Archer Daniels Leading $3.2 Billion Global Dietary Fibers Market in 2016: TechSci Research Report

Increasing awareness about the benefits of dietary fibers coupled with the changing lifestyle, rising geriatric population along with new product developments by food and pharma companies are expected to fuel the global dietary fibers market until 2022

According to a TechSci Research report, “Global Dietary Fibers Market By Product Type, By Source, By Application, By Region, Competition Forecast and Opportunities, 2012-2022”, the global dietary fibers market is projected to register a CAGR of more than 13% during 2017-2022. The growth of dietary fibers market is led by factors such as increasing number of health conscious consumers, rising geriatric population, and growing disposable income, especially across developing economies. Moreover, there has been a considerable increase in the number of obese people and incidences of lifestyle related diseases over the past few years. Additionally, dietary fibers are being highly recommended by medical practitioners to be included in the daily diet due to various health benefits associated with them such as boosting immunity and digestion.

Archer Daniels Midland Company dominated global dietary fibers market followed by Cargill, in 2016, owing to their robust sales and deeper market penetration and innovative product offerings. Other prominent players operating in the industry includes Ingredion Inc., Tate & Lyle PLC, Lonza Group AG, etc.,

Browse 306 market data Figures and Tables spread through 190 Pages and an in-depth TOC on "Global Dietary Fibers Market"

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On the basis of type, global dietary fibers market is broadly segmented into soluble and insoluble dietary fibers. Insoluble dietary fibers dominated the market in 2016 and are expected to dominate during the forecast period as well on account of the growing preference for weight management products, as the number of obesity related diseases is on the rise. Among other major sources, cereals & grains dominate the global dietary fibers market due to presence of high fiber content in them and their easy availability.
The major demand for dietary fibers emanates from the food & beverage application. The sector dominated the global dietary fibers market in 2016 and is anticipated to maintain its dominance in the coming years as well. The dominance of this sector can be attributed to growing consumer demand for fiber-fortified food & beverages on account of rising health risks due to sedentary lifestyle. In 2016, North America dominated the market with more than one-third of the market share, and the region is expected to generate significant demand for dietary fibers in the coming years as well, on the back of growing consumer preference for healthy food products as the occurrence of cardiovascular diseases is on the rise.

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“With growing cases of obesity and heart diseases, people are becoming more concerned about their health. World Obesity Federation (WOF) United States, is expected to spend USD555 billion in treating obesity-related problems in 2025 alone. Moreover, government is also taking initiatives to promote healthy food habits. These factors would steer the growth of dietary fibers, globally. Other factors like development by food and pharma companies, stringent food policies and rising disposable income are expected to drive the market for dietary fiber in the ensuing years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Dietary Fibers Market By Product Type, By Source, By Application, By Region, Competition Forecast and Opportunities, 2012-2022” has evaluated the future growth potential of global dietary fiber market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the global dietary fiber market.

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