
Saudi Arabia Food Fibers Market, By Type (Soluble Fibers, Insoluble Fibers); By Application (Dairy, Meat, Poultry, and Seafood, Bakery & Confectionery, Beverages, Ready to Eat (RTE) Products), Competitive Landscape & Forecast, 2019–2030
Description
Saudi Arabia Food Fibers Market, By Type (Soluble Fibers, Insoluble Fibers); By Application (Dairy, Meat, Poultry, and Seafood, Bakery & Confectionery, Beverages, Ready to Eat (RTE) Products), Competitive Landscape & Forecast, 2019–2030
Saudi Arabia Food Fibers Market Size Set to Cross USD 133 Million by 2030
Saudi Arabia Food Fibers Market is flourishing due to growing consumer awareness about dietary health, a growing focus on preventive healthcare, a rising preference for functional foods, and government initiatives promoting healthier eating habits.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia Food Fibers Market size at USD 89 million in 2023. During the forecast period between 2024 and 2030, Saudi Arabia Food Fibers Market size is to grow at a CAGR of 7.10% reaching a value of USD 133.53 million by 2030. The growth of Saudi Arabia Food Fibers Market is primarily driven by several key factors, including growing awareness about the health benefits associated with a high-fiber diet, a growing focus on preventive healthcare, and a rising incidence of lifestyle-related diseases, such as obesity and diabetes. The Saudi Government’s initiatives promoting healthier eating habits and increasing consumer demand for functional foods have also spurred the growth of market. Rising disposable incomes have led to greater consumer spending on fiber-rich products. Innovations and incorporation of fibers into various products by food product manufacturers to meet the evolving dietary preferences of consumers are projected to further fuel the expansion of Saudi Arabia Food Fibers Market in the coming years.
Growing Consumption of Prebiotic Dietary Supplements
The consumption of probiotics and probiotic dietary supplements are gaining significant traction among the growing health conscious population. Probiotics are a mix of living, healthy bacteria and/or yeast that exist naturally in the human body. There are different forms of probiotics. They contain certain yeasts like Saccharomyces boulardii), bifidobacteria including Bifidobacterium bifidus, and lactobacilli, such as Lactobacillus acidophilus and Lactobacillus GG. Probiotics dietary supplements are also broadly used as food additives and supplements, mostly to support a healthy digestive system. People suffecring from irritable bowel syndrome (IBS), diarrhea, colitis particularly ulcerative colitis, and pouchitis (a consequence of surgery for ulcerative colitis), acne, and eczema gain some benefits by consuming certain probiotics. Hence, increasing consumption of probiotics is expected to drive Saudi Arabia Food Fibers Market.
Impact of Escalating Geopolitical Tensions on Saudi Arabia Food Fibers Market
Escalating geopolitical tensions could impact Saudi Arabia Food Fibers Market by increasing uncertainties in supply chains, especially for raw materials and food products. Potential trade restrictions add to production expenses, potentially affecting the operating margins. Additionally, heightened security concerns may lead to fluctuating demand for food fibers in Saudi Arabia. Volatile geopolitical factors drive market volatilities.
Bakery & Confectionery Is Leading Application Segment
The bakery and confectionery segment holds the largest market share of Saudi Arabia Food Fibers Market by application. The segment encompasses a wide range of products, such as bread, pastries, cookies, and sweets, which are staples in the Saudi Arabian diet. Bakery and confectionery items are popular and widely consumed across all demographics, making the segment a dominant player in Saudi Arabia Food Fibers Market by application. The demand for fiber-enriched bakery and confectionery products aligns with the growing consumer interest in healthier food choices, further contributing to the prominence of the segment in the market, with sustained growth and innovations in product offerings. The other major application segments in Saudi Arabia Food Fibers Market include dairy; meat, poultry, and seafood; beverages; and ready to eat products.
