MARKET OVERVIEW- GLOBAL DIETARY FIBERS MARKET
Dietary fiber can be described as an important nutrient that benefits digestion and normalizes bowel activity in humans and animals. These are consumable portions of plant-derived foods. These fibers help in the transport of body waste, reduce the risk of diabetes and heart disease by lowering blood sugar and cholesterol, and control weight. Dietary fibers are applicable in various industries such as pharmaceuticals, food and beverages, and feed.
The increase in the elderly population across the world, coupled with the increase in the consumption of fortified food products, are key factors which are expected to propel the growth of the dietary fiber market. Dietary fiber can improve the structure and flavor of food, and therefore, it is used as one of the best-known food additives. Growing concerns about preventative health care and the health efficacy of dietary fiber are driving market growth. The demand for dietary fiber has increased due to increased consumption of functional foods, which, in addition to providing basic nutrition, have the potential to improve health. These factors are anticipated to provide ample new growth opportunities for the market over the forecast period.
The increased demand for products due to growing consumer awareness of eating a healthy diet and leading an active lifestyle is expected to drive the growth of the market in the coming years. Growing health awareness due to increased cases of heart disease, cancer, and diabetes has led consumers to prefer fiber-based food products with additional health benefits. This is also anticipated to stimulate market growth. According to research conducted by the National Institutes of Health, more than 60-70 million Americans suffer from distinctive digestive problems. Additionally, according to the Harvard School of Public Health, adults and children need at least 20-30 grams of dietary fiber per day. In addition, the consumption of dietary fiber reduces the risk of developing various health diseases, such as diabetes, heart disease, diverticular disease, and constipation. An important factor influencing market growth is the growing consumer preference for natural products. The demand for dietary fibers has increased due to increased consumption of functional foods, which, in addition to providing basic nutrition, have the potential to improve health.
Obesity, digestive problems, gastrointestinal infections, and other conditions affect the vast majority of people. With this in mind, market players are developing dietary fiber products to aid in the treatment of such diseases. The impact of growing health concerns on the dietary fiber market is currently moderate, but is expected to increase in the future.
Snacks are one of the most popular food categories and have been found to contain various functional ingredients. It has been observed that consumers prefer healthy snacks that can provide nutritional and functional benefits. Hence, this segment has created huge opportunities for the dietary fiber market over the coming years and is expected to continue to do so. Apart from this, it has also been observed that flour products, dairy products like yogurt and cheese have been widely adopted by health-conscious consumers all over the world. Besides, emerging features and new technologies have gained the major attention of the end-user segment, and this factor is expected to provide rising new growth opportunities for the market over the forecast period.
Normally, most people cannot digest fiber due to a lack of necessary enzymes in the digestive tract. Specifically, dietary fiber is resistant to hydrolysis. Since fiber is not digested, it passes through the body almost unchanged and cannot be used as an energy source. These properties of fibers are useful in the physiological role they play. The same saturated water stability and lower reactivity create a barrier when dietary fiber is used as an ingredient. This feature could lead manufacturers to include dietary fiber as an ingredient, which is expected to be an important restraint to the growth of the dietary fiber market.
MARKET GROWTH CHALLENGES
The stringent government regulations regarding dietary fibers are expected to be a major challenge for the market’s growth over the forecast period. Also, the definition of dietary fiber varies from one country to another, based on the regulations of that particular country. For example, in the UK, dietary fiber is determined by chemical properties and digestibility, but in the US, ingredients that can be fermented in the colon are considered dietary fiber. The French definition of dietary fiber is in line with that of the Codex. In doing so, it takes into account the composition and polymerization of carbohydrates and their physiological properties. This can pose a challenge for international food and ingredient manufacturers wishing to sell and market their products on a global platform.
ANALYSIS OF CUMULATIVE GROWTH
The report provides an in-depth analysis of the global Dietary Fibers market, including market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. The increasing demand for various Dietary Fibers in various food applications has led to the increasing demand for market and is expected to witness growth at a specific CAGR from 2021-2028.
