Dietary Fiber Market Overview:
The global Dietary Fiber Market Value is estimated to reach USD 21.9 Billion by 2030. The market is expected to have a Compound Annual Growth Rate of 11.10% within the forecast period 2023-2030.
Dietary fibers are mainly obtained from vegetables, fruits, and legumes. Dietary fibers are useful in many ways. They help in the transportation of body wastes, decrease cholesterol and sugar in the body. They play a very important role in keeping us healthy by reducing the risk of heart diseases and diabetes. Dietary fibers are in high demand as they help in keeping the body weight in control.
The use of dietary fibers in different sectors like pharmaceuticals, animal feed, and food & beverages have contributed to the steady Dietary Fiber Market Growth.
The market of Dietary Fiber got hampered due to the onset of the COVID-19 pandemic. Lack of transport facilities and closure of retail shops and supermarkets affected the market negatively. At the same time, the demand for dietary fiber increased as they help improve muscle mass and boost immunity. Increasing demand for healthy foods and supplements will help this market to grow steadily.
The global Dietary Fiber Market Outlook is segmented based on function, end-user, fiber-component, source, and region.
Based on the source the global market of dietary fiber is divided into whole grain, plant extract, seaweed extract, vegetables, microbial gum, and others. The maximum share of the market is occupied by the whole grain sector.
Based on End-user, the global Dietary Fiber Market is segmented into foods & beverages, pharmaceuticals, animal feed, and others. The Dietary Fiber Market Share is occupied by the food & beverages sector.
Based on the function of dietary fibers, the market is segmented into water holding capacity, viscosity, binding agents, fermentation, and others.
Based on the fiber component, the market of Dietary fiber is divided into cellulose, semi-cellulose, chitin, lignin, pectin, polydextrose, inulin, and others.
The Dietary Fiber Market across the globe is segmented into North America, South America, Asia-Pacific, Europe, and Africa & Middle East. As the demand for dietary fibers in different functional foods and beverages is increasing, the maximum share of the market is occupied by the North American region.
The Asia-Pacific region is growing at a very fast rate and it is expected to occupy the second-largest share of the dietary fiber market. The main reason for this steady growth is the rising population in different countries of this reason. Another important market driver for the growth is the increasing promotional activities by the major companies of the Dietary Fiber Market.
The European region dominates the third-largest share of the Dietary Fiber Market because of the increasing demand for healthy foods.
The major companies are adopting new strategies to maintain their growth in the global Key Dietary Fiber Market Players by going for partnerships, setting up new units, product innovations, acquisitions, new product launches. etc. Many companies are expanding their customer base in untapped regions.
Shandong Minqiang Biotechnology Pvt Ltd., China, is investing a huge amount of money in the research and development of dietary fibers of different types.
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