Europe Insoluble Dietary Fibers Market - Growth, Trends, and Forecast (2018 - 2023)
The European insoluble dietary fiber market was valued at USD 561.1 million in 2017 and is projected to reach USD 906.4 million by 2023, at a CAGR of 9.8%, during the forecast period from 2018 to 2023. Insoluble dietary fibers have multi-disciplinary uses, some of which include being employed as bulking agents in reduced-sugar applications, as an effective moisture manger in fat replacing, as a tool for incorporating texture, and as a natural antioxidant. They also have an extensive use as a bulking agent in the bakery industry, which accounts to 31.0% of the total market share.
The European market for insoluble dietary fiber is growing at a faster pace because of the health benefits associated with insoluble fiber diet. Moreover, growing number of patents regarding grinding and production of insoluble dietary fibers by key participants in the past decade are likely to create lucrative market scenario. The European bakery industry witnessed a considerable demand for natural and healthy bakery products employing dietary fibers as well. Furthermore, a demand for fiber supplements in fulfilling nutritional requirements in the western countries acted as a driver for the European insoluble dietary fibers market. Technical difficulties pertaining to reactivity and stability of the product has been one of the major challenges faced by the industries employing dietary fibers. Additionally, delayed and inconsistent regulatory standards for approval are other constraints for the market.
The Europe insoluble dietary fiber market is segmented by Functional type, Product type, and by Application. The fibers are classified into Cellulose, Hemi cellulose, Chitin, and Lignin depending on their characteristics. The insoluble dietary fibers find a wide range of applications in the Meat industry, Bakeries and Beverages segment, and in Confectioneries as these fibers help prevent colon cancer by keeping an optimal pH in intestines to prevent microbes from producing cancerous substances.
In Europe, countries, such as Germany, closely followed by France collectively account for the largest market share followed by United Kingdom, Spain and Italy. Insoluble fiber that is metabolically inert, absorbing water throughout the digestive tract and easing transit. The European insoluble dietary fiber market is mainly composed of vegetable or cellulose derivatives. The insoluble dietary fiber market in the country is on the growing scale due to rising awareness among the consumers for healthy lifestyle and government educational campaign across the region.
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