DIETARY FIBERS MARKET SEGMENTAL OVERVIEW
The Global Dietary Fibers market comprises of different market segments like raw material, product, application and geography.
DIETARY FIBERS MARKET BY RAW MATERIAL
By raw material, the Dietary Fibers market includes the key segments of
- Fruits and Vegetables
- Cereals and Grains
- Nuts and Seeds
The cereals and grains segment is expected to lead the market over the forecast period. Consumption of this fiber reduces the risk of cardiovascular diseases such as stroke and coronary heart disease. Additionally, the dietary fiber found in oats, flaxseeds, beans, and oat bran helps reduce low-density lipoproteins, which lowers total blood cholesterol levels. Some of the major soluble fibers found in whole grains, including wheat, rye, and barley, are beta-glucan, pentose, and arabinoxylans; while insoluble fiber, including lignin, cellulose, and hemicellulose, is derived from grains such as rice, corn, and wheat bran. The growing importance of beta-glucan as an immunity booster in the nutraceutical and pharmaceutical industries is expected to drive the growth of the dietary fiber market.
The fruit and vegetable segment is estimated to register the fastest CAGR over the estimated time period. Foods high in fiber have lower energy density and provide fewer kilojoules (calories) per gram of food. Additionally, foods high in fiber are considered bulky and filling. Conversely, soluble fiber, obtained from sources such as citrus fruits, strawberries, apples, potatoes, and peas, forms a gel that delays the transit time of food through the digestive system as well as stomach emptying. Fiber from fruits and vegetables also helps regulate blood sugar levels and prevent rapid increases in blood insulin levels, which are in turn linked to the risks of diabetes and obesity. Additionally, the health benefits, including cancer prevention, cognitive enhancement, and improved cardiovascular health, associated with the consumption of the product are expected to drive overall demand.
DIETARY FIBERS MARKET BY PRODUCT
By product, the Dietary Fibers market is segmented into
- Soluble Dietary Fibers
- Insoluble Dietary Fibers
The soluble dietary fibers segment is further segmented into inulin, pectin, beta-glucan, corn fibers, and others. The insoluble dietary fibers segment is further segmented into cellulose, hemicellulose, chitin, and chitosan, lignin, oat bran, wheat fiber, and others. The soluble fibers segment is expected to lead the market over the forecast period. Soluble fiber for animal and human consumption comes from fruits and vegetables, nuts and seeds, cereals and whole grains. Dietary fiber such as fructo-oligosaccharides (FOS) and inulin, derived from vegetables, helps regulate bowel function; while pectin, derived from fruits like pears and apples, relieves heartburn issues and promotes gut health.
Based on the type of soluble fiber, the inulin segment is expected to occupy the largest market share over the forecast period. In addition, increasing research and development on inulin and other types of soluble fibers, such as polydextrose and pectin, is expected to improve the overall product offering on the market in the coming years.
Insoluble dietary fiber is expected to grow faster over the forecast period due to increased consumption of functional foods, increased consumer health awareness, and changing consumer diets. Additionally, insoluble dietary fiber from oats, wheat, corn, potatoes, peas, rice, and legumes helps reduce the risk of developing various health conditions, such as hyperglycemia, constipation, high cholesterol, and obesity.
Based on insoluble dietary fiber types, the cellulose segment is expected to lead the market. Cellulose is used in various food applications, such as poultry products, baked goods, and meat products. In this case, cellulose fibers with a high oil and water holding capacity are used in processed meat applications to maintain the moisture content in the final products, while cellulose with a low water absorption capacity is used to provide fiber enrichment to products, such as bread, pastries, biscuits, corn tortillas, and pastry fillings.
