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 vital component in a healthy diet as it supports in water absorption and ease bowel movements. Increasing health awareness among consumers across the globe combined with demand for animal-free ingredients and plant-based food are driving the growth of dietary fibers market. Plus, increasing consumption of fiber-based food is also expected to act as a one of the driving factors for increase in the demand for dietary fibers in the upcoming years.
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.
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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.
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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