PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1314990
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1314990
Global Insoluble Dietary Fiber Market is valued approximately USD 2.57 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 8.9 % over the forecast period 2023-2030. The Insoluble Dietary Fiber focused on the production, distribution, and consumption of dietary fiber that cannot be dissolved in water. It includes various sources of insoluble dietary fiber, such as fruits, vegetables, whole grains, and legumes, which are utilized in a wide range of food and beverage products to promote digestive health and overall wellness. The Insoluble Dietary Fiber market is expanding because of factors such as, Increasing demand from food industry and rising growth in the pharmaceutical industry. Moreover, increasing demand from the food industry has a significant influence on the Insoluble Dietary Fiber Market. As the food industry recognizes the importance of dietary fiber in promoting health and wellness, there is a growing demand for products that incorporate insoluble dietary fiber.
According to statista, the global revenue in the food market is expected to increase by USD 2.6 trillion between 2023 and 2027, and it is estimated that the revenue may reach USD 12 trillion in 2027. The pharmaceutical industry's growth contributes to the expansion of the Insoluble Dietary Fiber Market, as it increases the demand for functional and health-focused ingredients. According to the Statista, the global pharmaceutical market has experienced significant growth. In 2022, the estimated value of the total global pharmaceutical market reached USD 1.48 trillion, marking a notable increase compared to its valuation of USD 1.42 trillion in 2021.In addition, growing demand of vegan and plant-based diets and increasing demand of functional food would create a lucrative growth opportunity. However, limited consumer awareness and the high cost of Insoluble Dietary Fiber stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Insoluble Dietary Fiber Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominates the market during the forecast period owing to the, rise in supplement consumption of insoluble dietary fiber, growing consumer awareness, higher disposable income, increased demand for functional foods, and a desire for a healthy and active lifestyle among the population have contributed to its increased popularity in the region. Asia Pacific is fastest growing region during the forecast period, owing to the, increased demand for functional foods due to growing health awareness and the significant growth of e-commerce and online retail platforms in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable