The global wheat fiber market size was US$ 921.1 million in 2021. The global wheat fiber market size is forecast to reach US$ 1637.8 million by 2030, growing at a compound annual growth rate (CAGR) of 6.6% during the forecast period from 2022 to 2030.
A dietary fiber made from the wheat plant is called wheat fiber. The wheat fiber powder is odorless, white to light beige, and fibrous. Wheat Fiber has a fiber content of at least 95.0% and is available in a variety of grades for use in a wide range of applications.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 had a positive impact on the global wheat fiber market in 2020, resulting in companies increasing their production and sales. COVID-19 has affected the physical and mental well-being of almost everyone around the world as well as the overall health and wellness of consumers. During COVID-19, the wheat fiber industry benefited from consumers searching for healthier ways of living and improved dietary habits. As wheat fiber increases immunity and could help fight against COVID-19 disease, consumers adopt wheat fiber, which, in turn, drives the market growth.
Regional Insights
North America held dominant in the market and is forecast to grow at a significant rate during the forecast period. As consumers become more informed about their dietary intake, the market is forecast to grow rapidly. Due to the concentration of market players, insoluble fiber production is increasing. Thus, driving the region's growth.
Leading Competitors
The leading prominent companies profiled in the global wheat fiber market are:
Scope of the Report
The global wheat fiber market segmentation focuses on Nature, Application, and Region.
Segmentation based on Nature
Segmentation based on Application
Segmentation based on Region