SELBYVILLE, Delaware, May 28, 2020 /PRNewswire/ -- Global insoluble dietary fibers market revenue is poised to cross USD 5 billion by 2026, according to a new research report by Global Market Insights, Inc. Rising consumer health consciousness and demand for demand for functional foods globally will escalate the demand for low calorie products, thus fostering overall market growth.
Increasing government policies and initiatives to improve the nutrition intake among people will fuel insoluble dietary fibers industry demand. Substantial investments directed toward R&D by leading companies have resulted in enhancement of shelf life, improved texture, and heat stability in food and beverage products. Strict nutrition facts labelling and standards on packaged food items that govern the suitability of dietary fiber claims will help in improving the quality of products.
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Fruits & vegetables emerge as prominent sources of insoluble dietary fibers accounting for over 40% market share in 2019. Fruits and vegetables such as spinach, carrots, broccoli, cauliflower, cabbage, kale, apples, banana, mango, orange, and dark leafy vegetables. are excellent sources of insoluble fiber. These essential substances help to promote bowel health, supports insulin sensitivity and helps reduce your risk of diabetes. Technological advancements enabling the utilization of fruits & vegetable waste to derive dietary fiber will have a positive impact on market outlook.
Some major findings of the insoluble dietary fibers market report include:
Browse key industry insights spread across 300 pages with 242 market data tables and 16 figures & charts from the report, "Global Insoluble Dietary Fibers Market Statistics By Product (Cellulose, Hemicellulose, Chitin & Chitosan, Lignin, Fiber/Bran, Resistant Starch), Source (Cereals & Grains, Fruits & Vegetables), Application (Food [Bakery, Breakfast Cereals & Snacks, Confectionery, Dairy, Meat Products, Infant Food], Beverages, Pharmaceutical, Companion Animal Nutrition), Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2015 – 2026" in detail along with the table of contents:
Insoluble dietary fibers market from pharmaceutical application is anticipated to witness over 8% CAGR up to 2026, due to increasing R&D investments and product development of pharmaceutical supplements. Consumer focus to maintain fitness and regulate body weight has enhanced product penetration in the dietary supplement industry. For instance, both professional athletes and fitness enthusiasts have increased the consumption of fiber-fortified dietary products to aid weight management and improve digestion.
Asia Pacific insoluble dietary fibers market is anticipated to witness over 7% CAGR through 2026. Favourable demographic scenario, which has both young and geriatric populace seeking healthy alternatives in terms of diet and supplementation to prevent diseases will proliferate business opportunities. Besides, rising disposable income, increasing consumer expenditure level, and changing living standards due to rapid urbanization in major metropolitan cities will escalate the industry landscape in the region.
Manufacturers are engaged in strategic expansion initiatives including partnerships, acquisitions, joint ventures, R & D activities to improve their market share and compete with major players. For instance, in February 2019, Archers Daniels Midland announced the completion of acquisition of Neovia for USD 1.8 billion. This will help the company to expand its animal nutrition product portfolio, improve its R&D capabilities, and enable development of animal nutrition ingredients and solutions. These factors will have a positive impact on market statistics.
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Dietary Fibers Industry By Application (Food, Beverages, Pharmaceutical, Companion Animal Nutrition), Product (Soluble, Insoluble), Source (Cereals & Grains, Fruits & Vegetables), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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