Market Size of Insoluble Dietary Fibers Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Insoluble Dietary Fibers Market Analysis
The global insoluble dietary fibers market is growing at a CAGR of 7.8% during the forecast period (2020 -2025).
- The market is driven by the rising demand for functional foods due to health-consciousness. Also, stimulating government health programs and prolonged researches to spread consumer awareness regarding the benefits of functional food and its potential to reduce the risk of major disorders such as cardiovascular disease (CVC), cancer and osteoporosis have further boosted the market growth.
- Also, new launches with formulations and the enhanced product have fueled the market growth. For instance, Ingredion Incorporated, in 2017 launched a new range of insoluble dietary fiber 'Novelose' for fiber fortification & calorie reduction in pastas, baked goods, noodles, and extruded products with lower impact on product texture, color and flavor and in 2018 launched 'Potex and Potex Crown' insoluble dietary fibers which find application in bakery, meat, and savory products, and can absorb water up to 12 times their own weight which helps it to increase juiciness of meats or add moisture to baked goods.
- Geographically, United States in North American region accounts for the largest share in the market, followed by Canada, owing to the increasing demand and health awareness of insoluble fiber supplements. In Europe, Germany and France collectively accounts for a considerable share in the market, which is followed by the Asia Pacific region where China and Japan are leading the market.
