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Dietary Fibers Market Outlook, Critical Insights, Trends Analysis, Key Players And Forecast To 2033
Dietary Fibers Market Outlook
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According to The Business Research Company's, The dietary fibers market size has grown rapidly in recent years. It will grow from $9.05 billion in 2023 to $10.05 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to functional health benefits, growing demand for weight management solutions, evolving food labeling and regulations, shift in dietary preferences, food industry innovations.
The dietary fibers market size is expected to see rapid growth in the next few years. It will grow to $15.71 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to increasing awareness of digestive health, regulatory focus on labeling and health claims, continued shift in dietary preferences, demand for natural and organic foods. Major trends in the forecast period include government health campaigns and regulations, functional beverages and snacks, innovative digestive health products, plant-based and vegan diets, clean label movement.
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Market Drivers and Trends:
The increasing prevalence of chronic diseases is expected to propel the growth of dietary fibers market going forward. Chronic disease refers to a form of illness that lasts for three months or more and can deteriorate with time. Dietary fibers are recognized for their role in promoting digestive health, weight management, and controlling blood sugar levels. Consumers are increasingly seeking products that contribute to overall well-being and may help mitigate the risk factors associated with chronic diseases. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, there would be 142.66 million people with chronic diseases worldwide by the year 2050, up from 71.522 million in 2020. Therefore, the increasing prevalence of chronic diseases is driving the growth of the dietary fibers market.
Product innovation is a key trend gaining popularity in the dietary fibers market. Major companies operating in the dietary fibers market are focused on developing new products to strengthen their position. For instance, in April 2021, DuPont de Nemours Inc., a US-based chemicals and science-based products company introduced Lactase Nurica which generates GOS fiber and lactose-free dairy products in China, to help them meet their daily fiber requirements and to enhance overall gut health and digestibility. Nurica is a novel enzymatic solution that allows manufacturers to naturally synthesize dietary fibers in the form of GalactoOligoSaccharides (GOS) in situ by converting lactose found in dairy products. The unique features of Nurica include high fiber, reduced sugar, and low or no lactose while maintaining quality and profitability.
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Major Key Players of the Market:
The Archer-Daniels-Midland Company, Lonza Group AG, Roquette, The Emsland Group, Cargill Incorporated, DuPont de Nemours Inc., Kerry Inc., The Green Labs LLC, Nexira, Ingredion Incorporated, Tate & Lyle PLC, Farbest Brands, AGT Food and Ingredients, Batory Foods Inc., Koninklijke DSM N.V., The Hain Celestial Group Inc., Dole Food Company Inc., Dairy Farmers of America Inc., Grain Millers Inc., PURIS, Taiyo International, Grain Processing Corporation, Fiberstar Inc., KFSU Ltd., Solvaira Specialties Inc., SunOpta Inc., Tereos S A, Unipektin Ingredients AG, Cosucra Groupe Warcoing SA, SENSUS Inc.
Dietary Fibers Market 2024 Key Insights:
• The dietary fibers market size is expected to see rapid growth in the next few years. It will grow to $15.71 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%.
• Growing Appetite For Functional Foods Drives Growth In Dietary Fiber Market
• Product Innovations Transforming The Dietary Fibers Market
• North America was the largest region in the dietary fibers market in 2023
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