Dietary Fibers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Global Dietary Fibers Market: Snapshot
The growing popularity of healthy food among a substantial proportion of the global population is projected to exhibit substantial growth prospects in the dietary fiber market. The increasing awareness about health has increased the demand for dietary fiber products. The growing consumer preference for dietary fiber is projected to create extensive growth for the global dietary fiber market. Thus, these aspects are conducive to the growth of the dietary fiber market.
Rapid urbanization has given rise to several health issues such as obesity and cardiac ailments among young and older adults. Additionally, the consumers are preferring the consumption of dietary fibers as a healthy food option. When consumed on regular basis, dietary fiber provides a range of health benefits such as low cholesterol levels and good heart health. These factors are predicted to have a positive impact on the growth trajectory of the dietary fiber market. Players are increasing their R&D activities in order to innovate a wide range of dietary fiber, thereby expanding their consumer base. Various food product brands are attracting a large consumer base owing to the health benefits provided by, dietary fiber which in turn, is estimated to fuel the growth rate of the dietary fiber market.
Strategic collaborations form an important part of the growth structure of the dietary fiber market. Partnerships, mergers, acquisitions, and joint ventures, and are vital for boosting the business expansions of players in the dietary fiber market. These collaborations help in increasing the production capacities of the players. Furthermore, it is also expanding its presence in newer regions. These aspects contribute to the growth of the dietary fiber market.
Among all the regions, North America is estimated to present massive avenues for players in the dietary fiber market. Furthermore, Asia Pacific is also anticipated to emerge as a leading region because the awareness about dietary fiber is increasing at a rapid pace among the regional population.
Global Dietary Fibers Market: Overview
Growing demand for nutrient-rich food due to rising level of awareness about the benefits of such food is expected to propel the growth of the global dietary fibers market during the forecast period. Growing interest in and awareness about preventive healthcare across populations is another growth factor for the market.
In addition to that, rising incidences of lifestyle diseases such as diabetes, obesity, and cardiovascular diseases are expected to further the consumption of functional food, which will trigger growth of the global dietary fibers market during the assessment period.
With the objective of offering a detailed and deeper insight into the market, segmentations of the market have been done on the basis of product type, source, application, and region.
Global Dietary Fibers Market: Notable Developments
Change is a constant process for any market and so the global dietary fibers market has witnessed some over the past few years. These developments exhibit the changing dynamics of the market. One such development is mentioned below:
Some of the key market players of the global dietary fibers market are
Global Dietary Fibers Market: Growth Drivers
Increased Occurrences of Cardiovascular Diseases to Accentuate Demand for Dietary Fibers
The global dietary fibers market islikely to gain traction from the benefits derived from functional food, which goes beyond the need for basic nutritional requirements. Consumers are more inclined toward taking preventive measures when it comes to illnesses.
One of the well-established ways to diminish the chances of developing a cardiovascular disease is to reduce the level of serum LDL cholesterol though lesser consumption of saturated fat. Four vital water-soluble fiber types are guar gum, pectin, psyllium, and β-glucan. These fibers reduce the level of concentrated serum LDL cholesterol effectively. In addition to that, epidemiological studies recommend intake of water-soluble fiber rich diet to reduce the probability of cardiovascular diseases.
Some of the prominent market players in the nutraceuticals sector such as Cargill Corporation, Arla Foods amba, and Danone S.A are adding fiber as an important ingredient in the making of nutraceuticals. Such a move by nutraceuticals producers is likely to offer ample growth opportunities for the global dietary fibers market. Functional food is gaining popularity across the globe gradually..
Global Dietary Fibers Market: Regional Outlook
Asia Pacific, the Middle East and Africa,South America, Europe, and North America comprise the major regions of the globaldietary fibers market.
From the regional standpoint,North America is likely to command the global dietary fibers market. Such regional dominance is owing to the increasing incidences of obesity and cardiac arrest among the elderly and the young people as well. In addition to that, increasing capability to spend on premium and healthy food products is driving the North America dietary fibers market.
The global dietary fibers market is segmented as:
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