Dietary Fibers Market by Source (Fruits and Vegetables, Cereals and Grains, Legumes, Nuts and Seeds), Type (Soluble, Insoluble), Application (Functional Food and Beverages, Pharmaceuticals and Nutraceuticals, Animal Feed, and Others): Global Market Size Estimates and Forecast (2022–2030)
The market crossed US$ 8.50 billion mark in 2022 and is expected to hit US$ 20.56 billion by 2030, recording a CAGR of 11.7% during the forecast period.
Dietary fibers market has been significantly growing with the high adoption of functional food and beverages due to increasing health consciousness.
Rising adoption of nutritional ingredients for maintaining health and wellness, awareness regarding nutritional specifications, and increasing health issues such as gastrointestinal diseases, obesity, diabetes, and various chronic diseases are some of the major factors driving the market’s growth. With the adoption of advanced research and development and innovative products, the market is expected to witness significant growth during the forecast period.
The functional food and beverages segment is expected to pace with the rising adoption of nutrient-specific functional food and beverages due to rising health concerns. Further, other segments such as pharmaceuticals and nutraceuticals and animal feed are also expected to gain traction during the forecasted year.
Within the report, the market is segmented into source, type, application, and geography. By source, the market is further segmented into fruits and vegetables, cereals and grains, legumes, nuts and seeds. On the basis of type, the market is bifurcated into soluble, and insoluble. By application, the market is categorized into functional food and beverages, pharmaceuticals and nutraceuticals, animal feed, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Dietary fibers are a significant solution that helps to reduce the risk of various health diseases such as heart diseases, diabetes, chronic and gastrointestinal disorders.
Dietary fibers are complex groups of many compounds, which are soluble or non-soluble fibers. Technological advancements have led to a rise in demand for innovative products, thereby contributing significantly to the dietary fibers market growth. Further, the tags such as ‘organic’, ‘plant-based’, and ‘vegan’ attracts consumers due to the shift of consumers from conventional to natural. The ease of consumption of dietary fibers, and the product availability will help the display manufacturers further enhance the user experience in the coming years. Moreover, the strategic adoptions by the manufacturers such as collaborations, partnerships, acquisitions, and mergers strategies, help product reach as well as product expansion, which in turn is anticipated to increase dietary fibers market growth in the upcoming years.
Rising application in various industries is one of the major factors accelerating the market growth.
The industries for dietary fibers are functional foods and beverages, pharmaceuticals and nutraceuticals, animal feed, and others. Within these industries, the pharmaceuticals and nutraceuticals industry is one such industry, wherein the use of dietary fibers is increasing for maintaining gut health and reducing the risk of various diseases. Also, the ease of consumption of dietary supplements in the form of gummies and chewable demands nutrient-specific dietary fibers. The is also encouraging the use of dietary fibers. Other industries, such as animal feed and other industries, also encourage the use of dietary fibers.
Recent strategic developments in dietary fibers market
The dietary fibers market has undergone several significant developments, and a few of these have been mentioned below:
- In June 2018, the U.S Food and Drug Administration (FDA) announced chicory root fibers, the newly established list of approved dietary fibers. This means that BENEO’s ingredients, Orafti inulin and oligofructose, will continue to appear as dietary fibers on the Nutrition and Supplement Facts panel
- Cargill, Incorporated invests US$35 million in Europe to produce soluble fibers that meet consumer demand for healthier products.
- On 14th February 2022, Givaudan and the US-based company Fiberstar, Inc. agreed to allow Givaudan to commercialize and use Fiberstar, Inc.'s natural, plant-based texturizing ingredient, Citri-Fi. The collaboration would support the expansion of Givaudan's taste & wellbeing portfolio while extending Fiberstar's geographic footprint and research & development opportunities.
The dietary fibers market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Cargill, Incorporated, ADM, Beneo GmbH, DuPont, and Ingredion are among the prominent players operating in the market.
Target audience for the report:
- Dietary fibers manufacturers
- Dietary fibers suppliers
- Dietary fibers packaging service providers
- Dietary fibers-related service providers
- Dietary fibers-related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Dietary fibers distributors and sales firms
- End users of dietary fibers
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Fruits and Vegetables
- Cereals and Grains
- Nuts and Seeds
- Functional Food and Beverages
- Pharmaceuticals and Nutraceuticals
- Animal Feed
- North America
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- Beneo GmbH
- Cargill, Incorporated
- Beneo GmbH
- Cargill, Incorporated