As per the report published by The Brainy Insights, the global dietary fibers market is projected to grow from USD 7.86 billion in 2021 to USD 19.08 billion by 2030, at a CAGR of 10.36% during the forecast period 2022-2030. North America region emerged as the largest market for the global dietary fibers industry, with a 45.42% share of the market revenue in 2021. The desire for a healthy and active lifestyle among the population propels the market’s growth in this region. Additionally, the growing chronic diseases and demand for functional foods help to drive market growth in this region. In addition, the Asia Pacific region is expected to show the fastest CAGR growth over the projection period due to technological advancements in different manufacturing industries.
Dietary Fibers Market Size by Application, Source, Type , Regions, Global Industry Report, Share, Growth, Trends, and Forecast 2022 to 2030
Leading companies in the industry include ADM, BENEO, Cargill, Incorporated, Lonza, Ingredion Incorporated, DuPont, Emsland Group, Puris, Roquette Frères, The Green Labs LLC, J. RETTENMAIER & SÖHNE GmbH + Co KG, Nexira, Kerry Inc., Taiyo International, Tate & Lyle, AGT Food and Ingredients, Farbest Brands, Batory Foods, and among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to get market share.
The application segment of dietary fibers market is divided into pharmaceuticals, food & beverages, nutrition, feed, and others. The food & beverages segment led the market with a market share of 25.28% in 2021. This growth is attributed to the growing population and product innovations. The source segment of dietary fibers market is divided into cereals & grains, fruits & vegetables, nuts & seeds, and legumes. The cereals & grains segment led the market with a market share of 30.12% in 2021. This growth is attributed to the increasing consumption of processed food products. The type segment of dietary fibers market is divided into insoluble and soluble. The insoluble segment led the market with a market share of 56.17% in 2021. This growth is attributed to rising customer awareness through government health programs. Further, by 2030, the soluble segment of dietary fibers market will likely dominate the market due to the increasing demand for fiber supplements.
The higher disposable income and increasing utilization of dietary fibers across different industries propel the dietary fibers market’s growth. Further, the growing customer awareness regarding health maintenance is helping to stimulate the growth of the dietary fibers market. In addition, rising customer preference for natural food ingredients and a surge in the food & beverages sector are also boosting the market growth.