Saudi Arabia Food Fibers Market is expected to grow with a CAGR of 7.0% in the forecast period of 2021 to 2028. The years considered for the study are as mentioned below.
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The Saudi Arabia food fibers market is a highly consolidated market, including a specific number of key and local players. The market has witnessed increased strategic developments owing to favorable market scenarios.
The major players dealing in the Saudi Arabia food fibers market are introducing a substantial range of product portfolios. This helped companies to maximize sales with an enhanced product portfolio.
For instance,
- In June 2020, Ingredion launched a dietary fiber called Novelose 3490. Novelose 3490 dietary fiber provides manufacturers with an easy and affordable way to support a low FODMAP diet. This launch has helped the company to widen its product portfolio.
Cargill, Incorporated is the dominating market player in the Saudi Arabia food fibers market. Some of the other market players are Tate & Lyle, ADM, Kerry, Ingredion, DuPont Nutrition Bioscience Aps, DSM, BENEO, J. RETTENMAIER & SÖHNE GmbH + Co KG, InterFiber, Ceamsa, Klyomo company limited, Galam, GREENFIELD, Sensus, among others.
Cargill, Incorporated
Cargill, Incorporated is headquartered in Conover, Iowa, United States, founded in 1865. The company focuses on bringing food, agricultural, financial and industrial products to people who need them worldwide. The business segment for the company is agriculture, nutrition, beauty, food and beverage and market focused category is foods and beverage. The company-product ranges widely from Acidulants, Cocoa, and Chocolate, Custom Texturizing Systems, Dry Corn Ingredients, Edible Oils, Flour, Food Salt, Health Promoting Ingredients, Hydrocolloids, Lecithins, Protein, Texturizing Solutions for Every Need, Starches and Derivatives, Sweeteners, among which the market's most focused category is health-promoting ingredients.
- In July 2021, Cargill, Incorporated entered into the European soluble fiber market with a USD 45.00 million investment in Poland. This investment has helped the company to expand through the European market
The company has a presence in the Americas, Asia-Pacific, the Middle East and Africa, and Europe.
The company generates revenue from other subsidiaries such as Cargill Ltd. (Canada), Cargill AgHorizons, Inc. (US), Cargill Meat Solutions (US), Cargill Espana S.A. (Spain), NatureWorks (US), among others.
DuPont Nutrition Bioscience Aps
DuPont Nutrition Bioscience Aps is headquartered in the Capital Region of Denmark, Denmark, and was found in 1989. The company focuses on innovative and sustainable solutions across the food, health, pharma, and biotech industries. The business segment for the company is enzymes, bio-based solutions, food and beverage solutions and market focused category is foods and beverage solutions. The company offers various product categories such as Cultures for Plant-Based Food, Dietary fiber, Antimicrobials, Cellulose Gel, Cellulose Gum, Carob Protein, among which dietary fibers is the market-focused category.
- In April 2021, DuPont Nutrition Bioscience Aps introduces Ground-Breaking Lactase Nurica that generates GOS Fiber and Lactose-free Dairy Products in China. This product launch has helped the company to strengthen its product portfolio
The company has a presence in the Americas, Europe, the Middle East and Africa, and Asia-Pacific.
The company has other subsidiaries such as Danisco (India) Private Limited (India), Danisco (Zhangjiagang) Textural Ingredients Co. Ltd. (China), Danisco Argentina S.A. (Argentina), Danisco Australia Pty Limited (Australia), Danisco Dis Ticaret Limited Sirketi (Saudi Arabia), among others.
Ingredion
Ingredion was found in 1906 and had its headquarters in Suburbs, Chicago. The company focuses on plant-based ingredients, is a pioneer of plant proteins, and is a leading provider of pharmaceutical excipients. The business segment for the company is animal, nutrition, beauty, beverage and market focused category is foods. The company also offers various product categories such as encapsulates and emulsifiers, extracts, fibers, flours, gums and hydrocolloids, plant protein, starches, sweeteners, among which fibers are the market-focused category.
- In October 2019, Ingredion received Low FODMAP Certification for two of its dietary fibers, Versafibe 1490 and Novelose 3490, from Monash University. This certification has helped the company to attract more customer base
The company has a presence in North America, South America, Europe, Asia Pacific, and Middle East Africa
The company generates its revenue from other subsidiaries such as Arrendadora Gefemesa, S.A. de C.V.(Maxico), Brunob II B.V. (Netherland), Ingredion China Limited (China), Ingredion Germany GmbH (Germany), Ingredion India Private Limited (India), among others.
