by The global Fiber Supplements Market is estimated to be valued at US$ 3.72 Bn or Billion in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Fiber supplements refers to powdered or chewable supplements rich in dietary fiber to help manage constipation, weight loss and boost digestive health. They provide soluble and insoluble fiber to bulk up stools and promote regular bowel movements.
Market key trends:
One of the major trends in the fiber supplements market is the rising demand for clean label and organic products. Consumers are increasingly opting for products with simple and wholesome ingredients. This has propelled companies to offer organic and vegan fiber supplements made from plant-based ingredients without artificial colors, flavors or preservatives. Furthermore, product innovation aimed at improving taste, texture and convenience has also gained traction. For instance, manufacturers are introducing fiber supplements in the form of gummies, smoothies and baked goods to make them more appealing, especially to children and the younger demographic.
SWOT Analysis
Strength: Fiber supplements provide various health benefits such as improving digestion, reducing cholesterol, and managing weight and diabetes. They are readily available in retail stores and online.
Weakness: Some fiber supplements may cause uncomfortable side effects such as gas and bloating, especially when taken in excess or if the body is not used to it. People also tend to get fiber from food sources rather than supplements.
Opportunity: Increasing awareness about digestive and heart health benefits of fiber consumption is driving the demand for supplements. Growing obese and elderly population who need fiber supplements present an opportunity.
Threats: Availability of alternative fiber sources like fruits, vegetables, legumes and whole grains poses challenge. Strict regulations for supplements and consumer preference for natural sources can hamper market growth.
Key Takeaways
The Global Fiber Supplements Market Size is expected to witness high growth, exhibiting CAGR of 6.3% over the forecast period, due to increasing health consciousness and lifestyle diseases. North America is expected to dominate the global fiber supplements market over the forecast period owing to increasing obesity rates and growing elderly population in the region. Key players operating in the fiber supplements market are Garden of Life, Optimum Nutrition, Metamucil, Citrucel, Nature’s Way, Walgreens, CVS Pharmacy, Renew Life, Rainbow Light, Culturelle, Align Probiotics, Phillips, Schiff, Nature Made, Puritan’s Pride, Now Foods, Solaray, Heather’s Tummy Care, Viva Naturals, Prescript-Assist.
Regional analysis
Asia Pacific is expected to be the fastest growing region in fiber supplements market due to rising disposable incomes, growing health and wellness trend and increasing western influence on lifestyle. China and Japan account for the major share of Asia Pacific fiber supplements industry due to sizeable health-conscious population. Europe also captures significant market share after North America owing to better consumer awareness about fiber-rich diet.
Key players
Key players operating in the fiber supplements market are Garden of Life, Optimum Nutrition, Metamucil, Citrucel, Nature’s Way, Walgreens, CVS Pharmacy, Renew Life, Rainbow Light, Culturelle, Align Probiotics, Phillips, Schiff, Nature Made, Puritan’s Pride, Now Foods, Solaray, Heather’s Tummy Care, Viva Naturals, Prescript-Assist. Walmart, Amazon and GNC are some of the top retailers/distributors of fiber supplements.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
