By 2027, Global Dietary Fiber Market Will Generate US$12.3 Billion In Revenue, Says MarketsandMarkets™
Increasing applications in the form of fortified snacks, dairy products and meat products to create opportunities in the dietary fiber market
CHICAGO, Jan. 25, 2023 (GLOBE NEWSWIRE) — Global dietary fiber market The project size is estimated at US$6.8 billion in 2022. It is expected to reach US$12.3 billion by 2027, registering a compound annual growth rate of 12.6% during the forecast period. According to a 2021 National Institutes of Health study, 20 million Americans suffer from chronic digestive diseases. Gastrointestinal diseases are the third most expensive in terms of total economic cost in the United States. Furthermore, the Harvard School of Public Health recommends that adults and children need at least 20-30 grams of dietary fiber per day. In addition, eating fiber reduces the risk of a variety of diseases, including heart disease, diverticulosis, constipation and diabetes. The above factors are expected to increase the demand for dietary fiber.
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The rising prevalence of diabetes and obesity is one of the major drivers for the growth of the dietary fiber market. According to the International Diabetes Foundation (2021), around 537 million adults (20-79 years old) worldwide suffer from diabetes. According to the report, the total number of people with diabetes worldwide is expected to increase to 643 million by 2030 and 783 million by 2045. Moreover, according to data from the World Obesity Federation (2022), 1 billion people worldwide , including one in five women and one in seven males will be obese by 2030. Diabetes and obesity are problems caused by high blood sugar and body fat levels. Doctors and health professionals recommend dietary fiber in its natural forms or as a supplement for weight control and proper digestion of the meal eaten due to the high levels of fat and blood sugar. Dietary fiber reduces the risk of constipation and improves the absorption of nutrients into the body. In addition, dietary fiber helps regulate blood sugar levels in the body, which leads to physical complications such as obesity and diabetes, and this is expected to increase the demand for dietary fiber throughout the forecast period.
High consumer demand for scientifically proven healthy foods and nutritional supplements, particularly in developed economies, presents opportunities for dietary fiber manufacturers. Beneo (Germany), ADM (USA), Cargill Incorporated (USA), Dupont Nutrition and Bioscience (USA) and Ingredion Incorporated (USA) are the key players in the dietary fiber market.
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It is estimated that the dietary fiber market is dominated by the grains and cereals segment, with the largest share reaching around 37.5% in 2021.
Wheat, oats, soybeans, barley and rice contain a large number of Dietary fiber. Dietary fiber is an integral part of a balanced diet. Dietary fiber improves gut health while providing the nutrition and energy required to absorb probiotics. However, dietary fiber is not digestible in the intestines, which enhances the absorption of water in the intestines. This increases the volume of food, increases the feeling of satiety, and aids in weight loss. Therefore, it has been observed that consumers who follow a weight loss diet prefer to have dietary fiber as part of their meals. This may lead to an increase in the demand for dietary fiber supplements, which in turn is expected to boost the growth of the dietary fiber market in the next two years. Eating whole grains also adds health benefits and reduces the risk of cardiovascular disease.
North America accounted for the largest share of about 34.4% in the dietary fiber market in 2021.
According to the Food and Agriculture Organization, dietary fiber reaches the large intestine and is fermented by the colonic microflora, producing short-chain fatty acids (SCFA), hydrogen, carbon dioxide, and biomass. Therefore, it has been incorporated into the diets of North American consumers. The North American dietary fiber market is expected to grow in the coming years mainly due to increasing health awareness among consumers, demand for fiber supplements, and changing lifestyles. Moreover, the demand for high-fiber snack products from US consumers along with the rising elderly population has well supported the growth of the North American dietary fiber market.
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