Fibers And Specialty Carbohydrates Market Overview
The Fibers and Specialty Carbohydrates Market size is estimated to reach $2.07 billion by 2027. Furthermore, it is poised to grow at a CAGR of 5.3% over the forecast period of 2022-2027. Fiber is a type of carbohydrate which the human body is not able to break, which thereby allows it to pass through one’s gut into the large intestine. The role of fiber in medical science is not limited but helps the digestive system in multiple ways and reduces the occurrence of constipation. Various compositions of carbohydrates must be aligned to deliver a robust operation of the human body. For example, the monosaccharide levels of sialic acids are associated with a powerful but nuanced effect on one’s gut. The consumption of sialic acids helps in adding and driving the growth of organisms that are aligned with sialic acid metabolic activities. However, simple, and easily digestible glucose have had negative ramification on the overall gut health. Glucosamine and chondroitin are also important components of intestinal mucin, acting as a barrier between gut flora and the intestinal wall, and potentially affecting gut permeability and intestinal immune mediation. The example of the former can be extrapolated, as prebiotics are the food for good bacteria, while probiotics are the beneficial bacteria class. Hence, fibers form the line of prebiotics as it helps the overall gut microbiota to grow. Owing to the rise in cases of diabetes mellitus around the globe supplemented by the rising awareness pertaining to eating healthy foods are some of the factors driving the Fibers and Specialty Carbohydrates Industry forward in the projected period of 2022-2027.
Report Coverage
The report: “Fibers and Specialty Carbohydrates Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Fibers and Specialty Carbohydrates Market.
By Application- Food and Beverages, Pharmaceuticals, Nutraceuticals, Cosmetics, and Others.
By Distribution Channel- Offline and Online.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa).
Key Takeaways
- Geographically, North America held a dominant market share in the year 2021 owing to robust demand from various applications supplemented by the growing R&D activities pertaining to finding healthy food alternatives which taste well and additionally provide the much-needed nutritional intake for the human body. However, Asia-Pacific is expected to offer lucrative growth opportunities to the marketers in the projected period owing to a robust demand coming from the nutraceutical and pharmaceutical application segment, as the vast internet penetration has made the consumers aware of the benefit of fibers and specialty carbohydrates.
- The rise in cases of diabetes mellitus around the globe supplemented by the rising awareness pertaining to eating healthy foods are some of the factors driving the Fibers and Specialty Carbohydrates Market. However, owing to the rising usage of phytochemicals and carotenoids as a substitute for the industry has and will impede the market growth.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Fibers and Specialty Carbohydrates Market Report.
Fibers And Specialty Carbohydrates Market- Geography (%) for 2021.
Fibers And Specialty Carbohydrates Market Segmentation Analysis - By Application
The fibers and specialty carbohydrates market based on the application can be further segmented into Food and Beverages, Pharmaceuticals, Nutraceuticals, Cosmetics, and Others. Food and Beverages held a dominant market share in the year 2021. It is owing to the excessive demands from various bakeries and other food manufacturers to add fibers in their end-product. Consumers are extremely conscious about the “product label”, and a trend governs that the overall purchasing decision is greatly correlated with the nutritional value of the product. Additionally, Baking Industry holds a sizable proportion. For example, Canada has an $8 billion worth Baking Industry, which substantially uses fiber and other ingredients to make the end-product.
However, Nutraceutical’s segment is estimated to be the fastest-growing, with a CAGR of 6.1% over the forecast period of 2022-2027. It is owing to a vast array of product launches that have started taking place within the segment. Additionally, consumers tend to show interest in gaining the necessary portion of RDI through the said route, which is estimated to be the driving factor for the market.
Fibers And Specialty Carbohydrates Market Segmentation Analysis - By Distribution Channel
The fibers and specialty carbohydrates market based on distribution channels can be further segmented into Offline and Online. Offline held a dominant market share in the year 2021 owing to the vast array of applications such as various bakery and confectionary items available on the offline shelf. Moreover, marketers have been trying to use traditional tools such as in-contact marketing, which allows the questioned consumer to interact with the salesperson of the end-product, which can allow them to understand the benefits of the product. Hence, probable customers become the company’s consumers post such sales. Hence, the majority of the product innovators introduce the product through such routes.
However, the Online segment is estimated to be the fastest-growing, with a CAGR of 5.9% over the forecast period of 2022-2027. It is owing to the various strategies being actively adopted by the end-product manufacturers which focus on reducing the middle-men and allow to the introduction of various discounts-cashback- and other membership benefits. Additionally, in cost-wars, artisanal products lose the edge, and predominant commercial manufacturers substitute them. For example, within the US, 85% of the commercial food and beverages are sold through large retail chains that adopt both offline-online channels.
