Insoluble Dietary Fiber Market
Insoluble Dietary Fiber Market By Type (Cellulose, Hemicellulose, Chitin and Chitosan, Lignin, Fiber/Bran, Resistant Starch Others), By Source (Fruits, Exotic Fruits, Citrus Fruits, Vegetables, Cereals & grains), By Application, By Region- Global Market Insights 2019 to 2027
Insoluble Dietary Fibers Market Gaining Momentum on the back of Functional Foods and Higher Profit Margins
Growth of the functional food industry is a key driving factor fuelling sales of insoluble dietary fiber. This is projected to create an absolute opportunity of US$ 1,008 Mn during forecast period 2019 – 2027. Consumer preference for insoluble dietary fiber is expected to witness a significant increase over the next couple of years. Manufacturers and suppliers of food & beverage products are optimizing product offerings according to consumer demand.
Various manufacturers are increasingly entering the Insoluble dietary fiber market owing to high profit margins. Entry of new players is expected to drive growth of the global Insoluble dietary fiber market to a significant extent over the forecast period.
Lignin to be Preferred Insoluble Dietary Fiber Variant over Cellulose
Lignin is the second most abundant natural polymer in the world, surpassed only by cellulose. Lignin as an insoluble dietary fiber is trending among the food processors due to its high rate of metabolism and easy incorporation in processed foods. Lignin is also being used as insoluble dietary fiber to reduce oxidation in food products such as bakery products like muffins.
In addition to giving muffins a fluffier texture, lignin has proved to be a surprisingly efficient substitute for whole eggs and egg yolks. Lignin also functions as an emulsifier in mayonnaise and promotes juiciness in meat products.
Shift in Trend towards Functional Food to Bolster Demand for Insoluble Dietary Fiber
Functional food products are witnessing increased adoption among consumers of all age groups across the globe. Factors such as hectic lifestyles and high net worth incomes, is driving the demand for functional food products across the globe. Since insoluble dietary fibers provide manifold health benefits such as regulation of weight, lowering of cholesterol and improving blood glucose (sugar) levels, companies are investing heavily in the products containing insoluble dietary fibers.
This is resulting in the production of authentic and novel products, which comprise a natural taste and are rich in vitamins and phytochemicals. Increasing demand for functional beverages in the North America and Europe is expected to create remunerative opportunities for players in the global Insoluble dietary fiber market.
The escalating demand for nutraceuticals with natural ingredients is expected to give an uptick to sales of insoluble dietary fiber for these products. Players operating in insoluble dietary fiber market are expected to leverage this opportunity during the forecast period.
Emerging Countries to Hold Notable Share in Insoluble Dietary Fiber Market by the End of 2027
There is consistent demand of insoluble dietary fiber in developed countries. However emerging economies’ consumption of insoluble dietary fiber has increased due to the increased spending on nutritional supplements.
The proliferating consumption of insoluble dietary fiber along with other dietary fibers has increased in consumer driven markets such as China, India, Mexico and Brazil etc. Asia Pacific excluding Japan and Latin America are projected to hold around one fourth of the market share by end of 2027. These two regions are projected to grow at a higher CAGR than that of global insoluble dietary fiber market.
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Tier 1 Companies Account for One third of Market Share of Global Insoluble Dietary Fiber Market
The major companies in the insoluble dietary fiber market such as Ingredion Inc., CP Kelco, Cargill Inc. are tier 1 players and front runners in the insoluble dietary fiber market.
These players are aiming at significant growth in emerging markets by escalation of their production capacities in order to cater to the increasing demand for insoluble dietary fiber. The market leaders are maintaining their hegemony owing to strong acquisitions and setting up of subsidiaries across the globe to cater to the increasing demand of insoluble dietary fiber.
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Insoluble Dietary Fiber Market: Segmentation
FactMR’s study has done the segmentation of Insoluble dietary fiber market on the basis of type, source, application and region.
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