Dietary Fibers Market - Global Outlook & Forecast 2023-2028

Dietary Fibers Market - Global Outlook & Forecast 2023-2028

The global dietary fibers market is expected to grow at a CAGR of 9.52% from 2022-2028.

MARKET TRENDS & DRIVERS

Growing Demand for Fiber Fortification

In the food industry, fiber fortification is rising due to its potential health benefits. Consumers are constantly looking for nutritious snacks that help them lead better lives and be more aware of the relationship between a healthy body and a healthy lifestyle. Fiber provides numerous consumer benefits, such as digestion, that help support their overall health. With the majority of fruits being a great source of fiber, there is a continuous increase in demand for fiber-enriched snacks from consumers.

Increasing Prevalence of Chronic Diseases

The increasing prevalence of chronic diseases is one of the major factors shifting consumer preference towards dietary fiber. Fiber-enriched products help reduce the risk of several chronic conditions, including diabetes, heart disease, and various types of cancer. People increasingly seek ways to improve their well-being due to their increasing health consciousness. They are moving towards fiber-enriched food and supplements to improve their health and potentially prevent diseases.

INDUSTRY RESTRAINTS

Stringent Regulations & Health Standards

Companies manufacturing and marketing dietary supplements must comply with the standards and regulations across different countries. These standards are meant to ensure the safe consumption of products. Complying with the different standards across various countries is another challenge for dietary fiber manufacturers in the dietary fiber market. Companies may face lawsuits or initiate product recalls if they fail to comply with stringent standards, negatively impacting brand reputation.

SEGMENTATION INSIGHTS

INSIGHTS BY SOURCE

The cereal & grains source segment is estimated to dominate the global dietary fibers market during the forecast period. Cereals & grains fibers help reduce non-communicable diseases, including cancers, cardiovascular diseases, type 2 diabetes, and gastrointestinal disorders. Oat, oat bran, bean, and flaxseed also help reduce blood cholesterol levels. To help increase the fiber intake and improve the nutritional value of processed foods fortifying cereals and grains with fiber is an effective way.

Segmentation by Source

• Cereals & Grains
• Fruits & Vegetables
• Nuts & Seeds
• Legumes

INSIGHTS BY TYPE

The global dietary fibers market by type segments as soluble and insoluble. The soluble segment is expected to be the largest revenue segment of the global dietary fibers market. Soluble fiber dissolves in water, creating a gel-like substance in the digestive tract. It has been related to various health benefits, including improved digestive function, better blood sugar control, and improved heart health, and can be found in several plant-based foods. Soluble fiber fortification includes boosting soluble fiber content in food products to improve nutritional value and provide several health benefits.

Segmentation by Type

• Soluble
• Insoluble

INSIGHTS BY APPLICATION

The functional food & beverages application segment is expected to be the largest revenue segment of the global dietary fibers market. Functional foods are whole foods that are fortified and enhanced by fiber. People are consuming more functional foods & beverages to improve and maintain their immunity, energy levels, and digestion. Functional foods & beverages have become increasingly popular due to the rising chronic diseases. It helps improve digestive health, blood sugar regulation, weight management, cardiovascular health, and others.

Segmentation by Application

• Functional Food & Beverages
• Pharmaceuticals
• Feed
• Supplements
• Others

GEOGRAPHICAL ANALYSIS

The global dietary fibers market is well-developed in APAC, North America, and Europe. The increased economic development and consumer awareness contribute to the growth of the global dietary fibers market. On the other hand, Latin America, and Middle East & Africa are highly potential markets that help manufacturers to expand their product segments, thereby increasing sales. The global dietary fibers market is set to continue evolving to meet the needs of an ever-growing and increasingly diverse population. The health-conscious population and increased technological developments drive the industry for dietary fibers. Rising consumer awareness regarding the significance of managing a healthy diet and overall well-being caters to an active lifestyle, thereby lessening the risk of diseases such as diabetes, cardiovascular diseases, cancer, hypertension, and others may lead to industry growth.

Segmentation by Geography

• APAC
• China
• Japan
• India
• South Korea
• Australia
• North America
• The U.S.
• Canada
• Europe
• Germany
• France
• The U.K.
• Italy
• Spain
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa

COMPETITIVE LANDSCAPE

The global dietary fibers market has seen impressive growth in the past few years and is projected to grow rapidly in the coming years. An increase in consumer demand for high-quality, nutrient-dense foods drives this growth. Growth in the food service industry and other food applications drives more demand for dietary fibers. Key players in the global dietary fibers market are ADM, Cargill, International Flavors & Fragrances (IFF), Ingredion, and Kerry. Competition in the dietary fibers market impacts the competitive dynamics, with large players investing heavily in R&D initiatives while smaller companies look to capitalize on new opportunities. Industry leaders receive increased competition from smaller players looking to gain market share through innovative approaches and expanded product offerings.

Key Company Profiles

• ADM
• Cargill
• International Flavors & Fragrances (IFF)
• Ingredion
• Kerry

Other Prominent Vendors

• Tate & Lyle
• Roquette Frères
• The Scoular Company
• A&B Ingredients
• DSM
• BENEO
• Tereos
• The Green Labs
• Nexira
• NutriPea
• Herbafood Ingredients
• Baolingbao Biology
• J. Rettenmaier & Sohne
• Henan Tailijie
• Batory Foods
• Sensus
• AgriFiber Solutions

KEY QUESTIONS ANSWERED:

1. How big is the dietary fibers market?

2. What is the growth rate of the global dietary fibers market?

3. Which region dominates the global dietary fibers market share?

4. What are the significant trends in the dietary fibers industry?

5. Who are the key players in the global dietary fibers market?