PUNE, India, October 9, 2015 /PRNewswire/ --
The report "Dietary Fibers Market by Source (Cereals & Grains, Fruits & Vegetables & Others), Type (Soluble & Insoluble), Application (Functional Food & Beverages, Animal Feed, Pet Food & Pharmaceuticals), and by Region - Global Trends & Forecast to 2020" published by MarketsandMarkets, The global Dietary Fibers Market, in terms of value, is projected to reach USD 4.31 Billion by 2020, at a CAGR of around 13.2% during the forecast period.
Browse 102 market data Tables and 56 Figures spread through 200 Pages and in-depth TOC on "Dietary Fibers Market"
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The market report defines and segments the Dietary Fibers Market with analyses and projections of the size of the market both in terms of volume and value. It also identifies the driving and restraining factors of the market with an analysis of trends, opportunities, and challenges. The market is segmented and projected on the basis of regions into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The market size is projected on the basis of type and region. The market for dietary fibers has a significant impact on the processed food sector
The global Dietary Fibers Market, in terms of value, is projected to reach USD 4.31 Billion by 2020, at a CAGR of around 13.2% during the forecast period. Factors such as health problems, diet-consciousness, introduction of advanced technologies, increase in disposable income, and rise in the middle-class population are the major drivers of the Dietary Fibers Market. The Dietary Fibers Market continues to grow due to high demand in most countries and the intensifying market opportunities. The market players are responding to these new opportunities by expanding their global presence and product lines. Soluble and insoluble are types of dietary fibers. Soluble dietary fibers include pectins, gums, mucilages, and some hemicelluloses. Good sources of soluble fiber include oats and oatmeal, legumes (peas, beans, and lentils), barley, fruits, and vegetables (especially oranges, apples, and carrots).
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Dietary fibers are widely used in the functional food & beverages, animal feed, pet food, and pharmaceutical industries with various stakeholders such as raw material producers, suppliers, processors, distributors, and end-user industries such as manufacturers of functional foods, dairy, bakery & confectionery, beverage, meat products, and pharmaceuticals. The nutrient profile of dietary fiber sources varies with soil and climatic conditions. This has led to an increase in global trade and availability of different sources of soluble dietary fibers for their application in accordance with their type and consumer demand.
The Dietary Fibers Market is highly fragmented with the key market players driving the growth through agreements, expansions, acquisitions, and new product launches. The market is competitive with the leading players involved in the research & development of new dietary fiber products and its applications. Manufacturers have patented their technologies for manufacturing dietary fibers. Any new entrant has to compete with well-established players, such as Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), E. I. du Pont de Nemours and Company (U.S.), Südzucker AG (Germany), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Roquette Frères (France), and SunOpta Inc. (Canada) to penetrate and gain a considerable share in the market, which is one of the key entry barriers.
North America held the maximum market share and is estimated to grow with a high CAGR during the period under consideration, followed by Europe. The Asia-Pacific region is expected to grow at the highest CAGR. The RoW region is also anticipated to experience growth in the Dietary Fibers Market in the near future. The most prospective countries for dietary fibers are India, China, and Brazil, which are assumed to exhibit the fastest-growing trend for dietary fiber consumption.
The functional foods sector is the biggest market by application, where the pharmaceutical supplements market is projected to witness fast growth. In functional food applications, the dairy segment was estimated to be the largest market in 2014. The report further studies other key aspects of the market, which includes Porter's analysis, competitive landscape, SWOT, and supply chain. Moreover, profiling of important market players have also been conducted.
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