Dallas, TX -- (SBWIRE) -- 07/10/2014 -- The market research report “Dietary Fiber Market by Product Type (Conventional/ Novel & Soluble/ Insoluble) and Application (Food & Pharmaceuticals) - Global Trends & Forecasts to 2019” is published by MarketsandMarkets. According to this report, the dietary fiber market is estimated to grow from $2272.4 million in 2013 to $4,210.0 million by 2019 with a CAGR of 13.1% through 2019. North America led the global market followed by Europe and Asia-Pacific in terms of revenue in the year 2013.
Browse more than 109 market data tables with 36 figures spread through 261 pages and in-depth TOC on "Dietary Fiber Market – Global Trends & Forecasts up to 2019"
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Dietary fibers is a dynamic sector in the food and pharmaceutical industry with various stake holders such as raw material producers, suppliers, processors, distributors, and end-user industries such as manufacturers of functional foods, diary, bakery & confectionery, beverage, meat products, and pharmaceuticals. As opportunities to grow in these end-use markets are immense, players are competing to launch innovative products and diversifying their product and business portfolio. The shift in end-user tastes and preferences in terms of new product developments, new types of products or industry growth will directly affect the dietary fiber market. The rise in the consumption of functional foods offers a strong customer base for the dietary fiber market.
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The dietary fibers market volume is estimated to reach 465,128.3 metric tons by 2019, growing at a CAGR of 10.4% from 2014 to 2019. The end-use sectors are exhibiting buoyant growth driven by the global aging population and customer preferences towards dietary fibers. The global market was dominated by the supplements segment both in value and volume terms. Functional foods were the most dominant sector in food applications for dietary fibers.
The global dietary fiber market is largely driven by the volume growth in its end-use industries. The penchant for consumption of products such as functional food, beverage, diary, meat products, and pharmaceuticals is resulting in the growth of this industry.
The dietary fibers market consists of various stake holders such as raw material producers, suppliers, ingredient processors, distributors and end-use manufacturers such as food and pharmaceuticals industries. The companies enjoying substantial market share are Cargill Inc. (U.S.), E.I. DuPont de Nemours (U.S.), Lonza Group (Switzerland), Roquette Freres (France), Ingredion (U.S.), SAS Nexira (France), SunOpta (Canada), and Tate & Lyle (U.K.). The top eight players accounted for a share of around 65.0% in the total dietary fiber market, depicting the high number of competitive companies in the industry. The key players of the industry are launching new products and increasingly expanding in emerging economies to gain market share.
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