The dietary fibers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Dietary Fibers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The dietary fibers market size has grown rapidly in recent years. It will grow from $9.05 billion in 2023 to $10.05 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to functional health benefits, growing demand for weight management solutions, evolving food labeling and regulations, shift in dietary preferences, food industry innovations.
The dietary fibers market size is expected to see rapid growth in the next few years. It will grow to $15.71 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to increasing awareness of digestive health, regulatory focus on labeling and health claims, continued shift in dietary preferences, demand for natural and organic foods. Major trends in the forecast period include government health campaigns and regulations, functional beverages and snacks, innovative digestive health products, plant-based and vegan diets, clean label movement.
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Scope Of Dietary Fibers Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Dietary Fibers Market Overview
Market Drivers –
Increased demand for functional food is expected to propel the growth of the dietary fiber market going forward. Functional foods are frequently chosen because they provide numerous health benefits and are healthy. When dietary fiber is utilized as a supplement to meals, it is regarded as a functional food since it adds a specific function to the food in addition to the typical anticipated function. For instance, according to the Institute of Food Technologists (IFT), a US-based non-profit scientific society, the sales of functional foods and beverages in the United States reached $83 billion in 2021, a 6.8% increase over 2020. Therefore, increased demand for functional food is driving the growth of the dietary fiber market.
Market Trends –
Product innovation is a key trend gaining popularity in the dietary fibers market. Major companies operating in the dietary fibers market are focused on developing new products to strengthen their position. For instance, in April 2021, DuPont de Nemours Inc., a US-based chemicals and science-based products company introduced Lactase Nurica which generates GOS fiber and lactose-free dairy products in China, to help them meet their daily fiber requirements and to enhance overall gut health and digestibility. Nurica is a novel enzymatic solution that allows manufacturers to naturally synthesize dietary fibers in the form of GalactoOligoSaccharides (GOS) in situ by converting lactose found in dairy products. The unique features of Nurica include high fiber, reduced sugar, and low or no lactose while maintaining quality and profitability.
The dietary fibers market covered in this report is segmented –
1) By Product: Soluble dietary fibers, Insoluble dietary fibers
2) By Raw Material: Fruits and Vegetables, Cereals and Grains, Legumes, Nuts and Seeds
3) By Application: Food and Beverage, Pharmaceuticals, Animal Feed, Other Applications
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Regional Insights –
North America was the largest region in the dietary fibers market in 2023. The regions covered in the dietary fibers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the dietary fibers market report are The Archer-Daniels-Midland Company, Lonza Group AG, Roquette, The Emsland Group, Cargill Incorporated, DuPont de Nemours Inc., Kerry Inc., The Green Labs LLC, Nexira, Ingredion Incorporated, Tate & Lyle PLC, Farbest Brands, AGT Food and Ingredients, Batory Foods Inc., Koninklijke DSM N.V., The Hain Celestial Group Inc., Dole Food Company Inc., Dairy Farmers of America Inc., Grain Millers Inc., PURIS, Taiyo International, Grain Processing Corporation, Fiberstar Inc., KFSU Ltd., Solvaira Specialties Inc., SunOpta Inc., Tereos S A, Unipektin Ingredients AG, Cosucra Groupe Warcoing SA, SENSUS Inc.
Table of Contents
1. Executive Summary
2. Dietary Fibers Market Report Structure
3. Dietary Fibers Market Trends And Strategies
4. Dietary Fibers Market – Macro Economic Scenario
5. Dietary Fibers Market Size And Growth
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27. Dietary Fibers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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