Global Plant-based Fiber Market Overview
Plant-based Fiber Market was estimated at 14.27 (USD Billion) in 2022. It is expected to grow from 15.96 (USD Billion) in 2023 to 43.7 (USD Billion) by 2032. The Plant-based Fiber Industry CAGR (growth rate) is expected to be around 11.84% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Plant-based Fiber Market Trends Highlighted
The market for plant-based fibers is being driven by the increasing popularity of veganism and the increased knowledge of the health advantages of plant-based diets. The transition to plant-based substitutes is also being fueled by environmental concerns about the manufacture of animal-based textiles.
There are opportunities in the development of ecological and economical production methods as well as in the investigation of novel sources of plant-based fibers, such as algae and mushrooms.
Furthermore, there is unrealized potential in researching the creation of blends with special qualities including improved biodegradability and antibacterial capabilities.
Consumer demand for clean-label and minimally processed plant-based fibers is rising, as evidenced by recent trends.
Customers want products created with identifiable, natural ingredients and demand openness in ingredient listings. Additionally, plant-based fiber products are now more widely available to consumers worldwide due to the rising popularity of e-commerce platforms.
Plant-based Fiber Market Drivers
Rising Demand for Plant-Based Food Products
The growing popularity of plant-based diets is a major driver of the plant-based fiber market. Consumers are increasingly seeking out plant-based alternatives to meat, dairy, and other animal products due to concerns about health, the environment, and animal welfare.
This has led to a surge in demand for plant-based ingredients, including plant-based fibers. Plant-based fibers are used to add texture, structure, and nutritional value to plant-based food products, making them more appealing to consumers.
The rising demand for plant-based food products is expected to continue to drive growth in the plant-based fiber market in the coming years. In addition to the growing popularity of plant-based diets, there are several other factors that are contributing to the rising demand for plant-based fibers.
These include the increasing awareness of the health benefits of plant-based fibers, the growing number of food and beverage manufacturers that are offering plant-based products, and the increasing availability of plant-based fibers on the market.
As a result of these factors, the plant-based fiber market is expected to continue to experience strong growth in the coming years.
Growing awareness of the health benefits of plant-based Fiber
Plant-based fibers are an important part of a healthy diet. They can help to lower cholesterol, improve blood sugar control, and reduce the risk of heart disease and other chronic diseases. The growing awareness of the health benefits of plant-based Fiber is driving demand for these products in the Plant-based Fiber Market.
Increasing use of plant-based fibers in food and beverage applications
Plant-based fibers are being increasingly used in food and beverage applications as a way to improve the nutritional value and texture of products. They can be used to replace animal-based ingredients, such as meat and dairy, and can also be used to create new and innovative plant-based products.
The increasing use of plant-based fibers in food and beverage applications is expected to continue to drive growth in the Plant-based Fiber Market.
Plant-based Fiber Market Segment Insights
Plant-based Fiber Market Fiber Type Insights
The Plant-based Fiber Market is segmented based on fiber type into cellulose, hemicellulose, lignin, pectin, starch, and others. Among these, cellulose held the largest market share in 2023 and is projected to continue its dominance throughout the forecast period.
The high demand for cellulose can be attributed to its wide range of applications in various industries, including papermaking, textile manufacturing, and food processing. Hemicellulose is another important fiber type that is gaining traction in the market. It is primarily used as an additive in food products to enhance their texture and nutritional value.
Pectin, on the other hand, is a natural polysaccharide that is widely used in the food industry as a gelling agent, stabilizer, and thickener. Lignin, a complex organic polymer, is primarily used as a binding agent in composite materials and as a source of biofuel.
Starch, a complex carbohydrate, is commonly used as a thickening agent in food products and as a source of glucose in the food and beverage industry. The "Others" segment of the Plant-based Fiber market includes various other fiber types, such as chitin, chitosan, and inulin.
These fibers are gaining popularity due to their unique properties and potential applications in various industries, including healthcare, cosmetics, and agriculture.
The Plant-based Fiber Market is expected to witness significant growth in the coming years, driven by increasing demand from various end-use industries. The market is projected to reach a valuation of USD 20.36 billion by 2024, expanding at a CAGR of 12.1% during the forecast period.
Asia-Pacific is expected to be the fastest-growing regional market, owing to the rising demand for plant-based products in the region.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Plant-based Fiber Market Source Insights
The Source segment of the Plant-based Fiber Market is expected to grow significantly in the coming years, driven by the increasing demand for plant-based products and the growing awareness of the health benefits of plant-based Fiber.
