Global Dietary Fibers Market: Overview
Growing demand for nutrient-rich food due to rising level of awareness about the benefits of such food is expected to propel the growth of the global dietary fibers market during the forecast period. Growing interest in and awareness about preventive healthcare across populations is another growth factor for the market.
In addition to that, rising incidences of lifestyle diseases such as diabetes, obesity, and cardiovascular diseases are expected to further the consumption of functional food, which will trigger growth of the global dietary fibers market during the assessment period.
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With the objective of offering a detailed and deeper insight into the market, segmentations of the market have been done on the basis of product type, source, application, and region.
Global Dietary Fibers Market: Notable Developments
Change is a constant process for any market and so the global dietary fibers market has witnessed some over the past few years. These developments exhibit the changing dynamics of the market. One such development is mentioned below:
- In 2017, Coca-Cola Company introduced Coca-Cola Fiber+ in Japan functional foods market. It is one of the offerings in the list of Food of Specified Health Use (FOSHU) drinks in Japan. This zero-calorie beverage comes with 5 grams of non-digestible dextrin, which is a rich source of dietary fiber. The functional benefits of Coca-Cola Fiber+ is expected to gain popularity among health-conscious consumers as they restrain absorption of fat and assists in the regulation of triglycerides level in blood. Product launches such as this are likely to keep the dietary fiber market afloat in years to come.
Some of the key market players of the global dietary fibers market are
- Archer Daniels Midland Company
- Ingredion Incorporated
- Procter & Gamble Company
- Rettenmaier & Sohne Gmbh & Co,
- Novus International Inc.,
- Grain Processing Corporation
- Roquette Freres S.A.
- I Dupont De Nemours & Company
Global Dietary Fibers Market: Growth Drivers
Increased Occurrences of Cardiovascular Diseases to Accentuate Demand for Dietary Fibers
The global dietary fibers market islikely to gain traction from the benefits derived from functional food, which goes beyond the need for basic nutritional requirements. Consumers are more inclined toward taking preventive measures when it comes to illnesses.
One of the well-established ways to diminish the chances of developing a cardiovascular disease is to reduce the level of serum LDL cholesterol though lesser consumption of saturated fat. Four vital water-soluble fiber types are guar gum, pectin, psyllium, and β-glucan. These fibers reduce the level of concentrated serum LDL cholesterol effectively. In addition to that, epidemiological studies recommend intake of water-soluble fiber rich diet to reduce the probability of cardiovascular diseases.
Some of the prominent market players in the nutraceuticals sector such as Cargill Corporation, Arla Foods amba, and Danone S.A are adding fiber as an important ingredient in the making of nutraceuticals. Such a move by nutraceuticals producers is likely to offer ample growth opportunities for the global dietary fibers market. Functional food is gaining popularity across the globe gradually..
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Global Dietary Fibers Market: Regional Outlook
Asia Pacific, the Middle East and Africa,South America, Europe, and North America comprise the major regions of the globaldietary fibers market.
From the regional standpoint,North America is likely to command the global dietary fibers market. Such regional dominance is owing to the increasing incidences of obesity and cardiac arrest among the elderly and the young people as well. In addition to that, increasing capability to spend on premium and healthy food products is driving the North America dietary fibers market.
The global dietary fibers market is segmented as:
- Cereals & Grains
- Fruits & Vegetables
- Animal Nutrition
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