Dietary Fiber Market
The dietary fiber market is estimated to be valued at USD 12,343.6 million in 2024 and is anticipated to reach USD 33,098.0 million by 2034. The demand for dietary fiber is anticipated to grow at a rate of 10.3% from 2024 to 2034.
The growing demand for dietary supplements with digestive health ingredients and essential fatty acids is driving the market growth. Suppliers are capitalizing on the ongoing health trends to market products with dietary fiber, extolling the virtues of fiber. Moreover, the demand for dietary fiber is expanding through marketing activities such as social media platforms.
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Vegan and vegetarian food is seeing an uptick in demand as people become increasingly averse to animal cruelty. Dietary fiber forms a pivotal form of many a vegan and vegetarian diet. Thus, vegan and vegetarian consumers make up a significant consumer base for the market. Because natural and organic food has so many health benefits for people, the market for these foods has grown dramatically in the last ten years. As a result, more people are choosing natural and organic foods. One of the naturally occurring components found in various cereals, grains, fruits, and vegetables is dietary fiber. For instance, psyllium fiber is derived from naturally occurring organic psyllium husk, a mildly purifying substance that promotes digestive health, helps to maintain regularity of digestion, and fights occasional constipation. Thus, dietary fiber is experiencing significant demand.
“Sports nutrition provides a significant avenue of growth for the market. With encouragement for sports from all quarters, an increasing number of people are taking up sport-related activities. In addition, parents are also enrolling their children in sports on a rising basis. Thus, the increase in popularity of sports nutrition is fuelling the dietary fiber market,” says an analyst at FMI.
Key Takeaways from the Report:
- The global dietary fiber market is expected to reach a market valuation of USD 33,098.0 million by the end of 2034.
- Demand for dietary fiber is anticipated to evolve at a CAGR of 10.3% over the forecast period.
- The market is expected to register a CAGR of 7.7% in Germany.
- The United Kingdom is another European country where the growth of the market is expected to be positive. For the forecast period, the CAGR for the United Kingdom is marked to be 7.1%.
- India and Japan are among the promising countries in Asia. For the forecast period, the CAGR for India and Japan is predicted to be 5.9% and 5.4% respectively.
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Competitive Analysis
Collaboration with celebrities and research and development are the key strategies to enhance presence in the market. Moreover, key companies are focusing on cost-effective solutions and sustainable packaging in the manufacturing process to draw consumers’ attention. Key players in the market include BENEO, ADM, Cargill Incorporated, and DuPont.
For instance, in October 2019, Cargill Inc. invested a significant amount of money to expand its product line to include dietary fibers. This project marked the company’s entry into the soluble dietary fiber market.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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