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Dietary Fiber Market Forecas to 2019 by Product Type and Application
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. North America led the global market followed by Europe and Asia-Pacific in terms of revenue in the year 2013.
The global dietary fiber market in terms of volume is projected to grow at a CAGR of 10.4% from 2014 to 2019. 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.Major players like Cargill Inc. (U.S.), E.I. DuPont de Nemours (U.S.), Lonza Group (Switzerland)
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 create opportunities for the novel fiber segment. 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. This is a premium research report priced at US$ 4650 for single user PDF license. Inquie for discount on this research report at http://www.rnrmarketresearch.com/
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