Antacids Market

Global Antacids Market Size (2023 to 2028)

As per our report, the global antacids market is predicted to be worth USD 21.37 billion by 2028 from USD 17.38 billion in 2023, growing at a CAGR of 4.24% during the forecast period.

Global Antacids Market Share Insights:

• Based on drug class, the proton pump inhibitors segment dominated the antacids market in 2022.
• Based on formulation type, the tablet segment led the market in 2022.
• North America and APAC regions are anticipated to hold the largest antacids market share worldwide during the forecast period.

Antacids are a group of medications that help neutralize the content of acid reflux in the stomach. It provides fast relief of heartburn, one of the main symptoms of gastroesophageal reflux digestion, and other symptoms are nausea, bloating, or belching. Antacids include magnesium carbonate, aluminum hydroxide, and magnesium trisilicate. However, some people have reported allergic reactions to antacids. Antacids incorporate magnesium carbonate, aluminum hydroxide, and magnesium trisilicate. In addition, a few people have announced unfavorably susceptible responses to antacids.

MARKET DRIVERS:

Antacids are used to neutralize acidity and should cause a dramatic increase in demand. However, according to a study conducted by the American Gastroenterological Association and published in the International Functional Foundation in February 2017, about one-third of the US population suffered from GERD. In addition, the trend toward self-medication is increasing the demand for over-the-counter digestive products to treat gastrointestinal disorders, which is estimated to reflect the growth rate of the global antacids market.

The rise in the popularity of over-the-counter drugs through digital advertisements and campaigns is lucrative to surge growth opportunities for the antacids market.

The increasing prevalence of treatment for gastrointestinal problems worldwide propels the antacids market. As the Centers for Disease Control and Prevention (CDC) mentioned, an estimated 14.8 million people from the United States suffered from digestive diseases in 2018. In addition, the growing aging population is anticipated to contribute to the growth of the antacids market. Acidity complications show a higher risk in aging people. According to World Health Organization (WHO), an estimated 1 in every six people are expected to age more than 60 years by 2030.

The adoption of sedentary lifestyles also leads to several problems related to acidity, which is expected to reflect in the market growth for antacids. Growing demand for early diagnosis among individuals, increasing focus on releasing quality drugs, and a high production rate are further expected to promote the market’s growth rate during the forecast period. Furthermore, rising disposable income in urban areas and the growing priority for self-medication support the antacids market and help to register increased growth. In addition, growing awareness of the early symptoms of gastrointestinal diseases is a plus to the market growth.

Antacids improve blood sugar control in people who are suffering from diabetes. Most people worldwide have Type 2 diabetes affecting almost 10 percent of people. According to recent studies on antacids, this is used for maintaining glucose levels in diabetes patients, which drives the market forward. In addition, the availability of different antacids such as chewable, gums, and jelly drives the market forward.

MARKET RESTRAINTS:

Factors such as some side effects such as constipation, laxative effect, and allergic reactions are expected to restrain the growth rate of the global antacids market. Also, people suffering from certain medical conditions are prone to adverse impacts that worsen their health. For example, heart disease may have problems due to the high amount of sodium in antacids. Pregnant women are also not recommended to take this antacid medicine containing bicarbonate. This is because these antacids are not suitable for fetal metabolic. If the usage of this antacid increases, the dosage will lead to a severe result which will restrain the market growth.

Impact of COVID-19 on the global antacids market:

The novel coronavirus (COVID-19) pandemic has significantly impacted every business sector, including healthcare. The COVID-19 pandemic created a negative impact. People 65 Years and above are likely to deal with the acid retreat. The vagueness of the COVID-19 pandemic has made stomachs agitate, and as of now, proof indicates that extreme heartburn links up with poor symptoms of the disease. The familiar form of heartburn medicine may surge the risk of developing COVID-19 in people. The proton-pump inhibitors are used for heartburn in people. As per the American Journal of Gastroenterology, doctors in the United States found people consuming proton-pump inhibitors (PPI) twice a day for acid reflux. Proton-pump inhibitors may threaten the gastric barrier to COVID-19 access and decrease the microbial diversity in the gut. PPI is a threatening factor for testing positive for COVID-19. Patients who tested positive are observed to improve disease outcomes with some proton-pump inhibitors. Despite the negative impact of COVID-19, the global antacids market is still expected to register a healthy growth rate during the forecast period.

REPORT COVERAGE:

This market research report on the global antacids market has been segmented and sub-segmented based on the drug class, formulation type, distribution channel, disease indications, end-user, and region.

Antacids Market - By Drug Class:

• Proton Pump Inhibitors
• H2 Antagonist
• Pro-motility agents
• Acid Neutralizers

The proton pump inhibitors segment led the market in 2022, and the trend is anticipated to continue in the forecast period. Proton pump inhibitors reduce the body's production of acid. These work for heartburn. PPIs containing benzimidazole nucleus and diverse branch structures are available in Japan and include omeprazole, esomeprazole, lansoprazole, and rabeprazole. These medications are taken on an empty stomach, about 30 minutes before breakfast. However, the acid neutralizer segment is significant because of their occasional heartburn and availability range.

