The global dietary fibers market is estimated at USD 6.8 billion in 2022. It is projected to reach USD 12.3 billion by 2027, recording a CAGR of 12.6% during the forecast period. Dietary fibers are not easily digested by the human digestive system and are parts of plant-based food. Though they are not digestible by gastrointestinal acids, they remain a vital component in a healthy diet as it support water absorption and ease bowel movements. Increasing health awareness among consumers across the globe, combined with demand for animal-free ingredients and plant-based foods, is driving the growth of the dietary fiber market. Plus, increasing consumption of fiber-based foods is also expected to be one of the driving factors behind the increase in demand for dietary fibers in the upcoming years.
Increasing demand for nut-based superfoods
Superfoods such as almonds, peanuts, cashew, chia, and flaxseeds are considered wholesome and superfoods. Flaxseeds have around 27 g of fiber per 100 g of serving. Peanuts are known to lower the risk of heart disease and diabetes. On the other hand, almonds aid in relieving constipation and various of skin conditions, such as acne and eczema. Furthermore, almonds can cure gastroenteritis, renal aches, diabetes, face neuralgia, head lice, and gastric ulcers. Therefore, these superfoods are always in high demand for consumers around the world, that has led manufacturers to introduce products enriched with these superfoods, which in turn anticipated to increase dietary fibers market growth in the upcoming years.
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Growing awareness regarding nutrition-rich animal-feed products
Conventionally, dietary fiber has been considered antinutritional because of its side effects on feed consumption and nutrient digestibility. Soluble fibers such as pectin from sugar beet, beta-glucan from oats and barley, and arabinoxylan from rye and wheat can improve viscosity and mitigate the passage rate in young poultry and pigs. The fiber-rich raw materials for pet food and feed are easily available at low costs. The key objective of revitalizing pet food with dietary fiber is to enrich it with prebiotics that support the growth of good bacteria in the intestine. It also helps maintain healthy digestive and immune systems of animals. Hence, incorporating dietary fiber to help enhance gut and animal performance, which in turn expected to drive its application in animal nutrition.
North America is projected to achieve the highest market share in the dietary fibers market.
The increased demand for fortified food and drinks, including dairy products, meat products, bakery goods, and snacks in the United States, Mexico, and Canada, is expected to drive market growth during the forecast period. The region’s recent economic growth and growing urban population brought significant changes in eating habits and lifestyle. During the projection period, it is predicted that rising consumer interest in Greek yogurt, confectionery goods, and health drinks will drive market expansion. More than half of US consumers consider high fiber important when buying a healthy snack. According to a report published in September 2020 by Mintel titled “Patent Insights; dietary fibers in food and drinks,” 86% of US consumers have either tried or would be prepared to try high-fiber foods and beverages for digestive relief. A huge elderly population is also one of the driving factors for the market, which elevates the opportunities for functional and fortified food and beverage applications.
Top Companies in the Dietary Fibers Market:
The Dietary fibers market consists of a few globally established players such as include Beneo (Germany), ADM (US), Tereos (France), Cargill (US), Dupont (US), Roquette Frères (France), Ingredion Incorporated (US), Kerry Group PLC (Ireland), The Green Labs LLC (US), Nexira (France), Tate & Lyle (UK), Nutri Pea Ltd (Canada), Herbafood Ingredients GmbH (Germany), Scoular (US), and Baolingbao Biology Co Ltd. (China). Mergers and acquisitions were the dominant strategy adopted by the key players, expansions, and new product launches. These strategies have helped them to increase their presence in different regions and industrial segments.
Beneo (Germany) is one of the foremost players in the dietary fibers market. The company is offering its products and services to customers of 80 plus countries via five manufacturing facilities. The company offers dietary fibers under their human nutrition and animal nutrition vertical that have applications such as feed products, food & beverages. The company is engaged in introducing new products across its business categories. It has a wide global presence and an excellent business network. As part of its strategic initiative, Beno has lately unveiled the state-of-the-art manufacturing facility in Chile and Belgium in order to fulfill the requirements of customers functioning in the chicory fibers market, which in turn expected to solidify its position in the European dietary fibers market.
Archer Daniels Midland Company (ADM) is a major player in offering human and animal nutrition ingredients. ADM runs its business in various verticals such as food and beverages, industrial products, animal nutrition, and biofuels. The company caters to applications such as logistics, farmers services, and financial services. ADM provides its dietary products under the brand name of Fibersol. The joint venture between ADM, Matsutani America, Inc., and Matsutani Chemical Industry Co., Ltd., helps to market and sale Fibersol products and services to customers across the globe. global sales and marketing of Fibersol.
Fibersol fiber ingredients are produced completely in the United States, confirming constant quality, ample supply, and on-time delivery to clients that are located around 170 counties of different region. Furthermore, Archer Daniels Midland Company’s global value chain consists of around 500 crop procurement locations, 270 ingredient manufacturing facilities, and 44 innovation centers.
Cargill is engaged in producing and delivering various food ingredients products to food and agricultural industries. The company deals in five business verticals such protein and salt, food ingredients and bio-industrial, animal nutrition, agricultural supply chain, and metals and shipping. Cargill has food research and innovation centers, animal nutrition research centers, product development centers, and local food application facilities in different locations across the globe. The company functions around 70 plus countries with wide spectrum of customers who are operating in food, pharmaceuticals, cosmetics, and nutraceuticals industries. In order to introduce new products, the company has invested in R&D and made geographical expansion. Recently, Cargill invested in Europe to construct a texturizer and soluble fiber production plant at Worclaw, Poland this is anticipated to strengthen Cargill’s position in the global dietary fibers market.
Key Questions Addressed by the Dietary Fibers Market Report:
Which region is projected to account for the largest share in the dietary fibers market?
What is the current size of the global dietary fibers market?
Which are the key players in the market, and how intense is the competition?
What is the leading application in the dietary fibers market?
What is the estimated industry size of dietary fibers?
What is the leading source in the dietary fibers market?
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