The Plant-based Fiber Market is segmented into various sources, including Fruits and Vegetables, Cereals and Grains, Legumes and Pulses, Oilseeds, Nuts and Seeds, and Others. Fruits and Vegetables are the leading source of plant-based Fiber, accounting for a significant share of the Plant-based Fiber Market revenue.
Cereals and Grains are another major source of plant-based Fiber, with a wide range of applications in the food and beverage industry. Legumes and Pulses are also a good source of plant-based Fiber, and they are gaining popularity due to their high protein content.
Oilseeds are another important source of plant-based Fiber, and they are used in a variety of products, including edible oils and margarine. Nuts and Seeds are also a good source of plant-based Fiber, and they are often used as a topping or snack. The Others segment includes various other sources of plant-based Fiber, such as algae and seaweed.
Plant-based Fiber Market Application Insights
The application segment of the Plant-based Fiber Market is poised for significant growth, with diverse applications driving market expansion. In 2023, the Food and Beverage segment held the largest market share, accounting for around 45% of the revenue.
Dietary Supplements and Pharmaceuticals are also expected to contribute substantially to the market growth, driven by rising consumer awareness about health and wellness. Personal Care and Cosmetics, Industrial, and other applications are anticipated to witness steady growth due to the increasing adoption of plant-based fibers in these industries.
The Plant-based Fiber Market is expected to reach a value of around USD 20 billion by 2024, exhibiting a CAGR of approximately 12% during the forecast period.
Plant-based Fiber Market Form Insights
The Plant-based Fiber Market revenue from the Form segment was valued at USD 7.5 billion in 2023 and is expected to reach USD 20.6 billion by 2032, exhibiting a CAGR of 12.3% during the forecast period.
The increasing demand for plant-based products is primarily driven by the rising health consciousness among consumers and the growing vegan population. Among the different forms, powders are anticipated to hold a substantial share of the market over the forecast period.
The ease of incorporation of powders into various food and beverage products, coupled with their extended shelf life, is contributing to their popularity.
Flakes, owing to their nutritional value and versatility, are also expected to witness significant growth. The market for fibers and gels is projected to expand steadily, driven by their use as thickeners and stabilizers in food applications. Others, including plant-based gums and starches, are gaining traction as natural alternatives to synthetic additives, further fueling the growth of the segment.
Plant-based Fiber Market Regional Insights
The regional segmentation of the Plant-based Fiber Market presents distinct market dynamics and growth opportunities. North America holds a significant market share, driven by growing consumer awareness of plant-based diets and the presence of key industry players.
Europe follows closely, with a strong focus on sustainability and healthy eating, leading to increased demand for plant-based fibers.
The APAC region is projected to witness substantial growth, fueled by rising disposable incomes and a growing middle class. South America and MEA are emerging markets with untapped potential, offering opportunities for market expansion.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Plant-based Fiber Market Key Players and Competitive Insights
Major players in the Plant-based Fiber Market are actively participating in the development of innovative products and technologies to meet the evolving needs of customers. Leading Plant-based Fiber Market players are investing heavily in research and development to create new and improved Plant-based Fiber Market products.
The competitive landscape is characterized by intense competition among established players, as well as the entry of new entrants into the market. Companies are adopting various strategies such as mergers, acquisitions, and partnerships to gain a competitive edge in the Plant-based Fiber Market.
DuPont is a leader in the production of plant-based fibers. The company offers a wide range of plant-based fibers, including cellulose fibers, starch fibers, and protein fibers. DuPont's plant-based fibers are used in a variety of applications, including food, beverages, pharmaceuticals, and personal care products.
The company has a strong presence with manufacturing facilities in North America, Europe, and Asia. DuPont is committed to sustainability and innovation, and the company is actively investing in the development of new and improved plant-based fibers.
Cargill is another major player in the Plant-based Fiber Market. The company offers a wide range of plant-based fibers, including cellulose fibers, starch fibers, and protein fibers. Cargill's plant-based fibers are used in a variety of applications, including food, beverages, pharmaceuticals, and personal care products.
The company has a strong presence with manufacturing facilities in North America, Europe, and Asia. Cargill is committed to sustainability and innovation, and the company is actively investing in the development of new and improved plant-based fibers.
