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2021
Dietary Fibers Market

Dietary Fibers Market

by Raw Material (Fruits & Vegetables, Cereals & Grains, Legumes, and Nuts & Seeds), Product (Soluble Dietary Fiber and Insoluble Dietary Fiber), and Application (Foods & Beverages, Pharmaceuticals, Animal Feed, and Others): Global Opportunity Analysis and Industry Forecast 2021-2030
Update Available On-Demand

Report Code: A02182
Pages: 295
Sep 2021 | 8514 Views
Author(s) : Aniket K , Roshan D
Tables: 140
Charts: 63
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COVID-19

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The global dietary fibers market size was valued at $7,900.0 million in 2020, and is projected to reach $21,672.9 million by 2030, registering a CAGR of 11.1%.

Dietary fibers are present in various food items and are derived mainly from plant foods such as fruits, vegetables, and legumes. These fibers help the body transport waste, reduce risk of diabetes and heart diseases by decreasing blood sugar and cholesterol, and keep weight in control. Dietary fibers are applicable in different industries such as pharmaceuticals, foods & beverages, and animal feed.

Dietary-Fibers-Market-2021-2030

A major factor influencing market growth is rise in consumer preference for natural products. Growth in concerns about preventive healthcare and efficacy of dietary fibers on health drive the market growth. Dietary fiber food demand has increased due to increase in functional food consumption, which, in addition to providing basic nutrition, have the potential to improve health.

Obesity, digestive problems, gastrointestinal infections, and other ailments affect vast majority of people. Taking this into consideration, market players are developing dietary fiber products to help with the treatment of such diseases. Impact of growing health concerns on the dietary fibers market is moderate at the moment, but it is expected to increase in the future.

However, excessive content of dietary fibers in the diet can lead to diarrhea, reduced mineral absorption, and removal of good cholesterol, which restricts the market growth of dietary fibers. The foods and beverages industry growth due to increased consumer spending and favorable government support is expected to be a major driver for the dietary fibers market growth. The dietary fibers market demand is expected to be driven by rise in demand for fortified foods among health-conscious consumers. Thus, stringent government regulations regarding dietary fibers are expected to hinder the market growth.

Rise in awareness of health benefits of dietary fibers, combined with growth in urban population is expected to provide a significant growth opportunity. The dietary fibers market is expected to grow due to increase in number of working women and rise in purchasing ability of healthy food products.

COVID-19 had a moderate impact on the market for dietary fibers. Dietary fibers are widely used in a variety of products, including dietary supplements, animal feed, and pharmaceuticals. Products containing dietary fibers are also used to improve muscle mass and immunity. This factor led to a high demand for dietary fiber products in the market.

Growth in health concerns and increase in consumer awareness have increased consumer demand for dietary fibers, resulting in increase in functional food demand. In addition to available health and dietary supplements, consumers prefer dietary supplements as they are plant-based. As a result, consumers are adopting dietary fibers in their daily diets, which propels the market growth.

Significant increase in demand for dietary supplements across all age groups, combined with an increase in global disposable income is a major driving factor in growth of dietary fibers. Consumers all over the world are becoming more concerned with changes in their quality of life and are paying close attention to foods they consume. As a result of increased demand for fortified foods from emerging markets, the dietary fibers market is expected to witness lucrative opportunities for growth.

Rise in popularity of bakery and confectionary items is one of the major factors that drive growth of dietary fibers consumption. To fortify and boost nutritional content of products, soluble dietary fibers are widely applied in baking and confectionary.

As per dietary fibers market analysis, the market is segmented on the basis of raw material, product, application, and region. On the basis of raw material, the market is categorized into fruits & vegetables, cereals & grains, legumes, nuts & seeds. According to product, the market is fragmented into soluble dietary fibers and insoluble dietary fibers. As per application, the market is divided into food & beverages, pharmaceuticals, animal feed, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Finland, Spain, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

As per the dietary fibers market trends, based on raw material, the cereals & grains segment is the dominating segment that garnered 46.5% of the dietary fibers market share in 2020. The legumes segment is anticipated to be the fastest- growing, owing to its increased production and usage for making dietary fibers.

Dietary Fibers Market
By Raw Material

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Cereals and Grains segment helds the major share of 46.5% in 2020

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As per dietary fibers market analysis, on the basis of product, the insoluble dietary fibers segment is expected to be the fastest-growing, owing to the fact that insoluble dietary fibers derived from oats, wheat, corn, potato, peas, rice, and legumes aid in prevention of constipation, excessive cholesterol, and obesity. Hence its demand is growing across the globe.

Dietary Fibers Market
By Product

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Soluble segment helds the major share of 57.1% in 2020

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On the basis of application, the food & beverages segment dominated the market and garnered a market share of 45.6%, owing to its increased usage in production of functional food and increased awareness regarding consumption of dietary fibers among the population.

