Global Food Fiber Market Size By Type (Soluble Fibers, Insoluble Fibers), By Application (Bakery and Confectionery, Beverages), By Geographic Scope And Forecast
Report ID: 30206|No. of Pages: 202
Global Food Fiber Market Size By Type (Soluble Fibers, Insoluble Fibers), By Application (Bakery and Confectionery, Beverages), By Geographic Scope And Forecast
Food Fiber Market Size And Forecast
Food Fiber Market size was valued at USD 5.95 Billion in 2021 and is projected to reach USD 8.79 Billion by 2030, growing at a CAGR of 5.80% from 2023 to 2030.
The major factors driving the market of food fibers are increased demand for dietary supplements and functional food and beverage products, rising awareness about the health benefits of food fibers, changing lifestyle of consumers impacts eating habits, and rising disposable income. The Global Food Fiber Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Food Fiber Market Definition
Food fibers are a set of selected compounds that are derived from plant-based foods and they help keep the risk of heart diseases, stroke, and diabetes low as well as help in improving the health of the skin and reducing weight. The Food fibers can’t be easily broken down and hence pass through the human body indigested, keeping the digestive system clean and healthy, easing bowel movements, and flushing cholesterol and harmful carcinogens out of the body. They come in two forms Soluble and insoluble.
Research states that more than half of consumers worldwide are now trying to increase the fiber intake in their food. This has prompted manufacturers to fortify the higher-value products, like crisps, puffs, and flakes, along with dietary fibers. Key players are increasingly preferring fibers from various sources, such as chicory root, asparagus, carrots, Jerusalem artichoke, jicama, leeks, and whole grains, to develop fortified food products with high-fiber content and fiber-based supplements categorized under the functional food industry.
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Global Food Fiber Market Overview
The awareness regarding the health benefits of food fibers has regulated and increased the consumption of food fibers in past few years. A few of the major factors driving the market of food fibers are increased demand for dietary supplements and functional food and beverage products, rising awareness about the health benefits of food fibers, changing lifestyle of consumers’ impacts eating habits, and rising disposable income. Food fiber is extremely helpful in providing health benefits like controlling cholesterol and sugar levels, reducing the risk of heart diseases, normalized bowel movements,s and reducing hypertension and obesity.
Higher intakes of dietary fiber are linked to less cardiovascular disease. The incorporation of food fibers in various processed foods is anticipated to be a major opportunity for the Food Fiber Market. The growing popularity of prebiotics is expected to positively impact the market demand for food fibers, especially soluble ones. Fiber also plays a role in gut health as well as linked to lower body weights, further uplifting the market studied. There are several advantages of food fibers, that have a profound impact on the growth of the global Food Fiber Market. They improve insulin sensitivity which is beneficial for patients suffering from diabetes. Also, consumption of food fibers helps in controlling duodenal ulcers, gastrophaegal reflux disease, constipation as well as hemorrhoids.
Furthermore, changing the lifestyle of consumers impacts eating habits, which calls for food fiber intake owing to increased awareness. This is backed up by a rise in the disposable income of people worldwide, which has further triggered the consumption of food fibers, contributing to the growth of the global Food Fiber Market. COVID-19 has already had a global effect, with significant economic implications across all regions and markets. However, the functional ingredient market as fibers has unprecedently hiked post-COVID hitting the general population health. This is primarily attributed to consumers increasingly relying on value-added food to supplement their immune systems.
Global Food Fiber Market: Segmentation Analysis
The Global Food Fiber Market is segmented on the basis of Type, Application, and Geography.
Food Fiber Market, By Type
- Soluble Fibers
- Insoluble Fibers
Based on Type, The market is bifurcated into Soluble Fibers and Insoluble Fibers. Although the sales of soluble fiber will register a relatively lower CAGR through 2022, it is expected to dominate the global Food Fiber Market in terms of revenues. However, this segment is expected to witness a decline in its market share over the forecast period. The Insulin segment has a comparatively higher market share than all other product segments, except for the soluble corn fiber. However, sales of insulin will expand steadily over the course of the prediction period. Being the second-highest market share sector, insulin may prove to be a far more profitable investment in the years to come.
Food Fiber Market, By Application
- Dairy
- Meat, Poultry, and Seafood
- Bakery and Confectionery
- Beverages
- RTE Products
Based on Application, The market is bifurcated into Dairy, Meat, Poultry, and Seafood, Bakery and Confectionery, Beverages, and RTE Products. The bakery and confectionery segment is expected to register the highest CAGR through 2022. The segment not only outruns other segments in terms of sales expansion but is also expected to dominate the global market with a high market share by 2022 end.
Food Fiber Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of Geography, The Global Food Fiber Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The UK Food Standards Agency (FSA) has approved the labeling of inulin as a fiber using an AOAC international standard. Due to a recent development, inulin and oligofructose can now be marketed as dietary fibers in the UK. The following advantages are now listed on ingredient labels by manufacturers: rich in fiber, fibers added and enhanced with fiber. The typical Western diet, which includes insufficient amounts of wholegrain cereals, legumes, fruits, and vegetables, has replaced Europe’s traditional diet practices.
Key Players
The “Global Food Fiber Market” study report will provide useful insight with an emphasis on the global market. The major players in the market are Cargill Incorporated, Roquette Freres SA, Du Pont, Kerry Group PLC, Tate & Lyle PLC, Ingredion Incorporated, Archer Daniels Midland Company, Sudzucker AG, SunOpta Corporation, and Grain Processing Corporation. The competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the aforementioned competitors internationally.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2018-2030 |
| BASE YEAR | 2021 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2018-2020 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Cargill Incorporated, Du Pont, Roquette Freres SA, Kerry Group PLC, Tate & Lyle PLC, Archer Daniels Midland Company, Ingredion Incorporated. |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Industry Analysis Matrix
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