Saudi Arabia Food Fibers Market Size Set to Cross USD 133 Million by 2030

Published | 28 November 2024

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.

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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.

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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.

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