Competitive Landscape
Saudi Arabia Food Fibers Market is fiercely competitive. Major companies in the market include Cargill, DuPont, Ingredion, Kerry Group, Roquette, Tate & Lyle, Fiberstar, SunOpta, Grain Processing Corporation, and Cosucra. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Saudi Arabia Food Fibers Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Saudi Arabia Food Fibers Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Food Fibers Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
116 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Saudi Arabia Food Fibers Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing health consciousness due to the increased cases of heart diseases, cancer, and diabetes
- 3.2.1.2. Increasing demand for food fibers from the bakery and confectionery, dairy, and beverage industries
- 3.2.2. Restraints
- 3.2.2.1. High cost of food fibers
- 3.2.2.2. Lack of awareness of the benefits of food fibers
- 3.2.3. Opportunities
- 3.2.3.1. Growing popularity of prebiotic
- 3.2.3.2. Development of new food fiber sources
- 3.2.4. Challenges
- 3.2.4.1. Consumer preferences
- 3.2.4.2. Government regulations
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Saudi Arabia Food Fibers Market Overview
- 4.1. Market Size & Forecast, 2019–2030
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Type
- 4.2.1.1. Soluble Fibers
- 4.2.1.2. Insoluble Fibers
- 4.2.2. By Application
- 4.2.2.1. Dairy
- 4.2.2.2. Meat, Poultry, and Seafood
- 4.2.2.3. Bakery & Confectionery
- 4.2.2.4. Beverages
- 4.2.2.5. RTE Products
- 4.2.2.6. Others
- 5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. South Africa Insurance Company Market Share Analysis, 2023
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
- 6. Impact of Escalating Geopolitical Tensions on Saudi Arabia Food Fibers Market
- 7. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 7.1. Cargill
- 7.2. DuPont
- 7.3. Ingredion
- 7.4. Kerry Group
- 7.5. Roquette
- 7.6. Tate & Lyle
- 7.7. Fiberstar
- 7.8. SunOpta
- 7.9. Grain Processing Corporation
- 7.10. Cosucra
- 7.11. Other Prominent Players
- 8. Key Strategic Recommendations
- 9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Region
- 9.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 Saudi Arabia Food Fibers Segmentation
- Figure 2 Saudi Arabia Food Fibers Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Saudi Arabia Food Fibers Market Size, By Value (USD Million), 2019–2030
- Figure 5 Saudi Arabia Food Fibers Market Share, By Type, By Value, 2019–2030
- Figure 6 Saudi Arabia Food Fibers Market Share, By Application, By Value, 2019–2030
- Figure 7 Saudi Arabia Food Fibers Market Share, By Application, By Value, 2019–2030
- Figure 8 Saudi Arabia Food Fibers Market Share, By Distribution Channel, By Value, 2019–2030
- Figure 9 Saudi Arabia Food Fibers Market Share, By Construction, By Value, 2019–2030
- Figure 10 Saudi Arabia Food Fibers Market Share, By Seasonality, By Value, 2019–2030
- Figure 11 Saudi Arabia Food Fibers Market Share, By Material, By Value, 2019–2030
- List of Tables
- Table 1 Saudi Arabia Food Fibers Market Size, By Value (USD Million), 2019–2030
- Table 2 Saudi Arabia Food Fibers Market Share, By Type, By Value, 2019–2030
- Table 3 Saudi Arabia Food Fibers Market Share, By Application, By Value, 2019–2030
- Table 4 Cargill Company Overview
- Table 5 Cargill Financial Overview
- Table 6 DuPont Company Overview
- Table 7 DuPont Financial Overview
- Table 8 Ingredion Company Overview
- Table 9 Ingredion Financial Overview
- Table 10 Kerry Group Company Overview
- Table 11 Kerry Group Financial Overview
- Table 12 Roquette Company Overview
- Table 13 Roquette Financial Overview
- Table 14 Tate & Lyle Company Overview
- Table 15 Tate & Lyle Financial Overview
- Table 16 Fiberstar Company Overview
- Table 17 Fiberstar Financial Overview
- Table 18 SunOpta Company Overview
- Table 19 SunOpta Financial Overview
- Table 20 Grain Processing Corporation Company Overview
- Table 21 Grain Processing Corporation Financial Overview
- Table 22 Cosucra Company Overview
- Table 23 Cosucra Financial Overview
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