DIETARY FIBERS MARKET BY END USERS
The Dietary Fibers market has major applications like
- Food and Beverages
- Animal Feed
The food and beverage applications segment is expected to lead the market over the forecast period. Consumer confidence in the health benefits of dietary fiber is one of the key drivers driving demand for the product. Furthermore, the growing consumption of healthy and functional food products should drive the market in the coming years. In the food industry, breakfast cereals are in high demand due to their improved nutritional profile. The high demand is also attributed to growing consumer health concerns related to the negative effects of processed foods and fast foods and excessive calorie consumption. Additionally, in response to this growing demand, several food manufacturers have introduced a range of new and reformulated products. Major companies, continue to invest in research and development with the goal of introducing innovative products in the soluble and insoluble dietary fiber industry.
The animal feed application is expected to grow at a significant rate over the forecast period. The products are used in the manufacture of animal feed products for their beneficial health properties, including reducing the number of pathogenic bacteria, balancing the intestinal flora, and maintaining intestinal immunity in animals. Since dietary fiber helps regulate optimal animal health and performance, demand for it is expected to remain high in the years to come.
MARKET FOR DIETARY FIBERS BY GEOGRAPHY
The global Dietary Fibers market is studied for the following regions:
- North America
- Rest of the world (RoW)
Asia Pacific is expected to be the fastest-growing market for dietary fibers over the forecast period. Growing youthful population in the region, coupled with government directives to include fiber-rich foods in the daily diet, and growing per capita income are some of the factors driving the growth of the market fibers in Asia-Pacific. Additionally, hectic lifestyles have prompted consumers to opt for ready-to-eat products, which has helped manufacturers introduce fiber-rich snacks, especially for health-conscious consumers. Additionally, the Indian and Chinese governments are promoting the health benefits associated with fiber consumption, which should create potential opportunities for fiber manufacturers around the world.
The market in North America is expected to grow at a significant pace over the next few years, which can be attributed to the increased consumption of nutrient-rich foods. Furthermore, recent economic development, coupled with the growth of the urban population in the region, has led to substantial changes in lifestyle and eating patterns. The increase in fiber content in daily diets and the promising trend in functional food production are other important factors driving the market in North America.
COVID-19 IMPACT ANALYSIS ON GLOBAL DIETARY FIBERS MARKET
Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global Dietary Fibers market. In addition, a complete analysis of changes in the global Dietary Fibers market’s expenditure, economic and international policies on the supply and demand side is provided in this report. The report also studies the impact of the pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market.
The ongoing COVID-19 outbreak has had a significant impact on the food and beverage industry as well as the growth of the global dietary fiber market. The market was impacted by the sudden loss of operational efficiency and disruptions in the value chain caused by the unexpected closure of national and international borders. However, while the pandemic has impacted supply chain operations, it has also created demand among consumers for a healthy lifestyle, resulting in a shift in consumer orientation towards nutritious foods. This is expected to create new growth opportunities for the market over the forecast period.
ANALYSIS OF COMPETITIVE LANDSCAPE
The competitive landscape analysis of the Dietary Fibers market is majorly focused on expanding the global growth of Dietary Fibers with new product innovation, business expansion, and the increasing presence of range of a manufacturer operating in Dietary Fibers industry, which has led to the growing demand for the market. Besides, the market offers a range of food products in different applications to fulfil the requirement of consumers, which is further contributing to healthy growth in the market.
The key players studied in market are
- Ingredion Incorporated
- Roquette Frères
- Nutri Pea Ltd
- AdvaCare Pharma USA
- Emsland Group
- Kerry Inc.
- J. RETTENMAIER & SÖHNE GmbH
- The Green Labs LLC
- Tate & Lyle
- Farbest Brands
April 2021: Ingredion Incorporated acquired KaTech, which provides advanced texture and stabilization solutions to the food and beverage industries. This acquisition expands Ingredion's Food Systems platform with a comprehensive suite of innovative solutions that assist food and beverage manufacturers with product formulation, ingredient functionality, and technical assistance.
October 2019: Cargill, Inc. invested over USD 35 million in Europe to add soluble dietary fibers to its product portfolio of sweeteners, starches, and texturizers. This initiative marks the company’s first move into soluble dietary fibers in Europe and was undertaken in an effort to provide on-trend solutions to manufacturers producing distinguished products, including bakery and confectionery goods, cereals, and dairy products.