The Food Fibers Market is forecasted to be valued at USD 87.87 billion by registering an estimated CAGR of 9.02%, during the forecast period.
- The major sources of food fiber are whole grains, cereals, legumes, fruits, and vegetables.
- The incorporation of plant fibers into various processed foods is a major opportunity for the food fiber market.
- The food fibers market is driven by an increased demand for dietary supplements and functional food and beverage products.
- Cargill Incorporated, Archer Daniels Midland Company, Kerry Inc., DuPont, and Tate and Lyle, among others are few of the major players operating in the food fiber market.
Scope of the Report
The food fibers market is segmented by type into soluble fibers and insoluble fibers; by application into bakery and confectionery, dairy, meat, poultry and seafood, beverages, and ready-to-eat products. The soluble fibers segment is further divided into inulin, pectin, polydextrose, beta-glucan, and other soluble fibers.
Key Market Trends
Increase in Preference for Fiber Fortification and Supplementation
Research states that more than half of the consumers worldwide are now trying to increase the fiber intake in their food. This has prompted manufacturers to fortify higher-value products, like crisps, puffs, and flakes, along with dietary fibers. Key players are increasingly preferring fibers from various sources, such as chicory root, asparagus, carrots, Jerusalem artichoke, jicama, leeks, and whole grains, to develop fortified food products with high-fiber content and fiber-based supplements categorized under the functional food industry. The prebiotic supplement movement is gaining traction. Owing to this, functional-food manufacturers, like General Mills, Quaker Oats, and Pfizer, are primarily including prebiotic ingredients in their product portfolios. The companies, such as BENEO GmbH, have embarked on utilizing chicory root in their new formulations for 2018. Fibers, like chicory roots, are now used in beverages, like tea and coffee to shelf-stable snacks and wellness bars.
Europe Remains the Fastest Growing Region in Food Fiber Market
Europe is the fastest growing region in food fiber market. The increasing awareness regarding the consumption of food fibers and the health benefits of the fibers are main factors supporting the growth of the market in the region. This has led to the increasing transition from consuming traditional foods to high fiber foods. The European food fibers market is also driven by increased demand for dietary supplements and functional food and beverage products. The UK Food Standards Agency (FSA) has adopted an AOAC international method to authorize the labelling of inulin as a fiber. This recent development allows manufacturers to label inulin and oligofructose as dietary fibers in the United Kingdom. Manufacturers now claim the following benefits on the ingredient label - enriched with fiber, fibers added, rich in fiber. The current dietary habits in Europe have shifted from traditional food to average Western diets, with too little wholegrain cereals, legumes, fruits, and vegetables.
The food fiber market is competitive with the presence of various major players as well as local players competing to gain the market share. Key players are trying to expand their market by strengthening their distribution channels, acquiring small companies, developing new products, and expanding their geographical presence. Cargill Incorporated, Archer Daniels Midland Company, Kerry Inc., DuPont, and Tate & Lyle are the major players operating in the food fiber market.
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