Dietary Fibers Market Is Expected To Reach US$ 20 Billion At A CAGR Of 10% By 2032

As of 2022, the global dietary fibers market is valued at US$ 7.7 billion and is projected to grow at a robust CAGR of 10% over the next decade, expected to surpass US$ 20 billion by 2032. This growth is fueled by increasing consumer awareness about health and nutrition, a shift from pharmaceutical to nutraceutical products, and rising demand for fiber-enriched foods.

A significant factor driving market growth is the growing preference for natural products. Awareness of preventive healthcare and the benefits of dietary fibers is increasing, leading to a surge in demand for functional foods that enhance health and provide essential nutrition. This trend is set to positively impact market growth in the coming years.

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Recent advancements in manufacturing technologies, such as microwave, ultrasound, and high-pressure processing, have enabled higher yields of dietary fibers while preserving their functionality. These methods reduce processing time and temperature, leading to lower energy consumption. Additionally, the adoption of green technologies is expected to further boost market growth.

The rising consumer interest in probiotics for gut health is driving demand for probiotic-infused functional beverages, thereby increasing the need for dietary fibers. Beverage manufacturers are responding by innovating and incorporating probiotics into various products, including dairy, grain-based items, dairy alternatives, fermented beverages, fruit and vegetable-based products, and ready-to-eat snacks and drinks. This surge in product innovation and probiotic integration is anticipated to propel the dietary fibers market during the forecast period.

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

"Focus on health and diet has increased in recent years and this trend has led to a substantial increase in healthcare research and development activity across the world. Dietary fibers play a vital role in combating diseases and treating them, which is what primarily drives the demand for dietary fibers," says a Fact.MR analyst.

Key Companies Profiled-
• 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

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.

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 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

By Region :
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Read More: https://www.factmr.com/report/dietary-fibers-market

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About Fact.MR:

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

This release was published on openPR.