Over the past couple of years, customers’ needs for food with nutritional value have grown. Consumption of dietary fibres has been controlled and expanded over the past few years due to growing understanding of the health advantages of food fibres. This is the main driver of the global market for food fibres. Food fibres provide a number of benefits that significantly influence the development of the global food fibre market.
They offer health advantages include lower cholesterol levels, regular bowel movements, regulation of blood sugar levels, lower risk of heart disease, hypertension, and obesity. They increase insulin sensitivity, which is advantageous for diabetic people. Additionally, consuming dietary fibres aids in preventing constipation, gastroesophageal reflux disease, and duodenal ulcers.
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They offer health advantages include lower cholesterol levels, regular bowel movements, regulation of blood sugar levels, lower risk of heart disease, hypertension, and obesity. They increase insulin sensitivity, which is advantageous for diabetic people. Consuming dietary fibres also aids in preventing and treating haemorrhoids, gastroesophageal reflux disease, duodenal ulcers, and constipation.
Additionally, as a result of greater awareness, changing consumer lifestyles have an impact on eating patterns and demand for consuming more fiber-rich foods. This is supported by an increase in global disposable income, which has further sparked food fibre consumption and fueled the expansion of the global food fibre market.
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According to Persistence Market Research, the global food fiber market is expected to reach a value of about US$ 6 Bn by the end of 2022, and is poised to propagate at a robust CAGR throughout the period of forecast 2017-2022.
North America is expected to remain dominant in the global food fiber market, in terms of revenues. As of 2017, North America showed high market attractiveness for food fibers, owing to high consumption. In addition, emerging economies such as Asia-Pacific excluding Japan (APEJ) is poised to grow at the highest growth rate during the period of forecast.
- Tate & Lyle
- Archer-Daniels-Midland Company
- Roquette Frères S.A.
- SunOpta Corporation
- Kerry Group
- Grain Processing Corporation
- RETTENMAIER & SÖHNE GmbH + Co
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Soluble Corn Fiber Shows High Market Share
By product type, although sales of soluble corn fiber will register a relatively lower CAGR through 2022, it is expected to dominate the global food fiber market in terms of revenues. However, this segment is expected to witness a decline in its market share over the forecast period. Insulin segment has a comparatively higher market share than all other product segments, except for the soluble corn fiber. But, sales of insulin will exhibit a healthy growth throughout the forecast period. In terms of market share, being the second highest segment, insulin can be a much lucrative option to invest into in the coming years.
Market Segmentation : (Food Fiber Market)
The global food fiber market is segmented based on product type, application, and region. A detailed market segmentation for food fibers is highlighted below.
Food Fiber Market By Region
- North Americ
- Latin America
Food Fiber Market By Product Type
- Oat Fiber
- Wheat Fiber
- Vegetable Fiber
- Soluble Corn Fiber
Food Fiber Market By Application
- Bakery & Confectionery
- Functional Foods
- Meat products
- Other Applications
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