PUBLISHER: The Business Research Company | PRODUCT CODE: 1425392
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425392
Dietary Fibers Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on dietary fibers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for dietary fibers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The dietary fibers market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Dietary fibers constitute a class of plant compounds that resist complete digestion in the human stomach. They are utilized to add bulk to the diet and contribute to weight control.
The primary types of products in dietary fibers are soluble dietary fibers and insoluble dietary fibers. Soluble dietary fibers are those that dissolve in water and include plant pectin and gums. These fibers are derived from various raw materials such as fruits and vegetables, cereals and grains, legumes, nuts, and seeds. Dietary fibers find applications in diverse industries, including food and beverage, pharmaceuticals, animal feed, and others.
The dietary fibers market research report is one of a series of new reports from The Business Research Company that provides dietary fibers market statistics, including dietary fibers industry global market size, regional shares, competitors with a dietary fibers market share, detailed dietary fibers market segments, market trends and opportunities, and any further data you may need to thrive in the dietary fibers industry. This dietary fibers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The dietary fibers market size has grown rapidly in recent years. It will grow from $9.05 billion in 2023 to $10.05 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth observed in the historical period can be attributed to factors such as the perceived functional health benefits of products, a growing demand for weight management solutions, changes in food labeling and regulations, shifts in dietary preferences, and innovations within the food industry.
The dietary fibers market size is expected to see rapid growth in the next few years. It will grow to $15.71 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The anticipated growth in the forecast period can be attributed to the increasing awareness of digestive health, regulatory emphasis on labeling and health claims, a continued shift in dietary preferences, and the growing demand for natural and organic foods. Major trends in the forecast period encompass government health campaigns and regulations, the rise of functional beverages and snacks, innovative digestive health products, the increasing popularity of plant-based and vegan diets, and the adherence to the clean label movement.
The dietary fiber market is expected to experience growth due to the increased demand for functional food. Functional foods, chosen for their health benefits, often incorporate dietary fiber supplements to provide additional health functions. The Institute of Food Technologists (IFT) reported a notable surge in the sales of functional foods and beverages in the United States, reaching $83 billion in 2021, marking a 6.8% increase from 2020. This rise in demand for functional food is a significant driver propelling the growth of the dietary fiber market.
The dietary fibers market is anticipated to grow with the increasing prevalence of chronic diseases. Chronic diseases, lasting three months or more, can be mitigated with dietary fiber known for promoting digestive health, aiding in weight management, and controlling blood sugar levels. As consumers actively seek products contributing to overall well-being and offering preventive measures against chronic diseases, the demand for dietary fibers is on the rise. According to the National Center for Biotechnology Information (NCBI), the global number of people with chronic diseases is projected to reach 142.66 million by 2050, up from 71.522 million in 2020. This surge in chronic diseases contributes to the growth of the dietary fibers market.
Product innovation emerges as a key trend in the dietary fibers market, with major companies focusing on developing new products to enhance their market positions. An example is DuPont de Nemours Inc.'s introduction of Lactase Nurica, generating GOS fiber and lactose-free dairy products in China. This enzymatic solution enables the natural synthesis of dietary fibers in situ, contributing to high fiber content, reduced sugar, and low or no lactose while maintaining quality and profitability. Product innovation remains a crucial strategy to meet evolving consumer demands and strengthen market presence.
Major companies in the dietary fibers market are developing clean label products as part of their strategy to gain a competitive edge. Clean label products adhere to clean eating principles, featuring labels with simple, easily understandable, and minimally processed ingredients. Ingredion Incorporated, for instance, launched Fibertex CF 502 and Fibertex CF 102, citrus-based dietary fibers, responding to the demand for clean labels and supporting nutrition, health, and wellness trends. These fibers, made from unused side-streams, contain over 90% dietary fiber and can replace various ingredients, contributing to reductions in fat, sugar, and calories in different applications. Clean label products, positioned as the next wave in clean label ingredients, offer enhanced nutritional profiles, sustainability, and sensory experiences.
The trends in increased demand for functional food, growing prevalence of chronic diseases, product innovation, and the development of clean label products collectively contribute to the dynamic landscape of the dietary fiber market.
In June 2022, Tate & Lyle PLC, a UK-based provider of food and beverage ingredients and solutions, successfully acquired Quantum Hi-Tech (Guangdong) Biological Co., Ltd for a total deal amount of $237 million. This strategic acquisition significantly reinforces Tate & Lyle's fortification platform, establishing the company as a global leader in dietary fibers. Additionally, it serves to expand Tate & Lyle's business presence in China and the broader Asian market. The acquisition includes FOS and GOS fibers, complementing Tate & Lyle's existing fiber offerings and enabling the company to provide a more diverse range of solutions to its clients in essential areas. Quantum Hi-Tech (Guangdong) Biological Co. Ltd., the acquired company, is based in China and is a key player in the prebiotic dietary fiber industry. This acquisition underscores Tate & Lyle's commitment to enhancing its product portfolio and strengthening its position in the global food and beverage ingredients market.
Major companies operating in the dietary fibers market report are The Archer-Daniels-Midland Company, Lonza Group AG, Roquette, The Emsland Group, Cargill Incorporated, DuPont de Nemours Inc., Kerry Inc., The Green Labs LLC, Nexira, Ingredion Incorporated, Tate & Lyle PLC, Farbest Brands, AGT Food and Ingredients, Batory Foods Inc., Koninklijke DSM N.V., The Hain Celestial Group Inc., Dole Food Company Inc., Dairy Farmers of America Inc., Grain Millers Inc., PURIS, Taiyo International, Grain Processing Corporation, Fiberstar Inc., KFSU Ltd., Solvaira Specialties Inc., SunOpta Inc., Tereos S A, Unipektin Ingredients AG, Cosucra Groupe Warcoing SA, and SENSUS Inc.
North America was the largest region in the dietary fibers market in 2023. The regions covered in the dietary fibers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the dietary fibers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The dietary fibers market consists of sales of gums, fructans, pectins, psyllium, or B-glucan, cellulose, hemicellulose, lignin, and other dietary fibers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.