Global Food Fiber Market Size To Worth USD 11.26 Billion By 2033 | CAGR of 5.41%
Category: Food & BeveragesGlobal Food Fiber Market Size To Worth USD 11.26 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Food Fiber Market Size is to Grow from USD 6.65 Billion in 2023 to USD 11.26 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 5.41% during the projected period.
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Browse key industry insights spread across 238 pages with 108 Market data tables and figures & charts from the report on the "Global Food Fiber Market Size, Share, and COVID-19 Impact Analysis, By Product (Oat Fiber, Polydextrose, Wheat Fiber, Vegetable Fiber, and Soluble Corn Fiber), By Application (Bakery & Confectionery, Dairy, Functional Foods, Beverages, and Meat Products), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/food-fiber-market
Food fiber, also known as dietary fiber, is a form of carbohydrate composed of plant cell walls and found in fruits, vegetables, cereals, nuts, and grains. The food fiber industry is being pushed by increased consumer awareness of good dietary habits in everyday life. Increased fiber content in daily meals can lower the risk of cardiovascular disease while also maintaining blood sugar levels, which is beneficial to human health. The development of new dietary fiber products is projected to fuel the growth of the food fiber market. For example, pomegranate peel powder can be used to make high-fiber cupcakes that promote overall wellness. However, the high cost of the food fiber manufacturing process could hinder the growth of the market.
The wheat fiber segment has a significant market share over the projection period.
Based on the product, the global food fiber market is divided into oat fiber, polydextrose, wheat fiber, vegetable fiber, and soluble corn fiber. Among these, the wheat fiber segment has a significant market share over the projection period. Wheat fiber is a white, fine-fibered dietary fiber concentrate made from wheat plants. It has a neutral flavor and is used to increase dietary fiber, lower fat, and promote weight reduction. Functional foods and beverages are a primary source of consumer demand for wheat fiber. These goods include ready-to-drink beverages, sports drinks, and other nutrient-dense liquids.
The bakery & confectionery segment has a significant share during the predicted timeframe.
Based on the application, the global food fiber market is divided into bakery & confectionery, dairy, functional foods, beverages, and meat products. Among these, the bakery & confectionery segment has a significant share during the predicted timeframe. Bakery items are among the most widely consumed foods of all time. Their evolution has gone through various stages of growth. Food fiber is a common component in bakery products and can assist in increasing the nutritional value of baked dishes. Whole grains including whole wheat, oats, rye, quinoa, and spelled are common sources of fiber in baked products.
Europe is having the biggest share of the global food fiber market over the forecast period.
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The United Kingdom has approved the labeling of inulin as a fiber in conformity with the AOAC international standard. Recent advancements in the United Kingdom have allowed inulin and oligofructose to be promoted as dietary fibers. Manufacturers' ingredient labels now list the following benefits: Fiber-rich, fiber-added, or fiber-enhanced. The normal Western diet, which lacks wholegrain cereals, legumes, fruits, and vegetables, has superseded Europe's traditional eating habits.
North America is predicted to grow fastest pace throughout the forecast period. North America is expected to have significant revenue growth in the Food Fiber market in the coming years. As individuals become more aware of the health benefits of dietary fiber, there is a higher demand for fiber-rich foods and products in North America.
Major vendors in the global food fiber market include, Kerry Group PLC, Tate & Lyle PLC, Archer Daniels Midland Company, Ingredion Incorporated, Cargill Incorporated, Du Pont, Roquette Freres SA, BENEO, Lonza, Batory Foods, PURIS, RETTENMAIER & SOHNE GmbH + Co KG, Taiyo International, AGT Food and Ingredients, The Green Labs LLC, Nexira, Farbest Brands, and Others.
Recent Developments
- In January 2024, Uganda's Fiber Foods, a pioneer in jackfruit meat alternatives for food service, received a confidential investment from FoodSparks, a fund for agrifood tech startups established by PeakBridge and EIT Food, one of the leading agrifood innovation ecosystems.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global food fiber market based on the below-mentioned segments:
Global Food Fiber Market, By Product
- Oat Fiber
- Polydextrose
- Wheat Fiber
- Vegetable Fiber
- Soluble Corn Fiber
Global Food Fiber Market, By Application
- Bakery & Confectionery
- Dairy
- Functional Foods
- Beverages
- Meat Products
Global Food Fiber Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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