to offer lucrative opportunities for the market growth. For instance, Alkem Laboratories offers Omee MPS liquid, which is available in a range of flavors such as mint, orange, and saunf as well as Omee Chewtabs, which are available in the same flavors. These antacids are affordable, and thus, have witnessed increased adoption in developing and developed countries.
In addition, people in underdeveloped countries are becoming aware about antacid medications available in the market and their use in managing acidity and other acid-related conditions. This is anticipated to boost the market during the forecast period. In addition, emerging countries in Asia-Pacific and LAMEA are characterized by presence of large population base along with rapid economic growth and increase in healthcare expenditure. All these factors are anticipated to increase the demand for antacids in these regions, thereby boosting the global market growth.
The global antacids market is segmented into medication type, formulation type, distribution channel, and region. By product, the market is bifurcated into systemic antacids and non-systemic antacids. On the basis of formulation type, it is categorized into tablet, liquids, and others. By distribution channel, it is segregated into hospital pharmacies, drug stores & retail pharmacies, and online providers.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major key players that operate in the Abbott Laboratories, Pfizer Inc., Prestige Consumer Healthcare Inc., Cipla Ltd, Reckitt Benckiser Group PLC, Haleon plc, Bayer AG, Alkem Laboratories Ltd., WellSpring Pharmaceutical Corporation and Infirst Healthcare Inc.
Antacid is a medication that is used to alleviate heartburn and indigestion. These medications act by reducing the amount of hydrochloric acid secreted in the stomach. The stomach secretes hydrochloric acid to carry out the digestion process. As the acid is corrosive, a mucous barrier protects the lining of the stomach from being eroded. However, acid reflux or issues associated with the mucous barrier can result in heartburn. This In such cases, antacids are used to neutralize the acid present in the stomach to produce a neutral substance, such as water or salt. This reduces the acidity in the stomach and relieves symptoms of heartburn and indigestion.
Antacids are available in various types of formulations such as tablets, liquids, and others, along with a range of flavors and strengths. These medications are safe to use in moderation and can be effective for mild symptoms. Common ingredients in antacids include aluminum hydroxide, magnesium hydroxide, calcium carbonate, and sodium bicarbonate. Some antacids are given in combination such as simethicone along with calcium carbonate or magnesium hydroxide and simethicone, which is used to relieve gas and bloating.
The growth of the global antacids market is driven increase in prevalence of acid-related conditions, convenience & accessibility of over-the-counter (OTC) antacids, and rise in number of patients engaging in self-medication. Acid-related conditions involve a range of gastrointestinal disorders that are caused by excessive secretion of gastric acid, such as gastroesophageal reflux disease (GERD), peptic ulcers, and dyspepsia. Increase in prevalence of these acid-related conditions acts as a major driver of the antacids market. For instance, according to the National Library of Medicine in 2020, more than 60 million Americans experience heartburn at least once a month.
However, excessive use of antacids leads to a range of side effects that potentially hinder the growth of the market. For instance, antacids may affect the levels of electrolytes in the body, such as sodium, potassium, and calcium. In addition, prolonged use of antacids can put strain on the kidneys, leading to problems such as kidney stones or renal failure. In addition, low awareness about acid reflux, gastroesophageal reflux disease (GERD), and other conditions and available treatment among the population of underdeveloped countries acts as a key restraint of the market.
On the contrary, increase in focus of manufacturers to develop cost-effective and wide range of medications with less side effects is expected to offer lucrative opportunities for the market growth. For instance, Alkem Laboratories offers Omee MPS liquid, which is available in a range of flavors such as mint, orange, and saunf as well as Omee Chewtabs, which are available in the same flavors. These antacids are affordable, and thus, have witnessed increased adoption in developing and developed countries.
In addition, people in underdeveloped countries are becoming aware about antacid medications available in the market and their use in managing acidity and other acid-related conditions. This is anticipated to boost the market during the forecast period. In addition, emerging countries in Asia-Pacific and LAMEA are characterized by presence of large population base along with rapid economic growth and increase in healthcare expenditure. All these factors are anticipated to increase the demand for antacids in these regions, thereby boosting the global market growth.
The global antacids market is segmented into medication type, formulation type, distribution channel, and region. By product, the market is bifurcated into systemic antacids and non-systemic antacids. On the basis of formulation type, it is categorized into tablet, liquids, and others. By distribution channel, it is segregated into hospital pharmacies, drug stores & retail pharmacies, and online providers.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major key players that operate in the Abbott Laboratories, Pfizer Inc., Prestige Consumer Healthcare Inc., Cipla Ltd, Reckitt Benckiser Group PLC, Haleon plc, Bayer AG, Alkem Laboratories Ltd., WellSpring Pharmaceutical Corporation and Infirst Healthcare Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the antacids market analysis from 2022 to 2032 to identify the prevailing antacids market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the antacids market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global antacids market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Mechanism of Action
- Systemic Antacids
- Non-systemic Antacids
By Formulation Type
- Tablets
- Liquids
- Others
By Distribution channel
- Hospital pharmacies
- Drug stores and retail pharmacies
- Online providers
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Abbott Laboratories
- Alkem Laboratories Ltd.
- Bayer AG
- Cipla Ltd
- Haleon plc
- Infirst Healthcare Inc.
- Pfizer Inc.
- Prestige Consumer Healthcare Inc.
- Reckitt Benckiser Group PLC
- WellSpring Pharmaceutical Corporation
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ANTACIDS MARKET, BY MECHANISM OF ACTION
CHAPTER 5: ANTACIDS MARKET, BY FORMULATION TYPE
CHAPTER 6: ANTACIDS MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: ANTACIDS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Abbott Laboratories
- Alkem Laboratories Ltd.
- Bayer AG
- Cipla Ltd
- Haleon plc
- Infirst Healthcare Inc.
- Pfizer Inc.
- Prestige Consumer Healthcare Inc.
- Reckitt Benckiser Group PLC
- WellSpring Pharmaceutical Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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