Dietary Fibers Market, By Source ((Cereals & Grains (Wheat, Rice, Bran, and Others) Fruits & Vegetables (Apples, Others), and Others)), By Type ((Soluble Dietary Fibers (Inulin, Polydextrose, Pectin, Beta-Glucan, and Others), (Insoluble Dietary Fibers (Cellulose, Hemicellulose, Chitosan, Chitin, Lignin, Resistant Starch, and Others)), By Application (Functional Foods & Beverages, Animal Feed, Pet Foods, Pharmaceuticals), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 7.89 Bn in 2023 and is expected to exhibit a compound annual growth rate (CAGR) of 9.1% during the forecast period (2024-2031), as highlighted in a new report published by Coherent Market Insights.
Dietary fibers are fibers that are present in food and can be derived from various sources such as animals and plants. It has high nutritional value and is mostly found in edible plants such as vegetables, fruits, lentils, grains, nuts, and dried peas. The consumption of dietary fibers reduces the risk of various chronic disease and also helps in maintaining the cholesterol level in the blood.
Global Dietary Fibers Market– Impact of Coronavirus (COVID-19) Pandemic
Global dietary fibers market has experienced a marginal impact from the COVID-19 pandemic. The pandemic has led to an increased demand for dietary fiber products, as consumers began to incorporate dietary fibers into their daily diets, thereby influencing the overall market growth. The pandemic has also led to an increased demand for dietary supplements, including those containing dietary fibers, as consumers became more health-conscious and sought out products that provide health benefits. Globally, till September 24, 2021, there were 230,418,451 confirmed cases of COVID-19, including 4,724,876 deaths, according to the reports provided by the World Health Organization (WHO). Till September 23, 2021, a total of 5,874,934,542 vaccine doses were administered. The emergence of COVID-19 has increased the consumption of high fiber diet. For instance, in April 2021, according to an article published by the journal 'Gut Microbes', a high fiber diet could help control the inflammatory responses that are associated with COVID-19. The pandemic led to a shift in food consumption patterns, with a growing interest in fiber-rich foods and supplements. The soluble fiber segment, which is associated with various health benefits, saw a significant increase in demand. The insoluble fiber segment also experienced growth due to its role in promoting digestive health. However, the consumption of fruits, vegetables, lean proteins, and dairy decreased, while the consumption of unhealthy foods containing fat, sugar, and salt increased.
Market: Key Developments
- In September 2021, Cargill Animal Nutrition declared its desire to form a strategic relationship with Fuite, a family-owned animal nutrition company based in Hasselt, Netherlands, to establish a state-of-the-art premix, concentrate, and young animal nutrition production plant. Cargill Animal Nutrition offers a wide range of animal feed and nutrition solutions, drawing on over 120 years of experience in the field.
- In May 2021, the award-winning PROMITOR Soluble Fiber portfolio from Tate & Lyle expanded. PROMITOR Soluble Fiber W and PROMITOR Soluble Fiber 90L are two new liquid variants of PROMITOR that was launched as part of the expansion.
Browse 24 Market Data Tables and 28 Figures spread through 150 Pages and in-depth TOC on “Global Dietary Fibers Market”- Forecast to 2031, Global Dietary Fibers Market, By Source ((Cereals & Grains (Wheat, Rice, Bran, and Others) Fruits & Vegetables (Apples, Others), and Others)), By Type (Soluble Dietary Fibers (Inulin, Polydextrose, Pectin, Beta-Glucan, and Others), Insoluble Dietary Fibers (Cellulose, Hemicellulose, Chitosan, Chitin, Lignin, Resistant Starch, and Others)), By Application (Functional Foods & Beverages, Animal Feed, Pet Foods, Pharmaceuticals), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).
Link: https://www.coherentmarketinsights.com/market-insight/dietary-fibers-market-815
Key Takeaways of this Market:
- Global dietary fibers market was valued at US$ 7.89 Bn in 2023 and is forecast to reach a value of US$ 15.84 Bn by 2031, exhibiting a CAGR of 9.1% between 2024 and 2031
