Saudi Arabia Food Fibers Market
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
- Published Date: November 2024
- Report ID: BWC24898
- Available Format: PDF
- Page: 116
Report Overview
An increasing focus on healthy eating for the prevention and management of rising prevalence of lifestyle-related diseases including obesity and diabetes, rising awareness about the health benefits of consuming dietary fibers, and Saudi government’s initiatives to promote healthier food consumption are expected to boost the growth of Saudi Arabia Food Fibers Market during the forecast period between 2024 and 2030.
Saudi Arabia Food Fibers Market – Industry Trends & Forecast Report, 2030
Saudi Arabia Food Fibers Market size was estimated at USD 89 million in 2023. During the forecast period between 2024 and 2030, Saudi Arabia Food Fibers Market size by value is projected to grow at a CAGR of 7.10% reaching a value of USD 133.53 million by 2030. Major driving factors for Saudi Arabia Food Fibers Market include the increasing awareness of 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. Government initiatives promoting healthier eating habits and consumer demand for functional foods have also spurred market growth. Also, a rapidly expanding population and rising disposable incomes have led to greater consumer spending on fiber-rich products. Furthermore, food manufacturers are innovating and incorporating fibers into various products to meet the evolving dietary preferences of the Saudi Arabian market, further fueling this sector's expansion.
Food Fibers - Overview
Food fibers, often referred to as dietary fibers, are essential components of plant-based foods that cannot be digested by the human body. They come in two main categories: soluble and insoluble fibers. Soluble fibers, found in foods like oats and beans, dissolve in water and can help lower cholesterol and stabilize blood sugar levels. Insoluble fibers, found in wheat bran and vegetables, do not dissolve and add bulk to stool, aiding in digestion. Consuming a diet rich in food fibers offers various health benefits, including improved digestive health, weight management, and reduced risk of chronic diseases such as heart disease and diabetes.
Saudi Arabia Food Fibers Market
Growth Drivers
Growing Awareness about Health and Wellness
Saudi Arabia Food Fibers Market is experiencing robust growth, primarily driven by the rising health consciousness among consumers. As individuals become more aware of the importance of a balanced diet, there is a growing demand for fiber-rich foods that promote digestive health and weight management. Additionally, government initiatives and public awareness campaigns on healthy eating habits have further accelerated this trend. The market's expansion is also supported by a surge in functional foods and dietary supplements containing fiber. These factors collectively contribute to the thriving Saudi Arabia Food Fibers Market, which is poised for continued growth.
Restraints
Stringent Regulations
The growth of Saudi Arabia Food Fibers Market faces a significant constraint in the form of stringent regulatory requirements. Government regulations, including labeling, quality standards, and import/export restrictions, pose challenges for both domestic producers and international players seeking to enter the market. Compliance with these regulations not only increases operational costs but also limits the variety of food fibers available to consumers. Therefore, the market struggles to achieve its full growth potential and diversify its product offerings, hindering the development of a more robust and competitive food fibers industry in the region.
Impact of Escalating Geopolitical Tensions on Saudi Arabia Food Fibers Market
Intensifying geopolitical tensions among countries and further spreading across the major regions, particularly in the Middle East, may adversely affect the growth of Saudi Arabia Food Fibers Market. Escalating economic, trade, and political uncertainties could affect global supply chains, especially for raw materials and food products. Trade and economic sanctions on major exporters like Russia add to the increasing expenses of food fibers, potentially affecting the companies’ operating margins. Additionally, heightened security concerns may lead to a fluctuating demand for food fibers in Saudi Arabia. Consequently, escalating geopolitical tensions could adversely impact the growth of Saudi Arabia Food Fibers Market.
Saudi Arabia Food Fibers Market
Segmental Coverage
Saudi Arabia Food Fibers Market – By Type
Based on type, Saudi Arabia Food Fibers Market is bifurcated into Soluble Fibers and Insoluble Fibers segments. These segments represent the primary components of the market. While the specific size or market share of each segment is not provided in the given information, it is clear that these two segments are the most significant within Saudi Arabia Food Fibers Market, with each playing a crucial role in meeting consumer demands for dietary and nutritional needs.
Saudi Arabia Food Fibers Market – By Application
On the basis of application, Saudi Arabia Food Fibers Market is divided into Dairy, Meat, Poultry, and Seafood, Bakery & Confectionery, Beverages, and RTE Products. Bakery & confectionery is the largest application segment of Saudi Arabia Food Fibers Market. 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 bakery & confectionery segment a dominant player in Saudi Arabia Food Fibers Market. 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 this segment in the market, with sustained growth and innovation in product offerings.
Competitive Landscape
Major players in Saudi Arabia Food Fibers Market include Cargill, DuPont, Ingredion, Kerry Group, Roquette, Tate & Lyle, Fiberstar, SunOpta, Grain Processing Corporation, and Cosucra. To expand their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2023 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period – 2024–2030 |
|
Facts Covered |
Revenue in USD Million |
Market Coverage |
Saudi Arabia |
Product/ Service Segmentation |
Type, Application |
Key Players |
Cargill, DuPont, Ingredion, Kerry Group, Roquette, Tate & Lyle, Fiberstar, SunOpta, Grain Processing Corporation, Cosucra |
By Type
-
Soluble Fibers
-
Insoluble Fibers
By Application
-
Dairy
-
Meat, Poultry, and Seafood
-
Bakery & Confectionery
-
Beverages
-
RTE Products
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Saudi Arabia Food Fibers Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Growing health consciousness due to the increased cases of heart diseases, cancer, and diabetes
- Increasing demand for food fibers from the bakery and confectionery, dairy, and beverage industries
- Restraints
- High cost of food fibers
- Lack of awareness of the benefits of food fibers
- Opportunities
- Growing popularity of prebiotic
- Development of new food fiber sources
- Challenges
- Consumer preferences
- Government regulations
- Growth Drivers
- Technology Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Saudi Arabia Food Fibers Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Type
- Soluble Fibers
- Insoluble Fibers
- By Application
- Dairy
- Meat, Poultry, and Seafood
- Bakery & Confectionery
- Beverages
- RTE Products
- Others
- By Type
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- South Africa Insurance Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships)
- Impact of Escalating Geopolitical Tensions on Saudi Arabia Food Fibers Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- Cargill
- DuPont
- Ingredion
- Kerry Group
- Roquette
- Tate & Lyle
- Fiberstar
- SunOpta
- Grain Processing Corporation
- Cosucra
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*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
Market Segmentation
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