NEW YORK, Feb. 24, 2022 (GLOBE NEWSWIRE) -- As per a new industry study by Persistence Market Research, the global dietary fibers market is set to experience a value growth of around 7.7% CAGR over the next ten years.
High demand for functional food & beverages are one of the important factors for rising growth of dietary fibers, as functional food products include sports and performance drinks, ready-to-drink beverages, energy drinks, and other enhanced and enriched beverages. Dietary fibers can be used in various functional foods such as bakery, beverages, and meat products as a nutritious ingredient.
Increasing disposable income and rising willingness to pay a high price for healthy food products are major factors for surging demand for dietary fibers. Furthermore, increasing new product development and strong promotional activities by key players are also positively impacting the sales of dietary fibers.
Request for sample PDF of report: https://www.persistencemarketresearch.com/samples/29581
Key Takeaways from Market Study
- The dietary fibers market in countries of East Asia & Latin America is expected to progress faster at CAGRs of 9.1% and 8.6%, respectively, through 2031.
- Soluble dietary fibers hold a prominent market value share at more than 80.4%. Different types of dietary fibers such as Arabinoxylan, B-Glucan, pectin, and inulin products are popular among consumers, and are expected to account for a revenue more than US$ 11 Bn by 2031.
- Key contributing factor for the high production ratio of dietary fibers is the growing importance of beta-Glucan as an immunity booster.
- North America and Europe hold more than half the share of the global market, mainly on back of high consumption of dietary fiber-based products across these regions.
- Demand from dietary supplements as an end-use product is anticipated to progress at a value CAGR of more than 8% in the Middle East and Africa and 9.6% in South Asia.
- The U.S. and China hold significant shares for dietary fibers in North America and East Asia, respectively.
- COVID-19 has had a moderate impact on the progress of the dietary fibers market. However, increasing demand for healthy and nutritious food products is expected to be recovered in the near term.
Know the methodology of report by asking an expert: https://www.persistencemarketresearch.com/ask-an-expert/29581
“Approved health claims of reduction of diabetes, obesity, and cholesterol through the consumption of dietary fibers has increased its demand for nutraceuticals products,” says a Persistence Market Research analyst.
Competitive Landscape
Dietary fiber manufacturers are focusing on increasing its application by investing in research & development to come up with new products. Manufacturers are expected to continue coming up with numerous innovations to expand their product ranges. They are constantly making efforts in increasing sales across various application industries.
- In 2021, Ingredion Incorporated entered into an R&D collaboration with Amyris to create advanced development of sustainably sourced, zero-calorie, nature-based sweeteners, and potentially other types of fermentation-based food ingredients.
- In 2016, Kerry Group expanded its distribution partnership with various foreign regional companies to increase its product portfolio and contracts with top distributors in Bangladesh, China, India, Japan, Korea, Malaysia, Singapore, Taiwan, Thailand, the Philippines, and Vietnam.
Get full access of report: https://www.persistencemarketresearch.com/checkout/29581
Explore More Valuable Insights
Persistence Market Research, in its new report, offers an impartial analysis of the global dietary fibers market, presenting historical data (2016-2020) and estimation statistics for the forecast period of 2021-2031. The study offers compelling insights on the basis of type (soluble and insoluble fibers), source (fruits & vegetables, legumes, cereals, and grains), and application (food & beverages, dietary supplements, pharmaceuticals, and animal feed), across seven major regions of the world.
Related Reports:
Access MarketNgage: The On Demand, Subscription based platform from Persistence Market Research
Now avail flexible Market Research Subscription through MarketNgage, the Market Research Subscription Platform from Persistence Market Research and other iconic market research powerhouses. Go beyond just reports and access research multi-format through downloadable executive summaries, chapters, databooks, infographics, charts, interactive playbook for data visualization and full reports across all major industries, 200+ sub sectors and 1200+ niche markets, through MarketNgage.
Sign Up for a 7 day free trial!
About Persistence Market Research:
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Overview:
Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.
Contact
Rajendra Singh
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Visit Our Website: https://www.persistencemarketresearch.com
