Carrot Fiber Market

Carrot Fiber Market Analysis by Bleached and Unbleached for Food, Beverages, Pharmaceuticals, and Animal Nutrition from 2024 to 2034

Analysis of Carrot Fiber Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Carrot Fiber Market Overview (2024 to 2034)

According to a recent industry analysis by Fact.MR, the global carrot fiber market size is estimated at US$ 264 million in 2024 and is projected to expand at a CAGR of 6.2% to reach a value of US$ 484.1 million by the end of 2034.

Carrot fiber, extracted from carrots through advanced processing techniques, serves as a versatile ingredient in food products, offering functional properties such as moisture retention, texture improvement, and enhanced nutritional content. The market encompasses the cultivation of carrots, their transformation into fiber, and the subsequent incorporation of this ingredient into diverse products, including meat and bakery items.

Report Attributes Details
Carrot Fiber Market Size (2023A) US$ 249.3 Million
Estimated Market Value (2024E) US$ 264 Million
Forecasted Market Value (2034F) US$ 484.1 Million
Global Market Growth Rate
(2024 to 2034)
6.2% CAGR
China Market Size (2023) US$ 42.8 Million
United States Market Growth Rate (2024 to 2034) 5.2% CAGR
Key Companies Profiled
  • UNIPEKTIN Ingredients
  • NutriLeads
  • Bolthouse Farms, Inc.
  • riha WeserGold Getränke GmbH & Co. KG
  • Others

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Carrot Fiber Consumption Analysis (2019 to 2023) vs. Market Forecasts (2024 to 2034)

  • Historical Pathway Analysis

According to a study by Fact.MR, a market research and competitive intelligence provider, the global market for carrot fiber expanded at a CAGR of 4.4% from 2019 to 2023.

By the 2000s, carrot fiber had taken center stage in the food ingredients industry, finding extensive use in the preparation of central aisle products such as baked goods, yogurts, smoothies, and meal replacement bars. From 2010 to 2020, the production and utilization of carrot fiber exhibited significant growth. Advanced extraction technologies not only improved yields but also boosted profitability. Increased clinical research supported its health benefits, leading to approval for specific disease-related claims in certain regions.

Sales volume of carrot fiber grew from a few thousand tons annually in 2000 to over 18,000+ tons by 2020. While Europe and North America led the demand, the South Asia and Pacific markets also exhibited robust growth driven by health and wellness trends like plant-based diets, functional food ingredients, cosmetic and personal care applications, and more.

  • Market Outlook

Worldwide consumption of carrot fiber is projected to increase at a 5.9% CAGR through 2034, driven by its various nutritional and functional benefits. Continued scientific validation of its prebiotic and digestive health effects will support the growth of the carrot fiber market.

Food and beverage product innovations are set to utilize carrot fiber as a way to enhance formulations and provide perceived wellness benefits to consumers. This trend is projected to foster wider product adoption beyond specialty and natural channels.

South Asia & Pacific and Latin America, characterized by a rapidly growing middle-class population, present significant market opportunities. International companies are strategically investing in distribution and education within these regions.

Carrot fiber production is projected to double by 2034, in comparison to that in 2024, to meet the increasing demand, with new facilities featuring higher extraction yields coming online. Continuous technological advancements are forecasted to contribute to cost reduction and ensure a sustainable supply.

Growing interest in locally sourced and minimally processed ingredients may drive more localized small-scale production over time, and large commercial operations are still poised to dominate the market.

What are the Factors Driving Increased Sales of Carrot Fiber?

“Increasing Consumer Preference for Natural Food Ingredients”

Global carrot fiber market trends are being influenced by escalating consumer preference for natural and wholesome ingredients in food products. With a growing awareness of the impact of diet on health, consumers are actively seeking products that align with their desire for natural, plant-based options.

Carrot fiber meets this demand, offering a clean-label solution rich in nutritional benefits. As a result, manufacturers incorporating carrot fiber into their products can capitalize on this trend, appealing to health-conscious consumers who prioritize transparency and naturalness in their food choices. The increasing acknowledgment of the health benefits associated with carrot-derived fibers positions this market as a key part of the global food ingredient landscape.

“Continuous Innovations in Food Sector Entailing Products with Enhanced Nutritional Profile”

Global carrot fiber market growth is being significantly driven by continuous innovations in food product development. The versatile properties of carrot fiber include its ability to enhance texture, improve moisture retention, and contribute to the overall nutritional profile of food items. This makes carrot fiber a preferred choice for food technologists and product developers.

As the food sector adapts to changing consumer preferences and demands, carrot fiber provides a solution that aligns with the growing need for natural and functional ingredients. Its integration into various food categories, such as bakery products, snacks, and meat analogs, underscores its adaptability and contribution to the creation of innovative and enhanced food formulations. The ongoing pursuit of innovation within the food sector positions carrot fiber as a crucial ingredient in developing cutting-edge, consumer-centric food products.

