Dietary Fibres Market to register a CAGR of ~10% by 2029 with Healthy Growth; FMI Report

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Dietary Fibres Market 2029, Global Industry Size,
Share, Report, CAGR10, Covid-19 Impact Analysis
by FMI

• July 2020

Report Id REP-GB-3376 Published On  Jul
24,2019 Category Food and Beverages
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Future Rich Vegan Flavors Market Analysis
In a recent study, Future Market Insights (FMI)
offers a perspective on the growth trajectory
of dietary fibres market for the period between
2019 and 2029. As per the report, global
consumption volume of dietary fibres reached 1.8
metric tons in 2018, equaling revenues worth US
7 Bn. Gains will remain driven by increasing
consumer awareness regarding the benefits of
dietary fibres along with food manufacturers
engaging in fibrous NPDs (new product
developments).
As healthcare professionals continue to encourage
fibre intake as a key to improving long-term
health, market players are significantly paying
attention to value-added offerings. Big brand
companies as well as small high-tech startups are
rigorously exploring the potential of dietary
fibres in their products, which is likely to
promise new beginnings for the market
stakeholders. Consumers, leading fast-paced
lives, have started to keep an eye on dietary
recommendations, resulting in a move towards
proactive healthcare and lifestyles. As consumers
are becoming food explorers and newer trends are
emerging at rapid pace, FMI's analysis infers
that the dietary fibres market players are
placing betting on RD investments and new
product launches.
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Future Rich Vegan Flavors Market Analysis
Fibre intake has been alarmingly low in various
regions, resulting into population-wide
deficiency known as 'fibre gap'. As science
behind dietary fibres expands, this ingredient
has been witnessing renewed interest from young
consumers for weight management benefits, while
aging consumers tend to seek digestive health
benefits. Stakeholders Leverage White Spaces to
Drive Sales Opportunities According to the FMI
study, the dietary fibres market is likely to
grow at CAGR of 10 during the predefined
timeframe. Obesity, diabetes, and other lifestyle
diseases are on the rise, especially in developed
regions, and as a result consumers are
increasingly becoming health conscious and
spending on high nutritional products. The study
opines that a rise in consumer preference for
maintaining a healthy diet and regulating body
weight will provide a strong business outlook for
the market players. Use of soluble dietary
fibres has been confined in functional FB
industry as a highly nutritive ingredient, while
stakeholders are focused on identifying and
leveraging the white spaces in their application,
which range from pet food to cosmetics.
Capabilities of corn fibre as an effective fibre
source for pets, lignin as an emulsifier and
efficient substitute for whole eggs in bakery
products, pectin in food processing, and
beta-glucan in cosmetic production are
increasingly being explored. As the market
continues to benefit from consumer shift towards
plant-based ingredients and sugar substitutes,
stakeholders are further exploring new sources of
dietary fibres, apart from cereals grains and
fruits vegetables.
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Future Rich Vegan Flavors Market Analysis
As per the study, dietary fibres market players
continue to witness growth opportunities in
developed markets  Europe and North America,
which collectively account for 60 revenue
share. In addition to increasing consumer
spending on products with high nutritional value,
government agencies in the regions are
undertaking awareness campaigns to bring due
attention towards the need for maintaining a
balanced diet, thereby creating a high demand for
dietary fibres. Market stakeholders are further
eyeing on newer opportunities in Asia Pacific,
particularly in countries such as China, Japan and
 South Korea, on the back of a notable trend for
healthier eating. FMI's study identifies
restraints that could possibly represent a threat
to the lucrative stride of dietary fibres market.
Research studies have found that excessive
consumption of dietary fibres and their addition
in processed foods can have adverse effects on
human health, which may add to reluctance of
consumers to adopt such ingredients.
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Future Rich Vegan Flavors Market Analysis

• The study opines that dietary fibres market is on
  an upward swing with increasing number of small
  players entering into the space with new product
  offerings that align with consumers' trends.
  Leading players continue to put emphasis on
  filling the fibre gap through RD activities and
  product innovations.
• Press Release Source https//www.prnewswire.com/n
  ews-releases/dietary-fibres-market-is-expected-to-
  grow-at-a-cagr-of-10-during-the-forecast-period-20
  19-to-2029--future-market-insights-300896937.html
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