PUBLISHER: Inkwood Research | PRODUCT CODE: 1178358
PUBLISHER: Inkwood Research | PRODUCT CODE: 1178358
The North America dietary fibers market is expected to project a CAGR of 9.14% in terms of revenue and 8.90% in terms of volume during the forecast period, 2023-2032. The market growth is accredited to the multiple health benefits and applications of dietary fibers in nutraceuticals, pharmaceuticals, and food & beverage industries.
Canada and the United States are evaluated for the North America dietary fibers market growth analysis. The Canada dietary fibers market growth is attributed to the easy availability of fruits & vegetables. Corn, rye, wheat, barley, and oats are among the major cereals produced in the country. Also, the government recommends the consumption of a specific measurement of fibers every day. In addition, the growing disposable income boosts the demand for packaged food products.
Further, dietary products are incorporated into packaged food products, thereby increasing the demand for dietary fibers. Besides, the Government of Canada and WHO issued guidance on eating habits that may influence or impact the ability to combat diseases by improving overall health. Moreover, the surging awareness regarding dietary fiber intake among consumers propels growth opportunities. Additionally, the market growth in Canada is defined by the growing product demands from many industries, including personal care, pharmaceutical, and food & beverage.
Some of the eminent companies in the market include Lonza, PURIS, ADM, BENEO GmbH, etc.