April 22, 2020
According to the latest research report titled ‘global dietary fibers market Size By Product, By Application Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report LLC, global dietary fibers market is anticipated to observe massive growth during 2020-2026.
Growing concerns of health among the consumers and rising prevalence of chronic disorders are likely to be the key factors proliferating the global fibers market share through 2026. Fiber is highly important since it passes from the digestive tract while absorbing the water on the way, enhancing the bowel movement and lowering the amount of cholesterol in the body. The overall health of the digestive system is also enhanced due to dietary fibers, which is further magnifying their popularity among the customers.
Speaking of the application landscape, personal care and cosmetics segment is set to witness the massive growth in the future owing to increasing consumer preference for organic and natural beauty as well as weight management products.
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Meanwhile, emerging pet-care market and growing number of pet specialty centers to keep the pets healthy and provide better nutrition are major factors proliferating the use of dietary fiber in companion animal nutrition application.
As per the regional front, North America dietary fibers market accounted for over 34% of the total revenue share in 2019. The region is also slated to retain this dominance in the coming years owing to increasing inclination towards consuming high-fiber and vegetarian food. Rising trend of veganism is likely to add up to the overall industry share.
Along with North America, LATAM dietary fibers industry is estimated to foresee a CAGR of 12% over the coming years owing to rapid expansion of the vegetable & fruit processing sector. Furthermore, Middle East and Africa would also complement the overall industry growth owing to increasing demand for dietary supplements and foods from the GCC countries.
Major contenders in global dietary fibers market are GlaxoSmithKline, Procter & Gamble, Royal DSM, Tate & Lyle PLC, Roquette Freres, DuPont, Ingredion Inc., Nexira Inc., Lonza Group, Cargill Inc., and Archer Daniels Midland Co.
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