Emerging economies in Asia Pacific Excluding Japan (APEJ) region to largely contribute to the growth of the insoluble dietary fibre market in this region
According to the research report on global insoluble dietary fibre market, it is anticipated to show significant market share with a robust growth rate during the period of forecast, 2017-2027. Since 2012, the global insoluble dietary fibre market reflected consistent growth in value. The global market for insoluble dietary fibres is projected to grow at a high CAGR of 6.0% throughout the period of assessment. In 2017, the global market was valued at around US$ 1.6 Bn and is estimated to reach a value of about US$ 2.9 Bn by the end of the assessment year.
This growth can be attributed to the rising awareness regarding health benefits of dietary fibres, increasing demand from diabetic patients, increasing utilization of insoluble dietary fibres in food fortification and rising use of insoluble dietary fibres in animal feed.
Cereals and Grains to be highly consumed, being a rich source of insoluble dietary fibres
Cereals and grains segment in the source category is expected to show high market value by the end of the forecast period owing to high consumption of cereals and grains in the coming years. This segment dominated the market in 2017 in terms of high market value and is likely to lead the global market by source in the years to follow.
The cereals and grains segment is valued at more than US$ 600 Mn in 2017 and is estimated to reach a value a bit over US$ 1 Bn by the end of 2027, thus cementing its dominance during the assessment period. This segment possess high potential as it is the second fastest growing segment and is poised to register a value CAGR of 6.2% throughout the period of forecast, 2017-2027.
Fruits segment in the source category is anticipated to be the fastest growing in the coming years. It is projected to expand at a value CAGR of 6.4% during the period of forecast. It is the second largest source type segment in terms of market valuation. By 2027 end, it is estimated to reflect value a bit under US$ 700 Mn from US$ 375 Mn in 2017. With respect to volume the fruits segment is poised to reflect a CAGR of 5.8% during 2017-2027.
Citrus fruits to largely contribute to the growth of the fruits segment
The fruits segment in source category has been further segmented by exotic fruits, citrus fruits and others. Among these, the citrus fruits sub segment is expected to show high contribution to the growth of the parent segment.
This sub segment is the largest in terms of value thus leading the market. It is also projected to grow at a high value CAGR of 6.7% throughout the period of forecast. Citrus fruits sub segment was valued at about US$ 253 Mn in 2016 and is estimated to reach a valuation of more than US$ 500 Mn by the end of the assessment year (2027).
This sub segment has shown high potential during 2012-2016 and expected to continue radiating high lucrativeness in the years to follow. Others fruits sub segment is the second largest and is estimated to reach US$ 117 Mn by 2027 end.
Key Segments Covered
The global research report on insoluble dietary fibre market includes an in-depth analysis on each segment of the entire market. The market segmentation covers product type, source, application and region.
By Product Type
- Cellulose
- Hemicellulose
- Chitin and Chitosan
- Lignin
- Bran
- Resistant Starch
- Others
By Source
- Fruits
- Exotic Fruits
- Citrus Fruits
- Others
- Vegetables
- Cereals and Grains
- Legumes
- Others
By Application
- Pet Food
- Functional Food and Beverages
- Pharmaceuticals and Dietary Supplements
- Others
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Japan
- Middle East and Africa (MEA)
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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