Insoluble Dietary Fibers Market to Grow at a CAGR of 9.5% to 2024
Market Study Report adds 2018-2024 Global Insoluble Dietary Fibers market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.
Selbyville, Delaware – January 9, 2019 /MarketersMedia/ —
North America insoluble dietary fibers market accounted the revenue share of over 35% in 2017. Shifting consumer preferences towards healthy diet along with the changing trends among the young population are among the major factors fueling regional demand. Inclination of the consumers towards fitness regimes and schedules owing to an upsurge in the prevalence of diabetes and obesity cases will proliferate the overall business growth in the region.
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Global insoluble dietary fibers industry is highly fragmented with the presence of regional and international manufacturers. Roquette Frres, Dupont Danisco, Sunopta, Cargill, J. Rettenmaier & Shne, and Ingredion Incorporated are among the major market players. Other prominent industry players include Ceamsa, Grain Processing Corporation, Tate and Lyle, and Solvaira Specialties.
Fruits and vegetables applications will witness gains at CAGR over 8.5% by 2024. Significant changes in the manufacturer preferences inclining for fruits and vegetable sources owing to the convenient production & procurement has driven the product portfolio. Substantial dietary fiber amount in fruit skins will promote a positive growth trend of the product in the market. In addition, key benefits including reduced risks of diverticulitis, cancer, and hemorrhoids will further promulgate the overall insoluble dietary fibers industry growth.
Increasing natural beauty enhancement products in the cosmetics industry owing to the harmful effects of the synthetic & chemical based products will provide strong business outlook for the manufacturers. As per the International Trade Administration report of 2016, Indias import of cosmetics and personal care products and intermediate raw materials such as essential oils were USD 778 million in 2015.
Positive application outlook in bakery products fortification owing to the rising global demand for functional foods will propel insoluble dietary fibers market. Increasing bakery, breakfast cereals & dairy products demand due to the substantial changes in the consumers preferences for healthy diet regime will drive the product penetration rate. Moreover, key properties such as thickening, water binding, fat replacing, and gelling will further support the product application scope.
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Bakery applications of insoluble dietary fibers market will witness a CAGR by revenue share over 10% in the forecast period 2018 to 2024. Rising demand for healthy and natural bakery items including bread & biscuits enriched with nutritional content will propel the industry landscape. Surging product adoption rate in bakery segment owing to the high holding capacity of water resulting in dryness prevention will augment the overall growth for insoluble dietary fibers market.
Mergers and acquisitions along with joint ventures & strategic alliances, technological advancements, and heavy R&D investments are among the key strategies adopted by the global players. For instance, on September 17, 2018, Cargill acquired Konspol, a Polish food company, providing product portfolio including frozen and cold cut categories. The acquisition will provide the Cargills production capacity and vicinity to existing customers to offer diversified poultry and value-added products. Companies are focused on new product developments & launches coupled with geographical expansions to get a seize substantial share in the insoluble dietary fibers market.
Table of Contents:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Insoluble Dietary Fibers Industry Insights
Chapter 4. Insoluble Dietary Fibers Market, By Source
Chapter 5. Insoluble Dietary Fibers Market, By Product
Chapter 6. Insoluble Dietary Fibers Market, By Application
Chapter 7. Insoluble Dietary Fibers Market, By Region
Chapter 8. Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/insoluble-dietary-fibers-market
Outer Scope of this Report: One of the prominent factors to have contributed toward rapid expansion of insoluble dietary fibers industry is the number of acquisitions that are being undertaken by major ingredient solutions providers across the globe. Remarkably, these companies have been purchasing small-scale and upcoming firms to enhance their food fortification and manufacturing techniques that would enable them to gain competitive advantage in terms of launching new products and expand operations in various geographies. In this regard, it would be prudent to take note of Ingredion Inc. which has recently acquired the rice flour and rice starch business of Thailand-based Sun Flour Industry Company Limited.
Elaborating further, the takeover strengthens Ingredion’s capability to manufacture clean label starches which is considered as one of the fastest growing segment in the overall insoluble dietary fibers market. Additionally, the buyout further supports the global strategy of Ingredion that intends to drastically enhance its high-value specialty ingredients portfolio in the years ahead.
Related Report:
United States Insoluble Dietary Fibers Market Report 2018
In this report, the United States Insoluble Dietary Fibers market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
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