Insoluble Dietary Fibers Market size to exceed $5bn by 2026
Published Date: May 26, 2020 Authors: Kunal Ahuja, Amit Rawat
Insoluble Dietary Fibers Market size is set to surpass USD 5 Billion by 2026, according to a new research report by Global Market Insights, Inc.
Growing awareness regarding the importance of fiber in everyday meals will drive the insoluble dietary fibers industry growth. Consumers have also started keeping a tab on dietary recommendations as there is a shift toward preventative healthcare and lifestyle. Introduction of functional food in dietary habits due to the lack of quality fruits and vegetables will foster the demand for insoluble dietary fibers. Increasing number of R&D activities to provide efficient nutritional solutions will further escalate industry growth.
Consumer focus to maintain fitness and regulate body weight has enhanced product penetration in the dietary supplement industry. Rising popularity of insoluble dietary fiber supplements among the young populace owing to health consciousness will bolster product demand. Stimulating government health programs and prolonged researches for reducing the risk of major disorders such as osteoporosis, cardiovascular disease (CVC), and cancer will augment insoluble dietary fibers market demand.
Growing demand for chitin & chitosan in cosmetics, healthcare and water treatment industries will foster product demand
Chitin & chitosan plays a vital role in the personal care & cosmetics sector, as they possess excellent hydrating agents that moisturize and protect the skin from drying. Both chitin and chitosan have film-forming ability, making them a good carrier in cosmetics and fixes ingredients on the skin for long-lasting effects. It is extensively used in healthcare treatment for healing wounds, treating tuberculosis, and tissue engineering. Growing demand for scar-reducing cosmetic preparations and pharmaceutical medicines will foster the utilization of chitin & chitosan ingredients.
As per industry trends, rise in wastewater treatment activities across the globe will surge their utilization rates in form of chelating and coagulating agents. The biosorbent ability of these products also helps in retention of many different pollutants from wastewaters. Thus, they are widely used for wastewater treatment for removal of dissolved pollutants and dispersed particulates. Also, key properties such as biocompatibility, renewable origin, non-toxicity, biodegradability, and non-allergenicity will fortify insoluble dietary fibers demand.
“Chitin & chitosan segment of the market is forecast to witness a substantial growth of 7.5% through 2026 owing to robust utilization in cosmetics and wastewater treatment industries”
Browse key industry insights spread across 300 pages with 242 market data tables and 16 figures & charts from the report, “Global Insoluble Dietary Fibers Market Statistics By Product (Cellulose, Hemicellulose, Chitin & Chitosan, Lignin, Fiber/Bran, Resistant Starch), By Source (Cereals & Grains, Fruits & Vegetables), By Application (Food [Bakery, Breakfast Cereals & Snacks, Confectionery, Dairy, Meat Products, Infant Food], Beverages, Pharmaceutical, Companion Animal Nutrition), Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2015 – 2026” in detail along with the table of contents:
Increasing product utilization for companion animal nutrition to fuel insoluble dietary fibers market trends
Insoluble dietary fibers promote growth performance, and nutrient digestibility in pets, ruminants, and other farm animals. It helps to improve the intestinal health by promoting bacterial community, thus allowing proper gut microbiota and intestinal barrier functions in animals. Global companion animal health market is anticipated to witness significant gains over 6% up to 2026. These factors will have a positive impact on the insoluble dietary fibers market outlook.
Increasing consumption of bakery, meat, and dairy products with low-calorie content in Europe will foster product demand
As per regional market analysis, countries including Germany, France, UK, Italy, and Spain are among the key food & drink manufacturers in Europe. The region is characterized by strong potential market for bakery, ready meals, instant foods & processed food products. Shifting consumer preference towards highly nutritious food along with favorable guidelines provided by the government agencies for dietary fiber products have instilled trust amongst consumers of these products.
Key industry participants in insoluble dietary fibers market are SunOpta, Cargill, Ingredion Incorporated, DuPont Danisco, Roquette Freres, CEAMSA, J. Rettenmaier & Sohne Gmbh & Co and Tate & Lyle. Several market players are also involved in various strategies and initiatives including technological advancements, product launches, and mergers & acquisition in order to gain substantial market share.