Dietary Fibers Market: Driven by Technological Advancements
by Mit K. SEOAccording to MarketsandMarkets,
the dietary fibers market is estimated to be valued at USD 5.3billion in 2020
and is projected to reach USD 9.6billion by 2025, recording a CAGR of 12.5% in
terms of value. Due to thegrowth in the vegan population and alignment of
consumers toward healthy lifestyles is going to drive the market.
There are various sources of
dietary fibers such as fruits & vegetables, cereals & grains, legumes,
and nuts and seeds. The extraction process is different for different sources.
Fruit, vegetables, dried beans, and peas are known to have soluble dietary
fibers, whereas the majority of whole grains are known to have insoluble fibers.
Dietary fiber is the part of the plant that is indigestible by gastrointestinal
enzymes. It is beneficial for digestive health. The regular use of dietary
fibers either in raw form through fruits, vegetables, and grains or through
supplements seems to reduce and prevent health problems such as constipation,
high cholesterol level and blood sugar, and various other cardiovascular
diseases.
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Asia Pacific is projected to witness the fastest growth in the
dietary fibers market during the forecast period due to the globalization of
business and technological innovations. The Rest of the World (RoW)dietary
fibers market has been growing due to advancements in various industrial
applications and a rise in demand in developed countries. Many players such as
Lonza (Switzerland), Cargill (US), and Nexira (France) are looking toward the
Asia Pacific market to capture the untapped potential and to expand their
market share. One of the primary factors contributing to the growth of the
dietary fibers market in the Asia Pacific and Rest of the World (RoW)regions is
the increase in population in this region, which is driving the growth of the
food & beverages, feed, textiles & leather, and pulp &
paperindustries.These are the main factors driving the market growth for
dietary fibers in Asia Pacific.
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Created on May 5th 2020 07:49. Viewed 311 times.