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Dietary Fibers Market By Product Type (Soluble, Insoluble), By Source (Cereals & Grains, Fruits & Vegetables, Legumes, Nuts And Seeds), By Application (Animal Nutrition, Functional Food And Beverages, Pharmaceuticals) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Industry Outlook

The Dietary Fibers Market is expected to reach $8.52 billion by 2026, growing at an 11.1% CAGR from 2018 to 2026. In 2017, North America held the largest value and volume share in the global dietary fibre market, and Asia Pacific is projected to be the fastest-growing region between 2018 and 2026.

Dietary fibers are basically defined as the portion of plant-derived food that cannot be broken down by digestive enzymes. This food basically passes into the large intestine, where it is fully or partially fermented.

The global dietary fibre market is primarily driven by rising consumer awareness of the health benefits of dietary fibers. Consumers are shifting their preferences toward healthy supplements owing to their hectic schedules and unhealthy diets. Dietary fibers aim to reduce the risk of heart disease and diabetes by lowering cholesterol and blood sugar levels. In addition, it also aids in weight management and the movement of waste inside the body. It also helps to prevent colon cancer, diarrhea, and hypertension. An increased incidence of stomach-related ailments owing to the growing demand for ready-to-eat food is expected to increase the demand for dietary fibers. Key manufacturers are also focusing on increasing the nutritional value and enhancing the digestive system with the launch of new dietary fibers.

In addition, increasing focus on the efficient utilization of waste products such as peanut skin and hulls to create dietary fibers is also expected to propel the demand for this market during the forecast period from 2018 to 2026. Various government initiatives to promote the consumption of dietary fibers are also expected to drive market growth. For example, the United Kingdom government issued guidelines recommending that adults consume 30 grams of fiber per day and children consume 25 grams of fiber per day. Trends show that there has been an increase in demand for bakery products that contain various natural ingredients, such as whole grains and dietary fibers.

The daily intake recommendations for dietary fibre products, which help to maintain blood sugar levels, reduce obesity, and enable consumers to efficiently manage energy levels, are expected to benefit the bakery industry. Dietary fiber in bakery products and bread also aims to improve human digestion and regulate intestinal flora. All these factors are expected to increase the demand for bakery products, which in turn is expected to augment the demand for dietary fibers in the near future. Growing demand for cereal bars among athletes, sportspersons, and young adults is also expected to spur demand. Healthy snacks are important for athletes, and they are required to have meals throughout the day. Cereal bars are rich in fibre and aim to enhance digestive health, suppress appetite, and also aid in weight management.

These are fortified with minerals, omega-3 fatty acids, and vitamins to provide additional health benefits. With the objective of obtaining energy for exercise, consumers prefer cereal bars before working out in the gym. For example, Multipower, a sports nutrition company, deals with various cereal bars that are suitable for consumption before, after, and during workouts. These are also used as wartime food in army regiments due to their portability and long shelf life. However, product testing and approval is a lengthy and costly process owing to the various regulations of the FDA prevailing in the market. This, in turn, is expected to restrain the market during the forecast period from 2018 to 2026.

Market Synopsis

In the global dietary fiber market, the insoluble segment is the largest by product type.

The increasing application of fibers and bran in the confectionery and bakery industries is required for fortification with the objective of enhancing the nutritional value of various food items that, include tortillas, bread, portions of pasta, weight management supplements, and nutritional bars, among others, is expected to propel the demand for this segment during the forecast period. Key manufacturers in the insoluble dietary fibers market are focusing on offering cellulose for various industrial applications that include feed, food, and pharmaceuticals, among others. In addition, the availability of cereals and grains as raw materials for insoluble dietary fibers is high compared to other sources, which in turn is also expected to drive market demand. The increasing application of insoluble dietary fibers in citrus fruits is another factor propelling the growth of this segment. Insoluble dietary fibers also find application as a natural antioxidant, bulking agents in various reduced-sugar applications, a tool for incorporating texture, and also as an effective moisture manager in fat replacement.

Changes in western influence, rising disposable income, and lifestyle changes are expected to boost demand for healthy food products. Technical difficulties related to the stability and reactivity of the product are one of the major challenges faced by the manufacturers of dietary fibers. In addition, insoluble dietary fibres also show adverse effects on the human body, which include bloating, cramping, and abdominal effects. For example, Ingredion Incorporated, based in the U.S., launched VERSAFIBETM 1490 and 2470 insoluble dietary fibers. These new products aim to reduce carbohydrates and calories in various low-moisture applications that include crackers, pasta, bread, cookies, and noodles, among others. Soluble dietary fibres are expected to grow at the fastest rate owing to their extensive application as a food additive to increase flavor. It also acts as a sugar and fat substitute in various food applications.

The Functional Food and Beverage Application Segment is Driving the Dietary Fibers Market Growth.

