The global antacid market is projected to register significant growth during the forecast period. The increase in the prevalence of gastric diseases due to changing dietary habits is augmenting the development of a more enhanced gastric solution for acidity and heartburns. Antacids are the class of drugs which reduces gastric acidity which occurs from the increase in pH level in the stomach and duodenum. The various factors leading to gastric diseases are an unhealthy diet, lack of proper sleep, and lack of physical activities. This has resulted in the accelerated market share of antacids. The advancement of e-commerce industry coupled with the consumer preference for online medication is significantly propelling the growth of the global antacid market. Moreover, the population with Gastroesophageal reflux disease, or GERD, has increased significantly resulting in the increasing demand for antacids across the globe.
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The antacid market is segmented on the basis of drug class and formulation type. Based on drug class, the market is segmented into the proton pump inhibitor, H2 antagonist, and acid neutralizers. Among these drug classes, the acid neutralizers segment is expected to register significant growth in the market during the forecast period, as it provides rapid relief against heartburns and acidity. Moreover, the availability of acid neutralizers in various flavors and formulations tends to drive the market share of acid neutralizers. Based on the formulation type, the market is segmented into tablet, liquid, and powder. The liquid segment is expected to show prominent growth in the market during the forecast period, as it is widely preferred solution among infants and geriatric populations for acidity and heartburns due to ease of intake and palatable taste.
Geographically, the global antacid market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is expected to register considerable growth in the market during the forecast period. This is owing to rising consumer awareness, continuous investment by market players and growing disposable income have increased the market share of antacids. Moreover, the presence of key players such as GlaxoSmithKline PLC, has increased the availability of effective treatment methods that fosters the growth of the antacid market in the region.
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- Global Antacid Market Segmentation
By Drug Class
H2 Antagonist
Proton Pump Inhibitors
Acid Neutralizers
By Formulation Type
Tablet
Liquid
Powder
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