Latin America Dietary Fibers Market has been estimated at USD 0.41 Billion in 2021 and is projected to reach USD 0.82 Billion by 2026, at a CAGR of 14.7 % during the forecast period from 2021 to 2026.
Dietary fiber, or roughage, is the portion of food that is indigestible and derived from plants. Soluble fibers are dissolvable in water and are easily fermented within the colon. High fiber intake makes the body less susceptible to diseases such as hypertension, strokes, and obesity. Insoluble fibers can metabolically ferment within the large intestines and hence, are extensively utilized in pharmaceutical, feed industries, and functional food.
The market for dietary fibers in Latin America is mainly driven due to growing nutrients demand as dietary supplements in pharmaceuticals, and, increasing concerns regarding health & nutrition particularly in developing markets. But, the market growth can be constrained due to companies seeing bottlenecks in the form of FDA regulations which asks the companies to provide proof of claims produced on the packaging labels.
Latin America 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 the Latin America Dietary Fibers Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. The market in Latin America is becoming highly competitive with more companies targeting the untapped areas of this market. Also, the leading players are involved in the research & development of new dietary fiber products and its applications, and, the manufacturers have patented their technologies for manufacturing dietary fibers.
Key Players in the Market:
Major Key Players in the Latin America Dietary Fibers Market are
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