LONDON, Oct. 26, 2015 /PRNewswire/ -- The dietary fibers market has grown exponentially in the last few years and this trend is projected to continue. The market was valued at USD 2.32 billion in 2015 and is projected to grow at a CAGR of 13.2% from 2015 to 2020. The market is primarily driven by factors such as rising incidence of obesity, diabetes, other diagnosed food intolerances, and growing consumer awareness to address these conditions.
The dietary fibers market is led by North America followed by Europe. The U.S. dietary fibers market not only dominates North America but also the global market. The Asia-Pacific region is projected to be the fastest-growing dietary fibers market globally for the period under consideration. The market is projected to grow significantly at a CAGR of 15.5% from 2015 to 2020. Japan and China are the major and the fastest-growing dietary fibers markets in the Asia-Pacific region for the next five years, due to the increasing demand for healthy food products.
Dietary fibers are widely used in the functional food & beverages, animal feed, pet food, and pharmaceutical industries with various stakeholders such as raw material producers, suppliers, processors, distributors, and end-user industries such as manufacturers of functional foods, dairy, bakery & confectionery, beverage, meat products, and pharmaceuticals. The market is segmented by region into Asia-Pacific, Europe, North America, and Rest of the World (ROW). The dietary fibers market is broadly divided on the basis of type, such as insoluble and soluble. This market has a huge potential due to increase in consumer preference for dietary fiber products.
In terms of end use, functional food & beverages remain the largest market for dietary fibers. The functional foods market is set to exhibit strong volume gain followed by meat products, dairy, bakery, confectionery, and beverage applications. The leading players in this market are Cargill, Inc. (U.S.), E. I. du Pont de Nemours and Company (U.S.), Südzucker AG (Germany), Ingredion Incorporated (U.S.), and Tate & Lyle PLC (U.K.). Acquisitions, new product developments & launches, and collaborations have been the key strategies adopted by market players for global expansion.
Reasons to buy this report:
- To get a comprehensive overview of the global dietary fibers market
- To gain wide ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
- To gain insights of the major countries/regions in which the dietary fibers industry is flourishing
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