Dietary fibre market to expand at 10.4% CAGR

Source：Research and Markets Release Date：2014-04-14 168

Food & Beverage

Trend for functional foods and pharmaceutical supplements spur growth

THE GLOBAL dietary fibre market will continue to grow at a rapid pace, according to a report by Research and Markets. Volume is forecast to reach 465,128.3 metric tonnes by 2019 at a CAGR of 10.4%.

The sector is largely driven by volume growth in the end-use industries. Rising consumer preference for functional foods, beverage, dairy, meat products, and pharmaceutical supplements are helping boost the industry. Continuous innovations drive down production costs, incorporate additional benefits in the products, and launch new types of products.

The end-use sectors are exhibiting buoyant growth, driven by the global aging population and demand for dietary fibre.

The dietary fibre market was dominated by the supplements segment both in value and volume terms. Functional foods were the most dominant sector in food applications.New Balance