What is the global market size of Dietary Fibers Market?

Global Dietary Fibers Market size was valued at USD 6.73 billion in 2021 and is poised to grow from USD 7.35 billion in 2022 to USD 16.23 billion by 2030, growing at a CAGR of 9.2% in the forecast period (2023-2030).

Global Dietary Fibers Market Size, Share, Growth Analysis, By Material(Fruits & Vegetables, Cereals & Grains), By Type(Soluble (Inulin, Pectin), By Application(Food and Beverages, Pharmaceuticals) - Industry Forecast 2024-2031

Report ID: SQMIG30I2068 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 99 | Figures: 76

Global Dietary Fibers Market Dynamics

Dietary Fibers Market Driver

Demand for functional foods has risen as a result of rising consumer knowledge and growing consumer demand for dietary fibre. The fact that dietary supplements are plant-based makes them more popular with customers than other accessible health and nutritional supplements. Consumers are incorporating dietary fiber into their regular meals as a consequence, which fuels market expansion.

A significant driver of the market growth is an increase in the demand for dietary supplements across all age groups and an increase in worldwide disposable income. Consumers worldwide are paying close attention to the meals they eat and are growing more concerned with changes in their quality of life. The dietary fiber market revenue is anticipated to see prosperous growth prospects as a consequence of rising demand for fortified foods from emerging regions.

One of the main causes driving market growth is the increase in popularity of bread and confectionery goods. Soluble dietary fiber are frequently used in baking and confectionery to strengthen and improve the nutritional value of goods.

Dietary Fibers Market Restraint

Legumes, whole grains including cereals, wheat bran, brown rice, and other gluten-related foods include dietary fiber. One of the most prevalent dietary sensitivity among modern consumers is gluten intolerance. The rise in the demand for dietary fiber will be limited because a rising number of individuals are sensitive to meals that contain gluten, such as wheat and other grains.

Another factor that might stymie the market expansion is the prevalence of conditions linked to gluten intake, such as infertility, celiac disease, and neurological disorders. The market may see growth challenges as a result of the expanding consumption of gluten-free food items due to the rising incidence of celiac disease.

Global Dietary Fibers Market Report Snapshots

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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).

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. 'Cargill, Inc.', 'DuPont de Nemours, Inc.', 'Ingredion Incorporated', 'Archer Daniels Midland Company', 'Roquette Frères', 'Tate & Lyle PLC', 'Kerry Group PLC', 'Grain Processing Corporation', 'Lonza Group AG', 'Nexira SAS', 'Cosucra Groupe Warcoing SA', 'Fiberstar, Inc.', 'Südzucker AG', 'KFSU Ltd.', 'SAS Nexira', 'Taiyo International', 'Sensus B.V.', 'Baolingbao Biology Co., Ltd.', 'Suedzucker Polska SA', 'Hi-Maize Company LLC'

Demand for functional foods has risen as a result of rising consumer knowledge and growing consumer demand for dietary fibre. The fact that dietary supplements are plant-based makes them more popular with customers than other accessible health and nutritional supplements. Consumers are incorporating dietary fiber into their regular meals as a consequence, which fuels market expansion.

The development of food items with qualities that can enhance health and prevent sickness has received a lot of attention recently. Dietary fiber is added to meat products to improve physiological processes. Additionally, fibres can be employed to increase the quantity and quality of meat products. Cereals, vegetables, and fruits are traditional sources added to meat products. Fungi and secondary products of animals processing are non-conventional sources of dietary fiber. Both raw and processed kinds of fibres can be employed. Currently, various combinations are used in formulations. Healthy meat products may be created using any type of dietary fiber (usually with lower fat content). In most situations, formulations may be changed to provide additional sensory and functional-technological benefits, such as improved moisture binding, emulsifying ability, palatability, and colour. The flavour can occasionally be enhanced as well.

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.

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Global Dietary Fibers Market Size, Share, Growth Analysis, By Material(Fruits & Vegetables, Cereals & Grains), By Type(Soluble (Inulin, Pectin), By Application(Food and Beverages, Pharmaceuticals) - Industry Forecast 2024-2031

Global Dietary Fibers Market Dynamics

Global Dietary Fibers Market Report Snapshots

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