Gut Health Could be a $71.95 Billion Market Opportunity
Globally, gut health is only expected to gain traction, which could be beneficial for companies such as Psyched Wellness Ltd. (CSE:PSYC)(OTC:PSYCF), Sprouts Farmers Market Inc. (NASDAQ:SFM),General Mills Inc. (NYSE:GIS), Nestle (OTC:NSRGY), and Danone (OTC:DANOY).
At the moment, according to Euromonitor International, “about one-quarter of consumers globally suffer from lower digestive health issues. In half of those cases, consumers claim that this has a moderate or even severe impact on their overall health. Gut health goes far beyond solely digestive health, encompassing immunity support and weight management. Gut health refers to a well-balanced microbiota in the gastrointestinal tract and is shown to impact physical and mental wellbeing. Gut health is also related to numerous diseases, such as diabetes, obesity or autoimmune disease, and recent research even suggests an impact on mood due to the so-called gut-brain axis.”
Going forward, adds Fortune Business Insights, the digestive health market could reach $71.95 billion by 2027 with rising gut health awareness.