Sarasota, FL, Sept. 05, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Dietary Fibers Market by Source (Fruits and Vegetables, Cereals and Grains and Others), by Type (Soluble and Insoluble) for Functional Food, Pharmaceuticals, Animal Feed and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021” According to the report, global demand for dietary fibers was valued at over USD 2.30 billion in 2015, is expected to reach above USD 4.80 billion in 2021 and is anticipated to grow at a CAGR of slightly above 13.00% between 2016 and 2021.
Fibers are non starch polysaccharides which are present naturally and can also be produced using synthetic methods. Dietary fibers are consumable fibers mainly used as supplements. The dietary fibers help in proper digestion and helps in eliminating extra cholesterol. This results in maintaining proper health and for weight loss. Dietary fibers are mainly extracted from plants mainly from cereals, grains, fruits and vegetable category. However, fibers can also be obtained from animals.
Browse 46 Market Tables and 23 Figures spread through 110 Pages and an in-depth TOC on “Dietary Fibers Market - Global Size, Shares, Trends, Segment & Forecast to 2021”
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The dietary fibers market is primarily driven by growing awareness for a healthy lifestyle and thus, in turn, has resulted for higher consumption of fiber supplements. Moreover, increase in ageing population spur the dietary fibers market. Changing lifestyle coupled with escalating dual and discretional income stimulates the growth of this market. However, various regulations led by the governing bodies for influence the entry of the manufacturers in this market. Nevertheless, increasing incidences of various diseases caused due to the hectic lifestyle and unhealthy habits is expected to force people to turn towards healthy supplements, this is likely to open new growth avenues for the dietary fibers in the market in the near future. Also, strong rise in demand for dietary fibers from the developing economies may positively impact the growth of market within the forecast period.
Based on the source, the dietary fibers market can be segmented as fruits and vegetables, cereals and grains among others. Cereals and grains are the major segment of the dietary fibers market owing to their easy availability. There are majorly two types of dietary fibers soluble and insoluble dietary fibers. Soluble fibers such as pectin, inulin, beta-glucan, polydextrose and others are mainly used in lowering the cholesterol and in weight loss. Some of the insoluble dietary fibers include lignin, cellulose, chitosan, hemicelluloses, chitin and others. A number of applications for dietary fibers includes functional food, pharmaceuticals, animal food and other applications. Functional food is the leading segment owing to the high use of dietary fibers as functional food in obesity, diabetics and people suffering from high cholesterol. Pharmaceuticals may emerge as a potential segment of the dietary fibers market due to high use of fibers in the manufacturing of various drugs.
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North America dominated the dietary fiber market owing to high consumption of dietary fibers as food supplements. The increasing prevalence of diabetics among the population in North America has resulted into the implementation of weight loss procedures. In 2013, it was noted that around 37.7 million people are affected with diabetes in this region. Moreover, increased blood sugar levels due to high consumption of junk food cause health complexity which in turn boosts the growth of dietary fibers market. Rising aging population coupled with growing concern for healthy body among the young generation is expected to augment the dietary fiber market growth. Rising number of obesity in U.S. is likely to prompt the demand for dietary fiber supplements in the coming years.
Europe was the second largest market for dietary fibers in terms of demand in 2015. In 2011, the WHO stated that Europe accounted for 50% of obese population amongst which 23% were women and 20% men. This factor contributes for the lucrative growth for dietary fiber market in this region. Also, recovering economic conditions in Europe has augmented the spending capacity of the population which in turn is expected to drive the growth of dietary fiber market.
Asia Pacific is considered to be the most prominent market and is likely to gain traction in the forecast period. Rising dual and disposable income particularly in India and China stimulates the growth of the market. Escalating attractiveness towards healthy body among the generic population has spurred the demand for dietary fiber supplements. This trend positively impacts the dietary fibers market. Increasing diabetic population and ever-increasing health consciousness among the populace in Asia Pacific is also the other factor that led to the growth of dietary fiber market.
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Latin America is anticipated to experience decent growth over the years to come owing to growing demand for dietary fibers from the aging population in Brazil. Latin American food consists of high carbohydrates and fats which may lead to diabetic and obesity. Due to this factor, there has been the shift in preference for healthy living. The Middle East and Africa have a huge stake in developing dietary food market owing to improved lifestyle, increasing spending capacity for functional food along with abundant of raw resources of dietary fibers.
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There has been intense competition leading the players to primarily focus on research and product development to sustain in this market. Lonza Group, SAS Nexira, Archer Daniels Midland Co., Ingredion, DuPont, Roquette Freres, Tate & Lyle, Cargill Inc, SunOpta, Grain Processing Corporation, KFSU Ltd and Grain Millers Inc among other are some of the key profiles in dietary fibers market.
This report segments the dietary fibers market as follows:
Dietary Fibers Market: Source Segment Analysis
- Fruits and Vegetables
- Cereals and Grains
Dietary Fibers Market: Type Segment Analysis
Dietary Fibers Market: Applications Segment Analysis
- Functional Food
- Animal Feed
Dietary Fibers Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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