Antacid Market Foreseen to Grow Exponentially by 2027

According to the latest research report by Antacid Market is expected to reach US$ 11,666.83 million in 2027 from US$ 8,547.97 million in 2019. The market is estimated to grow with a CAGR of 4.0% from 2020-2027. The report highlights trends prevailing in the global Antacid market, and the drivers and restraints pertaining to the market growth.

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Liquid segment of the Antacid Market to Grow at Fastest CAGR during Forecast Period

The antacid market is divided into pill, liquid, and other dosage forms. The market category with the biggest share in 2019 was microbiological tablets. During the projected period, the liquid category is anticipated to increase at the fastest rate. Due of its flavored/palatable taste, liquid dosage form is chosen by children and the elderly people. Major market players like Procter & Gamble, Pfizer, GSK GROUP, and others are also present and offer liquid antacids, which is projected to fuel the segment’s growth.

The expansion of the worldwide antacid market is primarily attributed to elements like the increased prevalence of illnesses linked to healthcare and the growing importance of food safety. However, ATP swab test constraints prevent the market from expanding.

Antacid Market – COVID-19 Impact and Analysis

Due to the worldwide COVID-19 pandemic, sales of important over-the-counter (OTC) medications like antacids were impacted. Pharmaceutical firms transitioned to online sales processes and non-physical marketing strategies. The US passed the Coronavirus Aid Relief and Economic Security (CARES) act, a historic piece of legislation that offers financial assistance to employees, medical professionals, and small businesses affected by the pandemic, in order to stop the overuse of over-the-counter medications like antacids.

The market for Antacid is concentrated with some very well-established players. Some of the key players in the Antacid Market include

  1. Bayer AG
  2. GlaxoSmithKline plc.
  3. Takeda Pharmaceutical Company Limited
  4. Sun Pharmaceutical Industries Ltd
  5. Sanofi
  6. Boehringer Ingelheim International GmbH
  7. Dr. Reddy’s Laboratories
  8. Pfizer Inc.
  9. Reckitt Benckiser Group Plc
  10. Procter & Gamble

Antacid Market is Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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