Dietary Fiber Market To Reach $ 21,672.9 Million By 2030 With A CAGR Of 11.1%


Dietary fiber market

Growth in the use of dietary fiber in the manufacture of fiber supplements is expected to positively fuel the growth of the market.

PORTLAND, OR, USA, Oct 1, 2021 /EINPresswire.com/ – According to a new report released by Allied Market Research, titled “Dietary Fiber Market by Raw Material, Product and Application: Global Opportunity Analysis and Forecast ‘industry, 2021-2030’, the global dietary fiber market size is expected to reach $ 21,672.9 million by 2030 at a CAGR of 11.1% from 2021 to 2030.

Dietary fiber is the part of plant foods that includes non-starch polysaccharides such as inulin, pectin, beta-glucan, lignin, cellulose, and hemicellulose. It cannot be digested by the human digestive system. Grains, grains, vegetables, fruits and legumes are a rich source of dietary fiber. Dietary fiber contributes to good intestinal transit. There are numerous health benefits associated with the consumption of dietary fiber which are playing an important role in growing the global dietary fiber market. Dietary fiber helps prevent certain illnesses such as irritable bowel syndrome (IBS), heart disease, type 2 diabetes, bowel cancer, high cholesterol, high blood sugar, and obesity.

The growth in the use of dietary fiber in various industries such as food and beverage, pharmaceutical, animal feed and cosmetics is exponentially propelling the growth of dietary fiber market across the world. The disease prevention properties of dietary fiber pave the way for its increasing use in pharmaceuticals and nutraceuticals. Dietary fiber is also used in animal feed, especially for poultry and pigs, as it is beneficial for the digestive tract of animals. Hence, the potential uses of dietary fiber are expected to boost the use of dietary fiber in different industries, which propels the growth of dietary fiber market across the world.

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The COVID-19 disease outbreak in 2020 has hampered the dietary fiber market. Governments have imposed strict travel rule closures and bans to curb the spread of the virus. Manufacturing facilities were either partially or completely closed and the industry faced a labor shortage. Additionally, due to travel restrictions, supply chains have been disrupted. However, following the easing of foreclosure restrictions, the dietary fiber market has gained some momentum and demand is expected to grow rapidly in the coming years. This is attributed to the fact that fiber foods can help fight the COVID-19 virus as they are very effective in boosting and boosting immunity.

According to the dietary fiber market analysis, the global dietary fiber market is segmented on the basis of raw material, product, application, and region. On the basis of raw materials, the market is segmented into fruits and vegetables, grains and grains, legumes, and nuts and seeds. Based on the product, it is segmented into soluble dietary fiber and insoluble dietary fiber. By application, it is separated into food and beverage, pharmaceutical, animal feed and others. By region, it is analyzed in North America (United States, Canada and Mexico), in Europe (United Kingdom, Finland, Spain, Germany, France, Italy and rest of Europe), in Asia-Pacific (China , Japan, India, South Korea, Australia, New Zealand and rest of Asia-Pacific) and LAMEA (Brazil, South Africa, Saudi Arabia and rest of LAMEA).

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According to the dietary fiber market trends, on the basis of raw materials, cereals and grains are the dominant segment which won 46.5% of the dietary fiber market share in 2020. The legume segment is expected to experience the fastest growing, due to its increased production. and use in the manufacture of dietary fiber.

As for the dietary fiber market opportunities, on the basis of the product, the insoluble dietary fiber segment is expected to experience the fastest growth, owing to the fact that insoluble dietary fiber derived from oats, wheat, corn, potatoes, peas, rice and legumes help prevent constipation, high cholesterol and obesity. Therefore, its demand is increasing across the world.

According to dietary fiber market forecast, on the basis of applications, the food and beverage segment dominated the market and won a market share of 45.6%, due to its increased use in food production functional and increased awareness of dietary fiber consumption among the population.

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Regionally, North America was the largest market, due to increased consumer awareness, high disposable income, increased demand for functional foods and the desire for a healthy and active life among the population.

Major players in the dietary fiber industry include Cargill, DuPont, Ingredion Inc., Kerry Inc., Tate & Lyle, Farbest Brands, J. RETTENMAIER & SÖHNE GmbH + Co KG, Taiyo International, AGT Food and Ingredients and Batory Foods . Key players are investing in dietary fiber research and development and exploring the uses and potential applications of dietary fiber.

Main conclusions of the study

The dietary fiber market was valued at $ 7,900.0 million in 2020 and is expected to reach $ 21,672.9 million by 2030, with a CAGR of 11.1% during the forecast period.
By raw material, the pulse segment is expected to experience the fastest growth, registering a CAGR of 13.0% during the forecast period.
In 2020, according to the product, the soluble dietary fiber segment was valued at $ 4,515.2 million, accounting for 57.1% of the global dietary fiber market.
In 2020, the United States was the largest market in North America and is expected to reach $ 1,295.3 million by 2030, with a CAGR of 10.9% during the forecast period.

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