Global Dietary Fibres Market: Increasing health consciousness will aid in growth of dietary fibres market.

Published Date: 05/05/2021

The global dietary fibres market size was valued at USD 4.9 billion in 2020 and is expected to reach USD 11.3 billion by 2027 at a compound annual growth rate (CAGR) of 12.7% from 2020 to 2027. Ascending product demand owing to the rising consumer awareness regarding the intake of a healthy diet and leading an active lifestyle is expected to drive the market growth over the upcoming years. Growing health consciousness due to increased cases of heart diseases, cancer, and diabetes has resulted in consumers preferring fibres -based food products with added health benefits. This is also estimated to fuel market growth. As per the research conducted by the National Institutes of Health, over 60 to 70 million Americans suffer from distinguished digestive health problems. Moreover, as per the Harvard School of Public Health, adults and children require at least 20 to 30 grams of dietary fibres per day. Moreover, the consumption of dietary fibres s lowers the risk of developing various health diseases, such as diabetes, heart disease, Diverticular disease, and constipation.

Therefore, high demand for foods rich in fibres, prebiotics, and probiotics in the U.S. will play a key role in driving the market. Many leading food and beverage brands in the country, such as Nestlé, Kellogg Co., NOW Foods, Fibres One, NuGo Nutrition, and Procter & Gamble, are offering various functional foods & beverages to benefit from shifting consumer demand and preference for dietary fibres -based products.

Cereals & grains segment led the market and accounted for more than 48.0% share of the global revenue in 2020. Intake of these fibres s reduces the risk of cardiovascular diseases, such as stroke and coronary heart disease. Moreover, fibres s found in oats, flaxseeds, beans, and oat bran help in reducing low-density lipoprotein, thereby reducing the total blood cholesterol levels.

Soluble dietary fibres s led the market in 2020 and accounted for more than a 56.0% share of the global volume. Soluble dietary fibres s for both animal and human consumption are sourced from fruits & vegetables, nuts & seeds, and cereals & whole grains. Fibres s, such as fructooligosaccharide (FOS) and inulin, obtained from vegetables, aids in regulating the function of the intestines; whereas pectin, obtained from fruits, such as pears and apples, improves acid reflux problems and promotes gut health.

The food & beverage application segment led the market and accounted for more than 44% share of the global revenue in 2020. Consumers’ confidence in the health benefits associated with dietary fibres s is one of the key factors augmenting the demand for the product. Furthermore, the growing consumption of healthy and functional food products is projected to drive the market over the next few years.

The dietary fibres market is segmented on the basis of raw materials, product outlook, application and region. On the basis of raw materials, the market is segmented into Fruits & Vegetables, Cereals & Grains, Legumes, and Nuts & Seeds. On the basis of product outlook, the market is segmented into Soluble Dietary Fibres s, Insoluble Dietary Fibres s. On the basis of application, the market is segmented into Food & Beverages, Pharmaceuticals, Animal Feed, Others.

Asia Pacific led the market in 2020 and accounted for over 39% share of the global revenue in 2020. Countries, such as China, Japan, and Indonesia, are projected to be the leading producers of foods and beverages over the next few years. Promising trends in the food & beverage industry in the Asia Pacific is estimated to spur the product demand over the forecast period.

Rising health awareness among people coupled with the increasing number of fitness clubs in India is predicted to drive the market over the next few years. Additionally, Enactment of the National Food Security Act by the Indian government has played a key role in changing dietary patterns. The increase in purchasing power parity of consumers is expected to boost the demand for healthy and functional foods rich in fibres content.

Key players are: BENEO; ADM; Lonza; Cargill, Incorporated; DuPont; Ingredion Incorporated; Roquette Frères; Puris; Emsland Group; Kerry Inc.; The Green Labs LLC; Nexira; Tate & Lyle; Farbest Brands; J. RETTENMAIER & SÖHNE GmbH + Co KG; Taiyo International; AGT Food and Ingredients; Batory Foods.