by Fiber supplements like prebiotics, soluble fiber, and insoluble fiber deliver these benefits through easy-to-consume capsules and powders. They alleviate common issues such as constipation, bloating and irregularity.
The global Fiber Supplements Market is estimated to be valued at US$ 4.29 billion in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Consumers are increasingly realizing the myriad health benefits of fiber intake as their consumption leads to longer satiety, balanced blood sugar and cholesterol levels. As obesity and lifestyle-oriented diseases plague modern populations, fiber supplements addressing these issues through natural ingredients are seeing spiraling demand. Manufacturers are thus innovating new formulations containing prebiotics and probiotics that aid not just digestion but also boost immunity. The incorporation of ayurvedic superfoods like flax, chia and hemp seeds further enhances the product profiles, meeting consumer’s evolving preferences for plant-based Nutraceuticals. This trend is expected to drive significant market growth over the forecast period.
SWOT Analysis
Strength: Fiber supplements have various health benefits likeimproving digestion, managing weight and reducing cholesterol. They come in various tasty forms like powder, capsules, chews and bars.
Weakness: Some natural fiber supplements may cause gas, bloating or stomach discomfort for people not used to high fiber intake. These side effects subside with gradual increase in intake. Excessive intake of fiber supplements without adequate water can cause constipation.
Opportunity: Growing health and wellness trend prompting more people to consciously add fiber to their diet through supplements. Increasing awareness about links between fiber intake and reduced chronic diseases like heart disease and diabetes driving demand.
Threats: Strong competition from local players producing cheaper private label supplements. Economic slowdowns may reduce discretionary spending on health supplements.
Key Takeaways
The Global Fiber Supplements Market Size is expected to witness high growth over the forecast period of 2024 to 2031 at a CAGR of 10.%.
Regional analysis: North America is currently the largest and fastest growing regional market for fiber supplements. This is attributed to growing health awareness and fast adoption of dietary supplements. Asia Pacific is also emerging as a major market driven by rising incomes, westernization of diets and increase in lifestyle diseases.
Key players: Key players operating in the fiber supplements market are Panasonic Corp Denso, Harman International, Tom-Tom, Continental AG, Bosch, Blaupunkt Inc., Magneti Marelli, Alpine Electronics Inc., Kenwood, Delphi, Visteon, Clarion Corp., Bose, Pioneer, and Aisin. They are focusing on new product launches, expanding distribution and strengthening online presence to gain market share
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
