According to a research report “Dietary Fibers Market by Source (Fruits and Vegetables, Cereals & Grains, Legumes, Nuts and Seeds), Type (Soluble, Insoluble), Application (Functional Food & Beverages, Pharmaceuticals, Feed, Nutrition, Other Application) and Region – Global Forecast to 2027″ published by MarketsandMarkets, the global dietary fiber market is estimated at USD 6.8 billion in 2022 and It is expected to grow USD 12.3 billion by 2027, recording a CAGR of 12.6% during the forecast period. Increasing geriatric population, demand for fiber-rich food products among consumers across the globe and increasing importance towards health and wellness are some of the driving factors responsible for increase dietary fibers market growth in the upcoming years.
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Browse in-depth TOC on “Dietary Fibers Market”
367 Market Data Tables
48 Figures
333 Pages
The cereals & grains segment dominated the market by source, with the largest market share in the dietary fiber market during the forecast period.
Grains such as soy, wheat, oats, rice, and barley are rich sources of dietary fiber. Dietary fibers are an integral part of a balanced diet. Grains such as soy, wheat, oats, rice, and barley are rich sources of dietary fiber. Dietary fibers are an integral part of a balanced diet. Research suggests that whole grain products help to reduce the risk of non-communicable diseases (NCDs), such as cardiovascular disease, cancer, gastrointestinal disorders, and type 2 diabetes, due to their high dietary fiber content. According to a meta-analysis combining findings from studies conducted in the United States, the United Kingdom, and Scandinavian countries (which included health information from over 786,000 individuals), people who consumed 70 grams/day of whole grains had a 22% lower risk of total mortality, a 23% lower risk of cardiovascular disease mortality, and a 20% lower risk of cancer mortality. Due to an increase in health awareness among consumers, the use of whole grains and cereals has increased in food and beverage sources such as bakeries, pizza, tortillas, and pancakes.
The Functional food and Beverage’s segment dominated the market by application, with the largest market share in the Dietary Fiber market during the forecast period.
Based on applications, the dietary fiber
ingredients are always being improved to give recipes an improved taste and texture that are then modified to blend with the various functional foods readily. Dietary fibers can therefore be attributed to a variety of functional properties that are added to the food. As a result, the addition of fibers helps to modify and improve the texture, sensorial properties, and shelf life of foods due to the properties such as water binding, gel formation, fat mimicking, anti-sticking, anticlumping, texturizing, and thickening.
Asia Pacific is poised to be the fastest-growing market for dietary fibers, at a CAGR of 13.5%, in terms of value.
Growing customer interest in healthy and functional food and beverages is one factor anticipated to contribute to the market expansion in this region. A fast-paced lifestyle has boosted the need for ready-to-eat products, which has facilitated the introduction of fiber-rich snack foods aimed specifically at health-conscious consumers by manufacturers. The demand for fruits, leafy vegetables, cereals, legumes, and nuts has increased due to the region’s rising vegan population, which has fueled market expansion in this region. According to research by NewNutrition Business 2020, 13% of consumers in the region identified themselves as vegans. Additionally, it is estimated that favorable trends in the Asia-Pacific food and beverage industry will boost demand for dietary fibers throughout the forecast years.
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Key Market Players
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).
Recent Developments
In April 2021, Ingredion Incorporated acquired Germany-based KaTech, which provides advanced texture and stabilization solutions to the food and beverage industries. This acquisition expands Ingredion’s Food Systems platform with a comprehensive suite of innovative solutions that assist food and beverage manufacturers with product formulation, ingredient functionality, and technical assistance.
In March 2020, BENEO constructed its chicory root fiber manufacturing unit in Chile. This expansion will help BENNEO solidify its global dietary fibers market position.
In September 2019, Tate & Lyle opened a new Customer Innovation and Collaboration Center in Santiago, Chile. The new center includes application and rapid prototyping capabilities, which will allow Tate & Lyle’s food scientists to collaborate with customers in the region to address the growing demand for solutions that help reduce sugar, fat, and calories and add fiber to consumer products.
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Original Source of the original story >> Dietary Fibers Market size to Gain $12.3 billion by 2027
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