The global dietary fiber market is expected to reach USD 21.9 billion by 2030, at CAGR of 11.10% during the forecast period.
Dietary fibers have become an essential part of the human diet and provide health benefits. It is also known as roughage or bulk. Insoluble and soluble fibers are two major types of dietary fiber. Lack of proper intake of nutrients has led to the production of dietary fibers in a digestible format for consumers. The global dietary fiber market size report by Market Research Future (MRFR) looks at pertinent drivers, challenges, and opportunities for the period of 2023 to 2030 (forecast period).
Market Scope
Consumption of bakery and convenience foods is one of the biggest drivers of the market. Health-consciousness among the populace as well as lookout for healthy foods will bode well for the market. Soluble dietary fibers included in these foods can fortify the content and provide ample nutrition.
Rise of chronic diseases such as cardiovascular disease, cholesterol, and high blood pressure can drive the consumption of plant-based foods. Plant-based foods are a great source of dietary fiber. Development of fiber supplements without the probability of triggering allergies will be lucrative for the market in the coming years.
Competition Outlook
Cargill Incorporated, Ingredion Incorporated, B&D Nutritional Ingredients, Inc., Archer Daniels Midland Company, Lonza Group AG, Roquette Frères S.A., Shandong Minqiang Biotechnology Pvt Ltd, Südzucker AG Company, Tate & Lyle, and DowDupont Inc. are key players of the global dietary fiber market.
Segmentation
The global dietary fiber market is segmented into source, end-user, function, and fiber component.
On the basis of source, the market is segmented into woody plants, seaweed extract, plant extracts, whole grain, fruits, microbial gum, vegetables, and others. Among all, whole grain is expected to account for the significant market proportion in the global dietary fiber market research during the forecast period.
On the basis of end-user, the market is segmented into pharmaceutical, functional food & beverages, breakfast cereals, animal feed, and others. Among the end-user segment, functional food & beverages are expected to hold a major market share in the global dietary fiber market during the forecast period.
On the basis of function, the market is segmented into gel formation, binding agents, fermentation, water holding capacity, viscosity, and others.
On the basis of fiber component, the market is segmented into chitin, pectin, polydextrose, lignin, hemicellulose, cellulose, inulin, and others.
Regional Analysis
The global dietary fiber market is segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America can dominate the global market owing to awareness of healthy foods among the populace and the demand for fiber-rich foods. Changing attitudes of customers and the rise of expendable income levels can influence the market growth to a great extent. Launch of new products is a key strategy of players in the region to increase their reach. Recommendations by gastroenterologists and collaborations with reputed doctors can provide credibility to dietary supplements.
APAC is expected to exhibit the highest growth rate during the forecast period with India being one of the biggest consumers of dietary fibers. Promotional campaigns by players as well as launch of new flavors will appeal to customer tastes. Introduction of local flavors is certain to drive the sales of the regional dietary fiber market. The fast-paced lifestyle of customers and awareness of effects of junk food have led to many customers leaning towards dietary fibers.
Industry News
Bellway, a U.S. company, has launched a new dietary fiber supplement containing psyllium seed husk. It is aimed at people with constipation and risk of heart disease. The integration of additives and new flavors can attract consumers.
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