Growing consumer awareness about nutritional and healthy food products has resulted in a shift in consumer preference towards these products, thereby driving the market growth. Increasing demand for fibre supplements is another factor propelling demand for this segment. The increasing prevalence of various lifestyle diseases, followed by an aging population and increasing healthcare costs, are also responsible for the growth of this market during the forecast period from 2018 to 2026. Hence, consumers are shifting towards dietary supplements with the objective of staying fit and healthy, thereby fulfilling nutritional requirements. This, in turn, is expected to spur the demand for various dietary fibre supplements that are rich in minerals and vitamins. All of these factors are expected to drive demand in the global dietary fibres market for this segment. The pharmaceuticals segment is expected to grow at the fastest rate owing to the growing adoption of dietary fibres in this industry.

In the Global Dietary Fibers Market, the Cereals and Grains segment is the largest by source.

Because of their high dietary fibre content, rye and triticale are the most commonly consumed cereals. Rye mainly finds application in porridge and bread, whereas triticale mainly finds application in animal feed. Growing demand for these cereals in Europe is expected to drive the overall market. The increasing application of insoluble dietary fibres is driving this segment. Wide product availability compared to other sources is another factor bolstering the market growth. Cost-effectiveness owing to high production followed by various health offerings such as the reduction of heart diseases and type 2 diabetes is also expected to boost market demand. Fruits and vegetables are expected to register high growth owing to the various initiatives by the government to reduce the consumption of synthetic vegetables and fruits. As a result, the various properties of dietary fibres for cereals and grains, as well as the various health benefits associated with them when compared to processed food, are expected to boost the growth of this segment in the global dietary fibres market.

North America is the largest region in the global dietary fibre market.

Globally, in 2017, North America accounted for the largest share of the dietary fibre market. The U.S. and Canada are the key countries in the North American dietary fibre market. Rising consumer preference for fortified food products, followed by increased dietary fibre penetration in the retail food industry, is expected to drive the market in this region. The prevalence of various lifestyle diseases, mainly due to an unhealthy diet, is also expected to surge the demand for fibre products in the North American region, which in turn is expected to drive market growth. Europe followed North America in the global dietary fibre market. Asia Pacific is expected to grow at a rapid rate during the forecast period from 2018 to 2026.

New product development is one of the key strategies adopted by manufacturers.

Ingredion Incorporated, Lonza Group AG, Kerry Group plc, Roquette Frères S.A., Archer Daniels Midland Company, Cargill, Inc., Nexira SAS, E.I. Dupont De Nemours and Company, Grain Processing Corporation, Tate and Lyle Plc. are among the key players in the global dietary fibres market. For example, in April 2017, Ingestion Incorporated, based in the U.S., launched the NoveloseTM dietary fibre series. This new product development was aimed at fibre fortification. In addition, it also helps in calorie reduction in pasta, baked goods, and noodles, among others, with minimal impact on product flavor, texture, and color.

Periods of History and Forecast

This research considers 2017 as the base year and presents an analysis of segments from 2016 to 2026. In addition, the forecast period from 2018 to 2026 is considered for the compound annual growth rate (CAGR) calculation for each respective segment.

Report Scope by Segments

The global market for dietary fibres mainly focuses on quantitative and qualitative analysis of the overall market. The report also represents an understanding of the current strategies and market dynamics prevailing in the market. The report covers the global dietary fibres market by segmenting the market in terms of product type, source, application, and geography.

Key questions are answered in this report.

  • Who are the distributors, traders, and dealers in the dietary fibre market?
  • What is expected to be the largest product type, source, application, and geography segments in the market during the forecast period from 2018 to 2026?
  • What are the fastest-growing segments in the market for the forecast period?
  • What are the current market trends in the dietary fibres market, and what are the most profitable opportunities for players?
  • How does the regulatory framework affect global as well as regional markets?
  • Which are the key players operating in the global market, and what are the strategies they have adopted?
  • What are the sales, revenue, business strategy, and product portfolio of the top manufacturers of dietary fibres on the market?
  • What are the market size and trends in emerging and developed markets?

Frequently Asked Questions:

The market for Dietary Fibers Market is expected to reach US$ 8.52 Bn by 2026.

The Dietary Fibers Market is expected to see significant CAGR growth over the coming years, at 11.1%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Ingredion Incorporated, Lonza Group AG, Kerry Group plc, Roquette Frères S.A., Archer Daniels Midland Company, Cargill, Inc., Nexira SAS, E.I. Dupont De Nemours and Company, are some of the major players in the global market.

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Godaddy
Published Date:  Oct 2018
Category:  Food & Beverage
Report ID:   59365
Report Format:   PDF
Pages:   120
Rating:    4.1 (69)
Delivery Time: 24 Hours to 48 Hours   
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