Key Companies in the Plant-based Fiber Market Include
- ADM
- BASF
- NatureWorks
- DuPont
- Cargill
- SABIC
- Teijin
- Kuraray
- Evonik
- Ingredion
- Lenzing AG
- Archroma
- Lyocell fibers
- Solvay
Plant-based Fiber Market Developments
The plant-based fiber market is projected to grow significantly in the coming years, driven by rising consumer demand for sustainable and healthy food products. Key factors contributing to this growth include the increasing prevalence of vegan and vegetarian diets, growing awareness about the health benefits of plant-based fibers, and government initiatives to promote sustainable agriculture practices.
Recent news developments include the launch of new plant-based fiber products by major food companies, such as Nestle's launch of a pea-based milk alternative and Unilever's acquisition of The Vegetarian Butcher, a leading plant-based meat producer. These developments indicate the growing interest and investment in the plant-based fiber market as consumers seek more sustainable and healthy food options.
Plant-based Fiber Market Segmentation Insights
Plant-based Fiber Market Fiber Type Outlook
-
- Cellulose
- Hemicellulose
- Lignin
- Pectin
- Starch
- Others
Plant-based Fiber Market Source Outlook
-
- Fruits and Vegetables
- Cereals and Grains
- Legumes and Pulses
- Oilseeds
- Nuts and Seeds
- Others
Plant-based Fiber Market Application Outlook
-
- Food and Beverage
- Dietary Supplements
- Pharmaceuticals
- Personal Care and Cosmetics
- Industrial
- Others
Plant-based Fiber Market Form Outlook
-
- Powder
- Flakes
- Fibers
- Gels
- Others
Plant-based Fiber Market Regional Outlook
-
- North America
- Europe
- South America
- Asia-Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
14.27(USD Billion) |
| Market Size 2023 |
15.96(USD Billion) |
| Market Size 2032 |
43.7(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
11.84% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
ADM, BASF, NatureWorks, DuPont, Cargill, SABIC, Teijin, Kuraray, Evonik, Ingredion, Lenzing AG, Archroma, Lyocell fibers, Solvay |
| Segments Covered |
Fiber Type, Source, Application, Form, Regional |
| Key Market Opportunities |
Plant-based meat alternatives Dairy alternatives Bakery and confectionery applications Textile and clothing industry Packaging and paper industry |
| Key Market Dynamics |
1 Rising Veganism 2 Health and Wellness 3 Environmental Concerns 4 Technological Advancements 5 Product Innovation |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Plant-based Fiber Market was valued at USD 15.96 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 11.84% from 2024 to 2032, reaching a total market size of USD 43.7 billion by 2032.
The key regions in the Plant-based Fiber Market are North America, Europe, Asia-Pacific, and the Rest of the World. North America is the largest market, followed by Europe and Asia-Pacific. The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.
Plant-based Fiber is used in a wide range of applications, including food and beverages, dietary supplements, pharmaceuticals, and personal care products. The food and beverage industry is the largest application segment, accounting for over 50% of the market.
The key competitors in the Plant-based Fiber Market include Archer Daniels Midland Company, Cargill, Incorporated, DuPont de Nemours, Inc., Ingredion Incorporated, and Tate & Lyle PLC.
The growth of the Plant-based Fiber Market is driven by a number of factors, including the increasing demand for plant-based foods and beverages, the growing awareness of the health benefits of plant-based Fiber, and the rising disposable income in developing countries.
The key trends in the Plant-based Fiber Market include the increasing demand for clean-label products, the growing popularity of e-commerce, and the rising demand for plant-based Fiber in emerging markets.
The Plant-based Fiber Market faces a number of challenges, including the high cost of production, the limited availability of raw materials, and the regulatory hurdles associated with the use of plant-based Fiber in food and beverage products.
The outlook for the Plant-based Fiber Market is positive. The market is expected to continue to grow at a steady pace over the next decade, driven by the increasing demand for plant-based foods and beverages and the growing awareness of the health benefits of plant-based Fiber.
The key opportunities for growth in the Plant-based Fiber Market include the development of new plant-based fiber sources, the expansion of the plant-based food and beverage market, and the growing demand for plant-based Fiber in emerging markets.
The key threats to growth in the Plant-based Fiber Market include the high cost of production, the limited availability of raw materials, and the regulatory hurdles associated with the use of plant-based Fiber in food and beverage products.
