According to the report, published by Zion Market Research, global demand for dietary fibers market 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.
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Fibers are either present in nature or manufactured synthetically. Dietary fibers are natural fibers which are edible and consist of high nutritional content. Dietary fibers can be obtained from plants whereas natural fibers can be extracted from animals too. In recent times, dietary fibers have gained due value due to its high nutritional content.
There has been tremendous growth in diseases such as obesity and diabetics due to the hectic lifestyle and unhealthy habits. This has resulted in awareness regarding the healthy food and supplements; this mainly drives the dietary fiber market. However, stringent regulations posed by the government for health safety may hamper the growth of the market. Nevertheless, rising demand from the emerging countries due to increasing attraction for healthy supplements bid the demand for the dietary fibers market in the forecast period.
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The dietary fibers market can be segmented based on source, type, application and region. On the basis of source, dietary fibers can be obtained from fruits and vegetables, cereals and grains and from other sources. Cereals and grains are considered as highly potential segment owing to a high content of dietary fibers. Cereals and grains such as bran, wheat, oats, rice, barley etc and apple, orange, beets, pear are some of the fruits and vegetable with the high percentage of dietary fibers. The type segment for dietary fibers can be segmented as soluble and insoluble dietary fibers. Soluble fibers such as pectin, inulin, beta-glucan, polydextrose and others are some of the highly used soluble fibers. Soluble fibers are preferred for losing weight and lowering cholesterol so it is highly recommended to the patients suffering from obesity, diabetics, and high blood pressure. This factor bolsters the soluble dietary fibers market. Lignin, cellulose, chitosan, hemicelluloses and chitin among others are insoluble fibers. Some of the major applications for dietary fibers are the functional food, pharmaceuticals, and animal feed among others. Functional food has gained huge market in recent times owing to growing attraction towards healthiness from young generation and women.
North America dominated the dietary fibers market followed by Europe owing to high demand for dietary fibers from the end users such as dietary supplements, food industry, and pharmaceuticals. Moreover, growing aging population in U.S spurs the market in North America due to high consumption of dietary fibers from the generic population. Asia Pacific is considered to be the most prominent market for dietary fibers and is likely to gain traction in the forecast period. Growing rate of health conscious population, particularly in India and Japan, aids the growth of Asia Pacific market for dietary supplements. Latin America is anticipated to experience decent growth over the coming years owing to growing demand for dietary fibers from the aging population in Brazil in coming years. The Middle East and Africa is expected to show sustainable growth owing to improved living standards and abundance of raw resources.
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Some of the key players in the dietary fibers are 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 others. The presence of various vendors had led to intense competition; therefore the companies in this market space must practice constant innovation strategy by focusing on research and product development for maintaining their sales in the market.
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