Driven by customer preferences and the needs of an aging global population, robust growth is predicted for the global dietary fiber market, according to a new study published by Research and Markets. Functional foods, beverages, dairy, and bakery and confectionary are some of the leading food product categories accounting for dietary fiber growth. Pharmaceutical use of fiber is also a major driver of growth.
According to the report, the dietary fiber market volume is estimated to reach 465,128.3 metric tons by 2019, growing at a compound annual growth rate (CAGR) of 10.4% from 2014 to 2019. In terms of value, the report estimates the global dietary fiber market will be worth $4.2 billion dollars by 2019, up from nearly $2.3 billion in 2013.
The report features regional market breakdowns and insights for dietary fiber use, including high growth in Asia-Pacific, emerging markets in Brazil and Argentina, and swiftly rising use in North America and Europe.
One such fiber that has seen considerable growth over the past few years, is Sunfiber,® a true regulating soluble dietary fiber available from Taiyo. Sunfiber is tasteless, odorless and completely dissolvable in water. Sunfiber® offers the health benefits of a soluble fiber, without the typical gas, bloating and cramping that other fibers tend to create. Sunfiber® has been clinically shown to lower glycemic index, improve mineral absorption and maintain digestive health.
The Research and Markets report, “Dietary Fiber Market by Product Type and Application – Global Trends & Forecasts up to 2019,” is available for purchase from Research and Markets.