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Why is Use of Carrot Fiber Gaining Traction across North America?

“Rising Adoption of Veganism Pushing Demand for Plant-based Food Ingredients”

In 2023, North America secured its position as the leading global carrot fiber market share holder at 59.9%. This regional dominance is projected to persist and even strengthen over the forecast period. This growth trajectory is primarily attributed to the increased popularity of dietary fiber products in the United States and Canada.

The increased popularity of carrot fiber is primarily due to its plant-based source and higher efficacy compared to other soluble fibers. This popularity can also be rationalized by the large number of consumers who have adopted veganism and prefer plant-based fiber. Rising health consciousness in North America is driving demand for natural remedies to support their well-being, which further drives carrot fiber market share.

Countries in North America, especially the United States, host a thriving natural medication industry, contributing to the heightened demand for carrot fiber. This, combined with increasing per capita income and rapid urbanization, has positively influenced carrot fiber market growth.

Category-wise Insights

What is Contributing to the Sales Growth of Organic Carrot Fiber?

“Growing Investments in Obtaining Organic Certifications”

Organic label carrot fiber is estimated to account for 43% of the market share in 2024 and is forecast to hold 46% of the market share by 2034. Consumer demand for organic and non-GMO-labelled products is rising globally. This is driving increased production and use of organic carrot fiber, which can be labeled and marketed as organic.

Major carrot fiber producers are investing in organic certification and supply chain infrastructure to better serve the organic market segment. Over time, this could shift the center of gravity in the market towards organic carrot fiber. These factors are strengthened by the expanding global e-commerce sector, which fuels the demand for food and beverage products.

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Competitive Landscape

In this dynamic landscape, key players in the carrot fiber industry are adopting effective strategies to enhance their positions and offerings. Companies are focusing on research and development, collaborations, and mergers and acquisitions.

  • UNIPEKTIN Ingredients AG is investing in research and development to improve the quality and functionality of its carrot fiber products. This includes developing new processing technologies that can extract higher concentrations of fiber from the carrot juice concentrate production process.
  • In October 2023, NutriLeads’ research on precision prebiotics, emphasizing the importance of prebiotic fiber structure in producing consistent, predictable gut health benefits, was presented at SupplySide West, where the company showcased BeniCaros in gummy products and discussed the scientific and commercial applications of the product.
  • In September 2022, NutriLeads BV entered into a commercial agreement with Royal DSM, aiming to introduce premix and market-ready solutions to the food ingredient market in the United States. These offerings include BeniCaros, NutriLeads' natural and award-winning functional ingredient designed to support immune health. The partnership is projected to enable accelerated innovation and product development of premixes and other custom solutions that support immunity via gut modulation.
  • Bolthouse Farms completed the acquisition of Evolution Fresh, a leading producer of premium cold-pressed juices and smoothies, from Starbucks in August 2022 to strengthen Bolthouse Farms' leadership position in the juice and refrigerated beverage categories and expand its product portfolio.

Fact.MR has provided detailed information about the price points of key manufacturers of carrot fiber positioned across regions based on sales growth, production capacity, and speculative technological expansion in its recently published report.

Segmentation of Carrot Fiber Market Research

  • By Label:

    • Organic
    • Conventional
  • By Processing Type:

    • Bleached
    • Unbleached
  • By Source:

    • Upcycled
    • Non-upcycled
  • By Application:

    • Food
      • Bakery
      • Breakfast Cereals & Snacks
      • Confectionery
      • Dairy
      • Meat Products
      • Infant
      • Sauces
    • Beverages
    • Pharmaceuticals
    • Animal Nutrition
  • By Region:

    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • East Asia
    • South Asia & Pacific
    • Middle East & Africa

- FAQs -

What was the carrot fiber market size reported by Fact.MR for 2023?

The global carrot fiber market was valued at US$ 249.3 million in 2023.

What is the sales value of carrot fiber in 2024?

Worldwide sales of carrot fiber are estimated at US$ 264 million in 2024.

At what rate is the use of carrot fiber projected to rise in the food sector?

The food segment accounted for 58% share of the market in 2023 and is projected to expand at a CAGR of 5.6% through 2034.

Which source-based segment is forecasted to grow at a significant pace?

The non-upcycled segment is forecasted to expand at a CAGR of 5.9% from 2024 to 2034.

What is the projected valuation of the market for 2034?

The global market is projected to reach US$ 484.1 million by the end of 2034.

Who are the leading players operating in the market?

Key manufacturers of carrot fiber are UNIPEKTIN Ingredients, NutriLeads, Bolthouse Farms, and riha WeserGold Getränkegruppe.

- Also of Interest -

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Citrus Fiber Market

Citrus Fiber Market Analysis By Nature (Organic, Conventional), By Grade (Food-grade, Pharma-grade, Others), By Source (Oranges, Grapefruit), By Function, By Application, By Distribution Channel & By Region - Global Market Insights 2022-2032

Carrot Fiber Market

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