The global antacids market size is expected to grow from $8.60 billion in 2021 to $9.13 billion in 2022 at a compound annual growth rate (CAGR) of 6.1%. The growth in the market 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 global antacid market size is expected to reach $10.84 billion in 2026 at a CAGR of 4.4%.
What is the Global Antacids Market?
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.
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What drives the Global Antacids Market?
Poor lifestyle choices resulting in higher prevalence of acidity is an important driver for the growth of the antacids market. Poor lifestyle choices involve deskbound jobs, poor quality of sleep and irregular dietary habits, which result in an increase in acidity level of the stomach and lead to gastroesophageal reflux disease. According to the American College of Gastroenterology, around 60 million Americans suffers from gastroesophageal reflux disease. This drives the demand for antacids.
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Global Antacids Market Segments
The global antacids market is segmented:
Drug Class: Proton Pump Inhibitors, H2 Antagonist, Acid Neutralizers, Pro-Motility Agents
Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Others
By Formulation Type: Tablet, Liquid, Powder, Others
By Geography: The regions covered in the antacids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Antacids Global Market Report 2022 provides market size and growth forecasts for the global antacids market, global antacids market share, antacids market segments and geographies, antacids market competitive landscape including leading competitors’ revenues, profiles and market shares. The antacids market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Antacids Industry Players include GlaxoSmithKline plc, Pfizer Inc., Bayer AG, Dr. Reddy's Laboratories Ltd and AstraZeneca PLC., Boehringer Ingelheim GmbH, Sun Pharmaceuticals Industries Ltd, Takeda Pharmaceutical Company Limited, Abbott Laboratories and WellSpring Pharm. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