Antacids Market - By Formulation Type:

• Tablet
• Liquid
• Powder

Based on the formulation type, the tablet segment held the majority of the share in the global market in 2022 and is anticipated to be the fastest-growing segment due to convenience in administration, low pricing, and availability.

The liquid segment is anticipated to register a healthy growth rate during the forecast period. Liquid antacids usually work faster than other forms. This liquid medication works only on acids present in the stomach. These liquids take medication by mouth, after meals as needed.

Antacids Market - By Distribution Channel:

• Hospital Pharmacies
• Retail Pharmacies
• Others

Based on the distribution channel, online pharmacies, drug stores, and pharmacies at the hospitals are expected to occupy most of the market share during the forecast period. The rising adoption of e-commerce and increased online stores boost the market's growth.

Antacids Market - By Disease Indications:

• Cancer
• Cardiovascular Disorders
• Neurological Disorders
• Immunological Disorders
• Other Diseases

The cardiovascular disorders segment captured the leading share of the global antacids market in 2021. Heart attack symptoms can also include heartburn on their own. They also include pressure, tightness, and pain in the chest. In addition, heartburn is a common symptom of gastroesophageal reflux disease. For these diseases, antacid tablets are used for primary treatment.

Antacids Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

The North American antacid market held the leading share in the overall market in 2021 due to the increasing number of gastro-oesophageal diseases and the growing senior population. Most Americans are suffering from Gastroesophageal reflux disease (GERD) due to changes in lifestyle and other reasons. In addition, due to the increase in the prevalence of heartburn at least once per week in North America, about 25% of adults report heartburn daily. Pepcid Complete is currently using an antacid drug available in Canada that contains an antacid with an H2 blocker. This drug gives fast relief from heartburn. Millions of Canadians use antacid drugs. Health Canada is guiding Canadians to specifically use the prescription stomach antacids known as proton pump inhibitors (PPIs). The FDA asked manufacturers to expand their research and testing of every antacid drug and the medication levels and side effects of this drug if they use it continuously. Based on these results, the usage period and the drugs present in the antacid should be modified to reduce the side effect. All these factors drive the antacid market forward in this region.

The Asia pacific antacid market stood second in accounting for a significant share of the global market in 2021. Due to improvements and healthcare services, China and India are the dominant regions. Most Indians use this Antacid Tablet to treat acidity, bloating, neutralizing, and releasing excess gas in the stomach and stomach ulcers. China also uses this antacid due to an unhealthy diet, which leads to stomach acidity problems, and drives the market forward.

The antacid market in Europe held a substantial share of the global market in 2021. In Europe, these Antacids are commonly used in the elderly population suffering from obesity. In addition, gastro-oesophageal reflux disease has increased in this region over the past few years. In Germany, 15% of adults suffer moderate to high reflux symptoms.

The Latin American antacid market is estimated to be growing at a CAGR of 3.9% from 2022 to 2027.

The antacid market MEA is forecasted to be worth USD 1.58 billion by 2027. UAE and Saudi Arabia health ministries have imposed many rules and regulations on the usage of antacid tablets. For example, the UAE's Ministry of Health and Prevention (MoHAP) issued a circular to all health facilities and practitioners that there should be a clear report of their medical condition to use this antacid medicine. In these regions, researchers are working on producing antacids with fast recovery and fewer side effects. Therefore, these regions will have market share in the coming years.

KEY MARKET PLAYERS:

GlaxoSmithKline PLC, Abbott Laboratories, Pfizer, Inc., Sun Pharmaceuticals, and Dabur dominate the global antacids market.

RECENT MARKET HAPPENINGS:

• In March 2020, Lupin introduced the approved generic for Horizon Therapeutics PLC's Vimovo (naproxen/esomeprazole magnesium) delayed-release tablets in the United States  The drug is a mixture of naproxen and esomeprazole magnesium, with naproxen used for the symptomatic treatment of arthritis and esomeprazole magnesium is used to reduce the risk of naproxen-associated stomach ulcers.
• In October 2020, Dr. Reddy's Laboratories reintroduced Famotidine Tablets USP, 10 mg and 20 mg, as an over-the-counter (OTC) medication in the United States.
• In January 2019, Dr. Reddy's laboratories released generic omeprazole delayed-release tablets to treat heartburn in the United States.
• In 2022, the United States Food and Drug Administration (USFDA) approved Famotidine Tablets. This is used to reduce the amount of acid in the stomach.
• In 2016, Sun Pharma launched an Ayurvedic digestive remedy called Pepmelt to compete with popular antacids such as ENO (Consumer Health), Digene (Abbott India), Pudin Hara (Dabur), and Gelusil (Pfizer)