(Entertainment-NewsWire.com, September 09, 2020 ) The "Insoluble Dietary Fibers Market by Type (Cellulose, Hemicellulose, Chitin & Chitosan, Lignin, Fiber/Bran, and Resistant Starch), Source (Cereals & Grains, Legumes, and Fruits & Vegetables), Application, and Region - Global Forecast to 2022", The insoluble dietary fibers market is projected to reach a value of USD 2.66 Billion by 2022, at a CAGR of 9.2% from 2017. The market is driven by factors such as increase in demand for functional foods and initiatives undertaken by the government and regulatory bodies to increase consumer awareness related to food & beverages supplements.
North America accounted for the largest market share for insoluble dietary fiber in 2016. The significant increase in a number of health-conscious consumers is driving the production of insoluble dietary fibers in the region. Consumers in North America are gradually becoming aware of the health benefits provided by insoluble dietary fibers their significance in enhancing immunity. Increasing occurrences of obesity and cardiac diseases have led consumers to demand natural and low-calorie food products. Food manufacturers are therefore concentrating on different applications of insoluble dietary fiber and products. Asia Pacific is projected to be the fastest-growing market during the forecast period. Also, key markets in the Asia Pacific region include China, India, Japan, and Australia. These countries have vast areas under agriculture and produce high-fiber grains & cereals such as oats and barley, which are the primary raw materials for dietary fiber ingredients
The major restraining factor for the insoluble dietary fiber is time and investment required for the regulatory approval. The dietary fiber content has to be declared in the nutrition labeling, and health claims on the packaging of these contents are also strictly regulated. The procedures such as clinical trials are lengthy and require heavy investments, which may limit the number of new entrants in the market.
Companies such as E. I. du Pont de Nemours and Company (U.S.), Cargill, Inc. (U.S.), J. RETTENMAIER & SÖHNE GmbH Co (U.S.), Grain Processing Corporation (U.S.), Ingredion Incorporated (U.S.), and Roquette Frčres (France) have acquired leading market position through the provision of a broad portfolio, catering to the varied requirements of the market, along with a focus on the diverse end-user segments. They are also focused on innovation and are geographically diversified.
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