Global dietary fibers market worth USD 4.80 billion in 2021 and growing at a CAGR of slightly above 13.00% between 2016 and 2021.
Sarasota, FL -- (SBWIRE) -- 04/26/2017 -- Zion Market Research has published a new report titled "Dietary Fibers Market by Source (Fruits and Vegetables, Cereals and Grains and Others), by Type (Soluble and Insoluble) for Functional Food, Pharmaceuticals, Animal Feed and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021" According to the report, global dietary fibers market was valued at over USD 2.30 billion in 2015, is expected to reach above USD 4.80 billion in 2021 and is anticipated to grow at a CAGR of slightly above 13.00% between 2016 and 2021.
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Fibers are nonstarch polysaccharides which are present naturally and can also be produced using synthetic methods. Dietary fibers are consumable fibers mainly used as supplements. The dietary fibers help in proper digestion and help in eliminating extra cholesterol. This results in maintaining proper health and for weight loss. Dietary fibers are mainly extracted from plants mainly from cereals, grains, fruits and vegetable category. However, fibers can also be obtained from animals.
The dietary fibers market is primarily driven by growing awareness for the healthy lifestyle and thus, in turn, has resulted in higher consumption of fiber supplements. Moreover, increase in aging population spur the dietary fibers market. Changing lifestyle coupled with escalating dual and discretional income stimulates the growth of this market. However, various regulations led by the governing bodies for influence the entry of the manufacturers in this market. Nevertheless, increasing incidences of various diseases caused due to the hectic lifestyle and unhealthy habits is expected to force people to turn towards healthy supplements, this is likely to open new growth avenues for the dietary fibers in the market in the near future. Also, strong rise in demand for dietary fibers from the developing economies may positively impact the growth of market within the forecast period.
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Based on the source, the dietary fibers market can be segmented as fruits and vegetables, cereals and grains among others. Cereals and grains are the major segment of the dietary fibers market owing to their easy availability. There are majorly two types of dietary fibers soluble and insoluble dietary fibers. Soluble fibers such as pectin, inulin, beta-glucan, polydextrose and others are mainly used in lowering the cholesterol and in weight loss. Some of the insoluble dietary fibers include lignin, cellulose, chitosan, hemicelluloses, chitin and others. A number of applications for dietary fibers include functional food, pharmaceuticals, animal food and other applications. Functional food is the leading segment owing to the high use of dietary fibers as functional food in obesity, diabetics and people suffering from high cholesterol. Pharmaceuticals may emerge as the potential segment of the dietary fibers market due to high use of fibers in a manufacturing of various drugs.
North America and Europe are considered to be the most prominent markets for the dietary fibers. This is mainly attributed to the rapidly growing consumption rate of dietary fibers in diet and in pharmaceutical industry. The aging population in U.S assist the dietary fibers market growth in this region. Asia Pacific is witnessing the unprecedented boom in recent times and is likely to maintain its pace due to rise in spending capacity over the functional food. Latin America exhibits decent growth in the forecast period owing to an aging population in Brazil. The Middle East and Africa is anticipated to experience sustainable growth in the coming years due to rapidly changing lifestyle and availability of raw resources.
There has been intense competition leading the players to primarily focus on research and product development to sustain in this market. Lonza Group, SAS Nexira, Archer Daniels Midland Co., Ingredion, DuPont, Roquette Freres, Tate & Lyle, Cargill Inc, SunOpta, Grain Processing Corporation, KFSU Ltd and Grain Millers Inc among other are some of the key profiles in dietary fibers market.
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This report segments the dietary fibers market as follows:
Dietary Fibers Market: Source Segment Analysis
Fruits and Vegetables
Cereals and Grains