The Fiber Supplements Market Is Estimated To Witness High Growth Owing To Rising Health Consciousness
SWOT Analysis
Strength:
- Fiber supplements help manage weight and diabetes as fiber promotes satiety and controls blood sugar levels. It also aids digestion.
- New product launches catering to specific health conditions like constipation, heart health etc are gaining popularity.
- Wide availability across retail channels and online sites increase accessibility.
Weakness:
- Dependence on national and international regulations around health claims and product safety.
- Natural fibers are relatively cheaper substitutes for supplements.
Opportunity:
- Growing prevalence of lifestyle diseases like obesity, digestive issues drives demand for prevention and management through fiber intake.
- Rising health consciousness expands the consumer base for supplements targeting overall wellness.
Threats:
- Stiff competition from other functional foods and beverages fortified with fiber.
- Potential side effects discourage some consumers from long term usage.
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 among consumers and growing incidence of gastrointestinal disorders. Furthermore, the usage of fiber supplements aids in weight management and lowers disease risks like diabetes which propels the market growth.
Regional analysis North America accounts for largest share in the fiber supplements market, owing to rapidly aging population susceptible to digestive health issues. Further, organized retailing and strong promotion by manufactures support market penetration. Asia Pacific exhibits highest growth supported by rapidly developing healthcare infrastructure, rising per capita income and shifting focus towards preventive healthcare in countries like India and China.
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.
For more insights, read- https://www.zupyak.com/p/3942491/t/fiber-supplements-market-is-fueling-the-growth-of-digestive-health-market
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