"The global insoluble dietary fibers market value at $3,583.54m by the end of 2023, and the demand is anticipated to grow at a CAGR of 7.8% during the forecast period 2018-2023.
"Â The insoluble dietary fibers market size is witnessing substantial growth, owing to the availability of raw materials, rising demand for functional food, and consumer inclination towards the fiber-rich products.
This resonates the findings of a recent business intelligence publication from IndustryARC, which evaluates the global insoluble dietary fibers market value at $3,583.54m by the end of 2023, and the demand is anticipated to grow at a CAGR of 7.8% during the forecast period 2018-2023.The IndustryARC’s report titled “Insoluble Dietary Fibers Market: By Type (Hemicellulose, Lignin, Cellulose, Resistant starch, Chitin & Chitosan, Fiber, Others); By Function( Anti-Caking Agent, Bulking/ Texturing Agent, Fat Substitute, Water binding Agent, Others); By Sources( Whole grain, Vegetable, Fruits, Others); By End-Use Industry (Food Industry, Animal feed Industry, Pharmaceutical, Others); By Geographic Analysis - Forecast (2018-2023)” incorporates that there is an increase in the adoption of dietary food products due to its functional and health benefits which is boosting the insoluble dietary fibers market.
In the region, it is observed that there is an increasing number of foodservice restaurants, supermarkets, and several processed food supply channels, especially in the U.S and Canada, due to which the insoluble dietary fibers market demand is growing significantly in North America.
Moreover, this application segment in the insoluble dietary fiber market revenue is estimated to grow at a CAGR of 7.4% during the aforesaid forecast period.Insoluble Dietary Fibers Market: Market Trends and Growth DriversThe population have changed their preference to functional food with dietary fibers owing to growing concern regarding health related issues.
For instance, Novelose, a product launched by Ingredion Incorporated in 2017, which was a new line of low cost-in-use dietary fibers for the manufacturers that wanted to add fiber in the food easily.In certain emerging countries, the governments have declared dietary recommendations to provide impetus to the employment of dietary fibers in the food, and pharmaceutical industries.