According to the market research report “Insoluble Dietary Fibers Market: Type (Cellulose, Hemi-Cellulose, Lignin, Others) Source (Vegetables, Whole Grains, Fruits) Function (Anti-Caking & Bulking Agents, Fat Substitute, Others) Industry (Food, Animal Feed, Pharmaceutical)-Forecast (2016 – 2021)”, published by IndustryARC, estimates the market to reach $3,054m by 2021.
Browse 08 Market Tables, 98 Figures spread through 164 Pages and an in-depth TOC on “Global Insoluble Dietary Fibers Market (2016 – 2021)”
Improper diet and eating habits in the present world is making people more prone to diseases and health disorders. It is clinically proven that the consumption of insoluble dietary fibers reduce the impact of these disorders to a great extent. They improve the gastrointestinal health and help in managing high cholesterol problems. These ingredients provide better functional characteristics and nutritional profile for food, feed and pharmaceutical products. The global market for insoluble dietary fibers is segmented based on type, source, function, industry and geography.
The total insoluble dietary fibers market is estimated to be $1,965m in 2015. This market is driven by the growing health and nutrition awareness, health bodies’ recommendation to increase fiber consumption. Food & beverages is the largest end user of these fibers used in several applications including bakery, dairy products, convenience and functional foods. Strengthening research on new sources of fibers and use of insoluble fibers with soluble ones in the form of blend fuels the market growth in the coming years. Pharmaceuticals segment is set to be the significant growth contributor for this market.
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North America held the major share in the market followed by Europe, driven by the penetration of retail food industry and consumers’ inclination towards fortified foods. The APAC region is projected to exhibit the fastest growth during the forecast period with growth frontiers being India and China.
The Key Players in this Market Include:
- Cargill Inc.
- Anchor Daniels Midland Company
- Ingredion Incorporated
- Roquette Freres
Top five companies held around 60% of the total market share in 2015. These companies have substantial presence in the market due to their strong clientele in the food industry and brand image. Acquisitions and product launches are the chief growth strategies of the key players in the industry who are striving to increase their market share.
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