Dietary Fibres Market: Pet Food Application Segment Anticipated to Exhibit Relatively Low Market Attractiveness Index by 2026 End: Global Industry Analysis and Opportunity Assessment 2016-2026
- REP-GB-3376
- 2017-04-04
- 270 Pages
- Format:
- Category: Food and Beverages
The Functional Food and Beverages segment is likely to grow at a high CAGR over the forecast period
In 2017, the functional food and beverage segment by application is expected to be valued at more than US$ 1 Bn and is expected to expand at a CAGR of 16.7% in the global dietary fibres market over the forecast period to reach close to US$ 6 Bn by the end of 2026. This segment is estimated to record incremental opportunity of close to US$ 5 Bn between 2016 and 2026. The functional food and beverages segment is expected to remain dominant in the global dietary fibre market throughout the forecast period with a revenue share of close to 50% by 2026 end.
Rising awareness of healthy and nutritional food products anticipated to boost the growth of the functional food and beverages segment
Growing consumer concerns about healthy and nutritional food products are increasing and as a result of this, consumers are shifting preference towards healthy as well as nutritional products, which is driving the revenue growth of the functional food and beverages segment. Rising demand for fibre supplements in order to fulfil nutritional requirements is creating a positive impact on the functional food and beverages segment. Factors such as increasing ageing population, growing prevalence of lifestyle diseases and increasing healthcare costs are other major factors boosting the demand for functional food and beverages globally. These factors are resulting in rapid consumer shift towards dietary supplements to stay healthy and fulfil their nutritional requirements. The above factors are also resulting in customers opting for dietary fibre supplements that are rich in vitamins, minerals and other essential ingredients. Increasing preference towards consumption of dietary fibre rich products among consumers owing to rising awareness regarding the various health benefits of dietary fibres including normalised bowel movement, reduced cholesterol levels, controlled blood sugar levels and also as a means to maintain healthy body weight is a major factor driving revenue growth of the functional food and beverages segment, and this trend is expected to continue in future as well.
The functional food and beverages segment is projected to be the fastest growing segment by application in the North America dietary fibres market
In 2017, the functional food and beverages segment is estimated to be valued at US$ 0.40 Bn and is expected to expand at a CAGR of 16.3% over the forecast period to reach close to US$ 2 Bn by the end of 2026. This segment is estimated to create incremental opportunity of more than US$ 1,000 Mn between 2016 and 2026. In Latin America, the functional food and beverages application segment is estimated to create incremental opportunity of more than US$ 400 Mn between 2016 and 2026. The functional food and beverages segment is expected to expand at a CAGR of 17.8% over the forecast period in Western Europe. In 2017, the functional food and beverages segment is expected to be valued at a little more than US$ 200 Mn in the APEJ region, while in the MEA dietary fibres market, the functional food and beverages segment is anticipated to expand at a CAGR of 17.8% over the forecast period to be valued in excess of US$ 700 Mn by the end of 2026.
Manufacturers of dietary fibres are focussed on acquisitions and partnerships with smaller companies having their own manufacturing units in order to increase their global market presence. Also, increasing demand for value-added products in various countries is anticipated to prompt manufacturers to shift focus from high volume production to production of high-quality dietary fibre with various health benefits. Key players in the global dietary fibres market are also focussing on product innovation and maintaining a proper value chain to enable reaching the right target audience in order to reduce the cost of the final product. These are the key findings of a new Future Market Insights report titled “Dietary Fibres Market: Global Industry Analysis and Opportunity Assessment 2016-2026.” The expert team of analysts at Future Market Insights have observed that North America accounts for the highest revenue share in the global dietary fibres market and is projected to witness the highest growth in terms of value over the assessed period. Furthermore, it has been observed that Asia Pacific is estimated to witness favourable growth over the period of assessment – rising presence of key manufacturers and suppliers in Asia Pacific is an important factor expected to support market growth in the region.
We have taken a 3600 view of the global dietary fibres market and have found that there is increasing emphasis on strengthening partnerships in high growth regions such as Saudi Arabia. Besides, our analysts have also observed that importance has been given to expand manufacturing facilities across the globe. In order to boost their market positioning, companies operating in the global dietary fibres market are strengthening their R&D capabilities to cater to existing customer preferences in terms of application and consumption.
Yearly change in inflation rate has not been considered while forecasting market numbers
A top-down approach has been used to assess market numbers for each segment, while bottom-up approach has been used to counter-validate the reached market numbers. Macroeconomic indicators such as dietary fibres industry outlook, spending and others have been considered to arrive at the indicated market numbers. All the values of import and export data have been mentioned in US$ Million. All indicated denominations are in US$ (US Dollar) thousand. This report commences with the executive summary and a market introduction comprising market taxonomy and market dynamics. The microeconomic factors, supply side and demand side drivers, restraints and opportunities have been included in this report on the global dietary fibres market.
We have devoted the last section of the report to study the market performance of some of the top companies operating in the global dietary fibres market. We have profiled a few of the leading market players and presented a detailed analysis of their overall business performance and a comprehensive evaluation of their short-term and long-term business and go-to-market strategies. This section is intended to provide report audiences with a dashboard view of the competitive landscape of the global dietary fibres market.
Global Dietary Fibres Market Segmentation
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By Source |
By Type |
By Application |
By Region |
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Our research methodology
Market volume is inferred through in-depth secondary research and validated from industry experts through primary interviews. Each interview is thoroughly analysed and average market volume is deduced and reconfirmed prior to incorporating in the report. The market value of the global dietary fibres market is thus calculated from the data derived from the average selling price and market volume. For the 10-year forecast of the global dietary fibres market, various macroeconomic factors and changing trends have been observed, giving an idea about the future of the market. Other important factors considered to arrive at market forecast are the size of the current market, inputs from the demand side and the supply side and other dynamics shaping the scenario of the global dietary fibres market. In the compilation of the report, the forecast is conducted in terms of CAGR, while other important criteria such as year-on-year growth and absolute dollar opportunity have also been incorporated presenting the client with useful insights on future opportunities likely to emerge in the global dietary fibres market.