PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1235869
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1235869
According to Stratistics MRC, the Global Dietary Fibers Market is accounted for $6.8 billion in 2022 and is expected to reach $15.4 billion by 2028 growing at a CAGR of 14.6% during the forecast period. Dietary fibres are isolated from various sources using a variety of techniques, including wet processing, dry processing, chemical, gravimetric, physical, enzymatic, and microbiological procedures. The aforementioned techniques alone or in combination can produce the desired effects. The effects of various treatment techniques on the composition of dietary fibres are variable. Demand is expected to be driven by improvements in the production process and the enormous potential for dietary fibres to be employed in a variety of food products.
According to WHO, Chronic disease prevalence was expected to rise 57% by the year 2020. According to the Harvard School of Public Health, adults and children need at least 20-30 grams of dietary fiber per day.
Functional fibres are "isolated, non-digestible carbohydrates that have favourable physiological benefits in humans," according to IOM. It has been noted that many supplements contain both dietary and functional fibres as a result. The dietary supplement industry has expanded greatly during the last few years. The global consumer population's rising health consciousness and sensitivity to nutrient-rich products have been some of the key drivers boosting the expansion of the dietary supplement market.
Food fibres cannot be digested by humans because their digestive systems lack the necessary enzymes. Dietary fibres, specifically, are resistant to hydrolysis. Dietary fibres cannot be used as a source of energy since they pass through the body nearly undigested. These characteristics of fibres are advantageous for the physiological functions they perform. When dietary fibres are utilised as components, a barrier is created despite the same saturated water stability and least reactivity. This attribute may prompt producers to add dietary fibres to their products, which is anticipated to impede the market's expansion.
Snacks are one of the most often consumed food groups. A broad variety of products with diverse functional components are available, but it has been seen that customers choose wholesome snacks that offer both nutrition and practical advantages. As a result, the market for dietary fibres is anticipated to benefit greatly from this area over the coming years. Additionally, it has been noted that dairy goods like yoghurt and cheese, as well as products made from flour, have been well received by health-conscious consumers all over the world.
Depending on local laws, the definition of dietary fibres varies from one country to the next. In the United States, substances that can be fermented in the colon are regarded as dietary fibre, whereas in the United Kingdom, dietary fibre is characterised by chemical characteristics and digestibility. Dietary fibre is defined in France in a way that is consistent with codex. It takes into account the physiological features of carbohydrates as well as their composition and polymerization. For foreign food and ingredient producers looking to sell and market their goods on a worldwide scale, this could be a hurdle.
The beginning of the worldwide pandemic has been a huge source of worry since it has been able to successfully disrupt the operation of the global market. The COVID-19 pandemic's introduction has had a marginal effect on the market for dietary fibres. The most common uses of dietary fibres are in dietary supplements, followed by medications and other goods like animal feed. Products from the global dietary fibre market that contain dietary fibres are also utilised to increase muscle mass and boost immunity in people. The market has experienced significant demand for dietary fibre products as a result of this developing market aspect.
The soluble segment is estimated to have a lucrative growth. Effective sources of soluble type include foods including fruits, nuts, vegetables, cereals, whole grains, and seeds. These foods can be eaten by both humans and animals. While fibres like inulin and fructooligosaccharide (FOS) found in vegetables help to regulate bowel function, pectin, which is found in fruits like pears and apples, helps to treat acid reflux and improve gut health. In many different foods and beverages, including baked products, frozen dairy desserts, and confectionery items, the soluble dietary fibres are frequently utilised as a flavour-enhancing component. They are also frequently employed as a fat and sugar replacement in a variety of food applications.
The food & beverages segment is anticipated to witness the fastest CAGR growth during the forecast period, due to growing consumer knowledge of the value of dietary fibre in every day meals. The amazing expansion of the functional food business as a result of an increase in per capita income, which has increased consumer buying power, is another factor contributing to the application segment's dominance.
Asia Pacific is projected to hold the largest market share during the forecast period. Promising trends in the Asia Pacific food and beverage industry are expected to increase product demand throughout the forecasted period. Rising consumer health consciousness and the growth of fitness facilities in India are expected to drive the market over the next years. The National Food Security Act, which the Indian government adopted, was also essential in changing dietary practises. It is projected that increased consumer spending power will increase demand for wholesome, practical meals that are high in fibre.
North America is projected to have the highest CAGR over the forecast period; owing to consumer awareness of the components in packaged food products has led to a significant evolution in the region's nutritional care industry. Consuming dietary fibres is now extremely important due to the new popular diets and lifestyles being practised by people in North America. Demand for dietary fibres in the United States is anticipated to be driven by the accessibility of grains and cereals such oats, whole wheat, rye, corn, popcorn, barley, brown rice, wild rice, buckwheat, triticale, bulgur, and millet. In addition, intake of fruits and vegetables is anticipated to positively affect the growth of the U.S. market for dietary fibres due to growing worries about a number of health conditions, including as obesity, high cholesterol, and cancer.
Some of the key players profiled in the Dietary Fibers Market include: DuPont de Nemours, Inc., Tate & Lyle, BENEO, Farbest Brands, Lonza, J. RETTENMAIER & SOHNE GmbH + Co KG, Batory Foods, Archer Daniels Midland Company (ADM), Cargill, Incorporated, Ingredion Incorporated, AGT Food and Ingredients, Emsland Group, Roquette Freres, The Green Labs LLC, Kerry Inc., PURIS, Taiyo International and Nexira.
In September 2020, Batory Foods agreed with Bio Harvest Sciences Inc., a patent-protected and proprietary Bio farming technology developer. The agreement was signed exclusively to enter the US Edible CBD Market and US Nutraceuticals Market to strategically diversify Batory Foods' product portfolio strategically
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.