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
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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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