Global Dietary Fibers Market Size By Type (Cereals & grains, Legumes), By Application (Functional food & beverages, Pharmaceuticals), By Region, And Segment Forecasts, 2023 to 2032

Report Id: 10915 | Published Date: Feb 2023 | No. of Pages: | Base Year for Estimate: Feb 2023 | Format:


The Global Dietary Fibers Market was valued at USD 7.8 billion in 2023 and is projected to surpass USD 13.4 billion by 2031, growing at a CAGR of 7.1% during the forecast period of 2023-2031. The rising health consciousness among consumers, growing preference for functional foods, and increasing awareness about the benefits of dietary fibers are key factors driving the market. Dietary fibers are recognized for their role in improving digestion, reducing the risk of chronic diseases, and promoting overall health, contributing to their widespread application in food and beverage industries, dietary supplements, and pharmaceuticals.

Drivers:

Health Benefits Awareness: Consumers are increasingly aware of dietary fibers' benefits, such as improved gut health, weight management, and reduced cholesterol levels.

Demand for Functional Foods: Functional foods enriched with dietary fibers are gaining traction due to their role in preventive health.

Supportive Government Policies: Favorable regulations and campaigns promoting healthier lifestyles are supporting the market's expansion.

Restraints:

High Production Costs: The extraction and processing of dietary fibers, especially from organic sources, involve significant costs.

Limited Consumer Awareness in Emerging Markets: A lack of understanding of dietary fibers’ health benefits hinders their adoption in certain regions.

Opportunity:

Innovative Applications: R&D in dietary fibers, such as inclusion in non-food industries like bio-based materials, offers vast opportunities.

Growing Demand in Emerging Markets: Urbanization and rising health awareness in Asia-Pacific and Latin America present lucrative growth opportunities.

Market Segmentation Insights:

Market by Fiber Type:

Soluble Fibers: These dominate the market due to their effectiveness in improving digestion and managing blood sugar levels.

Insoluble Fibers: Growth in the demand for bakery and cereal products drives this segment.

Market by Source:

Cereals & Grains: Leading the market due to their high fiber content and wide usage in food products.

Fruits & Vegetables: Gaining attention for their natural dietary fiber profile.

Market by Application:

Food & Beverages: The largest segment due to increased consumer preference for fiber-enriched products.

Pharmaceuticals: Notable growth due to fibers’ role in gut health treatments.

Market by Regional Insights:

North America: Largest market in 2023, driven by consumer awareness and functional food consumption.

Asia-Pacific: Expected to grow at the highest CAGR, supported by increasing health consciousness and urbanization.

Competitive Scenario:

Key players in the market include Archer Daniels Midland Company, Cargill Inc., Tate & Lyle, Ingredion Incorporated, and Roquette Frères. These companies focus on innovation, partnerships, and expanding their global reach. Recent developments include:

2023: Archer Daniels Midland launched a new line of soluble dietary fibers targeting weight management and gut health.

2024: Cargill Inc. entered into a strategic partnership to enhance dietary fiber applications in functional beverages.

Scope of Work – Global Dietary Fibers Market

Report Metric

Details

Market Size in 2023

USD 7.8 billion

Projected Market Size in 2031

USD 13.4 billion

CAGR (2023-2031)

7.1%

Key Segments

Fiber Type, Source, Application, Region

Growth Drivers

Health Benefits Awareness, Functional Food Demand, Supportive Regulations

Opportunities

Innovation in Applications, Emerging Markets

Key Market Developments:

2023: Ingredion Incorporated introduced a fiber-enriched snack range in North America, aiming to cater to the rising demand for functional snacks.

2025: Tate & Lyle announced an expansion of its production facilities in Asia-Pacific to meet the growing demand for dietary fiber-enriched products.

2026: Roquette Frères developed a novel dietary fiber ingredient with enhanced prebiotic properties for inclusion in beverages.

FAQs:

What is the current market size of the Global Dietary Fibers Market? The market is valued at USD 7.8 billion in 2023.

What is the major growth driver of the Global Dietary Fibers Market? The increasing awareness of dietary fibers’ health benefits and the growing demand for functional foods.

Which is the largest region during the forecast period in the Global Dietary Fibers Market? North America leads the market, while Asia-Pacific is expected to grow at the highest CAGR.

Which segment accounted for the largest market share in the Global Dietary Fibers Market? The Food & Beverages segment dominates the market due to its extensive use of dietary fibers.

Who are the key market players in the Global Dietary Fibers Market? Leading players include Archer Daniels Midland Company, Cargill Inc., Tate & Lyle, Ingredion Incorporated, and Roquette Frères.

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