Dietary Fibers Market
By Application

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Food and Beverage segment helds the major share of 45.6% in 2020

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Region wise, North America was the largest dietary fibers market, owing to increased awareness among consumers, high disposable income, increased demand for functional food, and desire for healthy and active lifestyle among the population.

Dietary Fibers Market
By Region

2030
North America 
Europe
Asia Pacific
Lamea

North America region helds the higest market share of 33.9% in 2020

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The prominent dietary fibers industry players include Cargill, DuPont, Ingredion Inc., Kerry Inc., Tate & Lyle, Farbest Brands, J. RETTENMAIER & SÖHNE GmbH + Co KG, Taiyo International, AGT Food and Ingredients, and Batory Foods.

Key players are investing in the research and development of the dietary fibers and exploring the potential uses and application of the dietary fibers.

The most important growth strategy used by market players is product launch, which is followed by collaboration and agreement, expansion, joint venture, and acquisition. To diversify their product offerings, several businesses have developed innovative products. Product launches are used by a variety of businesses to broaden their market reach and serve international customers.

Key Market Segments

By Raw Material

  • Fruits & Vegetables
  • Cereals & Grains
  • Legumes
  • Nuts & Seeds

By Product

  • Soluble dietary fibers
  • Insoluble dietary fibers

By Application

  • Food & Beverage
  • Pharmaceuticals
  • Animal Feed
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Finland
    • Spain
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • New Zealand
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Saudi Arabia
    • Rest of LAMEA
 

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On the basis of insights of top CXOs, the dietary fibers market is expected to grow rapidly in the future. This is attributed to growing demand for functional foods among the global population. Rise in number of working women, increasing workload, and busy and hectic lifestyle of consumers propels demand for functional food all over the globe. Inadequate consumption of dietary fibers in regular meals has increased preferences for functional food that supply required amount of dietary fiber. Moreover, people are preferring fiber supplements to fulfil their daily fiber requirements in the body. Growth in awareness regarding consumption of dietary fibers among the global population is exponentially contributing toward growth of the global dietary fibers market.

The CXOs further added that Asia-Pacific is expected to be significant contributors toward growth of the dietary fibers market. Characterized by huge consumer base, rapid industrialization, rapid growth of food & beverages industry, rise in disposable, growth in number of working people, and demand for healthy lifestyle are macro-economic factors drive the global dietary fibers market. Moreover, countries such as China, India, and Indonesia are among top producers of cereals, grains, and legumes that positively impacts dietary fibers production by supplying adequate raw materials. Hence, Asia-Pacific provides lucrative growth opportunities to the dietary fibers industry players.

 

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FREQUENTLY ASKED QUESTIONS?

A. According to a new report published by Allied Market Research, titled, “dietary fibers market by raw material, product, and application: global opportunity analysis and industry forecast, 2021–2030,” the global dietary fibers market size is expected to reach $21,672.9 million by 2030 at a CAGR of 11.1% from 2021 to 2030.

A. The global dietary fibers market size is expected to reach $21,672.9 million by the end of 2030. This is attributed to growing demand for nutritional supplement, growth in use of dietary fibers in various industries such as foods & beverages, pharmaceuticals, animal feed, and cosmetics exponentially propels growth of the dietary fibers market across the globe.

A. Growth in use of dietary fibers in manufacturing fiber supplements is expected to positively fuel growth of the market. Consumers now-a-days have less time to take proper care of their diet, resulting in low fiber consumption. Therefore, consumers are increasingly opting for fiber supplements to fulfil their dietary fiber needs. This is expected to boost demand for fiber-based supplements, thereby contributing positively toward growth of the dietary fibers market.

A. The prominent dietary fibers industry players include Cargill, DuPont, Ingredion Inc., Kerry Inc., Tate & Lyle, Farbest Brands, J. RETTENMAIER & SÖHNE GmbH + Co KG, Taiyo International, AGT Food and Ingredients, and Batory Foods. Key players are investing in the research and development of the dietary fibers and exploring the potential uses and application of the dietary fibers.

A. According to the dietary fibers market analysis, the global dietary fibers market is segmented based on raw material, product, application, and region. On the basis of raw material, the market is segmented into fruits & vegetables, cereals & grains, legumes, and nuts & seeds. On the basis of product, it is segmented into soluble dietary fibers and insoluble dietary fibers. By application, it is segregated into foods & beverages, pharmaceuticals, animal feed, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Finland, Spain, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

A. The most important growth strategy used by market players is product launch, which is followed by collaboration and agreement, expansion, joint venture, and acquisition. To diversify their product offerings, several businesses have developed innovative products. Product launches are used by a variety of businesses to broaden their market reach and serve international customers.

A. As per dietary fibers market opportunities, on the basis of product, the insoluble dietary fibers segment is expected to be the fastest-growing, owing to the fact that insoluble dietary fibers derived from oats, wheat, corn, potato, peas, rice, and legumes aid in prevention of constipation, excessive cholesterol, and obesity. Hence its demand is growing across the globe.

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