Acacia Fiber Powder Market - 2023-2030

Acacia Fiber Powder Market - 2023-2030

Global Acacia Fiber Powder Market reached US$ 821.32 million in 2022 and is expected to reach US$ 1250.94 million by 2030, growing with a CAGR of 5.4% during the forecast period 2023-2030.

Consumers are becoming increasingly aware of the importance of gut health. Acacia fiber is known for its prebiotic properties that support a healthy gut microbiome. This knowledge has driven interest in acacia fiber as a supplement. The acacia fiber market has seen increased competition, leading to innovations such as flavored acacia fiber supplements, combination products with other dietary ingredients, and more.

Lack of fiber in the diet is a major issue across various countries in the UK, adults consume 19.7 g of fiber per day on average but the required fiber per day is 30 g. Also in France, 90% of the consumers do not take the daily recommended fiber level and a similar percentage is found across other European countries.

Acacia Fiber Powder is good for the metabolism and immune health due to this an increase in the consumer demand for the acacia fiber powder helps to boost market growth over the forecast period. For instance, Nexira, a major manufacturer of acacia fiber powder noticed 18% of the growth rate between April 2021 and March 2022 in the sale of Acacia fiber supplements.

Dynamics

Increasing Consumer's Health Benefits Awareness

Acacia fiber is a prebiotic, which means it serves as food for beneficial gut bacteria. Acacia fiber creates a feeling of fullness or satiety when consumed with water, which helps reduce overall calorie intake. This property is beneficial for those looking to manage their weight by controlling portion sizes. Acacia fiber is naturally gluten-free and generally well-tolerated, making it suitable for individuals with dietary restrictions or allergies.

Soluble fiber helps to regulate blood sugar levels. It also helps to regulate and lower cholesterol levels which has a positive impact on heart health. Due to these health benefits of the acacia fiber powder, on December 17, 2021, the United States Food and Drug Administration granted a citizen petition of Nexira, Importer Service Corporation, and Alland and Robert about the classification of acacia as a dietary fiber.

Increasing Application of Acacia Fiber Powder in the Food and Beverage Industry

Acacia fiber is added to functional beverages, such as energy drinks, health drinks, and meal replacement shakes, to enhance their nutritional value and provide a source of dietary fiber. Acacia fiber is used to thicken and stabilize smoothies, improving their texture and mouthfeel while adding fiber content. It's often used in plant-based milk alternatives like almond milk and coconut milk to prevent separation and enhance creaminess.

Acacia fiber is incorporated into bread and roll formulations to increase their fiber content without significantly affecting the texture or taste. Acacia fiber is used as a thickener and stabilizer in salad dressings, contributing to a smooth and consistent texture. Acacia fiber is used to encapsulate flavors, colors, and active ingredients, preventing their degradation and ensuring their controlled release in food and beverages.

Strict Government Regulations

Government regulations for the labeling of food and dietary supplement products, including those containing acacia fiber powder hamper market growth of the acacia fiber powder. To make health claims related to acacia fiber's benefits, companies must adhere to specific regulations and provide scientific evidence to support their claims. Strict labeling requirements is a barrier to market entry and product promotion. Regulations related to the sourcing and sustainability of acacia fiber negatively impacted the supply chain.

Companies may need to demonstrate ethical and sustainable sourcing practices to meet regulatory requirements, which add complexity and costs. Acacia fiber is derived from trees, and some countries have regulations regarding maximum residue levels of pesticides, herbicides, and other contaminants in agricultural products. Compliance with a maximum residue level requires rigorous testing and monitoring.

Segment Analysisn

The global acacia fiber powder market is segmented based on type, nature, distribution channel, end user, application and region.

Increase in the Consumer's Demand for Organic Products

Increase in the consumer's demand for organic acacia fiber powder due to it being allergy-free. Also, it is good for the gut health and by acting as a prebiotic fiber. Organic products are subject to strict certification standards, providing consumers with confidence in the authenticity and quality of the product. The organic certification label is a powerful marketing tool.

As demand for the acacia fiber powder is increased the availability of organic Acacia Fiber Powder has also expanded. As demand for the acacia fiber powder increases product launches by the major key players also increase. For instance, NOW Foods launched Certified Organic Acacia Fiber Pure Powder in the market. It is available in a pack size of 12 Oz. It is produced from the gum of the Acacia tree. It is one of the excellent prebiotics and helps to support healthy gut flora.

