by Fiber supplements are dietary supplements made from soluble and insoluble fibers which are essential for maintaining and improving digestive health. They help manage weight, lower cholesterol, and regulate blood sugar levels.
The global fiber supplements market is estimated to be valued at US$ 3.72 billion in 2023 and is expected to exhibit a CAGR of 74% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
With rising health consciousness, consumers are increasingly looking for alternative natural remedies for various health issues like digestive problems and weight management. This presents a massive opportunity for fiber supplement manufacturers to promote the benefits of fiber intake through supplements. Innovation and new product launches catering to untapped markets like sports nutrition and weight management will further aid the market growth over the forecast period.
Segment Analysis
The fiber supplements market is dominated by the insoluble fiber segment. Insoluble fiber does not dissolve in water and helps add bulk to stools and promotes regular bowel movements. It is found in wheat bran, whole grains, seeds and nuts. This segment dominates as it provides numerous digestive health benefits such as preventing constipation and reducing chronic constipation risk.
Key Takeaways
The Global Fiber Supplements Market Demand is expected to witness high growth. North America dominates the fiber supplements market due to growing health concerns and rising cases of gastrointestinal diseases. Key players like Orasis Pharmaceuticals and AbbVie Inc. (Allergan) have a strong presence in the region.
Regional analysis
The Asia Pacific region is expected to grow at the fastest rate during the forecast period. This is attributed to rapid urbanization, rising disposable incomes and growing health awareness in emerging countries like India and China. Furthermore, increasing cases of lifestyle diseases associated with changing dietary habits is boosting demand.
Key players
Key players operating in the fiber supplements market are Orasis Pharmaceuticals, AbbVie Inc. (Allergan), Novartis AG. Orasis Pharmaceuticals specializes in probiotic supplements and fiber supplements. AbbVie Inc. markets fiber supplements under its Allergan brand. Novartis AG offers both prescription medication as well as supplements including fiber.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
