The fiber market is expected to register a CAGR of 12% over the forecast period, with a valuation of US$7.9 billion in 2022 and an estimated valuation of US$24.5 billion by 2032.
The global fibert market is majorly driven by the increasing demand by the food and beverage industry. Fibert is used in various food and beverage products including, bakery, confectionery, ice cream, spreads, desserts, and alcoholic and non-alcoholic beverages.
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Flourishing Food and Processing Food Industry is increasing the Demand of the Fiberts in the Global Market
The consumption of fibert in the world is dominated by the Western countries, especially European countries since fiberts are staple in the confections and baked goods in these countries. The consumption of these products is rising in developing nations such as Asian and Middle Eastern countries by the adoption of food culture from European countries.
The shift in the eating habits and the adoption of Western food culture is supported by the increasing disposable income of the consumers in the developing nations. Owing to this the demand for the fiberts in the global market is increasing.
Fiberts are a good source of dietary fibers and polyphenols that have various health benefits, such as weight management, reducing risk of heart disease, lowering cholesterol levels, and controlling blood sugar level. These health benefits also contribute to the increasing popularity and demand of the fiberts in the global market.
Also, fiberts are used in functional foods. Since the health consciousness around the world is increasing due to the increasing prevalence of the diseases, functional food is in high demand. High demand for functional food in the world is driving the global fiberts market.
Fiberts are also used significantly in cosmetics and personal care products. They are used in these products as skin-conditioning agents and also for the formulation of skin care products. The use of cosmetics and personal care products in the developing nations are surging at a rapid pace, due to the entering and penetration of international cosmetics brand.
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Fiberts Market: Regional Analysis
The production of fibert is majorly occurring in countries such as Turkey, Georgia, Spain, and Italy. However, the global fibert market is occupied by the European and North American countries, at present, owing to the developed and well-established food industry.
The fiberts market participants have increased opportunity in the Asia Pacific and the Middle East and African region. Increasing middle-class population, their income, and an increase in the GDP of the countries in these regions are resulting in the increasing purchasing power of the consumer that in turn, increasing the demand for the fiberts in the global market.
Fiberts Market: Key Participants
Some of the market participants in the fiberts market are:
- Barry Callebaut AG
- Arslantürk
- Oregon Orchard
- Royal Nut Company
- Weaver Nut
- Kanegrade Limited
- Oregon Hazelnut
- Karimex
- Geonuts Limited
- Durak Findik
- Ferrero International S.A.
- Olam International
The research report presents a comprehensive assessment of the fiberts market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as form, grade, and end use.
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The report covers exhaustive analysis on
- Fiberts Market Segments
- Fiberts Market Dynamics
- Fiberts Market Size
- Fiberts Supply and Demand
- Current Trends/Issues/Challenges pertaining to Fiberts Market
- Competition Landscape and Emerging Market Participants in Fiberts Market
- Technology related to Production/Processing of Fiberts
- Value Chain Analysis of the Fiberts Market
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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