Functional Fibers Market Outlook

Fiber is also known as bulk or roughage. Functional fibers are a type of fiber obtained from their natural source. Functional fibers are the derivatives of carbohydrates and are beneficial for health. These functional fibers are used as supplements that promote health. The demand for functional fibers is expected to increase in the coming time period because of the growing trend of health and fitness. Dietary fiber is useful to cure constipation and diarrhea, and also beneficial for the treatment of obesity. Due to their health beneficial properties, the market demand for functional fibers is increasing these days in many industries, which includes food, pharmaceuticals, nutraceuticals, and other end-use industries.

Depending upon the end-use application, there is the availability of various grades of functional fibers. The prices of functional fibers also vary according to these grades. For example, functional fibers that are being used in dietary supplements are priced higher, because the level of purity for food-grade functional fibers is high.

Get an idea about the offerings of our report from Report Brochure

Health Benefits of Functional Fibers Lead to Increasing Demand

The demand for functional fiber is increasing in the food & beverage industry, as the demand for functional food and ready-to-eat products has been increasing these days. Functional fiber is an enriched source of vital vitamins & minerals, due to which, its demand has been increasing. Functional fibers maintain a healthy digestive system by promoting the growth of healthy bacteria in the small as well as large intestines. Functional fibers help in weight management, lower cholesterol levels, maintain blood glucose levels, and improve the immune system. Consumers are focusing on those products that have all the basic nutrients in them. The sedentary lifestyle of consumers has boosted the market demand for functional fibers.

Thus, functional fiber supplements have become very popular, especially in the developed regions such as North America and Europe, where the consumption of external supplements for additional nutrition is high.

To gauge the scope of customization in our reports Ask for a Custom report

Functional Fibers Market: Segmentation

The functional fibers market can be segmented based on nature, source, grade type, and application.  

Based on nature, the functional fibers market can be segmented as -

  • Organic
  • Conventional

Based on grade type, the functional fibers market can be segmented as -

  • Food Grade
  • Pharmaceutical Grade
  • Industrial Grade

Based on application, the functional fibers market can be segmented as -

  • Food
  • Beverages
  • Personal Care and Cosmetics
  • Pharmaceuticals
  • Nutraceuticals
    • Dietary Supplements
    • Functional Food
  • Others

Functional Fibers Market: Regional Analysis

The use of functional fibers is the highest in North America. This is due to the high demand for functional fibers mainly being for food and dietary supplements, of which, North America is the largest market. The United States has the highest percentage of the obese population, hence, the market demand for functional fibers is very high in this region. However, the demand for functional fibers is expected to increase in the Asia Pacific for the production of dietary supplements. The use of functional fibers in the personal care and cosmetics industry is expected to increase as well, which will increase its demand in Europe and MEA in the coming years. But the growth rates in the regions will not be as high as that in the Asia Pacific.

The prices of functional fibers are very high, due to which, the growth of the functional fibers market is being restricted. But, a lot of research is being carried to manufacture functional fibers with low production costs, which could reduce their prices and increase the market demand, globally. Market entrants who are trying to expand their footprint should emphasize on the ease of procuring raw materials to increase production.

Functional Fibers Market: Key Participants

Key players in the global functional fibers market are:

  • J. RETTENMAIER & SÖHNE GmbH + Co KG
  • CFF GmbH & Co. KG
  • BENEO
  • Axys Nutrition Products Pvt. Ltd.
  • Ingredion
  • Royal DSM NV

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Functional Fibers Market

Pre Book