Dietary Fibers Market: Challenges and Opportunities

Chicago, 2019-Nov-08 — /EPR Network/ —

The dietary fibers market is projected to grow at a CAGR of 11.6% from 2017 to 2022, to reach a projected value of USD 6.50 Billion by 2022. The dietary fibers market has become highly diversified in recent years owing to factors such as rapid growth in urbanization and hectic lifestyles, globally; this has led to an increase in the usage of functional food & beverages and nutraceutical products fortified with different nutritional value-including dietary fibers.

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How is the wide and new application areas of dietary fibers creating opportunities for manufacturers in the dietary fibers market?

Growing competition forces food ingredient suppliers to seek other growth opportunities in niche segments such as dairy products and beverages. Dietary fibers are incorporated into a wide range of food and beverages. They contribute functionality and nutrition to all types of dairy foods.

The science of fiber food ingredients continues to evolve, with more benefits being discovered and additional sources identified. As a result, the fiber-enriched food & beverages market is booming, and dairy foods have been identified as an ideal carrier for fiber food ingredients. According to the report Fiber Food Ingredients in the U.S. from Packaged Facts, in the 1990s there were few suppliers of fiber food ingredients. Today, there are more than 50 companies supplying fiber food ingredients to the U.S. food formulators.

In dairy and beverage products such as cheese, yogurt, and slimming drinks, food fibers are used to improve the product’s physiological and sensory properties. The functional properties vary depending on the end-product and the product used, which include improved cutting behavior, simplified processing, increased fiber content, and reduces caloric value.

Why is the introduction of stringent food safety regulations posing challenges for manufacturers in the dietary fibers market?

The Asian markets are least stringent in their regulations regarding health claims that are used for dietary fibers. The U.S. market has more strict regulations and there are no health claims for dietary fibers; however, structural or functional claims are permitted. The European markets have the strictest regulations regarding health claims. Manufacturers and distributors are facing challenges in the production and distribution as a result of stringent laws & regulations. Food safety issues mainly occur due to the following three reasons:

• Unsanitary processing conditions
• Usage of unsafe chemicals
• Unsafe use of food additives

The FDA has been taking strict actions in those instances where processors have demonstrated an inability to comply with the requirements of the regulations. Along with these international regulations, processors are also expected to comply with domestic food safety standards and infrastructure.

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North America To Dominate the Dietary Fibers Market During the Forecast Period

A shift in the preferences of consumers toward fat-free and nutrition-rich food products has encouraged retail outlets to accommodate shelves for functional food products. Increasing obesity among consumers has encouraged consumers to follow a strict fitness regime, due to which the preference for functional food products is projected to grow in the North American region. Increase in the number of fitness-conscious consumers has led manufacturers to invest in a range of dietary fibers to enhance the nutritional quotient and quality of products. On account of these factors, North America is projected to dominate the market during the forecast period.

Leading players identified in the dietary fibers market include E. I. du Pont de Nemours and Company (US), Cargill (US), Nexira SAS (France), Roquette Frères S.A. (France), and Ingredion Incorporated (US). Key players in this market are adopting strategies such as agreements, acquisitions, and expansions.

All in all, the dietary fibers market is projected to record significant growth during the forecast period. Retailers focus on improving their sales and profit by accommodating their shelf space with functional food products. Key players also focus on developing products that align with the health and fitness requirements of consumers to cater to the increasing demand of retailers and consumers. These factors are projected to reflect positively on the market growth.