Dietary Fibers Market to Receive Overwhelming Hike in Revenues By 2030
The global Dietary Fibers Market size is expected to reach $21,672.9 million by 2030 at a CAGR of 11.1% from 2021 to 2030. Dietary fibers are the portion of plant food that includes non-starch polysaccharides such as inulin, pectin, beta-glucan, lignin, cellulose, and hemicellulose. It cannot be digested by human digestive system. Cereals, grains, vegetables, fruits, and legumes are rich source of dietary fiber. Dietary fiber helps in smooth bowel movement.
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Key Companies Involved:
The prominent dietary fibers industry players include Cargill, DuPont, Ingredion Inc., Kerry Inc., Tate & Lyle, Farbest Brands, J. RETTENMAIER & SÖHNE GmbH + Co KG, Taiyo International, AGT Food and Ingredients, and Batory Foods. Key players are investing in the research and development of the dietary fibers and exploring the potential uses and application of the dietary fibers.
Key findings of the study
The dietary fibers market was valued at $7,900.0 million in 2020, and is estimated to reach $21,672.9 million by 2030, growing at a CAGR of 11.1% during the forecast period.
By raw material, the legumes segment is estimated to witness the fastest growth, registering a CAGR of 13.0% during the forecast period.
In 2020, depending on product, the soluble dietary fibers segment was valued at $4,515.2 million, accounting for 57.1% of the global dietary fibers market.
In 2020, the U.S. was the most prominent market in North America, and is projected to reach $1,295.3 million by 2030, growing at a CAGR of 10.9% during the forecast period.
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