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Dietary Fibers Market Projected to Witness Vigorous Expansion with a CAGR at 10% by 2025

Author : Rahul Sankrityayan | Published Date : 2019-05-10 

Global Market Insights, Inc. provides a detailed overview of Dietary Fibers Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Shifting consumer preferences toward the improvised nutrition value in several food products to keep the digestive system healthy will propel the dietary fibers market share. Key health benefits, such as low cholesterol level and improved soluble fiber content, will provide a strong application outlook in the food & beverages industry. Increasing functional food & supplements demand owing to the aging population and changing dietetic patterns will further fuel the industry expansion.

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The growing demand for nutrition products including various supplements and nutrition bars owing to the surging inclination toward healthy living standards will steer the overall business growth. As per industry estimates, the U.S. nutraceutical demand was over USD 60 billion in 2015 and is projected to witness significant growth over the projected timeframe. Rising consumer awareness toward maintaining a healthy diet regime on daily basis due to the increasing prevalence of obesity and cardiovascular diseases will boost dietary fibers market.

Rapid population growth, steady economic development, increasing consumer spending, and ease in raw material availability are among the key factors driving the dietary fibers market share. Increasing product usage as fat replacers, texture improvers, and nutritional content enhancers in several cuisines and food items across the globe will propel industry expansion. In addition, rapid technological advancements and innovations along with heavy R&D investments by major players will augment the overall dietary fibers industry.

Insoluble type dominated the overall market and accounted for over 55% share in 2018. Increasing health ailments such as gastrointestinal problems, diabetes, cholesterol, and coronary heart disorders, particularly in the developed regions such as North America & Europe, will drive the segment growth. Key benefits, such as high water absorption, controlled body weight, and efficient regulation of blood sugar levels, will provide a positive scope for insoluble dietary fibers in the overall market share.

Fruits & vegetables will witness significant gains at over 11% in terms of revenue in the overall dietary fibers market. Key fruits & vegetables, such as cabbage, broccoli, apples, berries, and pear, offer high amounts of digestive fibers, which are mainly soluble in nature, thereby enhancing product demand. Besides, effective fiber assistance to the good bacteria in the stomach for providing optimum gut health along with reduced bowel syndrome will augment the overall business expansion.

Food applications accounted for over 35% share in the overall dietary fibers market in 2018. Strong outlook for meat products for yield improvement, moisture enhancement, and texture enhancement will propel segment growth. In addition, key properties such as thickening, enhanced gelling, water binding, and stabilizing for the effective production of bakery & confectionery items will promulgate market expansion.

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North America dietary fibers market is anticipated to surpass USD 3.5 billion by 2025. Government policies & norms pertaining to several food standards along with key benefits in the forms of food additives will promulgate business expansion. Surging product usage for numerous meat products coupled with the necessity to improve the nutritional value in different bakery applications will drive the product portfolio. For instance, as per the Canadian Bureau of Nutritional Sciences & Health Products, the caloric value of dietary fiber in several products has been revised to 2 kcal/g.

The dietary fibers market is fragmented with the presence of numerous global players coupled with numerous regional manufacturers. Key industry players include Archer Daniels Midland Company, Cargill Incorporated, DuPont, Royal DSM, Procter & Gamble, and GlaxoSmithKline. Other prominent players include Lonza Group, Nexira, Inc., Roquette Freres, Tate & Lyle PLC, and SunOpta, Inc. Acquisitions, mergers, and joint ventures along with new product development are among the key strategies adopted by the industry players. Significant business strategies pertaining to the product portfolio diversification will propel the overall dietary fibers market over the projected time frame.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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