Report Overview

Saudi Arabia Dietary Fibers Market - Industry Trends & Forecast Report, 2028

Saudi Arabia dietary fibers market size is expected to expand at a steady CAGR of 7.5% during the forecast period between 2022 and 2028. Major growth factors for Saudi Arabia dietary fibers market include rising consumption of functional foods, increasing health, wellness and food nutritional value awareness among consumers coupled with incorporating soluble dietary fibers into meals. A paradigm shift from pharmaceutical to nutraceuticals products and surging demand for fiber-enriched food products are expected to boost the overall market expansion. Rising prevalence of gastrointestinal disorders along with increasing spending on personal care products by health conscious populace owing lifestyle modification will provide significant growth opportunities for the market during the forecast period. The increasing influence of fortified and functional food products due to high disposable incomes and increasing eating preferences for organic and alternative food products instead of meat products owing to their higher nutritional value will contribute to the growth of Saudi Arabia dietary fibers market.

Saudi Arabia Dietary Fibers Market

Growth Drivers

Increase in consumer preference for natural products

Increasing product demand resulting from growing consumer awareness of healthy living and eating is likely to fuel market expansion in the coming years. Due to growing incidences of cardiovascular disease, cancer, and diabetes, consumers are preferring fiber-enriched food items with significant health benefits. This is also expected to boost the market growth. The increased customer preference for natural products is a significant element impacting market expansion. The rising intake of functional foods, which, in addition to providing basic nutrition, have the potential to promote health, has increased the demand for dietary fibers.

Restraints             

Growing preference towards gluten-free food products

Legumes, whole grains such as cereals, wheat bran, brown rice, and other gluten-related foods include dietary fibers. One of the most common food concerns among today's customers is gluten intolerance. Gluten-free diets are gaining popularity among consumers due to claims of enhanced health, increased energy, and weight loss. As more people become allergic to gluten-containing foods like wheat and other grains, growth in demand for dietary fibers will be limited. Another impediment to the expansion of the dietary fiber market is the prevalence of diseases related with gluten consumption, such as infertility, celiac disease, and neurological disorders. Furthermore, adoption of gluten-free food products is increasing as the prevalence of celiac disease rises, potentially impeding the growth of the dietary fibers market in Saudi Arabia.

Impact of COVID–19 on Saudi Arabia Dietary Fibers Market

COVID-19 had a detrimental effect on both public health and the various phases of multiple sectors' supply chains, including the dietary fiber market. Implementing efforts to fight the virus's spread has exacerbated the problem and hampered the expansion of various economic sectors. Lockdowns across the country have hampered the transportation of raw materials from suppliers. During the pandemic, the temporary closures of industrial units owing to indeterminate lockdowns and temporary quarantines hampered the expansion of the dietary fibers market. Additionally, the pandemic had a negative impact on the food and beverage business, affecting the growth of this market. However, while the pandemic had an influence on supply chain operations, it also spurred the demand for healthy living among consumers, resulting in a shift in consumer focus toward nutritional food products.

Further escalation of Russia-Ukraine war could adversely affect Saudi Arabia dietary fibers market

The ongoing war between Russia and Ukraine, the world’s two largest producers and suppliers of wheat grains, is affecting Saudi Arabia dietary fibers market. Further intensity of the war is feared to trigger the global food crisis. According to UN FAO reports, Russia and Ukraine together held a significant share of 34% in global exports of wheat in 2021. Especially, in the global exports of sunflower cake, both the countries had a whopping 81% share. In addition, Ukraine and Russia held a combined significant market share in the global exports in maize, barley, sunflower oil, and vegetable oils. The report also estimated that Russia and Ukraine supplied about 12% of food calories traded across the globe in 2021. Since the Russian invasion of Ukraine on February 24, 2022, there have been uncertainties over the supply of grains both from Ukraine and Russia to the world, and to Arab states of the Middle East and North Africa. It has resulted in a significant rise in global food prices. Apart from experiencing food shortages due to expensive import costs, fiscal deficits, conflict, Middle East and North Africa confront an additional issue. Any interruption or decrease in wheat supply from Ukraine and Russia will deny inhabitants in some of the world's most food-insecure countries the ability to produce fiber-enriched food and other daily necessities. Therefore, the continuous conflict between Ukraine and Russia is anticipated to adversely affect the growth of Saudi Arabia dietary fibers market.

Saudi Arabia Dietary Fibers Market

Segmental Coverage

Saudi Arabia Dietary Fibers Market - By Raw Material

By raw material, Saudi Arabia dietary fibers market is divided into Fruits & vegetables, Cereals & Grains, Legumes, and Nuts & Seeds segments. The cereals & grains segment is expected to dominate the market since fiber lowers the risk of cardiovascular disorders. Furthermore, the dietary fiber present in oats, flaxseeds, beans, and oat bran aids in the reduction of low-density lipoproteins, lowering overall blood cholesterol levels. Beta-glucan, pentose, and arabinoxylans are some of the primary soluble fibers found in whole grains such as wheat, rye, and barley, whereas lignin, cellulose, and hemicellulose are derived from grains such as rice, maize, and wheat bran.

