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At 10% CAGR Dietary Fibers Market to witness USD 10.5 billion by 2025

Author : Rahul Sankrityayan | Published Date : 2019-05-22 

Global Market Insights, Inc. has recently added a report on Dietary Fibers Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

Strong outlook with versatile applications including breakfast cereals, bakery, dairy, infant food, meat, beverages, pharmaceutical, companion animal nutrition etc. are among major factors driving the dietary fibers market growth. Increasing product adoption by people suffering from diverticulitis, gastroesophageal reflux disease, and hemorrhoids will positively influence the industry share. Beneficial properties such as moisture retention and heat resistance will support the use of dietary fibers in dairy & confectionery industry.

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The exponential growth of dietary fibers market has been a subject of pursuit since for a while now, given the increasing consumer inclination toward fiber fortified food consumption. Over the past two decades, dietary fibers have been well studied at a global scale with enough evidence on its health benefits. This, in consequence, has led the way for food scientists to explore its application in a variety of food items through efficient utilization of these fibers from both conventional as well as offbeat sources including the likes of agro-food processed byproducts. Meanwhile, advanced processing technologies like enzymatic conversion, micronization, and dry fractionation, are opening up new opportunities for dietary fibers industry giants to advance its utilization in functional food development. In fact, experts claim, consumption of adequate amount of dietary fibers reduces the chances of occurrence of a plethora of chronic diseases such as appendicitis, hiatus hernia, coronary heart diseases, constipation, and gallstones.

Increasing consumer expenditure on healthy food habits coupled with shifting focus toward preventive health measures will be key factors influencing market dynamics. Rising awareness regarding the health benefits of dietary fibers along with growing instances of lifestyle diseases among the geriatric population will further support the industry expansion. Additionally, functional properties exhibited by the dietary fibers such as efficient water binding, stabilizing, thickening, and gelling will bolster the product adoption in baking and infant food applications.

Insoluble dietary fibers market will witness CAGR at over 9.5% in terms of revenue up to 2025. Increasing usage of the product in manufacturing of high fiber content in bakery goods and dairy, meat, companion animal nutrition products etc. will propel the overall segment growth. Shifting consumer preference towards food products enriched with dietary fiber, essential fatty acids, and a significant number of vitamins, dietary minerals, starch, and protein will boost the product demand. Growing trend of utilizing probiotic and high insoluble dietary fiber content beverage for promoting gut health amongst consumers will fuel product demand.

Fruits & vegetables segment accounted for over 35% of the industry share in 2018. Citrus fruits and berries are rich in soluble fibers and provide other beneficial ingredients such as low-molecular carbohydrates, aroma compounds, and fruit acids, which have augmented their usage. In addition, technological advancements enabling the utilization of fruits & vegetable waste to derive dietary fiber will increase their adoption as a source over the forecast timeline.

Food applications dominate the global dietary fibers market and was valued over USD 1.5 billion in 2018. Dietary fibers in food products can mitigate the risks of diseases such as irritable bowel syndrome, colon cancer and other gastrointestinal illness. Growing health awareness among the young and geriatric population coupled with favorable initiatives by government agencies such as dietary & nutrition guidelines will positively impact the market expansion. Additionally, scientific evidence confirming the strong correlation between dietary fiber intake and cardiovascular diseases has supplemented product penetration in the segment

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North America dietary fibers market accounted over USD 300 million in 2018. Surging health issues such as digestive problems, diabetes, obesity, and high cholesterol due to the escalating consumption of convenience and processed food will drive the overall market growth across the region. Key features including incorporation of texture in several food items along with effective moisture management in the fat replacement such as natural antioxidant provide a strong business outlook in the region.

Archer Daniels Midland Company, Cargill, Lonza, Nexira, Ingredion Incorporated, DuPont, Roquette, Procter & Gamble, Ceamsa, SunOpta, J. Rettenmaier & Söhne, Interfiber Sp. z o.o., Solvaira Specialties Inc. Grain Processing Corporation are among major Dietary Fibers manufacturers. Global industry share is highly consolidated owing to the presence of medium & large multinational players. The  manufacturers are involved in new product launches, technological innovation, production capacity expansions and mergers & acquisitions to gain competitive share. For instance, in September 2016, Ceamsa announced to invest USD 11.44 million for the expansion of three production lines in Spain to cater the growing demand for the pectin and citrus fiber in the European market.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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