Dietary Fiber Market was valued at USD 40 Billion in 2019 and predicted to grow at 9.1% CAGR during the forecast period. As per the analysis by GMI Research, the prominent factors responsible for the growth of the global dietary fiber market size are the growing health awareness among the consumers and the consumer preference for natural products.
Introduction of the Global Dietary Fibers Market
Dietary fiber is called roughage, which is the indigestible part of the plant food, which gives several health advantages like minimizing the risk of heart diseases and diabetes. Fibers have two types, soluble and insoluble, present in vegetables, whole grains, legumes, and fruits. The global dietary fibers market covers soluble dietary fiber, including pectin, corn fiber, inulin, and other dietary fiber, and insoluble dietary fiber, which comprises chitin & chitosan, cellulose, lignin, wheat fiber, oat bran, and others.
Key Players of the Market
Dietary Fibers Market Dynamic
Key Drivers and Emerging Trends
The significant factors contributing to the growth of the dietary fibers market size are growing consumer awareness about healthy diet patterns and the rise in the urban population coupled with the active lifestyle. The increasing prevalence of cancer, diabetes, and heart diseases has pushed consumers to use fiber-based products that provide multiple benefits. According to the Centers for Disease Control and Prevention, heart disease is common, and it is evident that many men, women, and people of most racial and ethnic groups in the US are died because of heart disease. Every 36 seconds, one person dies from cardiovascular disease in the US. The European Food Safety Authority states that the use of dietary fibers helps in lowering the possibilities of health diseases like heart disease, constipation, diverticular disease, and diabetes.
Some primary food and beverage industry players like Roquette Frères, NuGo Nutrition, NOW Foods, FiberOne, Nestlé, Kellogg Co., and Procter & Gamble offer functional food and beverages to catch the consumer’s changing demand. For instance, Roquette Frères provides NUTRIOSE soluble PEA fibers sourced from non-GMO wheat. In addition, the change in the consumer perception regarding dietary products are more suitable for their dietary needs than the regular diet is bringing more individuals towards the market.
Dietary Fibers Market Segmentation
Raw Material Market Drivers
Based on the raw material, fruits & vegetables are expected to grow at a faster CAGR during the forecast period. The growing consumer awareness about the multiple benefits of fruits & vegetables-based dietary fibers, such as reducing the risks of obesity and diabetes, is a crucial factor responsible for the market growth. Furthermore, this product has a lower energy density and gives fewer kilojoules per gram.
Product Market Drivers
Based on the product, the soluble dietary fibers are projected to rise at a higher CAGR during the forecast period. The soluble dietary fibers are derived from nuts & seeds, cereals & whole grains, and fruits & vegetables for animal and human consumption. Several fibers extracted from vegetables, like insulin and fructooligosaccharide (FOS), are helpful for the intestine’s functions. This product is increasingly used as a flavor-enhancing additive in various food & beverages such as frozen dairy products, and bakery & confectionery products are a key driver supporting the market’s growth.
Application Market Drivers
Based on the application, the food & beverages segment is projected to lead the market during the forecast period. It is due to the rising health consciousness amongst the people, which has motivated them to adopt healthy food products. Furthermore, the consumers are taking high-fiber content’s breakfast cereals due to the rising health concerns related to the negative consequence of processed and fast food on health.
Based on the region, Asia-Pacific is projected to rise at a faster CAGR over the forecast period. The countries like Indonesia, China, and Japan are the leading players in the food and beverage sector. According to the China Chain Store & Franchise Association, China’s food and beverage sector touched USD 595 billion in 2019, which has increased by 7.8% in 2018. Moreover, the rising health consciousness, coupled with the increasing fitness clubs, particularly in India, is helping individuals to prefer fiber-based food products, thus surging the dietary fiber market share in the region.
Dietary Fibers Market Segmentation
Market Segmentation by Raw Material
Market Segmentation by Product
Market Segmentation by Application
Market Segmentation by Region
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