Current estimates place the global dietary fibres market at $7.27 billion by 2022. The global market for dietary fibres is anticipated to grow at a CAGR of 7.4% from 2022 to 2032 and reach a value of US$ 14.9 Bn by that year.
According to a thorough industry analysis conducted by Persistence Market Research, sales of dietary fibre currently make up 10% to 15% of the market value for plant-based foods worldwide.
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Dietary fibre demand is rising as a result of technological developments in a number of manufacturing-related businesses as well as increased use of dietary fibres in other sectors. The growing popularity of plant-based diets is also anticipated to increase demand for dietary fibres in the food and beverage industry in nations like China, the U.K., Italy, the U.S., and others.
Over the forecast period of 2022 to 2032, it is anticipated that the global market for dietary fibres will grow at a strong CAGR of 7.4%.
Gluten-free diets are becoming increasingly popular among consumers due to the claims of improved health, higher energy, and weight loss. As there is an increasing number of people sensitive to gluten-containing foods such as wheat and other grains, demand growth of dietary fibers will be hampered.
Another restrain that might hamper market growth of dietary fibers is various diseases associated with the consumption of gluten, such as infertility, celiac, and neurological disorder. With increasing prevalence of celiac disease, consumption of gluten-free food products is rising, and might hinder growth of the dietary fibers market.
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Country-wise Insights
Which is the Leading Market for Dietary Fibers in Europe?
The Italy dietary fibers market is expected to expand at a CAGR of 7.5% during the forecast period (2022-2032) and reach a market valuation of around US$ 393.2 Mn by 2032. Italy is seeing growing demand for dietary fibers that will boost the product market.
Which Country is Showing Promising Growth in North America?
In the North America dietary fibers market, Canada is showing promising growth for the forecast period and is anticipated to register a significant CAGR of 7.3%. Canada holds a market share of around 18.1% and is currently valued at US$ 291.6 Mn in 2022.
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Dietary Fiber Industry Research Categorization
Dietary Fibers Market by Type:
- Soluble Dietary Fibers
- Insoluble Dietary Fibers
Dietary Fibers Market by Source:
- Fruits & Vegetables
- Legumes
- Cereals & Grains
- Wheat
- Rice
- Others
Dietary Fibers Market by Application:
- Food & Beverages
- Bakery & Confectionary
- Dairy Products
- Meat Products
- Snacks & Cereals
- Others
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
Dietary Fibers Market by Region:
- North America Dietary Fibers Market
- Latin America Dietary Fibers Market
- Europe Dietary Fibers Market
- South Asia Dietary Fibers Market
- East Asia Dietary Fibers Market
- Oceania Dietary Fibers Market
- Middle East and Africa Dietary Fibers Market
