Triton Market Research’s report puts forth that North America’s dietary fibers market will witness growth, recording CAGRs of 9.09% (in revenue) and 9.05% (in volume) in the forecast years between 2023 and 2030. The United States and Canada are evaluated for the market report of this region.
Low intake of dietary fibers poses potential health risks. Foods with high dietary fiber content promote intestinal stability and lower the chances of developing various diseases. Thus, the government of the US strongly recommends fiber consumption under its dietary advice and nutrition guidelines. Also, nutritional advice is specifically aimed at encouraging people to select whole grains, as they are good sources of fiber.
Fiber sources such as cereals and grains, including whole wheat, oats, rye, corn, bulgur, brown rice, barley, wild rice, triticale, buckwheat, and millet, are abundantly available in the country. This is expected to drive the studied market’s growth over the forecast period.
The demand for dietary fibers in Canada is anticipated to grow owing to the rising awareness and increasing recommendations by healthcare authorities for their intake. Moreover, the rising population in the country has resulted in enhanced demand for various food & beverages and pharmaceuticals. The manufacturers operating in these industries are increasingly focusing on innovation, thus incorporating dietary fibers into their products. This is expected to propel the Canadian dietary fibers market’s growth over the forecast period.
Competitive Outlook
The prime contenders in the dietary fibers market are Beneo GmbH, Cargill Incorporated, Kerry Group Plc, Ingredion Incorporated, and Batory Foods Inc.
1. North 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. Regulatory Framework
2.6. Key Market Strategies
2.6.1. Collaborations
2.6.2. Product Launches
2.6.3. Mergers & Acquisitions
2.6.4. Business Divestitures & Expansions
2.7. Market Drivers
2.7.1. Growing Awareness Regarding Nutrition And Health
2.7.2. Enhanced Preference For Nutraceutical Products
2.7.3. Rising Prevalence Of Chronic Diseases And Digestive Disorders
2.7.4. Increasing Investments In The Nutraceutical Sector
2.8. Market Challenges
2.8.1. Volatile Prices Of Raw Materials
2.8.2. Stringent Regulations By Government Authorities
2.8.3. Harmful Effects Associated With The High Intake Of Dietary Fibers
2.9. Market Opportunities
2.9.1. Growing Popularity Of Fiber Supplements
2.9.2. Multiple Applications Of Soluble Dietary Fibers
2.9.3. Growing Penetration Of Dietary Fibers In The Pharmaceutical Sector
2.9.4. Rising Demand For Cereals And Grains
2.9.5. Numerous Applications Of Dietary Fibers In The Food & Beverage Industry
3. North 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. North America Dietary Fibers Market – By Raw Material
4.1. Cereals & Grains
4.2. Fruits & Vegetables
4.3. Nuts & Seeds
4.4. Legumes
5. North America Dietary Fibers Market – By Application
5.1. Food & Beverages
5.2. Pharmaceuticals
5.3. Animal Feed
5.4. Other Applications
6. North America Dietary Fibers Market – Country Outlook
6.1. North 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. United States
6.1.4.1.1. United States Dietary Fibers Market Forecast & Prospects