Thu, 02 Feb 2023

The global dietary fibers market size was USD 3779.25 million in 2027 and is expected to register a steady revenue CAGR of 6.61% during the forecast period. Key factors such as rapidly expanding food and beverages industry, high demand for soluble dietary fibers, and growing awareness about importance of dietary fibers are expected to drive global market growth during the forecast period.

Dietary fiber, commonly known as roughage is the indigestible part of the plant. It is a key element in a healthful diet that helps in keeping the gut healthy and reduces risks associated with chronic conditions. Dietary fibers are diverse in chemical composition and can be grouped based on their solubility, viscosity, and fermentability. These dietary fibers are either soluble or insoluble. Some of the fiber-rich food include cereals and grains, legumes, fruits and vegetables, and nuts and seeds that help to reduce type-2 diabetes, cancer, weight management, and oral health.

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Factors such as growing prevalence of chronic diseases such as diabetes, cardiovascular diseases, blood pressure, and cancer, high consumption of dietary fiber supplements for fulfilling nutritional requirements, rising geriatric population, and increasing investments for developing more effective dietary products are expected to drive global market growth.

However, high chances of diarrhea and reduced mineral absorption due to excess consumption of dietary fibers, stringent government regulations, and low awareness about benefits of dietary fibers among some populace can hamper overall market growth to a certain extent during the forecast period.

Cereals and Grains Segment to Account for a Significantly Larger Revenue Share:

The cereals and grains segment is expected to account for a significantly larger revenue share during the forecast period. Factors such as rising health conscious consumers across the globe, growing preference for breakfast cereals, rising availability of various types of nutritious food products made from cereals and grains, and growing awareness about benefits of consuming dietary fibers are expected to drive revenue growth of the segment during the forecast period.

Functional Food and Beverages Segment To Register Robust Revenue CAGR:

The functional food and beverages segment is expected to register robust revenue CAGR between 2022 and 2028. This can be attributed to changing dietary habits, increasing awareness about importance of dietary fibers in daily meals, rising demand for dietary supplements, and high preference for healthy and nutritional food products.

Asia Pacific To Register Rapid Revenue Growth:

Asia Pacific market revenue is expected to expand at a rapid CAGR over the forecast period. This can be attributed to increasing inclination towards healthy lifestyle to cater to rising cases of chronic and lifestyle diseases, rising demand for dietary supplements and health and nutritional food products, growing awareness about importance of dietary fibers, and high usage of dietary fibers in functional food and beverages, pharmaceuticals and animal feed. India and China are the largest revenue-generating countries in this region.

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Dietary Fibers Market Report Highlights:

Increasing preference for self-medication and herbal product consumption is expected to drive global market growth during the forecast period.

Growing applications of dietary fibers in bakery food products is expected to open lucrative growth opportunities for existing and emerging market players in the coming years.

Market players are heavily investing in developing more healthy and nutritious food to cater to rising consumer demand.

In June 2020, Ingredion Incorporated announced the launch of NOVELOSE 3490 dietary fiber for low FODMAP and high fiber bakery and snacks. NOVELOSE 3490 is an FDA-approved dietary fiber that can aid in providing fewer calories, replacing a portion of the flour in baked goods.

In November 2021, Kerry Group Plc announced the launch of Emulgold fiber, a naturally sourced, soluble dietary fiber ingredient that can be used for manufacturing white bread.

Dietary Fibers Market By Company:

Cargill

DuPont

Ingredion Incorporated

Roquette Freres S.A

Nexira Sas

Archer Daniels Midland Company

Tate and Lyle PLc

Kerry Group PLc

Grain Processing Corporation

Rettenmaier and Söhne GmbH and Co. Kg

Sudzucker Ag

Lonza Group AG

The global dietary fibers market has been segmented based on type, application, and region:

Dietary Fibers Market Segment by Type:

Cereals and Grains

Legumes

Fruits and Vegetables

Nuts and Seeds

Dietary Fibers Market Segment by Application:

Functional Food and Beverages

Pharmaceuticals

Animal Feed

Others

Personal Care

Cosmetics

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Dietary Fibers Market Segment by Region:

North America

United States

Canada

Europe

Germany

France

UK

Italy

Russia

Asia Pacific

China

Japan

South Korea

India

Australia

Taiwan

Indonesia

Thailand

Malaysia

Latin America

Mexico

Brazil

Argentina

Middle East & Africa

Turkey

Saudi Arabia

UAE

Reasons to Purchase This Report:

Estimates 2021-2028 dietary fibers market dynamics, development and trends

Detailed overview of the market including market size, share, growth opportunities, and challenges in the years to come

Market segmentation analysis with qualitative and quantitative research incorporating impact of economic and political aspects

Competitive landscape focusing on detailed information about every market player along with new projects and strategies adopted by them

Comprehensive analysis of company profiles covering product offerings, recent developments, SWOT analysis, licence agreement and other strategies adopted by key players in the global dietary fibers market

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