The dietary fibers market is valued at USD 3.37 billion in 2016, and projected to grow at a CAGR of 11.6%, to reach USD 6.50 billion by 2022. The market is primarily driven by factors such as growth in demand for functional foods and initiatives undertaken by the government and regulatory bodies to increase consumer awareness. Asia-Pacific is projected to be the fastest-growing region due to the increased awareness among buyers in China and India. One of the major restraints in the growth of the dietary fibers market is the time and investment required for regulatory approval.
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Leading players profiled in this report:
- Cargill (U.S.)
- Roquette Frères (France)
- E. I. du Pont de Nemours and Company (U.S.)
- Ingredion Incorporated (U.S.)
- J. Rettenmaier & Söhne GmbH Co KG (Germany)
- Grain Processing Corporation (U.S.)
On the basis of type, the dietary fibers market was led by the soluble dietary fiber. The inulin segment, as a type of soluble dietary fiber, accounted for the highest market share in 2016. The key manufacturers in the soluble dietary fibers market offer inulin for different industrial applications such as food, feed, and pharmaceuticals.
On the basis of source, the fruits & vegetables segment accounted for the largest share in the dietary fibers market in 2016. Fibers from fruits & vegetables such as apple, banana, pear, potato, okra, and carrot are widely used in pharmaceuticals, functional food products as well as various sports nutritional products.
Based on application, the functional food & beverages segment is projected to be the fastest-growing during the forecast period. Due to the changing diet patterns and the rising health concerns, dietary fibers have begun to form an integral part of processed and packaged foods in a bid to meet nutritive requirements.
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The Asia-Pacific region is projected to be the fastest-growing market for the period considered for this study, due to the increase in adoption of dietary supplements fortified with fibers. The food & beverages market in the Asia-Pacific region is currently undergoing a significant transformation in response to rapid urbanization and diet diversification.