The global fibers and specialty carbohydrates market is anticipated to grow at a considerable CAGR of 7.8 % during the forecast period. Fiber is a type of carbohydrate that humans can’t easily digest. Fiber and carbohydrates play a vital role in health management, which is required to maintain a balanced digestive system, regulate sugar levels in the blood, and lower the level of cholesterol in the body. These are primarily used for treating malnourished people, problems related to stomach and cardiovascular. Fibers and specialty carbohydrates are largely used in the nutraceutical medicinal and cosmetic industry. The major driving factor that contributes to the growth of the market includes- rising demand for gymnasiums and fitness centers that are rapidly expanding across the globe. Moreover, the rising in the number of cardiovascular, diabetes, and cancer disease among the geriatric population is further contributing to the growth of the market. 

According to WHO, in 2019, diabetes was known as the ninth leading cause of death with an estimated 1.5 million deaths. Fibers and specialty carbohydrates in a high-rich fiber diet significantly improve blood glucose control and reduce plasma cholesterol levels in diabetic patients. Owing to such wider application in the healthcare, food, and beverages industry, the demand for fiber and specialty carbohydrates has increased over the forecast period. However, the introduction of phytochemicals, and carotenoids as nutraceutical ingredients, which consist of anti-oxidation, may hamper the market growth in coming years. 

Growing prices of raw materials will also remain a major restraining factor for the market. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2020, Dupont Nutrition and Biosciences has expanded its partnership with Plug and Play. Plug and Play opened a new location in Chicago, and Dupont was the founding partner of the new office. With this partnership, Dupont can directly access the emerging technologies which allow further innovation for food and beverage companies. Moreover, this partnership was able to influence the latest innovative technology in plant-based proteins, and functional ingredients. 

Impact of COVID-19 Pandemic on Fibers and Specialty Carbohydrates Market 

The COVID-19 pandemic has put the market players in the challenging position of the fiber and specialty carbohydrates market. The disruption has reduced the overall demand for fibers and specialty carbohydrates, the restriction on the free movement of labor and disrupting supply chains, resulting in lowering the demand of the market. However, losses are mitigated by the increasing consumption of healthy-diet food, fibers rich food a product reduces the concentration of cholesterol level and promote better health. 

Segmental Outlook 

The global fibers and specialty carbohydrates market is segmented based on application, and distribution channels.  Based on application, the market is further bifurcated into functional food & beverages, dietary supplements, personal care, animal nutrition, and others (pharmaceutical, nutraceutical). Based on the distribution channel, the market is sub-categorized into online, offline.  Based on distribution channel, online segments is expected to hold the largest share in terms of revenue, owing to various strategies adopted by the manufacturers, which majorly focuses on eliminating the concept of middle-man, and offer various discounts-and cash back benefits, hence, in turn, resulting in higher demand of online distribution channel in fibers and specialty carbohydrates market.  

Global Fibers and Specialty Carbohydrates Market Share by Application, 2021 (%)

The Dietary Supplements Holds the Major Share in the Global Fibers and Specialty Carbohydrates Market 

The dietary supplements are the major segment that contributes to the growth of the fibers specialty carbohydrates market. The factors responsible for the growth of the segment include an increase in the number of health-conscious consumers in developing countries such as India, China, and Mexico. In addition, rising enrolments of people in fitness centers, as well as in gyms across the globe, results in increasing sales of dietary supplements that is highly enriched in fibers and specialty carbohydrates. Moreover, the working population across the globe is struggling to fulfill their daily nutrient requirements owing to busy schedules, and hectic working lifestyles, as a result there is an increasing need for food items that provides a well-balanced diet, in turn increasing their dependency on dietary supplements. Rising health consciousness among the adult population, and increasing trend of gym activity, witnessed a surge in demand for dietary supplements in the fiber and specialty carbohydrates market.

Regional Outlooks

The global fibers and specialty carbohydrates market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The North America emerged as a leading region during the forecast period 2020. The growth in the North America region is imputed to the higher spending on healthcare products, and attaining healthy wellness through a healthy and nourishment diet, are expected to augment the market growth over the forecast period.  

Global Fibers and Specialty Carbohydrates Market Growth, by Region 2022-2028

The North-America Region Holds the Major Share in the Global Fibers and Specialty Carbohydrates Market 

The market of fibers and specialty carbohydrates in the North-American region is projected to continue on account for the majority revenue share in coming years. Owing to increasing per-capita income along with rising adoption of dietary supplements in fiber-rich food and beverages products, attributed to the rising demand for this market in the North-America region. Moreover, the easy availability of raw materials and changing lifestyles of individuals in the region has significantly contributed to improved market growth in the region. 

Market Players Outlook

The major companies serving the global fibers and specialty carbohydrates market are, Amway Corp., Archer Daniels Midland Co., Nestle, Sudzucker AG., SunOpta., Danone S.A., DuPont De Nemours Inc., FMC Corp., Grain Processing Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2022, Nestle is expanding its beverage market by launching versions of its present beverages which include Milo in Malaysia, and Nescafe and Starbucks in Japan. The 180ml carton of Milo offers around 5 grams of protein, enriched with calcium and vitamins.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global fibers and specialty carbohydrates market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.