Apple Fiber Market Size, Share, Growth, and Industry Growth by Type (Regular Apple Fiber and Organic Apple Fiber) By Application (Dietary Supplements and nutraceuticals, Bakery and Confectionery, Processed Meat Products, Beverages, Soups and Sauces, and Pet Food) Regional Forecast From 2023 To 2030

Updated On: 22 April 2024

APPLE FIBER MARKET REPORT OVERVIEW 

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The global apple fiber market size was USD 13.99 million in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with apple fiber experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is projected to touch USD 23.13 million by 2027, exhibiting a CAGR of 8.74% during the forecast period. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Apple fiber is used to improve digestive tract performance. This fiber is present after apples are pressed for juice. The products are usually made by apple pomace produced from the processing of apples.

Several health benefits of apple fiber are estimated to drive market growth. Massive awareness about the health benefits of the product such as improving health by aiding in controlling weight, an excellent source of antioxidants, maintaining the brain, strengthening the immunity system, and reducing inflammation. The health benefits of fiber are anticipated to drive market growth in the forthcoming years. Further, it contains flavan3-ols, flavonols, flavonoids, and anthocyanin which help in weight reduction. The fiber has several applications in edible products such as donuts & fritters, bread, cookie fillings, cookies, dried salad seasonings, muffins, horse treats, nutraceuticals, and sausages. Increased need for beverages and organic food products is predicted to foster apple fiber market growth.  In addition, it has extended properties such as low-cost bulking agents, natural thickening agents, fruit extenders, and a fat reducer. These properties are anticipated to drive market growth in the upcoming years. Improvement in the standard of living and increased per capita income are expected to push market progress. A growing number of pharmaceutical companies and rapid urbanization is anticipated to attribute to market development. On the contrary, the high cost of the product is predicted to limit market growth in the upcoming years.

COVID-19 Impact: Closure of Manufacturing Units and Lockdown Restriction to Harm Market Growth

The shutting down of the food & beverage sector minimized market growth. Lockdown restrictions and closure of manufacturing units to limit the market growth. Travel bans and fluctuation of raw material prices harm import and export activities.

LATEST TRENDS

"High Demand for Organic Apple Fiber to Surge Market Growth"

Increased demand for organic apple fiber is estimated to surge market growth. The fiber is made from high-quality organic apples. The product has no pesticides or synthetic chemicals. Further, the processing process of the product does not involve any additives or artificial preservatives. The product is healthier than any alternative in food products, which is estimated to surge market growth. Further, it contains flavan3-ols, flavonols, flavonoids, and anthocyanin which help in weight reduction. The fiber has several applications in edible products such as donuts & fritters, bread, cookie fillings, cookies, dried salad seasonings, muffins, horse treats, nutraceuticals, and sausages. These factors are estimated to drive market growth in the forthcoming years.

APPLE FIBER MARKET SEGMENTATION 

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• By Type

Based on type, the market is divided into regular apple fiber and organic apple fiber.

Regular apple fiber is expected to be the top part of the segmentation type.

• By Application

Based on the application, the market is divided into bakery and confectionery, dietary supplements and nutraceuticals, processed meat products, beverages, soups and sauces, and pet food.

Dietary supplements and nutraceuticals are expected to be the top part of application segmentation.

DRIVING FACTORS

"Huge Demand from Pharmaceuticals Sectors to Surge Market Growth "

Increased demand for the product in the pharmaceutical sector and high need for manufacturing pharmaceuticals products. The product offers to form capsules and tablets and helps to improve their binding properties. It also helps in exhibiting prebiotic properties which help in the growth of gut bacteria. Massive awareness about the health benefits of the product such as improving health by aiding in controlling weight, an excellent source of antioxidants, maintaining the brain, strengthening the immunity system, and reducing inflammation. The health benefits of the product are anticipated to drive market growth in the forthcoming years.

"Increased Need for Functional Food to Fuel Market Growth"

Increasing demand for functional food is anticipated to accelerate market growth. Apple fiber is considered a popular food ingredient in functional food. It helps to maintain cholesterol levels and improve gut health because it has a high amount of dietary fiber. The product has vitamins C and A and also several minerals such as iron, magnesium, and calcium. These health benefits of the product are estimated to foster market growth.  In addition, it has extended properties such as low-cost bulking agents, natural thickening agents, fruit extenders, and a fat reducer. These properties are anticipated to drive market growth in the upcoming years. Improvement in the standard of living and increased per capita income are expected to push market progress. A growing number of pharmaceutical companies and rapid urbanization is anticipated to attribute market growth.

RESTRAINING FACTORS

"High Cost of the Product to Limit Market Growth "

The high cost of the product is predicted to limit market growth in the upcoming years.

APPLE FIBER MARKET REGIONAL INSIGHTS 

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"Increased Awareness among Consumers and Growth in Pharmaceutical Companies to Drive Market Share  "

North America is anticipated to account for apple fiber market share due to increased awareness among consumers and a growing number of pharmaceutical companies. Increased per capita income and growing need for pharmaceutical companies. These factors are estimated to drive market growth.

Europe is estimated to have a steady growth rate due to an increased number of pharmaceutical and food companies. Improvement in the standard of living and increased per capita income are expected to push market progress. A growing number of pharmaceutical companies and rapid urbanization is anticipated to attribute market growth

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• LaBudde Group (U.S.)
• Herbafood Ingredients GmbH (Germany)
• Lubrizol Corporation (U.S.)
• Marshall Ingredients (U.S.)
• Xi'an DN Biology Co., Ltd (China)
• J. RETTENMAIER & SÖHNE GmbH + Co KG (Germany)
• Pestell Minerals & Ingredients Inc. (Canada)
• CFF GmbH & Co. KG (Germany)
• Mayer Brothers (U.S.)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.