Dietary Fibres Market is expected to reach a CAGR of 14.6% during 2016 – 2026
Future Market Insights’ recently published report on the global market for dietary fibres, findings from which project that the market will witness an impressive growth during the forecast period, 2016-2026. Towards the end of this period, the global demand for dietary fibres will surge and bring in over US$ 12 Bn in revenues. Rising awareness regarding benefits of dietary fibres is cited to be a crucial driver for growth of global dietary fibres market. Moreover, rising preference to consumable and edible products rich in dietary fibre content is also expected to stimulate the global production of dietary fibres.
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In 2016, around 347 KT of dietary fibres were consumed across the globe. The report, titled “Dietary Fibres Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,”estimates that by the end of 2026, this number will reach 1,164.3 KT, registering growth at 12.9% CAGR. The global dietary fibres market, which is presently valued at US$ 3.1 Bn will also witness an impressive growth in terms of revenues, exhibiting a value CAGR of 14.6%. The report further reveals that in 2016, over 40% of dietary fibres produced in the world was used for production of functional foods & beverages. By 2026-end, functional foods and beverages will become the largest application of dietary fibres, followed by pharmaceuticals.
Key Highlights of the Report include:
- Through 2026, over 55% of world’s dietary fibres will be sourced from cereals & grains
- Likewise, over two-third of the market’s revenues will be accounted by global sales of insoluble dietary fibres during the forecast period
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Consumers are continuously on the lookout for healthy & nutritional food products that are attuned with beneficial ingredients such as dietary fibres. The report considers this as another key driver for the market’s growth. In addition to this, growing demand for pharmaceuticals and fitness supplements enriched with dietary fibres is also expected to boost the global sales of dietary fibres. The report also reveals that throughout the forecast period, more than 25% of global dietary fibre sales will remain concentrated across the US and Canada. Companies such as Cargill Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, E.I. du Pont de Nemours and Company (Wilmington), Grain Processing Corporation, International Fiber Corporation, and J. Rettenmaier & Söhne GmbH & Co. KG (Minneapolis) are some of the key players of global dietary fibres market, based in North America. Following North America, Europe will also remain at the forefront of global expansion of dietary fibres market. The global dietary fibres market is also experiencing active participation from companies such as Tate & Lyle PLC., Suedzucker AG Company, and Roquette Freres SA.
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