The global dietary fiber market was valued at more than $2 billion in 2015 and is expected to surpass $4 billion by 2020, says Technavio.
Technavio’s food portfolio has announced its latest market research report on dietary fiber for the forecast period, 2016-2020. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the global dietary fiber market during the forecast period. Some of the top vendors listed in this industry analysis include Archer Daniels Midland, Cargill, DuPont, Lonza Group, Roquette Freres, and Tate & Lyle.
In terms of geographical analysis, North America will account for the largest share of the global market and is expected to reach a revenue of almost $2 billion by 2020. The US will emerge as the key revenue-generator for the North American market.
“The market is currently witnessing an upsurge in the demand for bakery products that contain natural ingredients such as dietary fibers and whole grains. When consumed on a regular basis, dietary fibers help reduce obesity, maintain optimum blood sugar levels, and help consumers effectively manage their energy levels. The inclusion of dietary fibers in bread and bakery products helps regulate and support intestinal flora and ease human digestion,” says Manjunath Reddy, a lead analyst at Technavio for research on food.
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The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Health benefits associated with dietary fibers
Dietary fibers known for their benefits such as relieving or preventing constipation, lowering the risk of diabetes and heart disease and maintaining a healthy weight. Found in vegetables, whole grains, legumes, and fruits, dietary supplements are also sold as supplements and food additives. Increased awareness about its health benefits is propelling the demand for dietary fibers in the global market. People are consuming dietary fibers to treat gastrointestinal disorders, lower cholesterol levels, reduce the risk of colon cancer, and aid in weight loss. The increasing use of dietary fiber in the reduction of abdominal diseases is expected to propel the growth of the global market over the next four years.
Growing demand for dietary fiber in animal and pet feed
The incorporation of dietary fibers in animal and pet feed is currently on the rise. This trend is spurred by the important role they play in regulating laxation and stool quality. Due to the growing awareness of the beneficial effects of dietary fibers and the increasing popularity of functional foods coupled with holistic and natural diets, novel carbohydrates are being increasingly used in pet nutrition. Many whole grains and fruits as dietary fiber sources are being recognized as beneficial by the pet food industry and pet owners.
Increasing popularity of dietary fiber as functional foods
Increased health consciousness among the global population has made consumers particular about the food they consume and the ingredients used in its manufacture. The use of dietary fibers in functional foods helps reduce the occurrence of diseases especially diabetes, improves health, and lowers cholesterol levels. The demand for functional foods is especially high in regions such as APAC and North America due to the increasing interest in health and wellness. Factors such as rising number of food-related problems, high disposable incomes of consumers, and rising awareness about the link between diet and food-related habits are contributing to the growing consumption of dietary fiber as functional foods.
Some of the other prominent vendors identified in this report are Cosucra Groupe Warcoing, Fiberstar, Grain Millers, Kfsu, SAS Nexira, SunOpta, VDF Futureceuticals, and Z-Trim Holdings.
This research report includes an in-depth analysis, market shares, and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, and key financials. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Dietary Fiber Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Dietary Supplements Market 2015-2019
- Global Probiotics Market 2015-2019
- Supplements Market in the US 2016-2020
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