Dietary Fibers Market Size By Type (Soluble [Inulin, Pectin, Polydextrose, Beta-Glucan, Fructooligosaccharides (FOS), Galactooligosaccharides (GOS), Corn Fiber], Insoluble [Cellulose, Hemicellulose, Chitin & Chitosan, Lignin, Fiber/Bran, Resistant Starch]), By Source (Cereals & Grains, Fruits & Vegetables), By Application (Food, Beverages, Pharmaceutical) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, China, India, Japan, South Korea, Australia, Brazil, Mexico, Argentina, South Africa, UAE, Saudi Arabia), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024

Industry Trends

Dietary Fibers Market size was worth over USD 3 Billion in 2016 and will surpass 800 Kilo tons by 2024. 
 

U.S. Dietary Fibers Market Size, By Type, 2016 & 2024 (Kilo Tons)

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Rising consumer preferences for healthy lifestyle along with demand for nutritious food will drive the global market growth. Rising occurrences of various diseases due to unhealthy diet and hectic schedule has shifted consumer attention towards healthy supplements, thus supporting product demand.  Increased incidences of stomach related ailments due to growing trend for ready to eat food have prompted need for dietetic nutrition among consumers. Enhancing digestive system and providing appropriate nutritional value are among key factors fuelling product demand in FMCG companies.
 

Functional food industry expansion due to lack of quality production of fruits and vegetables has positively enhanced the market growth. In 2017, global functional food spending was around USD 290 billion and is set to surpass USD 450 billion by 2024. Increase in consumer affordability and willingness to pay premium prices for healthy food will remain key factor stimulating industry growth.
 

Health benefits including reduced risk of hypertension, obesity, stroke, heart and gastrointestinal diseases will drive the dietary fiber market growth. Food and beverage industry expansion owing to organised retail sector and presence of multiple sales platform will influence product penetration. Governments initiatives across the globe to promote dietary fiber consumption will support industry growth. For instance, in 2015 U.K. government published new guidelines recommending the consumers to enhance fiber consumption to 25gm per day for below 18 years and 30gm a day for adults.
 

Stringent regulatory compliances during the manufacturing stage can increase production costs thus impacting overall market price trend. Moreover, lengthy and costly product testing process and time taking product approval may pose restriction on new product launches.
 

Dietary Fibers Market, By Type

Soluble dietary fibers market was valued over USD 1.2 billion in 2016. Improved insulin sensitivity, glycemia, along with easy blending capabilities are key benefits offered by the product. Beans, peas, oats, barley, fruits, and avocados are among the major sources. Additional properties including improved immunity, anti-inflammatory effects, weight management and enhanced mood will propel segment growth.
 

Insoluble dietary fibers market accounted for more than 55% of overall industry share in 2016. Increasing obesity cases and incidence of high cholesterol among young and adults will demand in this segment. Increasing product demand from functional food, feed and pharmaceutical industries owing to its high-water absorption properties will tremendously drive the dietary fibers market growth. Developments in feed industry owing to the increased demand for premium quality product is expected to support the product demand in feed industry.
 

Dietary Fibers Market, By Source

Cereals & grains will generate over USD 3 billion revenue by 2024. Wide product availability compared to other sources such as legumes has positively enhanced demand. Oat, bran, wheat, rice, and corn are few major sources in this segment. Economical in cost due to high production along with health offerings such as reduction of risk of type 2 diabetes and lower risk of heart diseases will propel market growth.
 

Fruits & vegetable will observe over 13.5% CAGR up to 2024. Increased government’s focus globally to reduce the consumption of synthetic fruits & vegetables will substantially drive growth in this segment. According to WHO, approximately 3 million deaths a year takes place from diseases caused due to inadequate fruit and vegetable intake. Removal of potentially harmful substances through the intestinal tract and lower blood cholesterol levels through proper consumption will boost dietary fibers market expansion.
 

Dietary Fibers Market, By Application

Food applications will observe over 12.5% CAGR up to 2024. Growing awareness as well as the tremendous development of the organic food industry is driving the segment growth. Presence of dietary fibers in food products helps in the prevention of colon cancer, therefore driving the market growth. Strong correlation between increased fiber intake and reduced first stroke rate recognised through various studies has positively enhanced product penetration in this segment.
 

Beverages will be valued over USD 2.5 billion by 2024. Energy and sports drinks are the major products driving the segment growth. New and upgraded flavour & ingredient combinations and alternatives to carbonated soft drinks will be key driving factors. Presence of natural and active elements in various beverages such as probiotics and prebiotics is expected to boost industry growth. Growing trend amongst consumers regarding high fiber consumption and acceptable bacteria in the gut to support a healthy digestive and immune system is expected to support product demand.
 

Dietary Fibers Market, By Region

APAC market will value over USD 2 billion by 2024. Increasing consumer spending on food & beverages, along with increased demand for nutraceuticals has propelled the regional industry growth. Consumers preference for healthy lifestyle accompanied by government educational campaign over clean eating will propel demand. Increase in aging population that are seeking for healthy alternatives to prevent and control diseases will further enhance business expansion.
 

North America dietary fibers market will witness growth over 12% up to 2024. Increasing prevalence of diabetes and obesity among young and adults has resulted into the implementation of weight loss procedures, thus driving industry growth. According to International Diabetes Federation (IDF), 37.7 million people are affected with diabetes and is expected to increase by more than a third by 2030 in this region. Rising cases of obesity in the U.S. is likely to prompt the demand for supplements in the coming years.
 

Competitive Market Share

Global industry share is highly fragmented with presence of numerous local and international players. Cargill, Archer Daniels Midland Company, Lonza, Roquette, Ingredion, DuPont, Tate & Lyle, Royal DSM and Novartis are some of the major global players in the industry. Companies are aiming at capturing the considerable market share through new product developments and expanding geographic foothold.
 

Technological advancements, financial flexibility and improvements for investing in the optimal strategies will provide long term growth opportunities for the market players. In oct 2017, Roquette, a multinational player announced the opening of an innovation centre and new facilities in China. The facilities will be focussing on the food, plant-based pharma and nutritional products particularly for regional health trends. This move will allow the company to alter its product portfolio and address the explicit dietetic and health challenges of the region such as diabetes or obesity.
 

Industry Background
 

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Dietary fibers also known as roughage is the indigestible portion of food products derived from plants. The two major types include soluble and insoluble. Soluble can dissolves in water, is fermented in the colon into physiologically active by products and gases, and can be viscous and prebiotic. These are found in fruits, vegetables, legumes including beans, peas and others. Mostly it enables to cholesterol level, control sugar level, and lessens the risk of intestinal ulcers. Insoluble passes through digestive system in nearly its original form. It enables to promote regularity and healthy digestive system. Extensive application in food & beverages industry is projected to support the market growth soon.
 

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