The worldwide market for food fiber is anticipated to grow at a 5.7% CAGR throughout 2017-2022. The market is likely to touch an estimation of US$6 Billion towards the end of the assessment period. The burgeoning requirement for food fiber world globally is fueled chiefly by the identification of several health and functional benefits, particularly on enhancing gastrointestinal health. The rising awareness regarding the huge purported gains of both insoluble and soluble fiber in combating diabetes and heart ailments, chiefly by bringing down glucose and blood cholesterol levels, is a foremost aspect stoking their requirement. The altering lifestyle in several populations, noticeably inclined for processed food, has directed for a high-fiber diet regime for avoiding several lifestyle health conditions and problems particularly colorectal cancer, hemorrhoids, and duodenal ulcers. This is a soaring trend likely to enhance the worldwide market. Additionally, the increasing requirement for high-fiber baked products in various emerging and developed economies is additionally projected to advance the market.
The utility of naturally-sourced fiber, as well as the usage of modern ingredients in fiber strengthening, is a remarkable development likely to catalyze market growth. The significantly increasing insulin-based food fiber sales is a foremost trend likely to generate promising avenues for companies throughout the assessment period. Also, the beginning of clean label to obtain a better reach into ingredient lists is a noteworthy development gaining traction with customers in several developed and developing nations.
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Based on the product type, the worldwide market is categorized as polydextrose, oat fiber, vegetable fiber, wheat fiber, inulin, soluble corn fiber, and others. While soluble corn fiber sales would record a comparatively lower CAGR by 2022, it is likely to lead the worldwide market for food fiber in revenues terms. Though, this category is likely to foresee a drop in its market share throughout the assessment period.
Food fibers have several applications in functional foods, dairy, meat products, beverages, bakery & confectionery, and other applications. Among these, the bakery and confectionery category accounts for a remarkable share and is likely to dominate the worldwide market towards 2022 end. This category is likely to increase at the foremost CAGR throughout the projected period, driven by quick expanding upon of its sales. The extensive applications are above all ascribed to the considerable requirement for healthy baking, together with increasing sensory quality and volume of the bakery products.
Region-wise, the North America regional market is likely to dominate the pack all through the assessment period. This regional market is projected to come out as a majorly attractive market, determined by broad consumption of insoluble and soluble fibers in several food applications.
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The foremost companies active in the worldwide market are Tate & Lyle, Cargill, Ingredion, Archer-Daniels-Midland Company, SunOpta Corporation, Roquette Frères S.A., Kerry Group, Nexira, RETTENMAIER & SÖHNE GmbH + Co, Grain Processing Corporation and others