Fiber supplements are a rich source of fibers that provide nutritional support to the digestive system. They help regulate bowel movement and relieve constipation issues. Being a low-calorie product, fiber supplements also support weight management efforts.

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:
The increasing demand for nutritional support supplements is driving the fiber supplements market significantly. With rising health awareness, people are more cautious about maintaining proper nutrition through supplements. Since fiber is an essential nutrient for digestive health, its demand is surging globally. Various product innovations with different fiber sources like grains, seeds, and fruits are expanding the options for consumers. This growing variety of fiber supplements catering to diverse health needs is projected to propel the market growth over the forecast period.
SWOT Analysis

Strength: Fiber supplements have shown certain health benefits such as improving digestion, maintaining bowel regularity and weight management. They are easily available over-the-counter.

Weakness: Heavy reliance on fiber-rich food sources can provide the same benefits. Their efficacy depends on individual health conditions and dietary habits.

Opportunity: Increasing health awareness and preference for preventive healthcare is driving the demand for fiber supplements. Rapid adoption of vegan & vegetarian diets lacking in fiber intake presents an opportunity.

Threats: Potential side effects with excessive intake or existing medical conditions. Stiff competition from other digestive health supplements.

Key Takeaways

The Global Fiber Supplements Market Demand is expected to witness high growth over the forecast period. North America currently dominates the market share owing to rising health concerns and changing dietary preferences in the region. With growing disposable incomes and tech-savvy consumers, Asia Pacific is projected to be the fastest growing regional market.

Key players operating in the fiber supplements market are Orasis Pharmaceuticals, AbbVie Inc. (Allergan), Novartis AG, OSRX Pharmaceuticals, LENZ Therapeutics, Visus Therapeutics, Ocuphire Pharma Inc., Eyenovia, Inc., Vyluma Inc., and Jawa Pharmaceuticals (India) Pvt. Ltd. Rising awareness about digestive health is prompting these players to roll out innovative products fortified with prebiotics and probiotics. Novel formulation approaches are also being explored to mask the unpleasant tastes commonly associated with fiber supplements.

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