The Global Dietary Fibers Market was valued at US$ 16.3 million in 2020, according to Dietary Fibers Market Report, 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, Pharmaceuticals), and by Region (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa), published by Coherent Market Insights.
The Global Dietary Fibers Market was valued at US$ 16.3 million in terms of revenue in 2020 and is predicted to grow at a CAGR of 15.1% during the forecast period (2021 to 2028). Dietary fibers are fibers that are present in food and can be derived from various sources such as animals and plants. It has high nutritional value and is mostly found in edible plants such as vegetables, fruits, lentils, grains, nuts, and dried peas. Consumption of dietary fibers reduce the risk of various chronic disease and also helps in maintaining the cholesterol level in the blood.
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Browse 50 market data tables* and 45 figures* on “Dietary Fibers Market” - Global Forecast to 2028.
Key Trends and Analysis of the Global Dietary Fibers Market:
- Continuous product innovation by key players is one of the growing trends in the market and this trend is projected to stimulate market growth in the near future. For instance, in April 2017, Ingredion Incorporated, a global provider of ingredient solutions to diversified industries, announced the launch of a new line of low cost-in-use dietary fibers for manufactures wanting to easily add fiber to foods – the NOVELOSE dietary fiber series – for fiber fortification and calorie reduction in baked goods, pastas, noodles and extruded products with little to no impact on product texture, flavor and color.
- The growing demand for cosmetic products due to changing fashion trends is projected to propel the market growth. Various manufacturers are focusing on introducing cosmetics products that incorporate insoluble and soluble dietary fibers. For instance, Beta-glucans is a soluble dietary fiber that is useful in the production of cosmetics since it has anti-wrinkle and anti-inflammatory properties. Moreover, the fruit pulp is also used in cosmetic creams, face washes, etc. This is expected to favor the market growth of dietary fibers.
- Growing preferences for a healthy lifestyle along with increasing government campaigns that promote the consumption of a nutritionally balanced diet is projected to offer lucrative opportunities. Moreover, change in a demographic scenario such as an increase in the young and geriatric population that seeking healthy food ingredients for enhancing their supplementation is again expected to propel the market growth. All these factors are expected to flourish the business opportunities over the forecast period.
Global Dietary Fibers Market: Recent Developments
- In October, 2019, Cargill invests US $35 million in Europe to create soluble fibres in response to customer demand for healthier foods.
- In May 2021, the award-winning PROMITOR Soluble Fiber portfolio from Tate & Lyle has been expanded. PROMITOR Soluble Fiber W and PROMITOR Soluble Fiber 90L are two new liquid variants of PROMITOR that will be launched as part of the expansion.
- In September 2021, Cargill Animal Nutrition has declared its desire to form a strategic relationship with Fuite, a family-owned animal nutrition company based in Hasselt, the Netherlands, to establish a state-of-the-art premix, concentrate, and young animal nutrition production plant.
- Side-effects associated with the excessive intake of dietary fiber is hampering the demand for dietary fibers. Basically, dietary fiber is a safe ingredient but leads to problems when consumed in excess. According to the American Society for Nutrition, the recommended level of dietary fiber intake for men and women is around 30 g/ day and 25g/ day respectively. Many consumers have reported instances of abdominal issues, constipation, and diarrhea due to excess consumption of dietary fibers.
- The Global Dietary Fibers Market was valued at US$ 16.3 Mn in 2020 and is forecast to reach a value of US$ 50.67 Mn by 2028 at a CAGR of 15.1% between 2021 and 2028.
- The Source segment was valued US$ 16.3 Mn in 2020 and is expected to witness a CAGR of 15.1% over the forecast period. (Different Segment should be covered than what is covered in MI file by Research Team )
- 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
- These players are constantly engaged in mergers, acquisitions and investments to gain competitive advantage over other players. For instance, In August 2021, Cargill and Continental Grain Industry would acquire Sanderson Farms for $203 per share in cash, creating a major US poultry company.
Global Dietary Fibers Market - Impact of Coronavirus (Covid-19) Pandemic
- Globally, as of 6:35pm CEST, 24 September 2021, there have been 230,418,451 confirmed cases of COVID-19, including 4,724,876 deaths, reported to WHO. As of 23 September 2021, a total of 5,874,934,542 vaccine doses have been administered. Emergence of Covid-19 has increased the consumption of high fiber diet. For instance, in April 2021, an article published in the journal 'Gut Microbes' stated that a high fiber diet could help control the inflammatory responses associated with COVID-19.
- Cereals & Grains
- Fruits & Vegetables
- Soluble Dietary Fibers
- Insoluble Dietary Fibers
- Resistant Starch
- Functional Foods & Beverages
- Animal Feed
- Pet Foods
- North America
- Latin America
- Middle East & Africa