Dietary fibers are ingredients present in the food products that encourage waste movement inside the body. Consumption of dietary fibers based food products also reduces the risk of chronic diseases such as diabetes and cardiovascular disease by lowering the level of blood sugar in the body. Moreover, they also support weight management.
The Global Dietary Fibers Market is projected to surpass US$ 50.67 million by the end of 2028, in terms of revenue, growing at CAGR of 15.1% during the forecast period (2021 to 2028).
The increasing demand for dietary fiber from pharmaceutical industry is propelling market growth. Companies such as Otsuka Pharmaceutical Co., Ltd., Roquette, Pharma Nord B.V., etc. are using dietary fiber in pharmaceutical and nutraceutical products in order to cater to the varying needs of consumers and address increasing health and wellness concerns. Thus, the growing demand for dietary fiber from pharmaceuticals is projected to foster the market growth of the dietary fiber.
Increasing consumption of dietary fiber supplements in order to fulfill nutritional requirements is projected to augment market growth. Such supplements are gaining huge demand on the account of the growing aging population, increasing prevalence of lifestyle diseases, and growing healthcare costs. All these factors are shifting consumer preferences towards increasing the intake of dietary supplements in order to stay healthy and fulfill their basic nutritional requirements, thereby fueling market growth.
North America held dominant position in the Global Dietary Fibers Market in 2020, accounting for 27% share in terms of revenue, followed by Europe and Asia Pacific, respectively. As a result of Growing consumption of dietary fiber supplements in order to fulfill nutritional requirements around the globe.
Figure 1. Global Dietary Fibers Market, Revenue Share (%), By Region, 2020
Lack of awareness regarding the health benefits of dietary fiber in rural areas is projected to hinder the market growth. This is majorly in countries such as North Africa where reach and penetration of dietary fiber and its associated health benefits are highly uneven. This factor is expected to restrict market growth.
Further, the growth of the market is also expected to hamper by strict regulations imposed by the FDA, such as the announcement regarding a change of definition of dietary fibers in the coming days, which leads to recalling of the products available in the market for examination and reassessment.
The increasing application of dietary fiber in bakery food products is projected to bring new market opportunities in the near future. They are used as a fat replacement product in the bakery industry, which is stimulating product penetration. Also, its functional properties such as thickening, efficient water binding, gelling, and stabilizing will further raise its adoption in baking applications. Hence, the growing adoption of dietary fiber in bakery food products is expected to foster market growth.
Growing demand for cereals & grains that are a major source of dietary fibers is expected to bring profitable opportunities in the near future. Breakfast cereals are gaining significant growth around the globe due to their enhanced nutritional profile. This is also attributed to increasing health-conscious consumers coupled with the growing awareness regarding the adverse health effects of fast foods and over-consumption of calories that lead to various lifestyle disorders.
|Base Year:||2020||Market Size in 2020:||US$ 16.3 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2021 to 2028|
|Forecast Period 2021 to 2028 CAGR:||15.1%||2028 Value Projection:||US$ 50.67 Mn|
Cargill, Incorporated, Archer Daniels Midland, Ingredion Incorporated, E. I. du Pont de Nemours and Company, Tate & Lyle PLC, SunOpta Inc., Suedzucker AG Company, Grain Processing Corporation, J. RETTENMAIER & SÖHNE GmbH & Co KG, and Roquette Frères S.A
|Restraints & Challenges:||
Figure 2. Global Dietary Fibers Market – Opportunity Analysis
Figure 3. Global Dietary Fibers Market, Revenue Share (%), By Applications, in 2020
Key Takeaways of the Graph:
Global Dietary Fibers Market - Impact of Coronavirus (Covid-19) Pandemic
The ongoing COVID-19 epidemic pandemic has had a significant impact on the food and beverage industry, as well as the global dietary fibres market's growth. The market has been affected by the abrupt loss of operational efficiencies and value chain disruptions caused by the unexpected shutdown of national and international borders. However, as much as the pandemic has impacted supply chain operations, it has also created a demand for healthy living among consumers, leading to a shift in consumer focus toward nutritional food stuffs. For instance, in June 2020, According to a NutritionInsight article published, the pandemic has provided growth opportunities for the global dietary fibre market due to a growing preference for organic, natural, and clean label products, as well as a significant focus on gut health and sugar alternatives.
Major players operating in the global dietary fibers market include, Cargill, Incorporated, Archer Daniels Midland, Ingredion Incorporated, E. I. du Pont de Nemours and Company, Tate & Lyle PLC, SunOpta Inc., Suedzucker AG Company, Grain Processing Corporation, J. RETTENMAIER & SÖHNE GmbH & Co KG, and Roquette Frères S.A
Few Recent Developments
The health benefits of dietary fiber depend on the total quantity and quality consumed. The easiest way to get more dietary fiber is to eat more whole foods. Because whole grains, fruits, vegetables, legumes, seeds, nuts, and whole dairy products contain the bulk of dietary fiber in a food, they are naturally more likely to be consumed in a daily diet. However, these food sources do not provide all of the fiber the body needs. Adding a dietary fiber supplement can help individuals achieve the amounts of fiber needed to maintain regular digestive functions and avoid health problems.
R&D of low FODMAP dietary fibers is expected to propel growth of the global dietary fibers market over the forecast period. For instance, in March 2020, MGP Ingredients, Inc., a provider of specialty proteins and starches, announced that its dietary fibers, Fibersym RW and FiberRite RW resistant wheat starches, were certified as low FODMAP ingredients by Monash University, Melbourne, Australia.
Major players operating in the global dietary fibers market focused on adopting M&A strategies to expand their product portfolio. For instance, in April 2021, SunOpta Inc. acquired Dream and WestSoy plant-based beverage brands from The Hain Celestial Group, Inc.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective.
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