According to the report by Triton Market Research, the Latin American dietary fibers market is likely to advance with a CAGR of 8.37% (by revenue) and a CAGR of 8.30% (by volume) in the forecast period from 2023 to 2030. Mexico, Brazil, and Rest of Latin America are studied in the market report for this region.
The government of Mexico has issued new labeling regulations, which require manufacturers to display nutritional information on the packaging of their food products, including the dietary fiber content. This helps consumers to make more informed decisions about their purchases. This, in turn, is expected to foster innovation by players in the dietary fibers market, as they work towards meeting user demands.
Argentina, Chile, and Colombia are some of the countries studied in the Rest of Latin American region. Argentina is one of the world’s leading suppliers of food and raw materials for livestock, agriculture, and dairy products worldwide. Dietary fibers are largely being used to fortify animal feeds, which is expected to act as a growth opportunity for the studied market.
Moreover, people in the country largely consume refined grain starchy vegetables, which is a good source of fiber. Bakery products also witness increased consumption, which provides lucrative growth opportunities to manufacturers to infuse dietary fibers into their products. All these aforementioned factors are expected to favor the development of the dietary fibers market growth in Rest of Latin America during the forecast period.
Competitive Outlook
The eminent players in the dietary fibers market include Kerry Group Plc, Lonza Group AG, Batory Foods Inc, Beneo GmbH, and Nexira SAS.
1. Latin America Dietary Fibers Market – Summary
2. Industry Outlook
2.1. Covid-19 Impact On The Dietary Fibers Market
2.2. Porter’s Five Forces Analysis
2.2.1. Threat Of New Entrants
2.2.2. Threat Of Substitutes
2.2.3. Bargaining Power Of Buyers
2.2.4. Bargaining Power Of Suppliers
2.2.5. Threat Of Competitive Rivalry
2.3. Market Maturity Analysis
2.4. Industry Components
2.4.1. Raw Materials
2.4.2. Processing Of Dietary Fibers
2.4.3. Distribution
2.5. Key Market Strategies
2.5.1. Collaborations
2.5.2. Product Launches
2.5.3. Mergers & Acquisitions
2.5.4. Business Divestitures & Expansions
2.6. Market Drivers
2.6.1. Growing Awareness Regarding Nutrition And Health
2.6.2. Enhanced Preference For Nutraceutical Products
2.6.3. Rising Prevalence Of Chronic Diseases And Digestive Disorders
2.6.4. Increasing Investments In The Nutraceutical Sector
2.7. Market Challenges
2.7.1. Volatile Prices Of Raw Materials
2.7.2. Stringent Regulations By Government Authorities
2.7.3. Harmful Effects Associated With The High Intake Of Dietary Fibers
2.8. Market Opportunities
2.8.1. Growing Popularity Of Fiber Supplements
2.8.2. Multiple Applications Of Soluble Dietary Fibers
2.8.3. Growing Penetration Of Dietary Fibers In The Pharmaceutical Sector
2.8.4. Rising Demand For Cereals And Grains
2.8.5. Numerous Applications Of Dietary Fibers In The Food & Beverage Industry
3. Latin America Dietary Fibers Market – By Product
3.1. Soluble Dietary Fibers
3.1.1. Inulin
3.1.2. Pectin
3.1.3. Beta Glucan
3.1.4. Corn Fibers
3.1.5. Other Soluble Dietary Fibers
3.2. Insoluble Dietary Fibers
3.2.1. Cellulose
3.2.2. Hemicellulose
3.2.3. Chitin & Chitosan
3.2.4. Lignin
3.2.5. Oat Bran
3.2.6. Wheat Fibers
3.2.7. Other Insoluble Dietary Fibers
4. Latin America Dietary Fibers Market – By Raw Material
4.1. Cereals & Grains
4.2. Fruits & Vegetables
4.3. Nuts & Seeds
4.4. Legumes
5. Latin America Dietary Fibers Market – By Application
5.1. Food & Beverages
5.2. Pharmaceuticals
5.3. Animal Feed
5.4. Other Applications
6. Latin America Dietary Fibers Market – Country Outlook
6.1. Latin America
6.1.1. Market By Product
6.1.1.1. Market By Soluble Fibers
6.1.1.2. Market By Insoluble Fibers
6.1.2. Market By Raw Material
6.1.3. Market By Application
6.1.4. Country Analysis
6.1.4.1. Brazil
6.1.4.1.1. Brazil Dietary Fibers Market Forecast & Prospects