Global Dietary Fibers Market expected to Reach a Market size of ~US$ 15 billion by 2028: Ken Research

Dietary fiber is a class of plant-based substances that human bodies are unable to fully digest. Whole grains, fruits, and vegetables are all high in fiber, which has repeatedly been demonstrated to improve health and reduce illness risk. Foods made of plants, such as fruits, vegetables, whole grains, beans, and pulses, contain a complex mixture of many various substances that together make up dietary fiber.

According to Ken Research Analysis, the Global Dietary Fibers Market was valued at ~US$ 5 billion in 2017. Increased product demand due to growing consumer awareness of eating a healthy diet and leading an active lifestyle is likely to fuel the market expansion of dietary fibers in the forecasted period. It is estimated to be ~US$ 8 billion in 2022 and is expected to reach a market size of ~US$ 15 billion by 2028 growing at a CAGR of ~11% during 2022-2028.

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It is anticipated that the growing consumption of dietary fiber supplements to fulfill nutritional requirements will drive market growth. Due to the aging population, rising rates of lifestyle diseases like heart disease, obesity, diabetes, and stroke among others and rising healthcare expenses, dietary supplements are in extremely high demand.
The demand for functional foods such as fruits, vegetables, nuts, and seeds in the regions like Asia Pacific and North America is also being driven by an increase in the consumption of plant-based, fortified, vegan, low-salt, low-fat foods with added health benefits, which is expected to boost demand for dietary fibers in the forecasted periods.
Market expansion is being hampered by the lack of awareness of the health advantages of dietary fiber in rural areas and stringent government regulations regarding dietary fibers.
The market for dietary fibers was just slightly impacted by COVID-19. To increase immunity and muscular mass, dietary fibers are also utilized. As a result, there was a strong demand for dietary fiber products during the pandemic. Additionally, consumers started using dietary fibers in their daily diets, which had an impact on the market's overall growth.

Key Trends by Market Segment

By Source - The Cereals & Grains segment dominated the market in 2021, as consumption of fibers lower the risk of cardiovascular conditions like coronary heart disease and stroke.

The primary dietary fiber sources in cereals & grains include oat, bran, corn, rice, and wheat which are abundant in soluble and insoluble fibers including beta-glucan, cellulose, and hemicellulose, which have health advantages like lowering the risk of diabetes and heart disease.
Due to its improved nutritional profile, breakfast cereals are significantly expanding the market share in the global dietary fiber market. This is due to consumers' growing health worries about the negative health impacts of processed and fast foods as well as their excessive calorie consumption when compared to recommended daily intake levels.

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By Type- The soluble segment accounted for the highest market share in 2021, as soluble fiber has the potential to lower blood cholesterol and sugar levels which aids in blood glucose control, lowering the risk of diabetes.

During digestion, soluble fibers attract water and turn it into a gel. Soluble fibers can be found in fruits, vegetables, cereals, nuts, whole grains, and seeds.
Soluble fiber also aids in the prevention of diarrhea, constipation, and inflammatory bowel disease. It aids in caloric control by increasing the release of satiety hormones.

By Application- Food & Beverages accounted for the highest market share in 2021 owing to increased consumer knowledge of the value of dietary fiber in daily meals.

The demand for nutrient consumption among younger generations has driven the expansion of nutritional supplements, which offer dietary fiber-related supplements.
As a result of consumer's improved nutritional profile, breakfast cereal sales are also increasing rapidly. The domination of the market is due to an increase in health-conscious customers and awareness of the harmful effects of fast food and excessive calorie consumption, which can result in a number of lifestyle diseases.

By Geography: Asia Pacific accounted for the largest market share among all regions in 2021, due to the young population in developing countries like India and Bangladesh becoming more aware of the importance of consuming nutrient-dense food products .

China continues to be a profitable market for insoluble and soluble dietary fibers in the region due to the enormous population base with a potential customer market. Additionally, the nation is going through a huge period of innovation and the introduction of new products.
Some of the reasons driving the expansion of the market for dietary fibers in Asia-Pacific include a rise in the aging population, government recommendations to incorporate fiber-rich foods in the daily diet, and rising per capita income. Also, busy lifestyles have led consumers to choose ready-to-eat foods, which has aided manufacturers in developing fiber-rich snacks, particularly for health-conscious customers.

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Competitive Landscape

The Global Dietary Fibers Market(https://www.kenresearch.com/business-research/global-dietary-fibers-market-outlook-2028/) is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Dietary Fibers. Large global players constitute ~15% of competitors, while country niche players represent the largest number of competitors. New product launches, geographic expansions, R&D investments, and mergers and acquisitions are major endeavors to boost market share. This aids in their investigation of the untapped market potential. To ensure an effective flow of their products throughout all regions, industry players turn to supply chain agreements with dealers and distributors. Some of the major players in the market include Cargill, Incorporated. Ingredion., Tate & Lyle, Roquette Frères, Archer Daniels Midland Company (ADM), DuPont., J. Rettenmaier & Söhne GmbH + Co KG, Kerry Group plc., Nexira, BENEO, and others.

Recent Developments Related to Major Players

In November 2019, DuPont Nutrition & Biosciences launched a brand-new dairy enzyme, DuPont Danisco Nurica, which is said to facilitate total sugar by up to 35% while simultaneously producing prebiotic dietary fibre on-site through the natural conversion of lactose.
In December 2021, Nexira announced that the Food and Drug Administration (FDA) has now officially recognized Acacia as a dietary fiber.

Conclusion

The Global Dietary Fibers Market is anticipated to grow significantly during the projected period (2022-2028) as the rising consumer preference for preventative healthcare and maintaining a healthy lifestyle. Additionally, the market is developing due to the rising prevalence of chronic lifestyle diseases like gastrointestinal disorders, hypertension, diabetes, and cardiovascular diseases (CVDs). Consumers are becoming more aware of the advantages of including fiber in regular diets through meals, beverages, nutritional supplements, and medications. Though the market is competitive with ~200 participants, country-niche players control the dominant share and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.

Market Taxonomy

The Global Dietary Fibers Market Size, Segments, Outlook, and Revenue Forecast 2022-2028(https://www.kenresearch.com/business-research/global-dietary-fibers-market-outlook-2028/) is segmented into Source, Type, and Application. In addition, the report also covers market size and forecasts for the four regions. The revenue used to size and forecast the market for each segment is US$ Billion

By Source     

Fruits & Vegetables
Cereals & Grains
Nuts & Seeds
Legumes

By Type         

Insoluble
Soluble

By Application

Food & Beverages
Pharmaceuticals
Animal Feed
Others

By Geography          

North America (USA, Canada, and Mexico)
Europe (France, Italy, Germany, Spain, UK, and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, and Rest of Asia Pacific)
LAMEA (Latin America, Middle East, and Africa)

Key Players  

Cargill, Incorporated.
Tate & Lyle
Roquette Frères
Archer Daniels Midland Company (ADM)
Rettenmaier & Söhne GmbH + Co KG
Kerry Group plc.
Nexira
BENEO

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