(PharmaNewsWire.Com, October 12, 2021 ) The dietary fibers market is estimated to be valued at USD 5.3 billion in 2020 and is projected to reach USD 9.6 billion by 2025, recording a CAGR of 12.5% in terms of value. The growing health concerns and advancements in R&D activities led to the growth of the dietary fiber market. Factors such as the multifunctional benefits of dietary fiber across various applications and the technological innovations to use it as an alternative of sugar are contributing to the growth of the market.
By type, the soluble dietary fiber segment is projected to account for the larger share in the market during the forecast period
The soluble dietary fiber segment is projected to dominate the market during the forecast period. They are classified into inulin, pectin, polydextrose, beta-glucan, fructooligosaccharides, galactooligosaccharides, and corn fiber. They are used in food & beverage and pharmaceutical applications, such as flours, bread, cookies, smoothies, and supplements. Soluble dietary fibers have added advantages to various industrial applications due to their water retention and the least reactivity to gastrointestinal enzymes.
By application, the functional food & beverages segment accounted for the largest size in the dietary fibers market during the forecast period
Functional food & beverages form the dominating segment of application in the dietary fiber market. The functional food includes 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. The regular use of dietary fibers seems to decrease the use of various diseases.
The dietary fibers are known to be the component of many bakery products such as cookies and bread and cereals, mostly. They are also consumed through dairy and meat-derived products as well.
North America is projected to account for the largest market share during the forecast period
In 2019, North America accounted for the largest market share in the dietary fiber market. Technological advancements in this region have made dietary fibers available for a wide range of applications, and this segment is estimated to drive the growth of the market in the region. This region is projected to be the largest market due to the development of novel and superior performing products and global industrialization.
The US is a dominant country, and the market in this region has reached its maturity. These factors are projected to contribute to the growth of the North American dietary fiber market.
Key players in the dietary fiber market include Beneo (Germany), DuPont (US), Kerry Group (Ireland), Nexira (France), Lonza (Switzerland), ADM (US), and Tate & Lyle (UK).
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