PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1262677
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1262677
Global Dietary Fibers Market is slated to expand exceptionally through 2032 owing to the increasing demand for dietary supplements credited to the accelerating consumer inclination toward a healthy lifestyle as well as novel product developments.
The consumption of dietary fibers improves intestinal health and helps regulate blood sugar and cholesterol levels. The increased cognizance about the benefits of these products, in line with the changing customer perception that dietary goods are more suited to their dietary requirements than a conventional diet will stimulate industry revenue streams. Besides, the increasing product penetration in the dietary supplement market due to growing consumer attention on maintaining fitness and healthy body weight will further drive the product demand through 2032.
For example, to help with weight control and enhance digestion, both professional athletes and fitness enthusiasts, have increased their intake of food products fortified with fiber. Market players are actively collaborating with overseas companies to expand their reach in the industry. For instance, in July 2021, Kerry Group announced the acquisition of Natreon, Inc. to diversify its product line in the functional food and beverages segment and cutting-edge supplement formulation. Thus, creating optimistic scenarios for the dietary fibers market.
The dietary fibers market has been classified in terms of type, source, application, and region.
Based on type, the insoluble dietary fibers segment is anticipated to grow at over 11.5% CAGR from 2023 to 2032. A noticeable surge in the prevalence of lifestyle diseases, such as diabetes, high cholesterol, and obesity globally, is expected to foster segmental growth. Additionally, the increased adoption of a healthy lifestyle coupled with the escalating regulatory approvals backed by the increasing R&D initiatives and improving technological landscape will accelerate business growth.
With respect to source, the fruits & vegetable segment is poised to attain high gains over the review timeline credited to the technological breakthroughs that enable the use of fruit and vegetable waste to produce dietary fiber.
In terms of application, the beverages segment is speculated to record a sizeable valuation by the end of the research years, attributed to the increased consumer interest in healthy eating and drinking across the globe and the increasing utilization of dietary fibers in the beverage sector. It is possible to increase the bioactivity and utilization of additives in beverages, including dietary fiber. Drinks with dietary fibers significantly added as functional ingredients have higher nutritional value and lower sugar content.
From the regional perspective, the Asia Pacific dietary fibers market is estimated to grow at 12% CAGR from 2023 to 2032, driven by rising consumer preference for healthy lifestyles, as well as government campaigns focusing on the intake of a nutritionally balanced diet.