Key Growth Opportunities in the 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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Fruits & vegetable is projected to account for the largest market share during the forecast period.

Fruits & vegetable are the major source of many micronutrients such as vitamins, minerals, dietary fibers, carbohydrates, proteins, and others. Vegetables that are a good source of dietary fiber are garlic (Allium sativum), dandelion greens (Taraxacum), carrot, potato, beans, and peas. Vegetables such as carrot, potato, and broccoli contribute to a soluble fiber content of 1 gm per serving.

Functional food & beverages is projected to be the fastest-growing dietary fibers application in terms of value.

Fiber ingredients are continuously improved to provide excellent dissolution and taste characteristics, as well as blend easily with a variety of functional foods & beverages. Furthermore, due to the shifting 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.

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.

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Leading players identified in the dietary fibers market include E. I. du Pont de Nemours and Company (US), Cargill (US), Nexira SAS (France), Roquette Fr?res S.A. (France), and Ingredion Incorporated (US). Key players in this market are adopting strategies such as agreements, acquisitions, and expansions.

All in all, the dietary fibers market is projected to record significant growth during the forecast period. Retailers focus on improving their sales and profit by accommodating their shelf space with functional food products. Key players also focus on developing products that align with the health and fitness requirements of consumers to cater to the increasing demand of retailers and consumers. These factors are projected to reflect positively on the market growth.

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