The Dietary Fibers Market was valued at USD 5.3 billion in 2020 and is projected to reach USD 9.6 billion by 2025, recording a CAGR of 12.5% during the forecast period. The demand for dietary fibers is increasing significantly, as it is being used across various applications in the food & beverage industry.
Key players in this market include Beneo (Germany), Nexira (France), DuPont (US), Cargill (US), Kerry Group (Ireland), Tate & Lyle (UK), ADM (US), Lonza (Switzerland), Roquette Frères (France), AGT Food & Ingredients (India), Ingredion (US), PURIS (US), The Green Labs LLC (US), A&B Ingredients (US), and Nutri-Pea Ltd. (Canada).
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Beneo (Germany) has its presence across more than 80 countries globally. The company has one of its production locations in Germany, two in Belgium, one in Italy, and one in Chile. Beneo produces various products in functional food ingredients such as dietary fibers, sugar substitutes, new sugar, rice starches/flours, and functionalized wheat protein. It is catering to the upcoming demand of various innovative in the dietary fibers market such as Chicory root fiber, by expanding its facilities in the developing markets such as Chile.
Cargill (US) is involved in manufacturing and delivering diversified food, agricultural, financial, and industrial products. The company operates through five major business segments, namely, agriculture, food & beverages, animal nutrition, industry products, and financial services. The company is operating across 70 different countries worldwide, with its customer base spanning industries such as food, pharmaceuticals, cosmetics, and nutraceuticals, in more than 125 countries. Cargill is constantly investing in research & development to broaden its portfolio to meet the end-user demand. It has recently invested in Europe to expand its portfolio and add soluble fibers to its broad portfolio of starches, sweeteners, and texturizers.
The North American region dominates the dietary fibers market with a share of 34.4% in 2019, whereas Asia Pacific is to witness the highest growth rate.
The North American dietary fibers market is projected to witness growth with the rising demand for fiber supplements due to an increase in health awareness and a high surge in the exports to other countries. In addition to this, it is the innovation in the fiber supplements market, such as a fiber supplement products that are offered in multiple flavors and combinations (such as cinnamon oatmeal raisin and cranberry lemon drizzle), that aids in lowering the cholesterol levels and promotes better heart health. Moreover, according to the FAO, dietary fiber reaches the large intestine and is fermented by the colonic microflora, with the production of short-chain fatty acids (SCFA), hydrogen, carbon dioxide, and biomass.
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