The global dietary fibers market is expected to reach USD
11.83 billion by 2025, according to a new report by Grand View Research, Inc.
Growing functional food & beverage industries are expected to play major
roles in the market over the next nine years.
Major sources of dietary fibers
include whole grains such as brown rice, barley, and whole-wheat, vegetables
such as broccoli, and fruits such as bananas and raspberries. Apart from these,
lentils, nuts, apples, and mangoes are also known to have a high fiber content.
Growing awareness about the importance of these foods in the daily diet is
expected to further drive the market over the forecast period.
The market is expected to be
driven by growing functional food & beverage industries. This was evident
from the fact that the functional food industry grew at an annual rate of 2.4%
from 2008 to 2009, while it grew at an annual rate of over 7% from 2012 to
2013.
U.S. dietary fibers market, by source, 2014 - 2025 (USD
Million)
Browse full research report on Dietary
Fibers Market
- Whole grain
products such as whole-wheat and brown rice dominated the source segment
in 2015 as they have a high fiber content and exhibit several benefits
including reduction of risk of heart diseases, asthma, and cancer, among
others
- Insoluble
fibers accounted for over 60% of the market by revenue in 2015 as these
can be easily digested and excreted by the human body, without any
complications
- The food
segment is projected to witness the highest CAGR of over 14% in terms of
value, from 2016 to 2025 due to growing demand for functional foods and
nutraceuticals
- Asia Pacific
held the largest revenue share of over 39% in 2015 with growing demand
from countries such as China, India, Japan, and others
- The Central
& South American region, with emerging industries in countries such as
Brazil and Argentina, is projected to grow at the second-highest CAGR of
over 13% in terms of revenue, from 2016 to 2025
- Some of the
major manufacturers of dietary fibers include Cargill, Incorporated,
Archer Daniels Midland Company, Lonza Group AG, Nexira, and Ingredion
Incorporated, among others
- Most of these
companies adopted expansions and investments as their major growth
strategies from 2011 to 2016, in order to enter new untapped markets,
consequently increasing their respective market shares
For more information: http://www.grandviewresearch.com
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