Global Dietary Fibres Market is valued at approximately USD 6862.6 million in 2021 and is anticipated to grow with a healthy growth rate of more than 9.62% over the forecast period 2022-2029. Dietary fibres are found in a wide range of food and are mostly produced from plant-based foods including fruits, vegetables, and legumes. These fibres aid in the body’s waste removal, lower blood sugar, and cholesterol levels to lower the risk of diabetes and heart disease and maintain a healthy weight. Dietary fibers are highly applicable in different industries such as pharmaceuticals, foods & beverages, and animal feed. The increasing demand from pharmaceutical sectors, rising intake of dietary fiber supplement to fulfill nutritional requirements coupled with the surge in demand for pet and animal foods are the primary factors that are accelerating the market demand across the globe.
The rising awareness regarding the adoption of a healthy diet is acting as a key driving factor for market growth across the globe. For instance, The World Bank in 2020 reported that the World Health Organization is encouraging the population to consume healthy foods and meals. Also, it includes spreading awareness by educating children, adolescents, and adults about healthy dietary practices and nutrition, and providing nutrition & dietary counseling. Moreover, there are various policies and programs are developing to encourage the population to adopt and maintain a healthy diet. Therefore, these aforementioned factors are propelling the demand for dietary fibres in the global market. Furthermore, the rising spending on a healthy diet, as well as the growing prevalence of various diseases are presenting various lucrative opportunities over the forecasting years. However, there are some health issues are associated with access consumption of dietary fibres is a challenging the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Dietary Fibres Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue of USD 2343.6 million market shares, owing to the rising dietary supplements demand, growing demand in pet food, and rising consumer awareness. Whereas, the Asia Pacific is also expected to grow with the highest CAGR of 11.42% during the forecast period, owing to factors such as rising digestive health issues, surge in demand for functional food, well as high demand from food and beverages sectors in the market space.
Major market players included in this report are:
Cargill Incorporated
DuPont de Nemours, Inc.
Ingredion Incorporated
Kerry Group
Tate & Lyle PLC
Farbest Brands
J. RETTENMAIER & SÖHNE GmbH + Co KG
Taiyo International Corporation
AGT Food and Ingredients Inc.
Batory Foods Incorporated
Recent Developments in the Market:
In September 2022, Cargill, Incorporated announced that the company planned to introduce a novel soluble corn fiber ingredient. The ingredient allows a high fibre claim in products by containing at least 80% fibre content on a dry basis, which is expected to use in applications such as baked goods, cereal, drinks, candies, dairy products, fruit preparations, and pet food. The company aims on meeting the need for reducing calories, along with expanding the company’s product portfolio.
In November, 2021, Kerry group unveiled the launch of Emulgold Fibre- a naturally sourced fibre specially designed for utilization in the production of white bread products, which presents a threefold rise in the volume of fiber consumed. The aim of this initiative is to fulfill increasing consumer and food manufacturer requirements for taste and nutrition in the traditional white bread market
Global Dietary Fibres Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Source, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Soluble
Insoluble
By Source:
Cereals & Grains
Fruits & Vegetables
Other Crops
By Application:
Functional Food & Beverages
Animal Feed
Pet Food
Pharmaceuticals
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World