Market Research 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
|Published by||MarketsandMarkets||Product code||253618|
|Published||Content info||199 Pages
|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|
|Published: July 17, 2017||Content info: 199 Pages||
The dietary fibers market is valued at USD 3.37 billion in 2016, and projected to grow at a CAGR of 11.6%, to reach USD 6.50 billion by 2022. The market is primarily driven by factors such as growth in demand for functional foods and initiatives undertaken by the government and regulatory bodies to increase consumer awareness. Asia-Pacific is projected to be the fastest-growing region due to the increased awareness among buyers in China and India. One of the major restraints in the growth of the dietary fibers market is the time and investment required for regulatory approval.
On the basis of type, the dietary fibers market was led by the soluble dietary fiber. The inulin segment, as a type of soluble dietary fiber, accounted for the highest market share in 2016. The key manufacturers in the soluble dietary fibers market offer inulin for different industrial applications such as food, feed, and pharmaceuticals.
On the basis of source, the fruits & vegetables segment accounted for the largest share in the dietary fibers market in 2016. Fibers from fruits & vegetables such as apple, banana, pear, potato, okra, and carrot are widely used in pharmaceuticals, functional food products as well as various sports nutritional products.
Based on application, the functional food & beverages segment is projected to be the fastest-growing during the forecast period. Due to the changing diet patterns and the rising health concerns, dietary fibers have begun to form an integral part of processed and packaged foods in a bid to meet nutritive requirements.
The Asia-Pacific region is projected to be the fastest-growing market for the period considered for this study, due to the increase in adoption of dietary supplements fortified with fibers. The food & beverages market in the Asia-Pacific region is currently undergoing a significant transformation in response to rapid urbanization and diet diversification.
Leading players profiled in this report:
The report segments the dietary fibers on the basis of type, source, application, and region. In terms of insights, this research report has focused on various levels of analyses-competitive landscape, end use analysis and company profiles, which together comprise and discuss the basic views on the emerging & high-growth segments of the global dietary fibers, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Top 25 companies analyzed for this study are - Cargill (U.S.), E. I. Dupont De Nemours and Company (U.S.), Ingredion Incorporated (U.S.), Roquette Freres S.A. (France), Nexira SAS (France), Archer Daniels Midland Company (U.S.), Tate & Lyle plc (U.K.), Kerry Group plc (Ireland), Grain Processing Corporation (U.S.), J. RETTENMAIER & SOHNE GmbH & Co KG (Germany), Sudzucker AG (Germany), Lonza Group AG (Switzerland), Tereos S.A. (France), Royal Cosun U.A. (Netherlands), Frutarom Industries Ltd (Israel), PMV Nutrients Products Pvt. Ltd. (India), CJ CheilJedang Corp (South Korea), Fuji Nihon Seito Corporation (Japan), Cosucra Groupe Warcoing S.A. (Belgium), The Tierra Group (U.S.), NovaGreen Inc. (Canada), Mengzhou Tailijie Co. Ltd. (China), Baolingbao Biology Co. Ltd. (China), Naturex S.A. (France), FiberStar Inc. (U.S.)
*Details on Business overview, Strength of product portfolio, Products offered, Business strategy excellence, Recent developments might not be captured in case of unlisted companies.