Growing demand for dietary fiber as a food additive in the food and beverage sector
Dietary fiber is a non-digestible carbohydrate found in plants such as fruits, nuts and vegetables. Different diagnostic methods give different results for dietary fiber accumulation. Improvements in production processes and great potential for fibers used in food are expected to drive the market. Rising demand for dietary fiber as a food additive in the food and beverage sector is one of the key factors driving the growth of the dietary fiber market. In addition, increasing pharmaceutical industry and healthcare costs are impacting the growth of the overall market.
Growing awareness of the health benefits of textiles coupled with increasing urban population is expected to create opportunities in the for the dietary fiber market. In addition, increasing consumption of protein supplements including whey protein and increasing availability of plant-based proteins such as pumpkin seeds, spirulina, soybeans, hemp, rice, and peas will propel the growth of the market during the forecast period.
The Covid-19 pandemic is having a positive impact on the fiber market as it finds applications in nutraceuticals, pharmaceuticals and animal feed. In addition, consumption of fruits, leafy greens, grains and nuts has increased due to growing awareness of their health benefits. This also turned out to be a factor in the growth of the market during the pandemic.
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The global dietary fibers market size was valued at USD 6.83 billion in 2022. It is expected to expand at a CAGR of 12.5% from 2022 to 2032. Growing awareness of nutrition beyond the usual diet and trend towards a healthier lifestyle are expected to drive the global dietary fiber market. Fiber regulates health functions such as gastrointestinal health, obesity, diabetes, and metabolic disorders such as blood sugar levels. Sugar-based high-calorie products have been recognized as an important cause of the increasing number of obese children. It is caused by foods including sugary drinks, cookies, pastries, and sugar-based sweets. For example, in 2019, approximately 38 million children under the age of five were classified as obese/overweight. Fiber replaces fat or sugar by limiting the amount of sugar or fat added to products and providing additional nutritional value, increasing the demand for fiber and influencing market growth. Additionally, fiber is used as a hydrocolloid and bulking agent, a sugar and low-fat substitute, and a prebiotic. The health benefits associated with fiber consumption favor market vendors. Cereals, vegetables, fruits, legumes and grains are in high demand among health-conscious people.
The competitive landscape of the global dietary fiber market is fragmented owing to the presence of many major players operating at the global and regional level. Leading companies are involved in product development and strategic alliances to expand their respective product portfolios and gain strong positions in the global market. Major companies in the dietary fiber market include BENEO, Lonza, DuPont de Nemours, Inc., Archer Daniels Midland Company (ADM), Batory Foods, Ingredion Incorporated, Roquette Freres, PURIS, Tate & Lyle, Emsland Group, Cargill, Incorporated, Kerry Inc., The Green Labs LLC, Nexira, Farbest Brands, J. RETTENMAIER & SOHNE GmbH + Co KG, Taiyo International, and AGT Food and Ingredients.
In terms of raw material, the global dietary fiber market is bifurcated into fruits & vegetables, cereals & grains, nuts & seeds, and legumes. In terms of type, the global dietary fiber market is bifurcated into insoluble and soluble. The insoluble type is further sub divided into cellulose, hemicelluloses, chitin & chitosan, lignin, oat bran, wheat fiber, and others. Furthermore, soluble type is sub divided into inulin, pectin, beta-glucan, corn fibers, and others. In terms of application, the global dietary fiber market is bifurcated into food & beverages, pharmaceuticals, animal feed, and others. By region, the global dietary fiber market is bifurcated into North America, Europe, Asia-Pacific, Central and South America, and the Middle East and Africa.
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