PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1461452
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1461452
Global dietary fibers market size is expected to reach US$ 13.30 Bn & KT by 2031, from US$ 7.89 Bn & KT in 2024, exhibiting a compound annual growth rate (CAGR) of 7.7% during the forecast period.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2023/2024: | US$ 7.89 Bn & KT |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2023/2024 to 2030/2031 CAGR: | 7.70% | 2030/2031 Value Projection: | US$ 13.30 Bn & KT |
Dietary fibers refer to the portion of plant-derived food that is not digested by human enzymes. They play an important role in promoting digestion, maintaining bowel regularity and improving heart health. In 2023 years, there has been a notable rise in lifestyle diseases such as diabetes, high cholesterol, and obesity. As a result, consumers are increasingly adopting a healthier diet rich in dietary fibers to manage chronic conditions. Growing health consciousness and shifting preferences towards natural ingredients are propelling the demand for dietary fibers globally. The market is expected to witness significant growth in the near future owing to rising awareness about the various functional benefits of fibers. Dietary fibers help to reduce the risk of heart diseases, obesity, diabetes, and some gastrointestinal disorders. Emerging economies represent lucrative opportunities for manufacturers due to improving disposable incomes and lifestyle changes. Advancements in functional food technology along with rising applications in food & beverage industry have further augmented the demand for dietary fibers globally.
Global dietary fibers market is driven by factors such as increasing cases of gastrointestinal disorders, cardiovascular diseases, and obesity. Expanding functional food and beverages industry along with favorable regulatory framework and labeling requirements promoting fiber content are creating new opportunities. However, high production costs and complex extraction processes continue to restrain the market growth. Key market players are launching innovative product formulations containing novel fiber blends to cater to dynamic consumer preferences. There is also a rising demand for gluten-free and plant-based dietary fiber ingredients.