Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.56 Billion | USD 14.04 Billion | 8.82% | 2023 |
According to a report from Zion Market Research, the global Dietary Fibers Market was valued at USD 6.56 Billion in 2023 and is projected to hit USD 14.04 Billion by 2032, with a compound annual growth rate (CAGR) of 8.82% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Dietary Fibers Market industry over the next decade.
Fibers are nonstarch polysaccharides that are present Solublely and may even be produced using Insoluble methods. Dietary fibers are consumable fibers mainly used as supplements. The dietary fibers help in proper digestion and help in eliminate extra cholesterol. This leads to maintaining proper health and weight loss. Dietary fibers are mainly extracted from plants from cereals, grains, fruits, and vegetable categories. However, fibers also can be obtained from animals.
The dietary fibers market is primarily driven by growing awareness of the healthy lifestyle and thus, in turn, has resulted in higher consumption of fiber supplements. Moreover, an increase in the aging population spur the dietary fibers market. Changing lifestyles including escalating dual and discretional income stimulates the expansion of this market. However, various regulations led by the governing bodies influence the entry of manufacturers into this market.
Nevertheless, increasing incidences of varied diseases caused thanks to the hectic lifestyle and unhealthy habits are predicted to force people to show towards healthy supplements, this is often likely to open new growth avenues for the dietary fibers within the market within the near future. Also, a strong rise in demand for dietary fibers from developing economies may positively impact the expansion of the market within the forecast period.
Rising product demand due to the increasing consumer awareness about the intake of a healthy diet and leading a lively lifestyle is foretold to drive the market growth over the upcoming years. Growing health consciousness thanks to increased cases of heart conditions, cancer, and diabetes has resulted in consumers favoring fiber-based food products with added health benefits. this is often also estimated to fuel market growth. As per the research conducted by the National Institutes of Health, over 60 to 70 million Americans suffer from distinguished digestive health problems. Furthermore, as per the Harvard School of Public Health, adults and youngsters require a minimum of 20 to 30 grams of dietary fiber per day. Also, the consumption of dietary fibers lowers the danger of developing various health diseases, like diabetes, heart & diverticular disease, and constipation.
Report Attributes | Report Details |
---|---|
Report Name | Dietary Fibers Market |
Market Size in 2023 | USD 6.56 Billion |
Market Forecast in 2032 | USD 14.04 Billion |
Growth Rate | CAGR of 8.82% |
Number of Pages | 170 |
Key Companies Covered | Lonza Group, SAS Nexira, Archer Daniels Midland Co., Ingredion, DuPont, Roquette Freres, Tate & Lyle, Cargill Inc, SunOpta, Grain Processing Corporation, KFSU Ltd, and Grain Millers Inc among other |
Segments Covered | By Source, By Type, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Based on the source, the dietary fibers market is often segmented as fruits and vegetables, cereals, and grains among others. Cereals and grains are the main segments of the dietary fibers market due to their easy availability. There are majorly two sorts of dietary fibers soluble and insoluble dietary fibers. Soluble fibers like pectin, inulin, beta-glucan, polydextrose, etc are mainly utilized in lowering cholesterol and in weight loss. a number of insoluble dietary fibers include lignin, cellulose, chitosan, hemicelluloses, chitin, etc.
Soluble dietary fibers led the market in 2020 and accounted for quite a 55% share of the worldwide volume. Soluble dietary fibers for both animal and human consumption are sourced from fruits & vegetables, nuts & seeds, and cereals & whole grains. Fibers, like fructooligosaccharide and inulin, obtained from vegetables, aid in regulating the function of the intestines; whereas pectin, obtained from fruits, like pears and apples, improves acid reflux problems and promotes gut health. Insoluble dietary fibers are predictable to witness the wildest growth over the forecast period owing to the increasing consumption of functional foods, shifting diet patterns of consumers, and rising health consciousness among consumers.
A variety of applications for dietary fibers includes functional food, pharmaceuticals, animal food, and other applications. Functional food is the leading segment due to the high use of dietary fibers as a functional food in obesity, diabetics, and other people affected by high cholesterol. Pharmaceuticals may emerge because of the potential segment of the dietary fibers market due to the high use of fibers during the manufacturing of varied drugs.
North America and Europe are considered to be the foremost prominent markets for dietary fibers. this is often mainly attributed to the rapidly growing consumption rate of dietary fibers in the diet and pharmaceutical industry. The aging population in the U.S assists the dietary fibers market growth in this region. The Asia Pacific is witnessing an unprecedented boom in recent times and is probably going to take care of its pace owing to the rise in spending capacity over functional food. Latin America exhibits decent growth within the forecast period due to an aging population in Brazil. the center East and Africa is anticipated to experience sustainable growth within the coming years due to rapidly changing lifestyles and the availability of raw resources.
Some of the key players in the Dietary Fibers market are:
among other are some of the key profiles in dietary fibers market.
FrequentlyAsked Questions
The global Dietary Fibers market was valued at USD 6.56 Billion in 2023.
The global Dietary Fibers market is expected to reach USD 14.04 Billion by 2032, with a CAGR of around 8.82% between 2024-2032.
Some of the key factors driving the global Dietary Fibers market growth are increasing health consciousness due to rising cases of heart diseases, cancer, and diabetes has resulted in consumers preferring fiber-based food products with added health benefits.
Asia-Pacific was the biggest area for Dietary Fibers market in 2023 and is likely to sustain its position in the years to come.
Some of the major companies operating in Dietary Fibers market are Lonza Group, SAS Nexira, Archer Daniels Midland Co., Ingredion, DuPont, Roquette Freres, Tate & Lyle, Cargill Inc, SunOpta, Grain Processing Corporation, KFSU Ltd, and Grain Millers Inc among other are some of the key profiles in dietary fibers market.
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