Growth Surge in the Dietary Fibers Market: Insights and Future Prospects

The global dietary fibers market is valued at US$ 7.7 Billion in 2022 and is projected to exhibit expansion at a stellar CAGR of 10% over the next ten years. The market is anticipated to surpass a valuation of US$ 20 Billion by the end of 2032.

The global dietary fibres market is expected to be worth $7.7 billion in 2022, with a 10% CAGR over the next ten years. The market is expected to be worth more than $20 billion by the end of 2032. Consumer awareness of health, wellness, and nutrition is expected to increase, as will the shift from pharmaceutical to nutraceutical products and rising consumer demand for fiber-enriched food products.

Consumer preference for natural products is a major factor influencing market growth. Increased awareness and concerns about preventative healthcare, as well as the effectiveness of dietary fibres on overall health, are driving market expansion. Demand for dietary fiber-containing foods has increased due to increased consumption of functional foods, which have the ability to improve health as well as provide basic nutrition, which will positively impact market growth in the coming years.

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Key Segments in Dietary Fibers Industry Research

By Product Type :
- Insoluble
  - Cellulose
  - Hemicelluloses
  - Chitin & Chitosan
  - Lignin
  - Oat Bran
  - Wheat Fiber
  - Others
- Soluble
  - Inulin
  - Pectin
  - Beta-Glucan
  - Corn Fibers
  - Others
By Application :
- Food & Beverages
- Pharmaceuticals
- Animal Feed
- Others
By Raw Material :
- Fruits & Vegetables
- Cereals & Grains
- Nuts & Seeds
- Legumes

Key Takeaways from the Market Study

Global dietary fibers market value to more than double from 2022 to 2032
North America to emerge as an opportunistic market, registering a value CAGR worth 9%
Asia Pacific to be the fastest growing dietary fibers market, expected to surge at a 9.9% CAGR
By raw material, dietary fibers derived from cereals and grains to hold a 48% market share
Insoluble dietary fibers to experience maximum sales, growing at a CAGR of 8.7% by 2032
By application, food & beverage to yield a revenue share worth US$ 3 Billion for dietary fibers

Market Competition

Top companies in the Dietary Fibers market are focusing on advancing their research and fast-tracking the development of new Dietary Fibers to launch new products and gain a competitive advantage over other market players.

In September 2020, Batory Foods entered into an agreement with BioHarvest Sciences Inc., a developer of patent-protected and proprietary Biofarming technology. The agreement was signed exclusively to enter the US Edible CBD Market and US Nutraceuticals Market so as to strategically diversify Batory Foods’ product portfolio.

Cargill, Inc. invested about USD 35 million in Europe in October 2019 to expand its current product line of sweeteners, starches, and texturizers to include soluble dietary fibres. This strategic project is the company’s first foray into soluble dietary fibres in Europe, and it was launched to give on-trend solutions to makers of high-quality products such as bakery & confectionery goods, cereals, and dairy products.

Key Companies

BENEO
Lonza
DuPont de Nemours, Inc.
Archer Daniels Midland Company (ADM)
Batory Foods
Ingredion Incorporated
Roquette Freres
PURIS
Tate & Lyle
Emsland Group
Cargill, Incorporated
Kerry Inc.
The Green Labs LLC

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The North American dietary fibres market is expected to grow at a 9.0% CAGR. In 2021, North America will be the leading market for immunity-boosting and health-improving products. Nutritional care has evolved significantly in the region, with consumers becoming increasingly conscious of the components in packaged food products. The new current diets and lifestyles embraced by people in the North American region have made dietary fibre consumption extremely important.

Demand for dietary fibres in the United States is projected to be driven by the easy availability of cereals and grains such as oats, whole wheat, rye, corn, popcorn, barley, brown rice, wild rice, buckwheat, triticale, bulgur, and millet. Furthermore, growing worries about various health conditions like as obesity, high cholesterol levels, and cancer are expected to have a beneficial impact on the growth of the U.S. dietary fibres market.