Market Size of Food Fibers Industry
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.15 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Food Fibers Market Analysis
The Global Food Fibers Market is projected to register at a CAGR of 9.15% over the next five years.
Over the last couple of years, there has been an increase in the demand for nutritionally significant food by consumers. Since the awareness about the benefits of food fibers on health has become more prevalent over the past few years, the consumption of food fibers has also increased significantly. Health-conscious consumers are taking proactive and preventive measures for their health owing to increased awareness between a healthy gut microbiome and immune function, metabolic wellness, digestive health, and mental well-being. Fiber is a functional ingredient that supports the microbiome.
Thus, according to the 2021 Food and Health Survey from the International Food Information Council (IFIC), over 56% of consumers added or increased fiber content in their diet. While most consumers (92%) seek to get fiber from food, one in five still supplement their diet with fiber supplements. Additionally, the growth of the food fiber industry is augmented by its fortification in shelf-stable food products, such as natural alternative sweeteners, like monk fruit extracts, stevia, shelf-stable bars, cereal, chips, pretzels, and other snacks. Moreover, protein supplements and meal replacement options incorporated dietary fibers from diverse sources, such as nuts, seeds, and chicory root.
