Demand For Dietary Fibers From 2022 To 2032 Is Projected To Expand At A Stellar CAGR Of 10%: Fact.MR Study
The global dietary fibres market is valued at $7.7 billion in 2022 and is expected to grow at a 10% CAGR over the next ten years. By the end of 2032, the market is expected to be worth more than $20 billion. Demand for dietary fibres is expected to be driven by expanding consumer awareness of health, wellness, and nutrition, a move from pharmaceutical to nutraceutical products, and rising consumer demand for fibre-enriched food products.
The growing consumer preference for natural products is a major element influencing market expansion. The drivers driving market expansion are increased awareness and concerns about preventative healthcare, as well as the effectiveness of dietary fibres on overall health. Demand for foods containing dietary fibres has increased due to increased consumption of functional foods, which have the ability to improve health as well as offer basic nutrition, which will favourably impact market growth in the next years.
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Recent advancements in manufacturing technology have resulted in the use of microwave, ultrasonic, and high-pressure processing to increase the yield of dietary fibres while preserving their usefulness. These procedures dramatically reduce the time and temperature required, resulting in lower energy usage during processing. The introduction of green technology is projected to drive market growth.
Consumption of probiotic-induced functional beverages is increasing as consumers become more interested in eating probiotics to promote gut health. This will raise demand for dietary fibres. On the other hand, beverage makers are increasingly focusing on new product development and the use of probiotics in dairy, grain-based goods, dairy alternatives, fermented beverages, fruit and vegetable-based products, and ready-to-eat snacks and drinks. During the projected period, this is also expected to drive the dietary fibres market.
Key Segments in Dietary Fibers Industry Research
- By Product Type :
- Insoluble
- Cellulose
- Hemicelluloses
- Chitin & Chitosan
- Lignin
- Oat Bran
- Wheat Fiber
- Others
- Soluble
- Inulin
- Pectin
- Beta-Glucan
- Corn Fibers
- Others
- Insoluble
- By Application :
- Food & Beverages
- Pharmaceuticals
- Animal Feed
- Others
- By Raw Material :
- Fruits & Vegetables
- Cereals & Grains
- Nuts & Seeds
- Legumes
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Key Takeaways from the Market Study
- Global dietary fibers market value to more than double from 2022 to 2032
- North America to emerge as an opportunistic market, registering a value CAGR worth 9%
- Asia Pacific to be the fastest growing dietary fibers market, expected to surge at a 9.9% CAGR
- By raw material, dietary fibers derived from cereals and grains to hold a 48% market share
- Insoluble dietary fibers to experience maximum sales, growing at a CAGR of 8.7% by 2032
- By application, food & beverage to yield a revenue share worth US$ 3 Billion for dietary fibers
Market Competition
Top companies in the Dietary Fibers market are focusing on advancing their research and fast-tracking the development of new Dietary Fibers to launch new products and gain a competitive advantage over other market players.
- In September 2020, Batory Foods entered into an agreement with BioHarvest Sciences Inc., a developer of patent-protected and proprietary Biofarming technology. The agreement was signed exclusively to enter the US Edible CBD Market and US Nutraceuticals Market so as to strategically diversify Batory Foods’ product portfolio.
Cargill, Inc. invested about USD 35 million in Europe in October 2019 to expand its current product line of sweeteners, starches, and texturizers to include soluble dietary fibres. This strategic project is the company’s first foray into soluble dietary fibres in Europe, and it was launched to give on-trend solutions to makers of high-quality products such as bakery & confectionery goods, cereals, and dairy products.
Key Companies
- BENEO
- Lonza
- DuPont de Nemours, Inc.
- Archer Daniels Midland Company (ADM)
- Batory Foods
- Ingredion Incorporated
- Roquette Freres
- PURIS
- Tate & Lyle
- Emsland Group
- Cargill, Incorporated
- Kerry Inc.
- The Green Labs LLC
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The North American dietary fibres market is expected to grow at a 9.0% CAGR. In 2021, North America will be the leading market for immunity-boosting and health-improving products. Nutritional care has evolved significantly in the region, with consumers becoming increasingly conscious of the components in packaged food products. The new current diets and lifestyles embraced by people in the North American region have made dietary fibre consumption extremely important.
Demand for dietary fibres in the United States is projected to be driven by the easy availability of cereals and grains such as oats, whole wheat, rye, corn, popcorn, barley, brown rice, wild rice, buckwheat, triticale, bulgur, and millet. Furthermore, growing worries about various health conditions like as obesity, high cholesterol levels, and cancer are expected to have a beneficial impact on the growth of the U.S. dietary fibres market.
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