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Dietary Fibers Market Size, Share, Growth, Trends, and Forecast - 2022 | Top Key Players are Cargill, Ingredion Incorporated, Archer Daniels Midland Company, Tate & Lyle PLC, Kerry Group plc

11-20-2019 11:39 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets™

Dietary Fibers Market

Dietary Fibers Market

The report "Dietary Fibers Market by Type (Soluble, Insoluble), Application (Functional Food & Beverages, Pharmaceuticals, Animal Feed), Source (Cereals & Grains, Fruits & Vegetables, Legumes), and Region - Global Forecast to 2022" The Dietary Fibers Market Is Projected To Account for a Value of USD 6.5 Billion By 2022 Consumers are increasingly becoming fitness-conscious, which has influenced their diets as well. To maintain their health, they are supplementing their fitness regimes with a range of functional food products. Due to the increasing demand for functional food products, manufacturers are increasingly utilizing various dietary fibers in their products. According to MarketsandMarkets, the dietary fibers market is projected to account for a value of USD 6.5 billion by 2022, recording a CAGR of 11.6%.

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Changing lifestyle and higher disposable income

Urbanization has led to changes in the lifestyle of consumers particularly in developing countries such as Brazil, Argentina, South Africa, China, and India. With increasing workload and busy lifestyles, coupled with the rise in disposable incomes, the consumption of processed convenience foods has increased leading to an increased demand for dietary fiber-based products. Several leading companies have started enhancing their processed food products with nutrients to meet the growing consumer demands for a balanced diet. Hence, dietary fibers have become a largely added functional ingredient choice by most processed food manufacturers, contributing to the growth of the dietary fiber market. This has resulted in the growing demand for products that offer balanced nutrition. Thus, the consumer demand for functional foods, nutraceuticals, and supplement has increased. Dietary fibers are used as an essential ingredient in functional foods. Hence, its market size increases along with the growth of the functional food sector.

The Cereals & Grains Segment Is Projected To Witness the Second-highest Growth Through 2022

Increasing prevalence of diabetes and obesity has encouraged consumers to maintain their fitness. Consumers focus on supplementing their diets with a range of functional food products to maintain their health, blood-sugar levels, and weight. High demand for functional food products has encouraged manufacturers to invest in a range of grains and cereals to enhance the nutritional quotient of products and align with their health requirement. These factors are projected to contribute to the growth of the cereals & grains segment during the forecast period.

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North America To Dominate the Dietary Fibers Market During the Forecast Period

A shift in the preferences of consumers toward fat-free and nutrition-rich food products has encouraged retail outlets to accommodate shelves for functional food products. Increasing obesity among consumers has encouraged consumers to follow a strict fitness regime, due to which the preference for functional food products is projected to grow in the North American region. Increase in the number of fitness-conscious consumers has led manufacturers to invest in a range of dietary fibers to enhance the nutritional quotient and quality of products. On account of these factors, North America is projected to dominate the market during the forecast period.

Key participants in the supply chain of the dietary fibers market are the product manufacturers, end-use industries, and raw material suppliers. The key players that are profiled in the report include Cargill (U.S.), E. I. du Pont de Nemours and Company (U.S.), Ingredion Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Tate & Lyle PLC (U.K.), Kerry Group plc (Ireland), Roquette Frères S.A. (France), Südzucker AG (Germany), J. RETTENMAIER & SÖHNE GmbH & Co KG (Germany), Nexira SAS (France), Grain Processing Corporation (U.S.), and Lonza Group AG (Switzerland).

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Mr. Shelly Singh
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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