North America Insoluble Dietary Fibers Market - Growth, Trends, and Forecast (2018-2023)
The North American insoluble dietary fibers market has been estimated at USD 715.3 million by 2018 and is projected to reach USD 1230.4 million by 2023, at a CAGR of 9.5%, during the forecast period, 2018 – 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 market trend is in tandem with growing awareness of healthy eating habits and the major role these additives play in aiding digestive health. Governments encourage the intake and recommends acceptable levels of intake of insoluble dietary fibers. The number of supermarkets, food service restaurants, and several processed food supply channels in the emerging markets are rising, and thus, the food industry is seeing an uptick in demand. This ultimately gives rise to growth in North America insoluble dietary fibers market.
Increased consumption of processed and convenience foods in North America has led to prevalence of several health problems including coronary heart disorder, obesity, gastro-intestinal issues, cholesterol and diabetes. Consumer awareness and demand for nutrition rich foods is anticipated to increase demand for insoluble dietary fiber market in North America during the forecast period. Several studies being conducted in the market for use of insoluble dietary fiber in treating obesity, diabetes, digestive problems, cardiovascular problem, and high cholesterol are poised to create growth opportunities in the coming five years.
North America 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.
The US holds a major share in the market, and Canada closely follows the trend similar to United States. Mexico, with its rising incomes, urbanization and rapidly rising processed foods market, is poised to see demand for dietary fibers coming from the young calorie-conscious consumer.