Geographical Penetration

Europe accounted Largest Share in the Market

Consumers in Europe are increasingly becoming health conscious and are looking for natural and plant-based products like acacia fiber powder. The interest in prebiotics, which are non-digestible fibers that promote the growth of beneficial gut bacteria, has been on the rise in Europe.

Beverages are the one of major applications for the gum Arabic and acacia fiber powder in Europe. It is utilized in wine, beer, whisky, and other beverages. Acacia Fiber Powder is naturally gluten-free and allergen-free, making it suitable for individuals with dietary restrictions or allergies. As awareness of gluten sensitivity and food allergies increases, products like Acacia Fiber Powder become more appealing to a broader consumer base.

Increase in the demand for acacia fiber powder in the Europe is majorly due to the repid expansion in the food industry. An increase in the product launches by major key players helps to boost the regional growth of the acacia fiber powder. For instance, on February 01, 2022, Alland & Robert’s, a natural ingredient manufacturer launched acacia gum is also known as gum arabica for consumers in France.

Competitive Landscape

The major global players in the market include Nexira, Ingredion Inc., Kerry Group, Sari Foods Company, Alland and Robert, Herba Diet, PharmaCopia, VitaminExpress, Z Natural Foods, and Now Foods.

COVID-19 Impact Analysis

The pandemic heightened global awareness of health and wellness, leading many consumers to seek products that support a healthy immune system and overall well-being. Acacia fiber powder is a natural dietary fiber known for its potential health benefits, making it attractive to consumers looking to boost their immune systems and maintain digestive health.

The demand for dietary supplements, including fiber supplements like acacia fiber powder, increased during the pandemic as people sought ways to enhance their nutrition and support their immune systems. This helps to boost the sales of dietary fiber products like acacia fiber powder. On the other hand, like many industries, the Acacia Fiber Powder market faced supply chain disruptions during the pandemic. These disruptions are due to restrictions on the movement of goods, labor shortages, and interruptions in production and transportation.

Russia-Ukraine War Impact Analysis

The Russia-Ukraine war and related geopolitical tensions disrupt global supply chains. Acacia fiber powder is often sourced from regions like Africa and other parts of the world. If any part of the supply chain, including transportation routes, is affected, it could lead to delays or shortages in the market. Geopolitical events influence currency exchange rates. Fluctuations in exchange rates impact the cost of importing or exporting acacia fiber powder, affecting prices and profitability for both producers and consumers in various countries.

Geopolitical conflicts lead to economic uncertainty, which impacts consumer spending habits. If consumers in the affected regions reduce their spending on health and wellness products, it affect the demand for acacia fiber powder. Geopolitical events sometimes lead to changes in trade regulations and import/export policies. These changes hinder the movement of goods, affecting the availability and pricing of acacia fiber powder in different markets.

By Type
• Acacia Senegal
• Acacia Seyal

By Nature
• Organic
• Conventional

By Distribution Channel
• Supermarket/Hypermarket
• E-Commerce
• Specialty stores
• Others

By End User
• Food and beverage
• Confectionery and Bakery Products
• Dairy Products
• Soft Drinks
• Pharmaceutical
• Dietary Supplement
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• On March 03, 2022, Nexira, expanded its production facility of acacia fiber with more than $10 million investment at French plant. Normandy production facility produces more than 35,000 tons of acacia fiber to meet global demand for nutritional ingredients. The new investment includes a new spray dryer which helps to enhance productivity.
• On December 17, 2021, The FDA granted a citizen petition to Nexira, Alland and Robert and Importers Service corporation concerning the classification of acacia as a dietary fiber.
• On January 23, 2023, Alland & Robert launched Syndeo Gelling, acacia gum-based ingredient in the market. The newly launched product is 100% plant-based hydrocolloids and gum acacia that can replace gelatin and pectin’s.

Why Purchase the Report?
• To visualize the global acacia fiber powder market segmentation based on type, nature, distribution channel, end user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of acacia fiber powder market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global acacia fiber powder market report would provide approximately 69 tables, 71 figures and 190 pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies