According to the current analysis of Reports and Data, the Global Dietary Fibers Market was valued at USD 5.89 Billion in 2019 and is expected to reach USD 10.98 Billion by the year 2027, at a CAGR of 11.35%. The fibers are roughage, which is mostly present in food items are produced from plant food. These fibers help in waste movement inside the body, reduce the risk of diabetes and heart diseases by lowering blood sugar levels and cholesterol and maintain body weight. They are of two types, namely soluble and insoluble.
The market for fibers is more demanding due to factors like changing habits related to food consumption, increasing the occurrence of several health issues due to which people are opting healthy products which have dietary fibers, and rising disposable incomes due to which people are ready to spend money for dietary fiber-containing products. Rising prevalence of lifestyle diseases due to hectic working schedule is expected to shift inclination of consumers toward nutraceuticals, including functional foods. This factor is anticipated to further promote market growth. Government support and rising funding aimed at promoting organic farming in key markets such as the U.S., China, Japan, and India are expected to promote production output of fruits and vegetables. As a result, the manufacturers from these countries are projected to keep their production units in vicinity to ensure easy access to vegetables and fruits as a functional feedstock. The high cost of supplements compared to naturally available products such as legumes, nuts, fruits, and vegetables is projected to limit the scope of industry in near future.
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The Dietary Fibers market investigation report assesses the global market for the Dietary Fibers industry and provides revenue and capability forecasts for the projected period of 2023-2027. The factors that drive the industry's growth are highlighted in the report. The report divides the Dietary Fibers market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Some of the Leading Market Players Are Listed Below:
- Archer Daniels Midland Company,
- Cargill,
- Incorporated,
- Ingredion Incorporated,
- Tate Lyle PLC,
- Lonza Group AG,
- Nexira Inc.,
- Amway,
- Nature’s Way Products LLC,
- General Mills INC.,
- Herbalife International
Market Overview:
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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Market Segmentation:
Type (Revenue, USD Million; 2017–2027)
- Soluble
- Insoluble
Source (Revenue, USD Million; 2017–2027)
- Fruits Vegetables
- Cereal Whole Grains
- Nuts Seeds
- Legumes
Application (Revenue, USD Million; 2017–2027)
- Food Beverage
- OTC Pharmaceuticals
- Animal Feed
- Others (personal care cosmetics)
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Dietary Fibers market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Dietary Fibers market.
The Global Dietary Fibers Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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