Dietary Fibers Market Analysis

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).

Drivers

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

Market Restraints

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.

Market Opportunities

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. 

Dietary Fibers Market Report Coverage

Report Coverage	Details
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
Geographies covered:	North America Europe Asia Pacific Rest of World
Segments covered:	By Source: Cereals & Grains (Wheat, Rice, Bran, and Others), Fruits & Vegetables, and Others By Type: Soluble Dietary Fibers (Inulin, Polydextrose, Pectin, Beta-Glucan, and Others), Insoluble Dietary Fibers (Cellulose, Hemicellulose, Chitosan, Chitin, Lignin, Resistant Starch, and Others By Application: Functional Foods & Beverages, Animal Feed, Pet Foods, and Pharmaceuticals
Companies covered:	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
Growth Drivers:	Increasing demand for dietary fiber from pharmaceutical industry Increasing consumption of dietary fiber supplements
Restraints & Challenges:	Lack of awareness regarding the health benefits of dietary fibers in rural areas 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

Figure 2. Global Dietary Fibers Market – Opportunity Analysis

Market Trends

• The growing trend of self-medication and consumption of herbal products is expected to augment the market growth of the dietary fibers in the near future. Increasing demand for preventive health care products among the elderly and aging population especially across China is also projected to foster market growth. Increasing awareness regarding the quality and safe natural products with natural ingredients is again projected to propel the market growth over the forecast period.
• Increasing strategic distribution partnership and agreement among key manufacturers for business expansion is an emerging trend in the market. For instance, in June 2018, Gillco Ingredients and Cargill’s Food Ingredients & Bioindustrial business in the United States has entered into a distribution agreement. This partnership allows Gillco to have access to a broader portfolio of ingredients within Cargill’s Starches, Sweeteners, Texturizing Solutions, and Edible Oils businesses.

Figure 3. Global Dietary Fibers Market, Revenue Share (%), By Applications, in 2020

Key Takeaways of the Graph:

• The Functional Foods & Beverages held dominant position in the market and accounted for 40.9% share in the Global Dietary Fibers Market in 2020. The segment is expected to reach US$ 21.88 million in 2028.
• The growing demand for healthy and nutritional food products among health-conscious consumers is propelling the market growth of the dietary fibers. For instance, in September 2019, Tyson Foods, Inc. has launched Pact, a new brand “created to help people harness the natural benefits of food. Pact Snack Bites, is a line of functional refrigerated protein snacks. These are made with fruits and nuts and contain functional ingredients such as kombucha, matcha, turmeric, probiotic cultures, prebiotic fiber, and collagen protein.
  

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.

Competitive Section

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

• In October 2019, Cargill has invested in a reformulation solution that will allow for a 30% reduction in sugar, as well as calorie reduction and fibre enrichment in candy, bread items, fillings, cereals, ice cream, and dairy.
• In July 2021, Cargill is investing US $45 million (EUR 38 million) to add soluble fibres to its European portfolio of starches, sweeteners, and texturizers as demand for reduced-sugar products grows.
• In April 2021, Hain Celestial Group Inc., a natural and organic products company, has sold its plant-based WestSoy and Dream brands to SunOpta Inc. SunOpta will be able to increase its footprint in the niche market of plant-based beverages due to the $33 million deal.