PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1308653
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1308653
According to Stratistics MRC, the Global Apple Fiber Market is accounted for $19.6 million in 2023 and is expected to reach $34.47 million by 2030 growing at a CAGR of 8.4% during the forecast period. Apple pomace, a byproduct of processing apples, is used to make products made of apple fiber. Apple fiber products are created by pressing pectin and flavor out of the apple skin and flesh while extracting the juice. The leftover apple solid is dried and ground into uniform-sized particles. The natural pressing process uses no sulfites, enzymes, double washing, preservatives, or pressing aids. A good source of both soluble and insoluble dietary fibers is apple fiber. Organic apple fiber contains between 35 and 40 percent dietary fiber, which aids the body's digestion.
According to the U.S. Department of Agriculture, a medium-sized apple is a good source of fiber: It contains 4.8 grams of the nutrient. The same apple is also a good source of vitamin C, offering 9.2 milligrams, along with small amounts of other vitamins and minerals.
The global Apple Fiber market expected to drive growth during the forecast period. In order to improve their health, consumers are becoming more and more interested in food products. Dietary fiber, which is abundant in apples, aids in maintaining digestive health, lowering cholesterol levels, and preventing a number of illnesses, including cancer, diabetes, and heart disease. Additionally, apple fiber has a high fiber content and a low calorie count, making it a desirable ingredient for controlling blood sugar levels and weight.
The global Apple Fiber market expected to hinder growth during the forecast period. Numerous consumers are still unaware that apple fiber is an ingredient, despite the fact that dietary fiber's health benefits are becoming more widely known. It may be harder for manufacturers to market products containing apple fiber as a result of this lack of awareness, which could reduce the demand for apple fiber. Moreover, the market for apple fiber may also be constrained by consumers' reluctance to experiment with novel products that include unproven ingredients.
The global Apple Fiber market expected to drive growth during the forecast period. The quality and purity of the ingredient have improved as a result of the development of new methods for extracting apple fiber due to technological advancements. Since the production process is now more effective thanks to the use of cutting-edge machinery, manufacturers can now access apple fiber more easily and affordably. Due to its versatility and eco-friendliness as an ingredient, in line with the growing emphasis on sustainability, these developments have increased the demand for apple fiber, which can now be found in a wider range of food products.
The global Apple Fiber market expected to hamper growth during the forecast period. Apple fiber production calls for expensive, specialized machinery and procedures like grinding and drying. Furthermore, the cost of obtaining and processing apples can be expensive, particularly if they are organic. Apple fiber may be more expensive than other dietary fibers as a result of these expenses, which may restrict its use in some goods. It may be challenging for small-scale manufacturers to enter the market due to the high cost of production.
The COVID-19 pandemic has had a significant effect on the apple fiber market, disrupting the global supply chain and changing the price and availability of apple fiber and other ingredients. Changes in consumer behavior have also had an impact on the demand for apple fiber and other food items. The pandemic has, however, also resulted in a greater emphasis on health and wellness, which has opened up new possibilities for apple fiber as a natural and healthy ingredient. Overall, even though the pandemic presented difficulties, it also offered chances for development and innovation.
The organic apple fiber segment is expected to be the largest share during the forecast period. Apples grown organically without the use of artificial fertilizers, pesticides, or other chemicals are used to make organic apple fiber. The demand for natural and organic food products, as well as growing knowledge of the health and environmental advantages of organic farming methods, are the main drivers of the demand for organic apple fiber. Organic apple fiber is a natural, healthy ingredient that supports the growing emphasis on environmental responsibility and sustainability. Furthermore, organic apple fiber contains no pesticides or lingering chemicals, making it a safer and more appealing ingredient for consumers.
The pharmaceuticals segment is anticipated to witness the fastest CAGR growth during the forecast period. Apple fiber binding abilities and high fiber content make it a popular excipient for tablets and capsules. Since more consumers are aware of the potential health benefits, there is an increasing demand for natural and plant-based ingredients in pharmaceuticals. Additionally, new opportunities should arise as a result of the rising popularity of dietary supplements. However, as more consumers look for natural and eco-friendly alternatives to conventional pharmaceutical products, this growth is anticipated to continue.
The Europe region market is estimated to witness a largest share of the global Apple Fiber market during the forecast period. This can be attributed to the rising demand for natural and organic food items as well as the expanding knowledge of dietary fiber positive effects on health in this region. Major apple producers are also located in Europe, so there is a consistent supply of raw materials for the production of apple fiber. Moreover, Europe is anticipated to continue to dominate the apple fiber market as consumer demand for organic and healthy food products grows.
Asia Pacific is projected to have the highest CAGR over the forecast period, due to rising demand for natural and healthy food and personal care products, driven by factors like rising disposable income, growing interest in health and wellness, and a large population. The region's expanding food and beverage market, especially in nations like China and Japan, is anticipated to boost demand for apple fiber. Moreover, Asia-Pacific offers a sizable market opportunity for producers of apple fiber as more consumers look for eco-friendly alternatives to conventional food and personal care products.
Some of the key players in Apple Fiber market include CFF GmbH & Co. KG, Greenfield, Herbafood Ingredients GmbH, LaBudde Group Inc, Marshall Ingredients, Mayer Brothers, Pestell Minerals & Ingredients Inc., Rejoice Life Ingredients, Unipektin Ingredients and Xi'an DN Biology Co., Ltd.
In June 2021, Greenfield Global Inc., a leading producer of renewable energy solutions and a global leader in the production of high-purity specialty alcohols and solvents, announced today that it has reached an agreement with Central Farm Service (CFS) for the supply of corn to its newly acquired ethanol plant in Winnebago, MN.
In October 2020, Greenfield Global Inc., Canada's largest producer of fuel ethanol, and a global leader in the production high-purity specialty alcohols & solvents, announced today that it will begin producing 100 million litres per year of various grades of high purity alcohols, including USP grade, at its 250 million litre per year ethanol facility in Johnstown, Ontario before the end of 2021.
In October 2020, Greenfield Global Inc., Canada's largest fuel ethanol producer, announced today that it will acquire the 182 million litre per-year Corn Plus ethanol facility in Winnebago, Minnesota.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.