Fibers And Specialty Carbohydrates Market Segmentation Analysis - By Geography
The fibers and specialty carbohydrates market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 34% as compared to the other regions in the year 2021. It is owing to the predominant proportion of companies being working through the boundaries of the US and Canada. The region was dominant owing to the presence of robust players operating in the region, coupled with the growing disease burden and awareness pertaining to the availability of such products. Regions such as Canada have a 29% prevalence of diabetes in their population, which is expected to touch 32% by 2030.
However, Asia-Pacific is expected to offer lucrative growth opportunities to marketers in the projected period of 2022-2027. It is owing to the outsourcing of various food manufacturing pertaining activities to the regions of India and China. Additionally, the disease burden of diabetes and other cardiovascular ailments in the regions is exponentially rising, which will further aid the market.
Fibers And Specialty Carbohydrates Market Drivers
An exponential increase in the cases of diabetes mellitus and other cardiovascular ailments has been an active market driver
Diabetes mellitus has been a growing concern around the globe. Moreover, the numbers are growing exponentially from the last four decades and would continue to do so in the coming times. As per WHO, 108 million cases of diabetes were present in 1980, which jumped on to become 459 million in 2019. Fibers of any kind have been associated to reduce or slow down the absorption of sugar and fat from food, which thereby helps in preventing a spike in the overall glucose levels post-meal. Additionally, a regular intake of fiber has directly helped in lowering the cases of colorectal cancer. It has been found that in regions where the fiber intake is high, the cases of colorectal cancers are extremely low. Moreover, high cholesterol or bad cholesterol or LDL can be countered with the active usage of high-fiber foods, as they lower the overall absorption rates.
Rising awareness pertaining to the daily nutritional intake has proactively helped the overall market penetration
Globally, markets have been seeing an exponential rise in dietary supplement products. As per FDA, each person should have an intake of 28grams of fiber in a day, but interestingly a vast majority of consumers have the value far less than 20 grams a day. In order to compensate for the said gap, consumers are relying on dietary supplements and product manufacturers are regularly updating their products to enhance consumer satisfaction and overall health. Internet penetration in developing nations has been rising, and with it, the number of dietary supplements floating in the market has risen as well. There were close to 624 million internet users in India, and the further offerings estimate the number to double in the next ten years. Product innovations, awareness creation using digital marketing tools, and governmental aids have supplemented the overall market growth.
Fibers And Specialty Carbohydrates Market Challenges
Owing to the rising usage of phytochemicals and carotenoids as a substitute for the industry has and will impede the market growth
Fibers and specialty carbohydrates are now being actively replaced by phytochemicals and carotenoids due to their excellent anti-oxidation process. The dietary carotenoids known as lutein and zeaxanthin are known to protect against age-related macular degeneration. Age-related macular degeneration has been affecting millions of people, especially leading to irreversible eye loss in the elderly. The global prevalence of AMD in the US has been closing to 20 million, while the global prevalence is upwards of 200 million. Dietary phytochemicals have been found to protect people from chronic illnesses which include cardiovascular ailments such as diabetes, cancer, and other neurological diseases. Owing to the following properties, the alternative product segment is positioned to impede the growth of the discussed market.
Fibers And Specialty Carbohydrates Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in this market. Fibers and Specialty Carbohydrates top 10 companies include
- Tate & Lyle Plc.,
- Ajinomoto Inc.,
- ADM,
- Cargill Incorporated.
- Du Pont,
- DSM,
- Ingredion Incorporated,
- Roquette Freres,
- Südzucker AG Company
- Comet Bio
Recent Developments
- In May 2021, Tata and Lyle have expanded their PROMITOR Soluble Fiber Range. The expansion sees the launch of two new liquid versions of PROMITOR®: PROMITOR® Soluble Fiber W and PROMITOR® Soluble Fiber 90L. These versions have been developed to make adding fiber to applications including confectionery, beverages, and bars, easier and more cost-effective. This allows food and beverage manufacturers to make their products healthier, both reducing sugar and calories and fortifying them with fiber, while maintaining great taste, texture, and consumer experience.
- In March 2021, Comet Bio, an upcycled ingredient start-up has been gearing for the commercial launch of prebiotic fiber. The following would help the production of lactobacillus which has a gene cluster encoding of L-fucose. Clinical data pertaining to the use of arabinoxylan a type of dietary fiber has been associated with reducing the overall glucose level. Manufacturers are hopeful that 3grams of such fibers would be required to compete against the substantial 7 grams for daily consumption.
- In February 2021, Tata and Lyle have launched Fiber University the following would help to share fiber fortifications expertise with various formulators. The new online modular course would help the toughest fiber formulation challenges in a time when most people are not getting enough fiber in their diets. Selecting the appropriate fiber is key to solving challenges relating to taste, texture, nutrition, processing, and labeling for new and reformulated food products.
Relevant Titles
Insoluble Dietary Fiber Market- Forecast (2022-2027)
Report Code- FBR 0039
Dietary Fiber Market- Forecast (2022-2027)
Report Code- FBR 0032
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