According to Inkwood Research, the Global Dietary Fibers Market is expected to project a CAGR of 8.62% in terms of revenue and 8.58% in terms of volume during the forecasted years of 2023-2032.
“Browse 137 Market Data Tables and 116 Figures spread over 247 Pages, along with an in-depth TOC on the Global Dietary Fibers Market Forecast 2023-2032.”
Dietary fibers are mainly found in legumes, whole grains, vegetables, and fruits. Foods with dietary fibers can offer health benefits like healthy weight maintenance and minimizing diabetes risks, heart disease, and certain cancer types. They include the parts of plant foods the body is unable to absorb or digest. However, it passes relatively intact through the colon, small intestine, and stomach.
Rising Preference for Nutraceutical Products propels Market Growth
The Nutraceutical industry encompasses a thriving sector with lucrative opportunities to integrate scientific discovery and rising consumer interest in health-enhancing foods. It monitors consumer relationships and patterns with mass distributors. Therefore, the products developed in this sector are a response to direct demand. Nutraceuticals are swiftly replacing pharmaceuticals with regard to preventing chronic and acute health problems. Also, nutraceuticals have varied health benefits alongside their basic nutritional value.
Further, the high costs of prescription pharmaceuticals and the reluctance of insurance companies to cover drug costs aid the nutraceutical industry in establishing a strong foothold in the global market. In addition, the growing hospitalization expenses have resulted in facilitating consumers’ inclination toward health supplements and nutraceuticals. Moreover, food processing is a flourishing industry, attributed to the raw material availability and mutually beneficial relationship between the related supply chain, food retail, and food processing organizations. Such factors are projected to propel the global dietary fibers market growth.
Beta-Glucan is the Fastest-Growing Soluble Dietary Fiber in terms of Volume
Beta-Glucan is a specific form of soluble dietary fiber found in the cell walls of certain types of plants, algae, yeasts, bacteria, fungi, etc. It has been studied widely for its ability to improve blood sugar management, decrease inflammation, and lower cholesterol levels. The shifting demand from processed to functional, healthy, and superfoods and the growing health consciousness among consumers offer growth opportunities for the segment.
In this regard, consumers are increasingly aware of the food ingredients and nutrition labels. Such developments have led to manufacturers offering food products that are sourced naturally, functional, and not genetically modified. Additionally, they are redesigning products and are working toward the sodium content, fats, sugar, and cholesterol of the food. Besides, they are transitioning from artificial ingredients to products high in proteins and fibers. Such aspects enable growth prospects for the beta-glucan segment.
North America: Highest CAGR in terms of Volume & Revenue
The market growth is attributed to the surging consumer demand for healthy fibrous food products. Also, there is a major disposition toward whole-grain foods as a fiber source in the region. Besides, there is rising consumer awareness about the health benefits of different soluble dietary fibers, including beta-glucan, polydextrose, pectin, and inulin, and their significance in regulating blood sugar levels, enhancing immunity, and offering digestive support. Such factors contribute to market growth.
The market rivalry is defined by increased investments in research & development and technological advancements to raise product functionality. Some of the leading market players are Tate & Lyle, Cargill Incorporated, The Green Labs LLC, Roquette Freres, etc.