Dietary Fibers Market by Type (Soluble, Insoluble), Application (Functional Food & Beverages, Pharmaceuticals, Animal Feed), Source (Cereals & Grains, Fruits & Vegetables, Legumes), and Region - Global Forecast to 2022
The dietary fibers market is segmented on the basis of type, application, source, and region. The types of dietary fibers include soluble and insoluble dietary fibers. On the basis of application, the market has been segmented into functional food & beverages, pharmaceuticals, animal feed, and others which include personal care products & cosmetics. On the basis of source, the market has also been segmented into cereals & grains, legumes, fruits & vegetables, and nuts & seeds. On the basis of key regions, the dietary fibers market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
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The dietary fibers market is driven by factors such as growth in demand for functional foods and initiatives undertaken by the government and regulatory bodies to increase consumer awareness. The fibrous food ingredients continue to evolve, with more benefits being discovered and additional sources identified. As a result, the fiber-enriched food & beverages market is booming, with sports nutrition and nutraceutical products being identified as preferred carriers of fiber fortification.
Based on source, cereals & grains accounted for the second-largest market share in 2016. Consumption of sufficient whole grains high in dietary fibers has additional health benefits. This can be considered as a driving factor for the market.
On the basis of type, soluble dietary fibers segment is projected to grow at the highest CAGR from 2017 to 2022, due to increase in awareness about the beneficial characteristics of wheat, rice, and corn, which carry the optimum amount of dietary fibers. Due to the growth in technological advancements in extraction processes and the investment of key companies in sourcing soluble dietary fibers from grains, fruits, and vegetables, this segment is growing at a significant rate.
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