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Dietary Fibers Market 2024 : Global Industry Trends, Share, Size, Growth, Opportunity And Forecast To 2033
Dietary Fibers Market
As per the report, the dietary fibers market size has grown rapidly in recent years. It will grow from $9.05 billion in 2023 to $10.05 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The dietary fibers market size is expected to see rapid growth in the next few years. It will grow to $15.71 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%.
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Growing Appetite For Functional Foods Drives Growth In Dietary Fiber Market
Increased demand for functional food is expected to propel the growth of the dietary fiber market going forward. Functional foods are frequently chosen because they provide numerous health benefits and are healthy. When dietary fiber is utilized as a supplement to meals, it is regarded as a functional food since it adds a specific function to the food in addition to the typical anticipated function. For instance, according to the Institute of Food Technologists (IFT), a US-based non-profit scientific society, the sales of functional foods and beverages in the United States reached $83 billion in 2021, a 6.8% increase over 2020. Therefore, increased demand for functional food is driving the growth of the dietary fiber market.
Product Innovations Transforming The Dietary Fibers Market
Product innovation is a key trend gaining popularity in the dietary fibers market. Major companies operating in the dietary fibers market are focused on developing new products to strengthen their position. For instance, in April 2021, DuPont de Nemours Inc., a US-based chemicals and science-based products company introduced Lactase Nurica which generates GOS fiber and lactose-free dairy products in China, to help them meet their daily fiber requirements and to enhance overall gut health and digestibility. Nurica is a novel enzymatic solution that allows manufacturers to naturally synthesize dietary fibers in the form of GalactoOligoSaccharides (GOS) in situ by converting lactose found in dairy products. The unique features of Nurica include high fiber, reduced sugar, and low or no lactose while maintaining quality and profitability.
The dietary fibers market covered in this report is segmented -
1) By Product: Soluble dietary fibers, Insoluble dietary fibers
2) By Raw Material: Fruits and Vegetables, Cereals and Grains, Legumes, Nuts and Seeds
3) By Application: Food and Beverage, Pharmaceuticals, Animal Feed, Other Applications
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Major companies operating in the dietary fibers market report are The Archer-Daniels-Midland Company, Lonza Group AG, Roquette, The Emsland Group, Cargill Incorporated, DuPont de Nemours Inc., Kerry Inc., The Green Labs LLC, Nexira, Ingredion Incorporated, Tate & Lyle PLC, Farbest Brands, AGT Food and Ingredients, Batory Foods Inc., Koninklijke DSM N.V., The Hain Celestial Group Inc., Dole Food Company Inc., Dairy Farmers of America Inc., Grain Millers Inc., PURIS, Taiyo International, Grain Processing Corporation, Fiberstar Inc., KFSU Ltd., Solvaira Specialties Inc., SunOpta Inc., Tereos S A, Unipektin Ingredients AG, Cosucra Groupe Warcoing SA, SENSUS Inc.
Contents of the report:
1. Executive Summary
2. Dietary Fibers Market Report Structure
3. Dietary Fibers Market Trends And Strategies
4. Dietary Fibers Market - Macro Economic Scenario
5. Dietary Fibers Market Size And Growth
…..
27. Dietary Fibers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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