Dietary Fibers Market size to exceed $12bn by 2026
Published Date: March 9, 2020 Authors: Kunal Ahuja, Amit Rawat
Dietary Fibers Market size is set to surpass USD 12 billion by 2026, according to a new research report by Global Market Insights, Inc.
Significant health benefits such as reduced glycemic levels and controlled blood sugar levels are propelling global dietary fibers industry growth. The ability to maintain bowel health is surging the product demand. Further, the growing demand for nutritious food along with the advantages of calorie reduction in foods will drive the industry demand. Recommendations by various organizations to enhance the dietary fiber intake accompanied by favorable government initiatives will create notable gains up to 2026. Increasing product innovations owing to significant R&D investments will augment business expansion.
An effective balance between flavor & nutrition plays a vital role in the steering of consumer preferences toward several food products. The rapid increase in the population globally along with environmental pollution caused by consistent technological advancements and growing health ailments has increased the importance of dietary fiber contents in food items. New & innovative solutions pertaining to dietary fibers product portfolio have promoted rapid development of multiple items in the food & beverage industry.
Browse key industry insights spread across 410 pages with 532 market data tables and 18 figures & charts from the report, “Global Dietary Fibers Market Statistics By Product (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 [Bakery, Breakfast Cereals & Snacks, Confectionery, Dairy, Meat Products, Infant Food], Beverages, Pharmaceutical, Companion Animal Nutrition) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020-2026” in detail along with the table of contents:
“According to industry forecast, the soluble dietary fibers segment will register a growth of 12.9% owing to its texture and nutritional benefits in the food & beverage industry”
High nutritional content along with flavor enhancing characteristics has augmented the soluble dietary fibers segment growth
The growth of the soluble dietary fibers industry is primarily governed by several regulatory bodies in different regions. Favorable government regulations pertaining to the environmental conservation using natural raw materials in the manufacturing processes will enhance the segmental growth in the global dietary fibers market. Further, shifting consumer preferences towards the sugar substitutes to avoid the risk of diseases such as diabetes, obesity, and gut-related disorders will augment overall business outlook.
Easy availability of fruits and vegetables will encourage key players to use them as raw materials in the global dietary fibers market
Fruits and vegetables are the most reliable source of mucilage, pectin, and gums. Cabbage, broccoli, berries, apples, and pear offer a high amount of dietary fibers. Dietary fibers sourced from fruits and vegetables have very high-water retention properties. For instance, manufacturers are using carrot fiber for the purpose of increasing meat weight. This has been proven to be a beneficial processing technique for both manufacturers and consumers as it has enhanced production quantity by weight and reduced the prices of the meat products.
“The fast growing low-calorie and low-sugar segments in the processed food industry will encourage product development in the global dietary fibers market”
Sugar-free confectionery application will open new avenues for the market growth
Dietary fibers are used in confectionery applications such as chocolates, jellies, toffees, marshmallows, soft chewable candies, and fillings. The ability to add creaminess and provide enhanced mouth feel are driving the product demand in confectioneries. Product development with the capacity to modulate the high-intensity sweeteners will augment the global dietary fibers market trends. Also, the use as a bulking agent in reduced sugar applications is positively influencing business growth through confectionery.
Application in confectionery has made a major breakthrough in the global dietary fibers market. New product development has been specifically customized for the low-sugar confectionery products. Use of fibers have enabled manufacturers to achieve the same level of sweetness in chocolates without the addition of sugar. These will allow market participants to gain a wider consumer base overcoming the hurdles of the obese and diabetic demo graph.
Increasing demand from health-conscious consumer base in North America will drive market statistics
The North America dietary fibers market will observe a significant growth over the projected timeline owing to the increasing health ailments across the region. Key features including effective moisture management in the fat replacement, as a natural antioxidant, and as an effective tool for the incorporation of texture in several food items will provide a strong business outlook in the region. Surging health issues such as digestive problems, diabetes, obesity, and high cholesterol due to the escalating consumption of convenience and processed food will drive the overall market growth across North America.
Key players in the global market are focusing on innovation in technology and new product launches
The strategies adopted by the companies is reliant on the global dietary fibers market characteristics. Global market displays high degree of consolidation owing to the presence of large multinational players. Key manufacturers include Archer Daniels Midland Company, DowDuPont, Tate & Lyle, Kerry Group, Royal DSM, Cargill, Ingredion Incorporated, J. Rettenmaier & Sohne Gmbh & Co and Procter & Gamble. Although the barriers for entry are low, new players will find it difficult to enter the global dietary fibers market owing to substantial costs involved in setting up operations.
The industry participants are extensively focusing on quality, innovation in technology & product to enhance their industry footprint. Furthermore, the time frame to devise strategic actions to meet these challenges has reduced. Hence those market players who are extremely susceptible to the volatility in the market and are swift in developing strategies to counteract these challenges and sustain in the market.