The global Fiber Supplements Market is forecasted to be appraised at USD 34.18 billion by 2032, up from USD 18.21 billion in 2022, advancing at a CAGR of 6.5% during the forecast period.
Fibers are nutritional supplements, which help in keeping the digestive system healthy. Numerous types of fiber supplements are made available in the market in different forms like capsules, tablets, and powders.
| Report Attribute | Details |
|---|---|
| Fiber Supplements Market Value (2022) | USD 18.21 Billion |
| Fiber Supplements Market Anticipated Value (2032) | USD 34.18 Billion |
| Fiber Supplements Projected Growth Rate (2022 to 2032) | 6.5% |
Sales of Fiber supplements, which form a sub-group of functional dietary fiber, are rising as people are noticing a decrease in fiber in their daily diets, encouraging them to intake fiber supplements, making the market boom at a rapid pace across the globe.
Fiber provides a large number of health benefits, it helps in keeping cholesterol levels low, gastrointestinal health, weight management, and blood sugar steady. It is largely consumed by people for short-term relief from constipation and bowel irregularity.
Fiber supplements are having significant growth in terms of sales as it is benefiting the end-users with the ease of digestion, reducing the risk of heart diseases, and making people feel satiated for longer.
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Fiber supplements allow people to boost the amount of fiber in their diet in case they do not have adequate consumption from their daily meals.
There is a significant transition in dietary habits and lifestyles of people, which is driving the traction for fiber-rich supplements. In developing countries and fast-paced economies, people run around the clock to earn their living, which has led to less consumption of nutrients in their day-to-day life.
This is the principal reason driving the fiber supplement market growth at large.
Changes in eating habits and significant deficiency of fiber amongst people is a considerable factor driving the development of the fiber supplements market at a global level. Moreover, dieticians are suggesting the consumption of fiber supplements to help people gain sufficient levels of fiber in the body.
Rising awareness of how fiber is important for the body and how deficiency of necessary fiber can lead to negative effects on the body serves to be a crucial factor driving the fiber supplements market at a rapid pace.
Growing gluten-free intolerance is also creating a lucrative opportunity for the fiber supplements market to grow. Consumer preference for gluten-free products is driving fiber supplement companies increasingly focus on providing gluten-free high-fiber variants.
In addition to this, new and innovative sales strategies are fueling the adoption of fiber supplements. Nutraceutical companies are increasingly experimenting with various fibers to develop fiber supplements that taste good and accelerate the fiber supplements market towards growth.
However, stringent FDA regulations are posing a significant barrier to the entry of fiber supplements into the market. Product testing and approval is a lengthy and costly process, and the manufacturing stage can drive production costs to excessive levels.
Furthermore, an increased number of misbranded and adulterated products coupled with mislabeling claims have hampered the confidence of consumers in fiber supplements. These factors are likely to limit the growth in the fiber supplements market.
At present, the global market of fiber supplements is majorly occupied by the North American, European, Asia-Pacific (APAC), Middle East, and African regions.
The majority of the fiber supplement-producing manufacturers are present in these regions, which leads to large fiber supplement market shares.
A significant share of the North American fiber supplements market is poised to grow since there has been a rise in the preference for health concerns among the population.
Growth in the consumption of fiber-rich diets, and enlargement of the fitness and health industry have rendered the opportunity for the fiber supplements market to grow in this region.
An overall increase in the per capita income and a surge in disposable income are motivating consumers to spend more money than usual, due to which consumers are ready to pay a good amount for better taste and quality, which is giving the manufacturers in these regions a great opportunity to fuel the fiber supplements market.
A lot of companies provide sugar-free, taste-free fiber supplements, and there is growing adoption of in-trend ingredients in variants, likely to drive the growth. Some of the key players in the global fiber supplements market include Robinson Pharma, Inc., Renew Life, Benefiber, Citrucel, Metamucil, Walgreens, Now, Optimum Nutrition, BarnDad’s, Myogenix, Twinlab, Garden of Life, and SPECIES.
Some of the notable developments in the competitive landscape of the fiber supplements market include:
As consumers are in pursuit of supplements that deliver optimum fiber and protein, Atkins brand has launched Atkins Plus Protein & Fiber shakes in two varieties, Creamy Milk Chocolate, and Creamy Vanilla.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Source, Nature, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
| Key Companies Profiled | Robinson Pharma, Inc.; Renew Life; Benefiber; Citrucel; Metamucil; Walgreens; Now; Optimum Nutrition; BarnDad’s; Myogenix; Twinlab; Garden of Life; SPECIES |
| Customization | Available Upon Request |
The global fiber supplements market is projected to advance at a CAGR of 6.5% during the forecast period (2022 to 2032)
As several countries in the European and North American regions are paying attention to health concerns and are getting more inclined toward consuming fiber-rich diets, and gluten-free fiber supplement products, the fiber supplements market share of these regions is expanding.
Some of the key players in the global fiber supplements market include Robinson Pharma, Inc., Renew Life, Benefiber, Citrucel, Metamucil, Walgreens, Now, Optimum Nutrition, BarnDad’s, Myogenix, Twinlab, Garden of Life, and SPECIES.
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Fiber Supplements Market
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