Detailed Study of Insoluble Dietary Fibre Market by Research Cosmos
Insoluble Dietary Fibre Market Size and Growth Rate:
As per the latest reports published by Research Cosmos, Insoluble Dietary Fibre Market was valued at USD 2.25 billion in 2017 and projected to reach USD 3.96 billion by 2025 growing at a CAGR of 7.5% during the forecast period 2017 to 2025.
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Insoluble Dietary Fibre Market Growth Drivers and Restraints:
The change in lifestyles, western influence, and considerable raise in the disposable income have created a demand for healthy food products in the developing regions. A high demand for fibre supplements is fulfilling nutritional requirements in the western countries and this has acted as a driver for the global insoluble dietary fibres market. Other factors such as growth in demand for functional foods, rising consumer awareness through government health programs, and increase in health-consciousness among consumers are also driving the market.
The major restraining factor for the insoluble dietary fibre is the long time durations and the and investment required for the regulatory approval. The dietary fibre content has to be declared in the nutrition labelling, and health claims on the packaging of these contents are also strictly regulated. Other procedures such as clinical trials are lengthy and require heavy investments, which may limit the number of new entrants in the market thus stunting market growth.
Geographical Analysis of Insoluble Dietary Fibre Market:
Geographically the market has been spread across North America, Europe, Asia Pacific, South America, and Africa. Asia Pacific is expected to be the fastest growing market for insoluble dietary Fibres during the forecast period owing to changing lifestyles and increasing demand for functional foods. Also, the concept of convenience food is common in the region which is driving the market growth. Europe and North America are anticipated to follow Asia Pacific on account of increasing demand for health and dietary supplements. North America holds a share of 38.0% market in the global insoluble dietary fibres market. This can be because of the higher numbers of health-conscious population in this region.
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Key Players of Insoluble Dietary Fibre Market:
Some of the key players in insoluble dietary fibre market are ADM Company, Roquette Frères, Ingredion Incorporated, Cargill Inc., Südzucker Ag, Grain Processing Corporation, DuPont, J. Rettenmaier & Söhne Gmbh & Co. Kg and Company, Vivastar, Sunopta Inc., Tate & Lyle PLC, Vitacel, Litesse and Cenergy.
Insoluble Dietary Fibre Market Segmentation:
By Type:
- Cellulose
- Hemicellulose
- Lignin
- Bran
- Resistant Starch
- Chitin and Chitosan
By Source:
- Fruits
- Vegetables
- Legumes
- Cereals and Grains
By Application:
- Pet Foods
- Functional Foods
- Beverages
- Pharmaceuticals
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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