Industry Outlook

Dietary Fibers market is projected to reach US$ 11.35 Bn by 2029 with 11.1% CAGR during the forecast period from 2021 to 2029. In 2020, North America held the largest value and volume share in the global dietary fibers market and Asia Pacific is projected to be the fastest growing region between 2021 and 2029.

Dietary Fibers is basically defined as the portion of plant derived food which cannot be broken down by digestive enzymes. This food basically passes into large intestine where it is fully or partially fermented.

Growing consumer awareness related to health benefits of dietary fibers is basically driving the global dietary fibers market. Consumers are shifting their preferences towards healthy supplements owing to their hectic schedule and unhealthy diet. Dietary fibers aim to reduce heart diseases and risk of diabetes by lowering cholesterol and blood sugar level. In addition, it also aids in weight management and movement of waste inside the body. It also helps to prevent colon cancer, diarrhea and hypertension. Increased incidence of stomach related ailments owing to growing demand for ready to eat food is expected to increase the demand for dietary fibers. Key manufacturers are also focusing on increasing the nutritional value and enhancing the digestive system with the launch of new dietary fibers. In addition, increasing focus on efficient utilization of waste products such as peanut skin and hulls to create dietary fibers is also expected to propel the demand for this market during the forecast period from 2021 to 2029. Various Governments initiatives to promote the consumption of dietary fibers is also expected to drive the market growth. For example, the U.K. government published guidelines recommending the consumers to increase consumption of fibers to 30gm per day for adults and 25gm per day for consumers below 18 years. Trend shows that there has been increase in demand for bakery products which contains various natural ingredients such as whole grains and dietary fibers. The daily intake recommendations for dietary fibers products consumption, which help to maintain blood sugar levels, reduce obesity and enable the consumers to efficiently manage energy levels, is expected to benefit the bakery industry. Dietary Fibers in bakery products and bread also aims to improve human digestion and regulate intestinal flora. All these factors are expected to increase the demand for bakery products which in turn is expected to augment the demand for dietary fibers in the near future. Growing demand for cereal bars among athletes, sportspersons and young adults is also expected to surge the demand. Healthy snacks are important for the athletes and they are required to have meals throughout the day. Cereal bars are rich in fibers and aims to enhance digestive health, appetite suppression and also aids in weight management. These are also fortified with minerals, omega 3 and vitamins with an objective to provide additional health benefits. With an objective to obtain energy for exercise, consumers prefer cereal bars before working out in the gym. For example, Multipower, a sports nutrition company deals with various cereal bars that are suitable for consumption before, after and during workout. Owing to portability and long shelf life these are also used as a wartime food in army regiments. However, product testing and approval is a lengthy and costly process owing to the various regulations by FDA prevailing in the market. This in turn is expected to restrain the market during the forecast period from 2021 to 2029.

"Insoluble Segment is the Largest Segment by Product Type in The Global Dietary Fibers Market"

Increasing application of Fibers/bran in the confectionary and bakery industry required for fortification with an objective to enhance the nutritional value of various food items that includes tortillas, breads, pastas, weight management supplements and nutritional bars among others is expected to propel the demand for this segment during the forecast period. Key manufacturers in the insoluble dietary fibers market are focusing on offering cellulose for various industrial applications that includes feed, food and pharmaceuticals among others. In addition, the availability of cereals and grains as a raw material in insoluble dietary fibers is high compared to other sources which in turn is also expected to drive the market demand. Increasing application of insoluble dietary fibers in citrus fruits is another factor propelling the growth of this segment. Insoluble dietary fibers also find application as natural antioxidant, bulking agents in various reduced-sugar applications, a tool for incorporating texture and also as an effective moisture manger in fat replacing. Change in western influence, rise in disposable income, change in lifestyles is expected to augment the demand for health food products. Technical difficulties related to stability and reactivity of the product is one of the major challenges faced by the manufacturers using dietary fibers. In addition, insoluble dietary fibers also show adverse effects on human body that includes bloating, cramping and abdominal effects. For example, Ingredion Incorporated, based in the U.S, launched VERSAFIBE™ 1490 and 2470 insoluble dietary fibers. These new products aim to reduce carbohydrates and calories in various low moisture applications that includes crackers, pastas, breads, cookies and noodles among others. Soluble dietary fibers are expected to grow at a fastest rate owing to its extensive application as a food additive to increase flavor. It also acts as a sugar and fat replacer in various food applications.

"Functional Food and Beverages Application Segment Driving the Growth of Dietary Fibers Market"

Growing consumer awareness related to nutritional and healthy food products has resulted in shift of consumer preference towards these products thereby driving the market growth. Increasing demand for fibers supplements is another factor propelling the demand for this segment. Increasing prevalence of various lifestyle diseases followed by aging population and increasing healthcare costs are also responsible for the growth of this market during the forecast period from 2021 to 2029.Hence consumers are shifting towards dietary supplements with an objective to stay fit and healthy thereby fulfilling the nutritional requirements. This in turn is expected to spur the demand for various dietary fibers supplements that are rich in minerals and vitamins. All these factors are expected to drive the demand for this segment in the global dietary fibers market. Pharmaceuticals segment is expected to grow at a fastest rate owing to the growing adoption of dietary fibers in this industry.

"Cereals and Grains Segment is the Largest Segment by Source in The Global Dietary Fibers Market"

Rye and triticale are the majorly consumed cereals owing to its high dietary Fibers content. Rye mainly finds application in porridge and bread whereas triticale mainly finds application in animal feed. Growing demand for these cereals in Europe is expected to drive the overall market. Increasing application of insoluble dietary fibers is driving this segment. Wide product availability compared to other sources is another factor bolstering the market growth. Cost effectiveness owing to high production followed by various health offerings such as reduction of heart diseases and type 2 diabetes is also expected to boost the market demand. Fruits and vegetable is expected to register high growth owing to the various initiatives by the government to reduce the consumption of synthetic vegetables and fruits. Hence the various properties of dietary fibers for cereals and grains followed by various health benefits associated with it compared to processed food is basically expected to augment the growth of this segment in the global dietary Fibers market.

"North America is the Largest Region in the Global Dietary Fibers Market"

Globally, in 2020, North America accounted for the largest share of dietary Fibers market. U.S and Canada are the key countries in the North America dietary Fibers market. Rising consumer inclination towards fortified food products followed by increasing penetration of dietary fibers in retail food industry is expected to drive the market in this region. Prevalence of various lifestyle diseases mainly due to unhealthy diet is also expected to surge the demand for Fibers products in North America region which in turn is expected to drive the market growth. Europe followed North America in the global dietary Fibers market. Asia Pacific is expected to grow at a rapid rate during the forecast period from 2021 to 2029.

"New Product development is one of the Key Strategies Adopted by the Manufacturers"

Key players operating in the global dietary fibers market includes Ingredion Incorporated, Lonza Group AG, Kerry Group plc, Roquette Frères S.A., Archer Daniels Midland Company, Cargill, Inc., Nexira SAS, E.I. Dupont De Nemours and Company, and Grain Processing Corporation, Tate and Lyle Plc. among others. For example, in April,2020, Ingedion Incorporated, based in the U.S, launched NOVELOSE™ dietary Fibers series. This new product development was aimed at Fibers fortification. In addition, it also helps in calorie reduction in pastas, baked goods and noodles among others with minimum impact on product flavor, texture and color.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Dietary Fibers market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Dietary Fibers market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Dietary Fibers market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Dietary Fibers market?
• Which is the largest regional market for Dietary Fibers market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Dietary Fibers market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Dietary Fibers market worldwide?