According to a research report "Dietary Fibers Market by Source (Fruits & Vegetables, Cereals & Grains, Legumes, Nuts & Seeds), Type (Soluble, Insoluble), Application (Functional Food & Beverages, Pharmaceuticals, Feed, Nutrition, Other Application) & Region - Global Forecast to 2027" published by MarketsandMarkets, 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. Rising dietary fiber supplement intake to meet nutritional requirements is projected to augment market growth. Due to the aging population, increasing incidence of lifestyle diseases, and rising healthcare expenses, these supplements are in extremely high demand. Due to all these factors, consumer preferences are shifting toward consuming more dietary supplements to support their health and meet their basic nutritional requirements, driving the market growth.
Browse 367 market data Tables and 48 Figures spread through 333 Pages and in-depth TOC on "Dietary Fibers Market by Source (Fruits & Vegetables, Cereals & Grains, Legumes, Nuts & Seeds), Type (Soluble, Insoluble), Application (Functional Food & Beverages, Pharmaceuticals, Feed, Nutrition, Other Application) & Region - Global Forecast to 2027"
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By source, the fruits and vegetable segment is predicted to achieve the second highest CAGR growth in the Dietary fiber market.
With a healthy balance of soluble and insoluble fractions, fruits and vegetables are important sources of dietary fiber (DF). The dietary fiber derived from these plant-based foods has physiological and functional characteristics linked to health benefits. They also have antioxidant properties from the bioactive substances connected to dietary fiber. Dietary fibers and prebiotic compounds found in fruits and vegetables significantly improve human health through mechanisms such as microbiota modulation, postprandial glycemic response reduction, cholesterol normalization, constipation prevention, and transport of phenolic compounds.
The soluble dietary fiber segment is likely to account for the highest market share in the dietary fiber market over the forecast period.
Soluble dietary fiber dissolves in water to form a gel-like substance. It can aid in lowering cholesterol and blood glucose levels. Oats, peas, beans, apples, citrus fruits, carrots, barley, and psyllium all hold soluble fiber. Soluble dietary fibers help to improve coronary artery health, the health of the colon, the stimulation of bifidobacteria or lactobacilli in the gut, as well as lowers lower cholesterol and glucose levels. The demand for soluble dietary fibers is propelled by changing consumer lifestyles and an increase in the use of dietary fibers as functional food ingredients. In the coming years, the market expansion is supposed to be driven by the expanding application base of soluble dietary fibers across several industries, including food & beverage, pharmaceutical & nutraceutical, and feed.
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 dietary fibers market, which elevates the opportunities for functional and fortified food and beverage applications.
Key Market Players
The key players in this market 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). These market players focus on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific, and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
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