Saudi Arabia Dietary Fibers Market - By Product

Based on product, Saudi Arabia dietary fibers market is bifurcated into Soluble Dietary Fibers and Insoluble Dietary Fibers segments. The soluble dietary fibers segment is anticipated to dominate the market during the period in analysis. Fruits and vegetables, nuts and seeds, cereals, and whole grains are sources of soluble fiber for both animals and humans. Dietary fiber from vegetables, such as fructo-oligosaccharides (FOS) and inulin, aids in bowel function regulation, whereas pectin from fruits like pears and apples soothes heartburn and promotes gut health. The insoluble dietary fibers segment is also expected to dominate the market because of growing consumption of functional foods, rising consumer health awareness, and changing consumer diets. Insoluble dietary fiber from oats, wheat, maize, potatoes, peas, rice, and legumes lowers the risk of developing a variety of health issues such as hyperglycemia, constipation, high cholesterol, and obesity.

Saudi Arabia Dietary Fibers Market - By Application

Based on application, Saudi Arabia dietary fibers market is divided into Food and Beverages, Pharmaceuticals, and Animal Feed segments. The food and beverages segment is expected to hold the highest market share. Consumer trust in the health benefits of dietary fiber is one of the primary reasons driving product demand. Furthermore, rising demand for healthy and functional food products is expected to drive the market in the coming years. Breakfast cereals are in high demand in the food business due to their improved nutritional profile. The expanding consumer health worries about the detrimental impacts of processed foods and fast foods, as well as excessive calorie consumption, are also contributing to the high demand.

Competitive Landscape

Saudi Arabia dietary fibers market is fiercely competitive with major companies including IFF Nutrition & Biosciences, Suedzucker, Ingredion Incorporated, Roquette Frères, Kerry Group plc., Nexira, and ADM. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, market initiatives, mergers and acquisitions, and other collaborative activities.

Recent Developments

• In March 2022 - Tate & Lyle PLC, a leading provider of ingredients and services to the food and beverage industries, signed an agreement to purchase Quantum Hi-Tech (Guangdong) Biological Co., Ltd (Quantum), a prebiotic dietary fiber company in China, from ChemPartner Pharmatech Co., Ltd (ChemPartner) for USD 237 million.

Scope of the Report

By Raw Material

• Fruits & vegetables

• Cereals & grains

• Legumes

• Nuts & seeds

By Product

• Soluble Dietary Fibers

• Insoluble Dietary Fibers

By Application

• Food and Beverage

• Pharmaceuticals

• Animal Feed

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Dietary Fibers Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increased public knowledge of the health benefits of dietary fiber
         2. Surge in the number of urban residents
         3. Increase in consumer preference for natural products
         4.  
      2. Restraints
         1. Side-effects related to excess intake of dietary fibers
      3. Opportunities
         1. Increasing consumer spending
         2. Favorable Government’s support
      4. Challenges
         1. Stringent government regulations pertaining to dietary fibers
   3. Technological Advancement/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Saudi Arabia Dietary Fibers Market Overview
   1. Market Size & Forecast, 2018–2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Raw Material
         1. Fruits & vegetables
         2. Cereals & grains
         3. Legumes
         4. Nuts & seeds
      2. By Product
         1. Soluble Dietary Fibers
         2. Insoluble Dietary Fibers
      3. By Application
         1. Food and Beverage
         2. Pharmaceuticals
         3. Animal Feed
         4. Others

5. Competitive Landscape
   1. List of Key Players and Their Range
   2. Saudi Arabia Dietary Fibers Company Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Mergers, Acquisitions, Partnerships, and others)
6. Impact of Covid-19 on Saudi Arabia Dietary Fibers Market
7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
   1. IFF Nutrition & Biosciences
   2. Suedzucker
   3. Ingredion Incorporated
   4. Roquette Frères
   5. Kerry Group plc.
   6. Nexira
   7. ADM
   8. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation

List of Figures

Figure 1        Saudi Arabia Dietary Fibers Market Segmentation

Figure 2        Saudi Arabia Dietary Fibers Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        Saudi Arabia Dietary Fibers Market Size, By Value (USD Billion) 2018–2028

Figure 5        Saudi Arabia Dietary Fibers Market Share, By Raw Material, By Value, 2018–2028

Figure 6        Saudi Arabia Dietary Fibers Market Share, By Product, By Value, 2018–2028   

Figure 7         Saudi Arabia Dietary Fibers Market Share, By Application, By Value, 2018–2028        

List of Tables

Table 1         Saudi Arabia Dietary Fibers Market Size, By Raw Material, By Value (USD Billion), 2018–2028

Table 2         Saudi Arabia Dietary Fibers Market Size, By Product, By Value (USD Billion), 2018–2028

Table 3       Saudi Arabia Dietary Fibers Market Size, By Application, By Value (USD Billion), 2018–2028

Table 4          IFF Nutrition & Biosciences Company Overview

Table 5         IFF Nutrition & Biosciences Financial Overview

Table 6         Suedzucker Company Overview

Table 7         Suedzucker Financial Overview

Table 8         Ingredion Incorporated Company Overview

Table 9         Ingredion Incorporated Financial Overview

Table 10        Roquette Frères Company Overview

Table 11        Roquette Frères Financial Overview

Table 12        Kerry Group plc. Company Overview

Table 13        Kerry Group plc. Financial Overview

Table 14        Nexira Company Overview

Table 15        Nexira Financial Overview

Table 16        ADM Company Overview

Table 17        ADM Financial Overview