Carrot Fiber Market to Surpass US$ 484.1 Million at a CAGR of 6.2% by 2034, States Fact.MR

Rockville, Jan. 16, 2024 (GLOBE NEWSWIRE) -- As per a new industry analysis by Fact.MR, a market research and competitive intelligence provider, the global Carrot Fiber Market is estimated to be valued at US$ 264 million in 2024 and is projected to expand at a CAGR of 6.2% from 2024 to 2034. North America currently leads global carrot fiber consumption and the Asia Pacific region follows as more consumers across India and China seek nutritious fiber-fortified snacks, bread, and other baked goods. The continuous growth of health-conscious consumer segments worldwide underscores the relevance of carrot fiber in shaping the future of functional food ingredients.

A single medium-sized carrot, weighing approximately 61 grams, contributes 2 grams of dietary fiber. Carrot fiber, known for its nutritional content and potential health-promoting properties, aligns seamlessly with health and wellness trends across the globe.

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Key Segments of Carrot Fiber Market Research Report   

Inclusion of carrot fiber in various food products reflects the industry's response to evolving consumer preferences, establishing carrot fiber as a pivotal ingredient in the food sector. These include the rising demand for gut health supplements as well as the growing popularity of plant-based alternatives in the food and pharmaceutical sectors, which is projected to drive market growth in the coming years.

Key Takeaways from Market Study

• The global carrot fiber market is projected to expand at 6.2% CAGR and reach US$ 484.1 million by 2034-end.
• The market is estimated at a valuation of US$ 264 million in 2024.
• Upcycled carrot fiber demand is forecasted to rise at a CAGR of 7.5% from 2024 to 2034.
• The United States market is projected to reach a valuation of US$ 92.3 million by the end of 2034.

“Getting enough dietary fiber is linked to lowered risks of heart disease, diabetes, and certain cancers. Carrot fiber-based food products are in high demand due to their health benefits, as validated by research. Growing interest in locally sourced and minimally processed ingredients is also driving demand for carrot fiber,” says a Fact.MR analyst.

Market Growth Strategies

Carrot fiber manufacturers are using a variety of strategies to improve their standing and maintain their market competitiveness. Creation of organic and natural product lines, use of sustainably sourced raw materials for fiber production, introduction of a variety of product forms with distinct flavors and forms, consumer-focused packaging and marketing tactics, establishment of long-lasting alliances and collaborations, online retailing and door-to-door delivery options, and regulatory compliance are some of these strategies.

• Bolthouse, a leading manufacturer of carrot fiber, harvests and processes around 1,000 tons of fresh, non-organic carrots each day, specifically for the creation of fresh baby peeled carrots.

A noteworthy aspect of these companies’ operations involves innovation and production of carrot fiber derived from the byproducts generated during the manufacturing of baby peeled carrots. This innovative approach serves to address environmental concerns by eliminating the need to dispose of roughly 100 tons of carrot waste daily.

As per Fact.MR’s research, the global carrot fiber market is fragmented in nature and led by UNIPEKTIN Ingredients, NutriLeads, Bolthouse Farms, Inc., and riha WeserGold Getränke GmbH & Co. KG. Among these, UNIPEKTIN Ingredients accounted for 9% share of the global carrot fiber market in 2023.

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the carrot fiber market, presenting historical market data for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study reveals essential insights based on label (organic, conventional), processing type (bleached, unbleached), source (upcycled, non-upcycled), and application (food, beverages, pharmaceuticals, animal nutrition), across seven regions (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

Fact.MR’s Domain Knowledge in the Food & Beverages Division

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned food and beverages domain team at Fact.MR helps clients from across the globe with their unique business intelligence needs

With a repertoire of over a thousand reports and 1 million-plus data points, the team has analyzed the food & beverages domain across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help

Checkout More Related Studies Published by Fact.MR Research:

Citrus Fiber Market: The global citrus fiber market is valued at US$ 317 million in 2022 and is expected to reach US$ 550 million by the end of 2032. Demand opportunities in the market are likely to increase at a CAGR of 5.6% through 2032.

Insoluble Fiber Market: The global insoluble fiber market is projected to expand at a CAGR of 6% over the 2021 to 2031 forecast period, with demand for use in functional food & beverages the highest.

Prebiotic Fiber Market: The global prebiotic fiber market, valued at US$ 7.08 billion in 2023, is projected to expand at a high-value CAGR of 10.9% and reach US$ 19.94 billion by the end of 2033.

About Us:

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.

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