Dietary Fibers Market - Global Report, 2030

1. Dietary Fibers Market DIETARY FIBERS MARKET OVERVIEW, 2021-2030 GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST 2021–2030

2. DIETARY FIBERS MARKET • The global dietary fibers market size is expected to reach $21,672.9 million by 2030 at a CAGR of 11.1% from 2021 to 2030. • Download Sample Report: • Dietary fibers are the portion of plant food that includes non-starch polysaccharides such as inulin, pectin, beta-glucan, lignin, cellulose, and hemicellulose. It cannot be digested by human digestive system. Cereals, grains, vegetables, fruits, and legumes are rich source of dietary fiber. Dietary fiber helps in smooth bowel movement. There are numerous health benefits associated with consumption of dietary fibers that plays as an important factor in driving the global dietary fibers market growth. Dietary fibers help to prevent certain diseases such as irritable bowel syndrome (IBS), heart disease, type 2 diabetes, bowel cancer, high cholesterol levels, high blood sugar levels, and obesity.

3. COVID-19 STATEMENT The outbreak of the COVID-19 disease in 2020 hampered the dietary fibers market. Governments imposed strict lockdowns and bans on travel rules to curb spread of the virus. Manufacturing facilities were either partially or completely shut down and the industry faced shortage of labor. Moreover, owing to travelling restrictions, supply chains were disrupted. However, following the ease in lockdown restrictions, the dietary fibers market gained some momentum and the demand is expected to grow rapidly in the upcoming years. This is attributed to the fact that fiber-based food can help in fighting the COVID-19 virus as it is highly effective in building and boosting immunity.

4. KEY PLAYERS • The prominent dietary fibers industry players include Cargill, DuPont, Ingredion Inc., Kerry Inc., Tate & Lyle, Farbest Brands, J. RETTENMAIER & SÖHNE GmbH + Co KG, Taiyo International, AGT Food and Ingredients, and Batory Foods. • Key players are investing in the research and development of the dietary fibers and exploring the potential uses and application of the dietary fibers. • The most important growth strategy used by market players is product launch, which is followed by collaboration and agreement, expansion, joint venture, and acquisition. To diversify their product offerings, several businesses have developed innovative products. Product launches are used by a variety of businesses to broaden their market reach and serve international customers.

5. KEY FINDINGS OF THE STUDY • The dietary fibers market was valued at $7,900.0 million in 2020, and is estimated to reach $21,672.9 million by 2030, growing at a CAGR of 11.1% during the forecast period. • By raw material, the legumes segment is estimated to witness the fastest growth, registering a CAGR of 13.0% during the forecast period. • In 2020, depending on product, the soluble dietary fibers segment was valued at $4,515.2 million, accounting for 57.1% of the global dietary fibers market. • In 2020, the U.S. was the most prominent market in North America, and is projected to reach $1,295.3 million by 2030, growing at a CAGR of 10.9% during the forecast period.

6. KEY MARKET SEGMENTS By Raw Material By Product By Application Fruits & Vegetables Soluble dietary fibers Food & Beverage Cereals & Grains Insoluble dietary fibers Pharmaceuticals Animal Feed Legumes Nuts & Seeds Others

7. BY REGION • Asia-Pacific • China • Japan • India • South Korea • Australia • New Zealand • Rest of Asia-Pacific • North America • U.S. • Canada • Mexico • Europe • UK • Finland • Spain • Germany • France • Italy • Rest of Europe • LAMEA • Brazil • South Africa • Saudi Arabia • Rest of LAMEA

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