Global Dietary Fibers Market Size To Surpass USD 17.3 Billion by 2032 | CAGR of 9.6%

Category: Food & Beverages

RELEASE DATE Apr 2023
REPORT ID SI1700

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Global Dietary Fibers Market to Surpass $17.3 billion by 2032

 

According to a research report published by Spherical Insights & Consulting, the Global Dietary Fibers Market Size is to grow from USD 6.9 billion in 2022 to USD 17.3 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 9.6% during the projected period. Consumers growing awareness of the health benefits of dietary fibers, such as weight management, blood sugar control, and improved gut health, is driving the market growth. Furthermore, the rising prevalence of lifestyle-related diseases such as obesity, diabetes, and cardiovascular disease is fueling the growth of the dietary fiber market.

Global Dietary Fibers Market

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Browse key industry insights spread across 200 pages with 130 market data tables and figures & charts from the report on "Global Dietary Fibers Market Size, Share, and COVID-19 Impact Analysis, By Type (Soluble, Insoluble), By Source (Cereals & Grains, Fruits & Vegetables, Legumes, Nuts & Seeds), By Application (Functional Food & Beverages, Pharmaceuticals, Feed, Nutrition, and Other), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032."  Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/dietary-fibers-market

 

To extract dietary fibers from various sources, such as wet processing, dry processing, chemical, gravimetric, physical, enzymatic, and microbial methods are used. Dietary fibers are plant-based substances that the human body cannot digest but are necessary for good digestive health. These fibers, which can be found in fruits, vegetables, and whole grains, are commonly used in the manufacture of functional foods and dietary supplements. The rapidly increasing consumption of dietary fiber supplements to meet nutritional needs is projected to fuel market expansion. Because of the aging population, the rising incidence of lifestyle diseases, and rising healthcare costs, these supplements are in extremely high demand. As a result of all of these factors, consumer preferences are shifting towards consuming more dietary supplements to support their health and meet their basic nutritional requirements, driving the growth of the Global Dietary Fibers Market. Consumers are becoming more health-conscious, and they are looking for foods and supplements that provide health benefits. The growing awareness of the health benefits of dietary fibers is driving demand for products containing dietary fibers. However, various government agencies regulate the dietary fiber market, and products containing dietary fibers must meet certain standards and regulations. This can result in higher compliance costs and limit new entrants into the market.

 

The soluble fiber segment holds the largest market share in the global dietary fibers market over the prediction period. 

Based on the type, the global dietary fiber market is differentiated into soluble and insoluble. In the global dietary fiber market, the soluble fiber segment has the largest market share. The growth can be attributed due to the growing demand for functional foods and dietary supplements containing soluble fibers, which are known to aid in weight management, blood sugar control, and cholesterol reduction.

 

The cereals and grains segment is anticipated to hold the largest market share in the global dietary fibers market during the study period.

Based on the source, the global dietary fibers market is classified into cereals & grains, fruits & vegetables, legumes, nuts & seeds. Cereals and grains account for the largest market share in the global dietary fiber market. Cereals and grains are the most widely accepted sources of dietary fiber, and they are widely used in a variety of food products such as breakfast cereals, bread, and pasta.

 

The functional food and beverages segment is expected to hold the largest market share in the global dietary fibers market over the projected timeframe.

Based on the application, the global dietary fibers market is classified into functional food & beverages, pharmaceuticals, feed, nutrition, and others. The functional food and beverages segment has the largest market share in the global dietary fiber market. The increase can be attributed to an increase in demand for foods and beverages fortified with dietary fibers to provide additional health benefits. The pharmaceuticals segment is expected to grow at the fastest rate of CAGR over the projection period, as dietary fibers are increasingly being used in the formulation of medicines and supplements.

 

North America is expected to hold the largest share of the global dietary fibers market during the projected period.

 

Global Dietary Fibers Market

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In the global dietary fiber market, North America has the largest market share. This is due to rising awareness of the health benefits of dietary fiber consumption, rising demand for functional foods and fiber-containing dietary supplements, and the high prevalence of chronic diseases such as diabetes and cardiovascular disease in these regions. The Asia-Pacific region is expected to grow at the fastest rate in the coming years, driven by rising demand for dietary fibers in countries with large populations and rapid economic growth, such as China and India. The governments of India and China are working to promote the health benefits of dietary fiber consumption, which is expected to create new opportunities for dietary fiber manufacturers worldwide.

 

Major vendors in the Global Dietary Fibers Market include Nutri Pea Ltd, Ingredion Incorporated, Kerry Group PLC, The Green Labs LLC, Beneo, ADM, Tereos, Cargill, Dupont, Roquette Frères, Nexira, Tate & Lyle, Herbafood Ingredients GmbH, Scoular, Baolingbao Biology Co Ltd., and Others.

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In October 2022, Brightseed, a bioactive discovery company, has announced the release of Brightseed Bio 01, a novel dietary hemp fiber formulated for use in food and beverages to support gut health.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Dietary Fibers Market based on the below-mentioned segments:

 

Global Dietary Fibers Market, By Type

  • Soluble
  • Insoluble

 

Global Dietary Fibers Market, By Source

  • Cereals & Grains
  • Fruits & Vegetables
  • Legumes
  • Nuts & Seeds

 

Global Dietary Fibers Market, By Application

  • Functional Food & Beverages
  • Pharmaceuticals
  • Feed
  • Nutrition
  • Other

 

Global Dietary Fibers Market, Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

 

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 

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