The Dietary Fiber market is estimated to grow from $2272.4 million in 2013 to $4,210.0 million by 2019 with a CAGR of 13.1% through 2019.
Dallas, Texas (PRWEB) March 22, 2014
The positive attributes of dietary fiber propels their use as specialty ingredients in end-use industries such as food and pharmaceuticals. The dietary fiber market is classified on the basis of type, such as conventional, novel, soluble, and insoluble. This report estimates the market size of the dietary fiber market in terms of both value and volume. Functional foods, bakery & confectionery, dairy, beverage, meat products, and pharmaceuticals are the end-user applications for dietary fiber. With the increasing penchant for health benefits, the market is likely to witness a robust growth in the years ahead.
Dietary fiber is an important segment of the specialty food ingredients segment and is fast gaining acceptance due to its documented health benefits. In terms of end-use, functional foods remain the leading market for dietary fibers. The pharmaceutical market is set to exhibit the strongest volume increases, followed by meat products. Bakery & confectionery, dairy and beverage sectors also exhibit strong potential. On the other hand, increasing regulations and strict labeling requirements may act as key restraints hindering the growth of the market.
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Major players like Cargill Inc. (U.S.), E.I. DuPont de Nemours (U.S.), Lonza Group (Switzerland), Roquette Freres (France) are scaling their business by bringing in new products and pursuing mergers and acquisitions in developing markets. Top eight players in the dietary fiber industry held a market share of around 65.0% depicting the participation of other small players in the industry.
The global dietary fiber market in terms of volume is projected to grow at a CAGR of 10.4% from 2014 to 2019. Although dominated by conventional fibers, the novel fibers segment is projected to drive the growth 2014 to 2019. The penetration of conventional fibers is high in the developing countries and these are expected to witness a sluggish growth in the years ahead due to the rapid growth and acceptance of novel fibers. The R&D activities, technology developments and unearthing new sources of fibers for the market creates opportunities for the novel fiber segment.
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The global dietary fiber market is largely driven by the volume growth in its end-use industries. The penchant for consumption of products such as functional food, beverage, dairy, meat products, and pharmaceuticals is resulting in the growth of this industry. And hence, developed F&B markets such the U.S. and other EU-27 countries are at the forefront of market demands. These markets, however, show modest growth trends. The changing dynamics of consumption pattern in the Asian developing economies is poised to drive future growth of the dietary fiber sector. Trend of increasing aging population, improving customer preferences towards functional foods, and increasing demand for the dietary supplements sector will boost the demand for dietary fibers.
Major points from table of content
12 Company Profiles (Overview, Financials, Products & Services, Strategy, And Developments)
12.1 Cargill Inc.
12.2 E. I. Dupont De Nemours And Company
12.3 Grain Processing Corporation
12.4 Ingredion Incorporated
12.5 Lonza Group Ltd
12.6 Roquette Freres
12.7 Sas Nexira
12.8 Sunopta Inc
12.9 Tate & Lyle
12.10 Tic Gums Inc
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