The fibert market is anticipated to register a CAGR of 12% during the forecast period, with a valuation of USD 7.9 Billion in 2022, and an estimated valuation of USD 24.5 Billion by 2032.
From the aforementioned data analysis, the demand for fibert is likely to grow during the course of the forecast period.
| Attributes | Details |
|---|---|
| Fibert Market Size (2022) | USD 7.9 Billion |
| Fibert Market Size (2032) | USD 24.5 Billion |
| Fibert Market CAGR | 12% |
The availability of fiberts in multiple forms-blanched kernel and in-shell-provides end users with options to choose from, which is resonating well with the growing sales of fiberts. In addition to this, the sales of fibert are most prominent with confectioners and chocolatiers.
For the foreseeable future, emerging economies in the South Asian and East Asian regions are expected to witness rapid expansion in the global fibert market. The rise of the fibert market in these regions is fuelled by rising disposable incomes and urbanization.
Among the other uses of fibert, healthcare is one industry that remains its top consumer. A decrease in LDL (bad) cholesterol and an increase in HDL (good) cholesterol is a major health benefit that escalates the adoption of fibert.
Whole, unshelled, diced, sliced, or ground kernels are the different variations of fiberts available in the global market. A chocolate spread made with 40% fibert, was launched by the major chocolatier ‘Lindt’ in the United Kingdom in 2018.
Chocolatiers are re-launching their signature chocolates every festive season by incorporating them with traditional and Western styles, which surges a high demand for fibert.
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The adoption of fibert is increasing globally as it is being considered a natural remedy to reduce certain illnesses such as celiac disease.
Being a good source of dietary fibres and polyphenols, the popularity of the fibert stems from its numerous health benefits like controlling blood sugar levels, lowering cholesterol levels, and reducing risks of heart diseases. The demand for fibert can also emerge from the need for a healthy lifestyle for consumers who wish to opt for weight loss.
The adoption of fibert as a 'skin-conditioning agent' is also increasing due to its application in cosmetics and personal care products.
The disposable income of the majority of the world's population has increased in recent years. As a result, this demographic is willing to spend more money on high-quality meals. As a result of this circumstance, manufacturers of dry fruit-infused confectionaries have seen a surge in demand. Thus, the global fibert industry is expected to open up profitable opportunities in the approaching years.
The adoption of fibert goes primarily in creatively incorporating them in chocolates. Nutella and Ferrero Rocher are two of the highest-ranking chocolate conglomerates that require the supply of luxury nuts incorporated into their chocolate products, which increases the overall demand for fibert, catering to the growing changing consumer tastes.
Allergies related to nuts are a significant concern and can hinder the sales of fibert in the global market. COVID-19 and the lockdown following the declaration of the pandemic have set back the production and supply chain of fibert or fibert manufacturers. This has restrained the growth of the fibert market.
The availability of fibert alternatives in the market poses an issue for the sales of fibert as the market share has started to bifurcate.
As per the fibert market trends, an untapped prospect of the market is to push the sales of fibert into manufacturing oil as a nutrition product both in food & beverages and cosmetics. Exclusively branding the nut towards chocolate manufacturers can aid the fibert market towards progression.
Several people are eating more fiberts in order to lose weight which is opening up new opportunities in the fibert market. Aside from that, the increased adoption of fiberts in the treatment of a variety of health problems, including celiac disease, is expected to boost sales in the global fibert market.
With growing awareness of the health benefits of fiberts, a large portion of the world's population is increasing their consumption in various ways. Many confectionary manufacturers are integrating fibert into their products in order to capitalize on this trend. As a result of rising demand from makers of chocolates, spreads, and other culinary goods, the global fibert industry is expected to see significant sales growth.
Turkey is the prime distributor of filberts, roughly supplying about 75% of the sales of fibert around the globe. On account of an advanced and established food industry, Europe and North America currently hold the apex of the fibert market share.
Inspired by the food culture of the Western countries and the health benefits, the Asia-Pacific, Middle Eastern and African countries are now taking up the adoption of fibert into their diets. This is changing the global fibert market outlook.
Over the projected period, the global fibert market will see significant expansion in rising nations in South Asia and East Asia. The increasing adoption of fibert in the creation of new products in many industries is expected to drive the global fibert market's growth. Leading fibert manufacturers have carefully invested in the world's top fibert-producing countries in order to boost output yield. As a result, manufacturers can preserve the consistency of their fibert-infused products.
Leading competitors in the global fibert market are also focusing on strategic acquisitions to boost their production capacity and improve their value chain. The influence of altering worldwide climatic circumstances, on the other hand, is predicted to have an impact on the global fibert market's growth.
Some key participants in the fibert market are Barry Callebaut AG, Arslantürk, Oregon Orchard, Royal Nut Company, Weaver Nut, Kanegrade Limited, Oregon Fibert, Karimex, Geonuts Limited, Durak Findik, Ferrero International S.A., Olam International, and The Hershey Company, etc.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 12% from 2022 to 2032 |
| The base year for estimation | 2021 |
| Historical data | 2015 to 2020 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments Covered | Type, Application, and Region |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East, Africa; ASEAN; South Asia; Rest of Asia; Australia; and New Zealand |
| Country scope | USA, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, United Arab Emirates(UAE), Iran, South Africa |
| Key companies profiled | Barry Callebaut AG; Arslantürk; Oregon Orchard; Royal Nut Company; Weaver Nut; Kanegrade Limited; Oregon Fibert; Karimex; Geonuts Limited; Durak Findik; Ferrero International S.A.; Olam International; The Hershey Company, etc. |
| Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The fibert market is anticipated to secure a CAGR of 12% through 2032.
Turkey is the leading supplier of the fibert and Europe and North America are the leading consumers of fibert.
Fibert, or fiberts, are mostly used in the making of confectionaries; especially, in the chocolate industry.
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Fibert Market
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