Dietary Fibers Market Projected USD 6.50 Billion by 2022


Posted July 8, 2019 by akshjain

The report "Dietary Fibers Market by Type (Soluble, Insoluble), Application (Functional Food & Beverages, Pharmaceuticals, Animal Feed), Source (Cereals & Grains, Fruits & Vegetables, Legumes), and Region - Global Forecast to 2022"

 
The Dietary fibers market is projected to grow at a CAGR of 11.6% from 2017 to 2022, to reach USD 6.50 billion by 2022. The market is driven by factors such as increase in demand for functional foods and initiatives undertaken by the government and regulatory bodies to increase consumer awareness related to food & beverages supplements.

Soluble dietary fibers segment is projected to be the fastest-growing in the dietary fibers market during the forecast period.
The dietary fibers market is segmented, on the basis of types, into soluble and insoluble dietary fibers. The soluble segment is projected to be the fastest-growing segment in the dietary fibers market during the forecast period; this is attributed to its benefits, such as reduction in cholesterol level & blood pressure, prevention of gastrointestinal problems, protection against onset of several cancers, which include colorectal, prostate, and breast cancer, and increased mineral bioavailability. The advantages of soluble dietary fibers over insoluble is the drving factor for growing demand for soluble segment. Insoluble dietary fibers do not dissolve in water. They increase the volume and softness of food in the intestine, thus reducing the risk of constipation. Insoluble dietary fibers are also known as less fermented dietary fibers as their fermentation in the colon is much slower than that of soluble dietary fibers. These fibers are also effective in altering the blood lipid levels.

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The functional food & beverages segment is projected to account for the largest market share in the dietary fibers market during the forecast period.
The dietary fibers market is segmented, on the basis of applications, into functional food & beverages (dairy, bakery & confectionery, breakfast cereals, meat, snacks, and beverages), pharmaceuticals, animal feed, and others (cosmetics & personal care). The functional food & beverages segment is projected to be a leading segment in the dietary fibers market which is attributed to its beneficial functionalities as a fat & sugar replacer, fiber enricher, and prebiotic. The growing prevalence of several health disorders is shifting the consumer demand and leading to legislative changes in the food & pharmaceutical sectors.

North America projected to remain dominant in the dietary fibers market during the forecast period.
North America is projected to remain the dominant regional market in the dietary fibers market during the forecast period. Growth in health consciousness among consumers and a high percentage of old age population who prefer functional foods & beverages over processed foods, have led to the increase in demand for dietary fiber products in the North American region.

Growing incidences of diseases and conditions such as cancer, diabetes, hypertension, and constipation have been fueling the market. Availability of different types of nutritional & functional foods is aiding food manufacturers and processors to offer various processed foods in the market. The demand for dietary fibers is affected by the quality, nutritional profile, and functionality of the products. Functional foods containing dietary fibers have a high consumption rate, as they act as a remedy for several health disorders. Food & beverage products with dietary fibers such as oat fiber, apple fiber, soy fiber, and wheat bran are quickly emerging with the growth of the food & beverage industry in the North American region.

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Categories Business , Food , News
Tags dietary fibers market , dietary fibers market forecast , dietary fibers market growth , dietary fibers market size , global dietary fibers market
Last Updated July 8, 2019