Global Dietary Fibers Market expected to record a CAGR of ~11% during the forecast period (2017-2028): Ken Research
What Is The Size Of Global Dietary Fibers Industry?
Global Dietary Fibers market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 15 Bn by 2028.
The Dietary Fibers Market is largely driven by growing consumption of dietary fiber supplements to fulfill nutritional requirements.
It is anticipated that the growing consumption of dietary fiber supplements to fulfill nutritional requirements will drive market growth. Due to the aging population, rising rates of lifestyle diseases like heart disease, obesity, diabetes, and stroke among others and rising healthcare expenses, dietary supplements are in extremely high demand.
The demand for functional foods such as fruits, vegetables, nuts, and seeds in the regions like Asia Pacific and North America is also being driven by an increase in the consumption of plant-based, fortified, vegan, low-salt, low-fat foods with added health benefits, which is expected to boost demand for dietary fibers in the forecasted periods.
The market for dietary fibers was just slightly impacted by COVID-19. To increase immunity and muscular mass, dietary fibers are also utilized. As a result, there was a strong demand for dietary fiber products during the pandemic. Additionally, consumers started using dietary fibers in their daily diets, which had an impact on the market’s overall growth.
Global Dietary Fibers Market By Source
The Global Dietary Fibers market is segmented by Source into Fruits & Vegetables, Cereals & Grains, Nuts & Seeds and Legumes.
The Cereals & Grains segment dominated the market in 2022, as consumption of fibers lower the risk of cardiovascular conditions like coronary heart disease and stroke.
The primary dietary fiber sources in cereals & grains include oat, bran, corn, rice, and wheat which are abundant in soluble and insoluble fibers including beta-glucan, cellulose, and hemicellulose, which have health advantages like lowering the risk of diabetes and heart disease.
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Global Dietary Fibers Market By Type
The Global Dietary Fibers market is segmented by Type into Insoluble and Soluble.
The soluble segment accounted for the highest market share in 2022, as soluble fiber has the potential to lower blood cholesterol and sugar levels which aids in blood glucose control, lowering the risk of diabetes.
During digestion, soluble fibers attract water and turn it into a gel. Soluble fibers can be found in fruits, vegetables, cereals, nuts, whole grains, and seeds.
Soluble fiber also aids in the prevention of diarrhea, constipation, and inflammatory bowel disease. It aids in caloric control by increasing the release of satiety hormones.
Global Dietary Fibers Market By Application
The Global Dietary Fibers market is segmented by Application into Food & Beverages, Pharmaceuticals, Animal Feed and Others.
Food & Beverages accounted for the highest market share in 2022 owing to increased consumer knowledge of the value of dietary fiber in daily meals.
The demand for nutrient consumption among younger generations has driven the expansion of nutritional supplements, which offer dietary fiber-related supplements.
As a result of consumer’s improved nutritional profile, breakfast cereal sales are also increasing rapidly. The domination of the market is due to an increase in health-conscious customers and awareness of the harmful effects of fast food and excessive calorie consumption, which can result in a number of lifestyle diseases.
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Key Topics Covered in the Report
- Snapshot of Dietary Fibers Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Dietary Fibers Market
- Historic Growth of the Overall Dietary Fibers Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Dietary Fibers Market Industry
- Overview, Source Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Dietary Fibers Market
- Future Market Forecast and Growth Rates of the Total Dietary Fibers Market and by Segments
- Market Size of Application with Historical CAGR and Future Forecasts
- Analysis of the Dietary Fibers Market in Global Regions
- Major Dietary Fibers Type/Supply and Consumption/Demand Hubs in the Region
- Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within the Region
Notable Key Players Mentioned in the Report
- Cargill, Incorporated.
- Ingredion.
- Tate & Lyle
- Roquette Frères
- Archer Daniels Midland Company (ADM)
- DuPont.
- J. Rettenmaier & Söhne GmbH + Co KG
- Kerry Group plc.
- Nexira
- BENEO
Notable Emerging Companies Mentioned in the Report
- Fibervar
- Upliftfood
- Bonumose, Inc.
- Unikherb
- Meati Inc.
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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Raw Material Suppliers for Dietary Fiber
- Manufacturers of Dietary Fiber
- Distributors, Suppliers, and Sales Channels
- Market Research and Consultancy Firms
- Associations, Alliances, And Organizations Specialized in Dietary Fiber
- Market Players in Dietary Fiber
- Investors for Dietary Fiber
- Government Departments of Dietary Supplements
- Ministries and Departments of Pharmaceuticals
- Ministries and Departments of Healthcare
- Emerging and Startup Companies in Dietary Fibers
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
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