Market Study Report recently introduced new title on “2018-2024 Insoluble Dietary Fibers Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.
Global insoluble dietary fibers Market is highly fragmented with the presence of regional and international manufacturers. Roquette, Dupont Danisco, Sunopta, Cargill, J. Rettenmaier & S?hne, and Ingredion Incorporated are among the major market players. Other prominent industry players include Ceamsa, Grain Processing Corporation, Tate and Lyle, and Solvaira Specialties.
Rising disposable incomes and growing consumer awareness owing to the numerous government educational campaigns in the developing economies such as China, Argentina, and South Africa will enhance the market size. Increasing prevalence of health disorders including cholesterol, gastrointestinal ailments, and cardiovascular diseases will fuel dietary supplements consumption. Key advantages including reduced risks of constipation, healthy digestive system, and weight management propel product demand in dietary supplements.
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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, India?s import of cosmetics and personal care products and intermediate raw materials such as essential oils were USD 778 million in 2015.
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.
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 Cargill?s 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.
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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 consumer?s 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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