Press release
Dietary Fibers Market Forecast 2018-2024 | Prominent Players - Cargill, Archer Daniels Midland Company, Nexira, DuPont, Tate & Lyle, DSM
Dietary Fibers Market
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Company Profiled in this 2018 Report:
1. Cargill, Incorporated
2. Archer Daniels Midland Company
3. Lonza Group AG
4. Nexira
5. Ingredion Incorporated
6. DuPont
7. Roquette Freres
8. Tate & Lyle
9. Royal DSM
10. Procter and Gamble
11. Novus International
12. GlaxosmithKline(GSK)
13. Novartis
14. Sudzucker
15. Kerry Group
In 2016, insoluble dietary fibers catered for over of 55% of the industry demand. Increasing occurrences of obesity and high cholesterol among youngsters are resulting into need for nutritive contents in diet. The product has witnessed increased adoption in functional food and pharmaceutical industry owing to its water absorbing property which eventually enhances digestive system.
Growing health consciousness among consumers and rising adoption of healthy lifestyle are the key factors driving Dietary Fibers Market growth. Rapid urbanization along with hectic lifestyles has led to increase usage of fortified food products. Thus, resulting into high demand for dietary fibers. Rising incidences of various diseases pertaining to heart and stomach is accelerating nutritional fibers demand. Benefits such as lowering cholesterol levels and controlling blood sugar levels are major factors influenced product penetration.
Cereals & grains will observe growth over 12.5% up to 2024. Large scale raw material production and easy availability gives economical costing to the industry manufacturers. Thus, enhancing demand in this segment. Major raw material in this segment includes wheat, grain, cereals, rice, oats and corn.
Fruits & vegetable sourced dietary fibers will generate over USD 4 billion by 2024.
Browse Full Report Details @ https://www.gminsights.com/industry-analysis/dietary-fibers-market
Food applications accounted for over 35% of the global demand in 2016. Functional food industry expansion along with increase in consumer preference for fortified products has positively driven dietary fibers demand in food industry. Rise in preference towards energy and sports drinks will drive product demand in beverage industry.
High rich sources content along with large-scale availability will positively influence industry growth in this segment. Prevention from harmful substances passed through the intestinal tract along with aids in lowering blood cholesterol levels are key advantages offered by these products.
North America dietary fibers market accounted for over 30% of the overall industry demand in 2016. Increased consumer awareness along with ability to pay for high priced functional food are key factors driving regional industry growth. Also, increased occurrences of obesity and diabetes in the country has influenced product demand.
Europe is expected to gain highest growth in the beverage segment. Shift in consumer focus towards liquid products in order to have additional nutritious diet will drive regional growth. Rise in the middle-class population along with increasing disposable income will drive overall dietary fibers market growth.
Global industry share includes Cargill, Tate and Lyle, DuPont, Lonza group, Archer Daniels Midland, Roquette Freres, Nexira, Ingredion, Novartis and Royal DSM. High initial investment cost along with long product approvals by government due strict guidelines for nutrition labelling can be a major drawback for new industry participants.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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