Dietary Fibers Market Size, Share, Key Highlights, Leading Players, and Revenue Forecast – 2027
The global dietary fibers market is estimated at USD 6.8 billion in 2022. It is projected to reach USD 12.3 billion by 2027, recording a CAGR of 12.6% during the forecast period. The increasing elderly population across the globe, coupled with a rise in the consumption of fortified food products, has driven the dietary fiber market. Dietary fibers can enhance the structure and taste of food; therefore, they are used as one of the most prominent food additives.
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Key Highlights the Dietary Fibers Market
The dietary fibers market is experiencing significant growth and transformation, driven by several key factors:
1. Growing Health Awareness: Increasing awareness of the health benefits of dietary fibers, such as improved digestion and weight management, has fueled consumer demand.
2. Rise in Chronic Health Conditions: The prevalence of chronic health conditions like obesity, diabetes, and heart disease has driven the adoption of fiber-rich diets, propelling market growth.
3. Functional Food Trends: The incorporation of dietary fibers in functional foods and beverages is on the rise, leading to new product developments and market expansion.
4. Regulatory Support: Government regulations promoting the use of dietary fibers in food products have created a favorable environment for market growth.
5. Clean Label and Natural Ingredients: Consumers are increasingly seeking clean-label products with natural ingredients, boosting the demand for dietary fiber-rich foods.
Increasing demand for nut-based superfoods
Superfoods such as almonds, peanuts, cashews, chia, and flaxseeds are considered wholesome and superfoods. Flaxseeds have around 27 g of fiber per 100 g of serving. Peanuts are known to lower the risk of heart disease and diabetes. On the other hand, almonds aid in relieving constipation and various skin conditions, such as acne and eczema. Furthermore, almonds can cure gastroenteritis, renal aches, diabetes, face neuralgia, head lice, and gastric ulcers. Therefore, these superfoods are always in high demand for consumers around the world, which has led manufacturers to introduce products enriched with these superfoods, which in turn is anticipated to increase dietary fiber market growth in the upcoming years.
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Growing awareness regarding nutrition-rich animal-feed products
Conventionally, dietary fiber has been considered antinutritional because of its side effects on feed consumption and nutrient digestibility. Soluble fibers such as pectin from sugar beets, beta-glucan from oats and barley, and arabinoxylan from rye and wheat can improve viscosity and mitigate the passage rate in young poultry and pigs. The fiber-rich raw materials for pet food and feed are easily available at low costs. The key objective of revitalizing pet food with dietary fiber is to enrich it with prebiotics that support the growth of good bacteria in the intestine. It also helps maintain healthy digestive and immune systems in animals. Hence, incorporating dietary fiber to help enhance gut and animal performance is expected to drive its application in animal nutrition.
Asia Pacific is poised to be the fastest-growing market for dietary fibers, at a CAGR of 13.5% in terms of value.
Increasing young populations across the region, coupled with government instructions to include fiber-rich foods in daily diets and growing per-capita income, are some of the factors responsible for Asia-Pacific dietary fiber market growth. Furthermore, fast-paced lifestyles have led consumers to opt for ready-to-eat products, which in turn has helped manufacturers introduce fiber-rich snacking products specifically for health-conscious consumers. In addition to this, Indian and Chinese governments are promoting the health benefits associated with the consumption of dietary fibers, which is predicted to generate potential opportunities for dietary fiber manufacturers across the globe.
Key players in this market include Beneo (Germany), ADM (US), Tereos (France), Cargill (US), Dupont (US), Roquette Frères (France), Ingredion Incorporated (US), Kerry Group PLC (Ireland), The Green Labs LLC (US), Nexira (France), Tate & Lyle (UK), Nutri Pea Ltd (Canada), Herbafood Ingredients GmbH (Germany), Scoular (US), and Baolingbao Biology Co Ltd. (China).
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