The global dietary fibers market, valued at USD 6.8 billion in 2022, is anticipated to reach USD 12.3 billion by 2027, with a compound annual growth rate (CAGR) of 12.6% during the forecast period. This growth is primarily attributed to the increasing intake of dietary fiber supplements to address nutritional needs. With an aging population, a rise in lifestyle-related diseases, and escalating healthcare costs, there is a soaring demand for these supplements. Consumers are gravitating towards dietary supplements to bolster their health and fulfill their basic nutritional requirements, thus propelling market expansion.
The increasing demand for functional foods is expected to be a significant driving force behind the growth of the global dietary fibers market. Consumers are becoming more health-conscious and are actively seeking out products that offer additional health benefits beyond basic nutrition.
Functional foods, which are fortified with ingredients like dietary fibers, are gaining popularity due to their potential to promote digestive health, weight management, and overall well-being. As a result, there is a growing market for dietary fibers as food manufacturers incorporate them into various products such as cereals, snacks, beverages, and supplements.
Unleashing the Power of Dietary Fiber: A Look at Market Trends
Dietary fibers are known for their ability to aid in digestion, regulate blood sugar levels, and promote satiety, making them a desirable ingredient in functional foods. Moreover, research continues to uncover additional health benefits associated with dietary fiber consumption, further driving demand for these products.
Additionally, as consumers become more informed about the importance of a balanced diet and its impact on long-term health, they are actively seeking out products that offer functional benefits. This trend is expected to fuel the growth of the global dietary fibers market as manufacturers respond to consumer preferences by developing innovative products that meet their needs.
Overall, the growing demand for functional foods, coupled with increasing awareness of the health benefits of dietary fibers, is projected to drive significant growth in the global dietary fibers market in the coming years.
North America is expected to dominate the dietary fibers market, boasting the highest market share. This region is witnessing a surge in demand for fortified food and beverages, spanning dairy products, meat items, bakery goods, and snacks, particularly in the United States, Mexico, and Canada. Economic growth and urbanization have spurred significant shifts in dietary preferences and lifestyle habits across North America.
Moreover, the rising interest in Greek yogurt, confectionery items, and health beverages is poised to drive further market growth during the forecast period. Notably, more than half of US consumers prioritize high fiber content when selecting healthy snacks, indicating a favorable market landscape. A Mintel report revealed that 86% of US consumers have either experimented with or are open to trying high-fiber foods and beverages for digestive relief. Furthermore, the region’s substantial elderly population presents lucrative opportunities for functional and fortified food and beverage applications.
Several key players dominate the dietary fibers market, including Beneo (Germany), ADM (US), Tereos (France), Cargill (US), Dupont (US), Roquette Frères (France), Ingredion Incorporated (US), Kerry Group PLC (Ireland), The Green Labs LLC (US), Nexira (France), Tate & Lyle (UK), Nutri Pea Ltd (Canada), Herbafood Ingredients GmbH (Germany), Scoular (US), and Baolingbao Biology Co Ltd. (China). These companies are actively expanding their presence through agreements and collaborations, leveraging their strong foothold in North America, Asia Pacific, and Europe. Additionally, they boast extensive manufacturing facilities and robust distribution networks across these regions.
