Global Dietary Fibers Market to Reach 6,040 million in 2023, Fueled by Rising Health Awareness and Demand for Fiber Fortification.
NEWARK, Del, Oct. 20, 2023 (GLOBE NEWSWIRE) — The dietary fibre market is expected to reach a valuation of US$ 6,040 million in 2023, with an estimated 6.7% CAGR, surging to US$ 11,543 million by 2033. The increasing popularity of plant-based diets has driven a greater emphasis on fiber-rich sources, such as psyllium, flaxseed, and chia, renowned for their wide-ranging health advantages.
An emerging trend in this sector is the creation of fibre blends with complementary functional components, such as probiotics, prebiotics, and antioxidants, which is an innovative approach gaining momentum. This offers enhanced health advantages and can cater to specific consumer needs.
Consumers are becoming more ingredient-conscious, driving the demand for clean-label products. Fiber-rich foods with minimal processing and recognizable components are increasingly preferred. Eco-conscious consumers are pushing the market towards more sustainable and environmentally friendly production processes and packaging, opening doors for innovations in eco-fibre sourcing.
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Tailoring dietary fibre to suit individual dietary requirements and health goals through advanced technology and data analysis is emerging as a niche opportunity. As government regulations on nutrition and health labeling evolve, opportunities for compliant products and market growth are emerging.
Key Takeaways from the Dietary Fibre Market Study
- The dietary fibre market is led by the United States, projecting a 4.9% CAGR until 2033.
- The market in Germany is poised to experience a 3.3% CAGR by 2033.
- China to emerge as an opportunistic investment hub, anticipated to surge at a 6.4% CAGR by 2033.
- Soluble dietary fibre is set to accumulate market share of 63.4% in 2023.
- Based on source, grains-based dietary fibre to account for a 29.7% revenue share 2023.
“The dietary fibre market continues to grow, driven by rising health awareness. Key players’ innovations and sustainable practices ensure a promising outlook for this sector,” says Nandini Roy Choudhury ( client Partner for Food and Beverages at Future Market Insights, Inc.)
How are vital players revolutionizing the Dietary Fibre market?
Key players in the dietary fibre market are driving a revolution by embracing innovation and catering to the evolving health-conscious consumer demands. They introduce various novel dietary fibre sources, including chicory root, resistant starch, and inulin to diversify their product portfolios. These innovations enhance nutritional value and improve taste and texture, making healthy food more appealing.
Key players are investing heavily in research and development to understand the health benefits of dietary fibre better, thereby providing more effective solutions for weight management, digestive health, and blood sugar control. They are also focusing on sustainability, adopting eco-friendly production processes and packaging to meet the demands of environmentally conscious consumers.
Partnerships and acquisitions are driving consolidation in the market, allowing key players to expand their global reach and offer a broader range of fiber-rich products. In an era where health and sustainability are paramount, these industry leaders are at the forefront, shaping the future of the dietary fibre market.
Key Companies Profiled
- Cargill Incorporated
- Ingredion Incorporated
- Roquette Frères
- Emsland Group
- Kerry Inc.
- The Green Labs LLC
- Tate & Lyle
- Farbest Brands
- Taiyo International
- AGT Food and Ingredients
- Batory Foods
- BENEO, a global leader in functional ingredients, offers innovative solutions for food and nutrition. Their portfolio includes chicory root fibers, rice ingredients, and sugar alternatives, promoting health and taste in food products.
- ADM, a powerhouse in agricultural processing, delivers a vast array of food and feed ingredients. Their comprehensive portfolio encompasses oils, starches, and proteins, providing sustainable solutions for a thriving food industry.
- Cargill, a trusted name in agriculture and food production, offers a diverse product range. Their portfolio features everything from cocoa and sweeteners to animal nutrition, ensuring the world’s growing population is nourished sustainably.
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More Insights Available
Future Market Insights offers an unbiased analysis of the dietary fibre market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the dietary fibre market, the report is segmented on the basis of type (soluble and insoluble), source (cereals & grains, fruits & vegetables, and other crops), and application (functional food & beverages, animal feed, pet food and pharmaceuticals), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).
Segmentation Analysis of the Dietary Fibre Market
- Dietary Fibres
- Resistant Starch
- Cereals & Grains
- Fruits & Vegetables
- Other Crops
- Functional Food & Beverages
- Animal Feed
- Pet Food
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa
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Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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The food and beverage team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
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