Global Dietary Fiber Market is considered to register a remarkable CAGR during the forecast period (2018–2023) owing to the growing consumption of sports nutrition, asserts Market Research Future (MRFR). Dietary fiber is referred to as a carbohydrate which cannot be digested by the enzymes of our body and is found in cereals, fruits, vegetables, dried peas, nuts, lentils, and other plant sources. Such dietary fibers help in waste movement inside the body and lower the risk of heart disease and diabetes by reducing cholesterol and blood sugar level.
Drivers and Constraints Impacting the Market
With increasing health and diet concern among the consumers, growing demand for bread which comprises dietary fibers in order to increase the shelf life, and rise in disposable income, the global market for dietary fiber is considered to stimulate during the assessment period. Health benefits such as reduced risk of obesity, hypertension, heart, stroke, and gastrointestinal diseases are likely to fuel the global market. Moreover, increasing consumer preferences for healthy lifestyle coupled with growing demand for nutritious food is presumed to influence the market positively. Also, launch of different dietary fiber-based products is another factor expected to augment the market growth in the coming years.
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On the flip side, excessive consumption of dietary fibers can lead to reduced mineral absorption, diarrhea, and removal of good cholesterol. This is further likely to impact the market across the globe adversely. Moreover, strict mandates imposed by FDA like change in definition of dietary fibers, which can result in recalling the products for reassessment and re-examination are considered to impede the market growth in the coming years.
Major Key Players
The noteworthy players operating the Global Dietary Fiber Market are Cargill Incorporated (U.S.), Roquette Frères S.A. (France), Südzucker AG Company (Germany), Archer Daniels Midland Company (U.S.), Tate & Lyle (U.K), DowDupont Inc. (U.S.), B&D Nutritional Ingredients Inc. (U.S.), Shandong Minqiang Biotechnology Pvt Ltd (China), Ingredion Incorporated (U.S), and Lonza Group AG (Switzerland).
November 05, 2018: Sensus, major chicory root processor, has recently announced that their full range of oligofructose and chicory inulin products have been qualified as natural according to the new ISO 19657:2017 standard. Root of the chicory plant is considered to be the natural source of the oligofructose and inulin ingredients that Sensus produces.
Global Dietary Fiber Market: Segmental Analysis
The global dietary fiber market has been segmented on the basis of end-user, source, fiber component, function, and region.
By mode of source, the global dietary fiber market has been segmented into plant extracts, seaweed extract, woody plants, cereals and grain, fruits, vegetables, microbial gum, and others. Among these, cereals and grains are considered to dominate the global market owing to the product availability compared to sources like legumes. Bran, oat, rice, wheat, and corn are some of the major sources in this segment.
By mode of end-users, the global dietary fiber market has been segmented into animal feed, pharmaceutical, breakfast cereals, functional food & beverages, and others.
By mode of function, the global dietary fiber market has been segmented into binding agents, water holding capacity, fermentation, gel formation, viscosity, and others.
By mode of fiber component, the global dietary fiber market has been segmented into lignin, pectin, chitin, inulin, cellulose, polydextrose, hemicellulose, and others.
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Global Dietary Fiber Market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions, the North American region is considered to hold a significant share and is considered to maintain its dominance. The growth is attributed to several factors such as the high growth of functional food and beverages products among the consumers in this region. Increasing per capita income along with high expenditure on healthy food products are some of the major factors stimulating the market growth.
The Asia Pacific region, on the other hand, is likely to expand at a high pace owing to the increasing consumer spending on functional food and beverages. Moreover, strong promotional activities by the market players are considered to stimulate the market growth in this region.
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