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Dietary Fibers Market Size
- Report ID: GMI2331
- Published Date: Nov 2023
- Report Format: PDF
Dietary Fibers Market Size
Dietary Fibers Market size is estimated to record over 12.6% CAGR from 2023 to 2032. The increasing awareness and emphasis on health and wellness among consumers have propelled the demand for fiber-rich diets. According to a report by McKinsey in 2022, health-conscious consumers prioritize fresh produce (40%) and artificial ingredient-free foods (33%). Embracing home cooking (40%) allows them greater control over their meals, reflecting a shift towards mindful and nutritious eating habits.
As individuals seek to address concerns related to weight management, digestive health, and overall well-being, the incorporation of dietary fiber becomes a preferred choice. Additionally, the rising prevalence of lifestyle-related diseases, including cardiovascular issues and diabetes, has led to a growing understanding of the role dietary fiber plays in managing these conditions, further boosting market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 12.6% |
| Historical Data for: | 2018-2022 |
| No. of Pages: | 410 |
| Tables, Charts & Figures: | 550 |
| Segments covered: | Product, Source, Application, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The expanding food & beverage industry, coupled with the incorporation of functional ingredients in various products, has significantly contributed to the dietary fibers market expansion. According to a report by Food Manufacturer in 2022, a confident 90% of food and beverage manufacturers anticipate an increase in their revenue. With the rising material prices, implementation of technology to integrate dietary fibers & develop new products will augment the industry outlook.
The taste preferences and the perceived texture of fiber-enriched products pose challenges, as some consumers find them less palatable. Also, the cost associated with incorporating dietary fibers into food formulations can impact overall product affordability, potentially limiting widespread adoption. Lastly, regulatory standards and labeling requirements add complexities, influencing manufacturers to navigate stringent compliance measures. These challenges necessitate ongoing innovation and consumer education efforts to overcome barriers and unlock the full potential of the dietary fiber market.
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Dietary Fibers Market Scope
