Fibert Market To Exhibit Significant Incremental Dollar Opportunity During The Forecast Period 2019 – 2029
Fiberts are hazelnuts that are also called as cobnuts and filberts. Fiberts are nutritious nuts that are high in monounsaturated fats, proteins, fibers, and antioxidants. The main fiberts producing countries include Turkey, Spain, the U.S., Italy, and Greece. Some other countries producing fiberts include France, Iran, Soviet Union, and Romania. Fiberts find uses in food and beverage, cosmetics and personal care, functional foods, pharmaceutical, and animal feed industries. In the global market, fiberts are available in two types; in-shell and shelled fiberts.
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Flourishing Food and Processing Food Industry is increasing the Demand of the Fiberts in the Global Market
The global fibert market is majorly driven by the increasing demand by the food and beverage industry. Fibert is used in various food and beverage products including, bakery, confectionery, ice cream, spreads, desserts, and alcoholic and non-alcoholic beverages. The consumption of fibert in the world is dominated by the Western countries, especially European countries since fiberts are staple in the confections and baked goods in these countries. The consumption of these products is rising in developing nations such as Asian and Middle Eastern countries by the adoption of food culture from European countries. The shift in the eating habits and the adoption of Western food culture is supported by the increasing disposable income of the consumers in the developing nations. Owing to this the demand for the fiberts in the global market is increasing.
Fiberts are a good source of dietary fibers and polyphenols that have various health benefits, such as weight management, reducing risk of heart disease, lowering cholesterol levels, and controlling blood sugar level. These health benefits also contribute to the increasing popularity and demand of the fiberts in the global market. Also, fiberts are used in functional foods. Since the health consciousness around the world is increasing due to the increasing prevalence of the diseases, functional food is in high demand. High demand for functional food in the world is driving the global fiberts market.
Fiberts are also used significantly in cosmetics and personal care products. They are used in these products as skin-conditioning agents and also for the formulation of skin care products. The use of cosmetics and personal care products in the developing nations are surging at a rapid pace, due to the entering and penetration of international cosmetics brand.
Fiberts Market Segmentation
The fiberts market can be segmented on the basis of nature, product type, end use, and distribution channel.
On the basis of nature, the fiberts market can be segmented as:
On the basis of product type, the fiberts market can be segmented as:
On the basis of end use, the fiberts market can be segmented as:
- Food and Beverage
- Bakery and Confectionery
- Ice Cream and Desserts
- Alcoholic Beverage
- Functional Food
- Cosmetics and Personal Care Products
- Animal Feed
On the basis of distribution channel, the fiberts market can be segmented as:
- Direct Sales Channel/ B2B
- Indirect Sales Channel/B2C
- Specialty Stores
- Online Retail
- Other Retail Format
Fiberts Market: Regional Analysis
The production of fibert is majorly occurring in countries such as Turkey, Georgia, Spain, and Italy. However, the global fibert market is occupied by the European and North American countries, at present, owing to the developed and well-established food industry. The fiberts market participants have increased opportunity in the Asia Pacific and the Middle East and African region. Increasing middle-class population, their income, and an increase in the GDP of the countries in these regions are resulting in the increasing purchasing power of the consumer that in turn, increasing the demand for the fiberts in the global market.
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Fiberts Market: Key Participants
Some of the market participants in the fiberts market are:
- Barry Callebaut AG
- Oregon Orchard
- Royal Nut Company
- Weaver Nut