Global Dietary Fibers Market Size By Product (Soluble [Inulin, Pectin, Polydextrose, Beta-Glucan, Fructooligosaccharides (FOS), Galactooligosaccharides (GOS), Corn Fiber], Insoluble [Cellulose, Hemicellulose, Chitin & Chitosan, Lignin, Fiber/Bran, Resista

Global Dietary Fibers Market Size By Product (Soluble [Inulin, Pectin, Polydextrose, Beta-Glucan, Fructooligosaccharides (FOS), Galactooligosaccharides (GOS), Corn Fiber], Insoluble [Cellulose, Hemicellulose, Chitin & Chitosan, Lignin, Fiber/Bran, Resistant Starch]), By Source (Cereals & Grains, Fruits & Vegetables), By Application (Food [Bakery, Breakfast Cereals & Snacks, Confectionery, Dairy, Meat Products, Infant Food], Beverages, Pharmaceutical, Companion Animal Nutrition) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

Global dietary fibers market is gaining significant momentum due to growing health consciousness among consumers. Fiber, or roughage, is the indigestible part of plant-based foods. It travels through the digestive tract, absorbing water along the way and improving bowel movement and lowering cholesterol. Dietary fiber is important for the overall health of the digestive system.

The intake of fiber-rich foods is known to reduce the risk of developing numerous health conditions, including diabetes, constipation, heart disease, diverticular disease, and colon cancer. Increasing awareness towards these benefits will augment dietary fibers market share over the forecast timeline. The American Heart Association Eating Plan recommends intake of 25-30 grams of dietary fiber per day.

Dietary fibers can be classified as soluble and insoluble. Insoluble dietary fibers product segment captured more than 64% revenue share in 2019. Water-insoluble fibers are found in fruits with edible seeds or peel, vegetables, whole grain foods, cereals, rolled oats, and brown rice. Insoluble fibers perform many functions, including regulating pH levels in the intestines and promoting normal movement of intestinal contents, which will boost the product consumption.

On the basis of sources, dietary fiber industry is segmented into cereals & grains, fruits & vegetables, and others. The others segment includes legumes and nuts & seeds. The segment will witness a CAGR of around 11.8% owing to growing consumption of processed nuts and seeds. Processed nuts and seeds serve as a healthy and convenient snacking option. Busier lifestyles and mounting health concerns will increase the product demand.

Considering the application spectrum, the market can be bifurcated into food, beverages, pharmaceutical, companion animal nutrition, and others. The other segment mainly includes personal care & cosmetics. Growing inclination of consumers towards natural and organic beauty and weight management products will propel the segment growth. A booming petcare industry and rising number of pet specialty centers for nutrition will drive the product penetration across companion animal nutrition applications.

Meanwhile, beverage application segment will witness rapid consumption due to innovative advances in the flavor industry and growing consumer demand for nutritionally-rich beverage. Pharmaceutical sector is slated to experience lucrative growth during the analysis period due to rising incidents of gastrointestinal diseases such as constipation, inflammatory bowel diseases (IBD), irritable bowel syndrome (IBS), as well as diverticular diseases.

From a geographical point of view, North America accounted for more than 34% revenue share of dietary fiber market size in 2019. This can be attributed to shifting consumer preference towards vegetarian and high-fiber foods. The emerging trend of veganism will further complement the regional outlook.

LATAM dietary fibers market share is projected to record a robust 12% CAGR through 2026 due to rapid expansion of the fruit and vegetable processing sector. Meanwhile, Middle East & Africa (MEA) region will witness dramatic growth in GCC countries where the demand for dietary foods and supplements is surging.