Dietary Fiber Market Outlook, Emerging Trends and Developments By 2030
Dietary Fiber Market Overview:
The global Dietary Fiber Market Value is estimated to reach
USD 21.9 Billion by 2030. The market is expected to have a Compound Annual
Growth Rate of 11.10% within the forecast period 2023-2030.
Dietary fibers are mainly obtained from vegetables, fruits,
and legumes. Dietary fibers are useful in many ways. They help in the
transportation of body wastes, decrease cholesterol and sugar in the body. They
play a very important role in keeping us healthy by reducing the risk of heart
diseases and diabetes. Dietary fibers are in high demand as they help in
keeping the body weight in control.
The use of dietary fibers in different sectors like
pharmaceuticals, animal feed, and food & beverages have contributed to the
steady Dietary
Fiber Market Insights Growth.
The market of Dietary Fiber got hampered due to the onset of
the COVID-19 pandemic. Lack of transport facilities and closure of retail shops
and supermarkets affected the market negatively. At the same time, the demand
for dietary fiber increased as they help improve muscle mass and boost
immunity. Increasing demand for healthy foods and supplements will help this
market to grow steadily.
Market Segmentations:
The global Dietary Fiber Market Outlook is segmented based
on function, end-user, fiber-component, source, and region.
Based on the source the global market of dietary fiber is
divided into whole grain, plant extract, seaweed extract, vegetables, microbial
gum, and others. The maximum share of the market is occupied by the whole grain
sector.
Based on End-user, the global Dietary Fiber Market is
segmented into foods & beverages, pharmaceuticals, animal feed, and others.
The Dietary Fiber Market Share is occupied by the food & beverages sector.
Based on the function of dietary fibers, the market is
segmented into water holding capacity, viscosity, binding agents, fermentation,
and others.
Based on the fiber component, the market of Dietary fiber is
divided into cellulose, semi-cellulose, chitin, lignin, pectin, polydextrose,
inulin, and others.
Regional Analysis:
The Dietary
Fiber Market Outlook across the globe is segmented into North America,
South America, Asia-Pacific, Europe, and Africa & Middle East. As the
demand for dietary fibers in different functional foods and beverages is
increasing, the maximum share of the market is occupied by the North American
region.
The Asia-Pacific region is growing at a very fast rate and
it is expected to occupy the second-largest share of the dietary fiber market.
The main reason for this steady growth is the rising population in different
countries of this reason. Another important market driver for the growth is the
increasing promotional activities by the major companies of the Dietary Fiber
Market.
The European region dominates the third-largest share of the
Dietary Fiber Market because of the increasing demand for healthy foods.
Key Players:
The major companies are adopting new strategies to maintain
their growth in the global Dietary Fiber Market by going for partnerships,
setting up new units, product innovations, acquisitions, new product launches.
etc. Many companies are expanding their customer base in untapped regions.
Shandong Minqiang Biotechnology Pvt Ltd., China, is
investing a huge amount of money in the research and development of dietary
fibers of different types.
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