Fiber Supplements Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032
The global market for fiber supplements is analysed to expand from US$10.21 billion in 2019 to US$22 billion by 2030 and the market is projected to exhibit 6.5% CAGR during the forecast period 2020-2030.
Fiber supplements are considered as a form of a sub-group of functional dietary fiber, as defined by the Institute of Medicine (IOM) United States. These supplements are available in the form of pills, powder, tablets and capsules in a variety of types or products. Fiber is a form of carbohydrate which helps maintain a healthy digestive system. Fibre offers a wide range of health benefits, including cholesterol lowering, and stabilizing blood sugar. Short-term relief and constipation from bowel irregularities are some key factors driving fiber additives.
Nutritional fiber supplements also show traction in weight management since they help people to feel more satiated. The global market for fiber supplements is driven by a number of factors including the significant increase in demand for functional foods coupled with numerous initiatives undertaken by regulatory bodies and government around the globe to raise consumer awareness of supplements for food and beverages. Due to rising urbanization and hectic lifestyles, the market has also witnessed high diversification, fuelling demand and consumption of fiber products and supplements. However, the investment and time required to obtain regulatory approvals is one of the key factors limiting market growth. The opportunity for key players therefore lies in product innovation and at competitive rates supplying high-quality supplements.
The traction of fiber rich supplements is an important transition in people's lifestyle and dietary habits. Appropriate fiber supplement research has had good results in terms of health benefits. Fiber-rich products can improve weight management, according to the European Food Safety Authority. World Cancer Research Fund predicted the consumption of a correct fiber rich diet and physical activity can prevent approximately 45% of bowel cancer. Burgeoning studies show that dietary fibres have a broad range of health benefits thereby fuelling demand for both soluble and insoluble fibre.
The global fibre supplements market is segmented on the basis of type, application and geography. Based on type, the global fibre supplements market is segmented into capsule, powder, chewable and tablets. Based on application, the global fibre supplements market is sub-segmented into gastrointestinal health, blood cholesterol reduction and weight management. Geographically, the global fibre supplements market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Major players operating in the global fibre supplements market include Walgreens, NOW Foods, Citrucel, SPECIES, Robinson Pharma, Inc., BarnDad Innovative Nutrition, Optimum Nutrition, Myogenix, Benefiber, Garden Of Life, Metamucil, Renew Life Formulas, Inc. and Twinlab among others.
Segmentation:
By Application
- Gastrointestinal Health
- Blood Cholesterol Reduction
- Weight Management
By Type
- Capsule
- Powder
- Chewable
- Tablets
Frequently asked questions about this report
How big is the Fiber Supplements Market?
The global Fiber Supplements market was worth US$ 10.21billion in 2019.
What is the anticipated CAGR for the market until 2032?
The global market for Fiber Supplements will most likely expand at over 6.2% CAGR through 2032.
Who are the prominent market players in the market?
algreens, NOW Foods, Citrucel, SPECIES, Robinson Pharma, Inc. are the top 5 Fiber Supplements manufacturers.
What are the key applications of the Fiber Supplements market?
Based on applications, the Fiber Supplements market is segmented into Gastrointestinal Health, Blood Cholesterol Reduction and Weight Management.