USD 6.73 billion
Report ID:
SQMIG30I2068 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
99
|Figures:
76
Dietary Fibers Market size was valued at USD 6.73 billion in 2019 and is poised to grow from USD 7.35 billion in 2023 to USD 16.23 billion by 2031, growing at a CAGR of 9.2% in the forecast period (2024-2031).
Dietary fiber's impact on heart health, including its ability to lower blood pressure and prevent cardiovascular disease, has been the subject of numerous studies over the past few decades. People who consume high fiber diets have a significantly lower risk of cardiovascular disease and lower mortality from these conditions, according to a review of studies. Fiber may have heart-healthy effects by lowering total cholesterol and LDL cholesterol, also known as "bad cholesterol," which is a major risk factor for developing heart conditions.
Due to a number of variables, including expanding consumer desire for natural food components, rising consumer knowledge of the need of maintaining health, and a host of others, dietary fiber are expected to have positive growth patterns in the near future. Its demand is rising as a result of technological developments in a number of manufacturing-related businesses as well as increased use of dietary fiber in other sectors. The growing popularity of plant-based diets is also anticipated to increase demand for dietary fiber in the food and beverage industry in nations like China, the U.K., Italy, the U.S., and others.
US Dietary Fibers Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 6.73 billion
Largest Segment
Food and Beverages
Fastest Growth
Food and Beverages
Growth Rate
9.2% CAGR
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Global Dietary Fibers Market is segmented based on the material, type, application, and region. Based on material, the Dietary Fibers Market is sub segmented into Fruits & Vegetables, Cereals & Grains, Nuts & Seeds and Legumes. On the basis of type, Dietary Fibers Market is bifurcated into soluble and insoluble. According to application, the Dietary Fibers Market is categorized into Food and Beverages, Pharmaceuticals, Animal Feed and others. Based on Region, Dietary Fibers Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Dietary Fibers Market Analysis by Type
The soluble fiber segment accounted for the highest market share in 2021. Suitable sources of soluble type include foods including fruits, nuts, vegetables, cereals, whole grains, and seeds. These foods may be eaten by both humans and animals. While fibres like inulin and fructooligosaccharide (FOS) found in vegetables help to regulate bowel function, pectin, which is found in fruits like pears and apples, helps to treat acid reflux and improve gut health. In many different meals and drinks, including baked products, frozen dairy desserts, and confectionery items, the soluble dietary fiber are commonly utilised as a flavor-enhancing component. They are also frequently employed as a fat and sugar substitute in a variety of food applications. Additionally, it is projected that growing inulin and other soluble fibres, such as pectin and polydextrose, research and development will broaden the market's total product offering throughout the forecast period.
The insoluble fiber segment is expected to grow at a high CAGR during the projected period. This is due to increasing functional food consumption, rising consumer health consciousness, and shifting dietary habits of consumers. Insoluble dietary fiber from foods like corn, rice, oats, wheat, potato, peas, and legumes also help to avoid a number of illnesses like constipation, high cholesterol, obesity, and hyperglycemia. It is insoluble and moves through the intestines without gelling up and enhance bowel function. On account of increased demand for functional foods and expanding consumer awareness of health, the insoluble dietary fiber segment is anticipated to have enhanced growth in the upcoming years.
Dietary Fibers Market Analysis by Application
The segment of food and beverages held the largest market share in 2021 owing to the growing consumer knowledge of the value of dietary fiber in everyday meals. The amazing expansion of the functional food business as a result of an increase in per capita income, which has increased consumer buying power, is another factor contributing to the application segment's dominance.
During the anticipated period, the animal feed segment in the global dietary fiber market may experience significant growth. This can be attributed to the increasing understanding of issues related to animal health, such as animal obesity and the utilisation of dietary fiber in weight management diets. Additionally, the market demand is being further boosted by improvements in animal intestinal health and rising consumer demand for food items originating from animals.
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Asia Pacific region held the largest Global Dietary Fiber Market share in 2021. The region is also expected to witness the highest CAGR during the forecast period. Government programmes promoting the consumption of a nutritionally balanced diet along with rising consumer desire for healthy lifestyles will fuel industry demand. The existence of a broad market with various end users will present industry participants with profitable business opportunities. In the upcoming years, it is anticipated that China, Indonesia, and Japan will top the world in food and beverage production. In the years ahead, it is predicted that promising developments in the Asia-Pacific food and beverage sector would increase demand for dietary fiber. Several food and beverage, pharmaceutical, and supplement companies have established production facilities in the area as a result of the region's main countries, including China, India, Malaysia, and Indonesia, easing their FDI policies and investment rules. Additionally, the positive demographic situation will lead to an increase in company chances because both young and older people are looking for healthy diet and supplement choices to ward off illnesses.
Due to their exposure to foreign food goods, Chinese consumers are now adopting worldwide food trends. Since nutritional intake became a concern for many individuals when making food decisions, consumers are therefore seen to have a higher desire for healthy items with significant nutritional advantages, which may aid in market expansion.
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Global Dietary Fibers Market is fragmented and moderately competitive due to presence of many players in the market. To maintain a competitive edge and increase their market position in the global market, leading companies are increasingly focusing on implementing tactics such as adopting new technology, product developments, mergers and acquisitions, joint venture, alliances, and partnerships. Major players in market include BENEO, ADM, Cargill, Incorporated, DuPont and Ingredion Incorporated among others. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Dietary Fibers Market Top Player's Company Profiles
Dietary Fibers Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Dietary Fibers Market analysis, the growing health consciousness among consumers and rising awareness of the health benefits of soluble dietary fibers will drive the growth of the market. The increasing prevalence of gastrointestinal diseases, lifestyle diseases, and rising personal care spending will prompt the need for dietetic nutrition. Nutrients rich in soluble fibers such as oatmeal, beans, nuts, apples, and more help regulate the body's use of sugar, which further aids in keeping hunger controlled and blood sugar in check.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 6.73 billion |
Market size value in 2031 | USD 16.23 billion |
Growth Rate | 9.2% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Dietary Fibers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Dietary Fibers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Dietary Fibers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Dietary Fibers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Dietary Fibers Market size was valued at USD 6.73 billion in 2019 and is poised to grow from USD 7.35 billion in 2023 to USD 16.23 billion by 2031, growing at a CAGR of 9.2% in the forecast period (2024-2031).
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Report ID: SQMIG30I2068
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