The Global Dietary Fibers Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Global Dietary Fibers Market is estimated to be $ 3.15 USD billion and predicted to rise to $ 5.93 USD billion with a CAGR of 13.5%. The market is segmented by Type (Soluble, Insoluble), by Source (Cereals & Grains, Fruits & Vegetables, Other crops), by Application (Functional Food & Beverages, Animal Feed, Pet Food, Pharmaceuticals). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The market for dietary fibers is mainly driven due to factors such as health problems, diet-consciousness, advanced technologies, increasing disposable income, and rise in the middle-class population. But, the market growth can be heavily constrained due to stringent rules by regulatory bodies on the amount of consumption.
Global market for Dietary fibers is segmented based on type, source, and application. By type, the market is further sub-segmented into Insoluble (Cellulose, Hemicellulose, Chitosan, Chitin, Lignin, Resistant starch) and Soluble (Insulin, Polydextrose, Pectin, Beta-glucan). By source, the market is further sub-segmented into Cereals & grains (Wheat, Oat, Legumes, Nuts), Fruits & vegetables, Other crops. By application, the market is further sub-segmented into Functional food & beverages (Beverages, Dairy, Bakery & confectionery, Breakfast cereals & snack bars, Meat products), Animal feed, Pet food, Pharmaceuticals. Soluble fibers are expected to witness significant growth owing to their properties to readily dissolve in water. Functional foods sector is the biggest market by application, where the dairy segment is estimated to be the largest market.
Geographically, Global market for Dietary fibers is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. North America is the largest market for Dietary fibers in terms of market share contribution in the global market. North American market is characterized by high demand from end-use industries such as pharmaceuticals and dietary supplements. Europe trails just behind, with the second largest share in the global market. Asia-Pacific is expected to witness highest growth owing to factors like economic developments paired with ageing population in Japan, which is driving dietary supplement demand in that region.
Archer Daniels Midland Company, Cargill, Incorporated, E. I. du Pont de Nemours and Company, SÃ¼dzucker AG, Ingredion Incorporated, Tate & Lyle PLC, Roquette FrÃ¨res, and SunOpta Inc., are the major players of Global Dietary fibers market.
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