Edible Fiber Market Snapshot by 2027
Fact.MR has come up with a new study on global edible fibers market that analyzes different aspects influencing this landscape. The market for edible fibers is highly competitive with a number of players operating in this landscape. Actionable intelligence on different facets of global edible fibers market is included in the report, with a projection forecast for a period of nine years, from 2018 to 2027.
The report further covers key companies involved in supply of edible fibers. Analysis regarding their key financials such as sales and shares, key strategies, SWOT analysis and key financials is included in the report. Additionally, key innovations and developments are chalked in this report.
Health Benefits and Pharmaceutical Applications of Edible Fibers to Boost Growth
Demand for edible fibers is witnessing an increase, owing to growing awareness among end-users on the importance of mitigating lifestyle diseases. Consumers are focusing on enriching their diet with healthy foods to ward off lifestyle diseases. This trend is particularly more pronounced in regions that have a high prevalence of lifestyle diseases. Prevalence of diabetes in India is comparatively high and thereby, adoption of edible fibers in India as awareness among consumers has witnessed a spike in the recent past. In addition to India, demand for edible fibers is also likely to increase in the United States, as obesity has reached epidemic proportions in the country. According to a research, people having edible fiber in their diet have 40% lower risk of heart disease. Every year almost 785 thousand Americans have first coronary attack and another 470 thousand who have already had one or more have another attack as per statistics provided by America College of Cardiology
Concerns About Side Effects of Edible Fibers Can Inhibit Growth During Assessment Period
Awareness regarding health benefits of edible fibers is likely to create more number of opportunities for edible fiber companies. In order to minimize prevalence of such diseases, adoption of edible fibers is projected to witness huge growth in foreseeable future. However, high consumption of edible fibers is likely to cause constipation, discomfort, and other side effects. Although manufacturers are focusing on reducing these side-effects, a significant section of consumers is still skeptical about including edible fibers in their diet.
Edible Fibers Find Way in Packaging Industry
Need for on-the-go food has forced a number of leading companies in the packaging industry to find out such packaging material, which can be consumed along with the product inside the package. This minimizes waiting time required to unpack consumables. With the use of coconut fibers, packaging of several consumables is possible nowadays, which will add fibers to diet.
Demand for seamless and cost-effective packaging from food and beverage industry is increasing rapidly, thereby applications of edible fibers is expected to witness expansion in foreseeable future as these are utilized in the packaging of various food materials such as meat, milk products etc. This is likely to boost demand for edible fibers in near future.
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Global Polyacrylates Market: Key Players
The Polyacrylates market is a highly organized market. Significant share of the market is accounted by key players across the globe. Some of the key players identified across the value chain of the global Polyacrylates market include BASF SE, Arkema Inc., Dow Dupont, TOYOBO CO., LTD., Lucite International, Wanhua Chemical Group Co.,Ltd., Sasol Limited, LG Chem Ltd. and TOAGOSEI CO., LTD., among others.
Opportunities for Market Participants
Adoption of organic growth strategy, supported by increasing demand from end-use industries, such as coating, adhesive & sealant and textiles, among others, will help to cater to rising demand in the global market. Over the recent past, there has been an increase in the number of consolidation and expansion activities in the Polyacrylates market. This can primarily be attributed to efforts by companies to meet the increasing demand for Polyacrylates, gain access to high-growth markets of Asia Pacific and strengthen their footholds in regions, such as Europe and North America. Also, innovative approaches towards the production process and recycling have helped in decreasing production costs and eliminating possible hazards during production and application. This will, in turn, help promote the growth of the market in the long term.
In July 2014, Arkema Inc. opened a new Methyl Acrylate production plant in Texas, US. The Company had invested US$ 110 Mn till the completion of the plant, which has a production capacity of around 45,000 Tons/year
In June 2015, BASF SE inaugurated first production plant for acrylic acid and butyl acrylate in Bahia, Brazil. The plant has production capacity of around 160,000 tons per year. The investment of the company was around US$ 650 Mn
Evoware’s Edible Fiber-based Packaging Solution to Replace Plastic
Stringent regulations related to use of plastic material in packaging industry are likely to create opportunities for the use of edible fibers in packaging. Biodegradable and edible seaweed-based packaging is likely to minimize plastic wastage while providing support to farmers.
Indonesia is the world’s second largest plastic waste contributor to the ocean. This has led Evoware, an Indonesian company to develop a solution to plastic waste with the use of seaweed-based packaging, which is biodegradable and edible. The company has come up with a packaging made of seaweed in cooperation with local farmers. This packaging dissolved in warm water making zero-waste product. It is totally biodegradable and can be utilized as plant fertilizer. Such type of packaging has shelf life of two years and is preservative-free. Additionally, this packaging is healthy and safe to eat. It is full of edible fibers, nutritious, minerals, and vitamins and is Halal-certified product. The packaging is tasteless, odorless however can be customized with various colors, flavors, logos and lot more. Such types of innovations can transform the market, wherein both the product and packaging are beneficial, in terms of edible fiber consumption.
Overall, the report on edible fibers market is a holistic and comprehensive source of information and analysis for stakeholders in this landscape. The report can serve as a valuable guide for players looking to make a foray into this market. Existing players can also benefit from the insights offered in the report and plan their product strategies.
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