Dietary Fiber Manufacturers Set to Gain from Rising Consumption of Functional and Plant-based Products: Fact.MR Report
Dietary Fiber Manufacturers Set to Gain from Rising Consumption of Functional and Plant-based Products: Fact.MR Report
As per a recently updated research report compiled by Fact.MR, a market research and competitive intelligence provider, the global Dietary Fiber Market is projected to reach a size of US$ 8.43 billion in 2024. Revenue from the sales of dietary fibers has been forecasted to climb at a CAGR of 7.4% from 2024 to 2034.
The increasing population of health-conscious people across the world is stimulating the demand for functional and plant-based food products, which, in turn, has resulted in the rising consumption of dietary fibers. More investments by companies in sports nutrition and healthy materials have indirectly benefitted dietary fiber manufacturers. Increasing recognition of lignin as one of the key valuable components present in some dietary fibers in fruits such as peaches, strawberries, and others, for its gas barrier properties, contributing to increased demand.
The rising demand for insoluble dietary fibers is attributed to constantly changing dietary patterns and increasing consumption of functional food products. Rice, wheat, corn, oats, legumes, potatoes, and peas are some of the popular sources for extracting these dietary fibers. Their assistance in preventing several health issues such as hyperglycemia, high cholesterol, obesity, and constipation is creating higher prospects for market players.
Dietary Fiber Industry News & Trends:
Cargill, Inc. is dedicated to providing food, agricultural solutions, and ingredients to feed the globe in a responsible, safe, and sustainable manner. The business and John Deere announced their partnership in July 2023. This partnership intends to simplify the digital and in-field experience for farmers who choose to take part in the Cargill RegenConnect program and use John Deere technology. In addition to coordinating information flow, both businesses will seek to assist farmers in implementing and utilizing precision technologies.
Air Protein, a leader in air-based nutritious protein, and Archer Daniels Midland Company signed a strategic partnership in May 2023. This partnership intends to cooperate on research and development projects and provide novel protein solutions enhanced with nutritional value.
Key Takeaway from Dietary Fiber Market Study:
“Companies invest in R&D activities to offer customized dietary fibers for use in meal plans, matching the requirements of different consumers,”says Fact.MR analyst.
High Consumption of Dietary Fibers in the United States
Demand for dietary fibers in the United States is analyzed to increase at a CAGR of 7.8% and reach a market value of US$ 1.91 billion by 2034-end. High availability of several types of cereals & grains, such as whole wheat, rye, corn, popcorn, barley, buckwheat, bulgur, wild rice, millet, and triticale, which is widening the opportunities for market players. Growing consumption of vegetables & fruits is positively impacting the sales of dietary fiber due to increasing health issues such as high cholesterol, cancer, and obesity.
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Key Market Players:
BENEO, Archer Daniels Midland Company (ADM), The Green Labs LLC, Lonza, DuPont de Nemours, Inc., Kerry Inc., Cargill, Incorporated, Emsland Group, Batory Foods, Tate & Lyle, Ingredion Incorporated, PURIS, and Roquette Freres are some of the leading manufacturers of dietary fibers.
More Valuable Insightson Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the dietary fibermarket, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on type (insoluble [cellulose, hemicellulose, chitin & chitosan, lignin, oat bran, wheat fiber, others], soluble [inulin, pectin, beta-glucan, corn fibers, others]), source (fruits & vegetables, legumes, cereals & grains), and application (food & beverages, pharmaceuticals, animal feed, others), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).
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Dietary fiber is a type of carbohydrate that the body cannot digest. It helps regulate the body’s use of sugars, helping to keep hunger and blood sugar in check.
CAGR stands for Compound Annual Growth Rate. It represents the mean annual growth rate of an investment over a specified time period longer than one year.
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