This report defines the insoluble dietary fiber industry and segments it on the basis of usage and consumer preference. The segmentation includes the key types and application. This report offers analyses and projections of the market size of each of the segments for insoluble dietary fibers, in terms of value. It also identifies the driving and restraining factors for the insoluble dietary fiber market, with an analysis of trends, opportunities, drivers, restraints, and challenges.
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Insoluble dietary fiber is driven by growing consumer awareness and demand for functional foods that have a potentially positive effect on health, beyond basic nutrition. Insoluble dietary fibers are considered as health-improving additives that meet the consumer’s demand for of healthy and value-added products.
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The insoluble dietary fiber market is estimated to grow with the increasing awareness regarding health and nutrition. The insoluble dietary fiber market is projected to reach a value of more than $3.0 billion by 2019. The market in the Asia-Pacific region is projected to grow at the highest CAGR due to the rising standard of living and growing demand for functional foods. Consumers are interested in purchasing food that provide health benefits, and adapt wise dietary habits that help fight a gamut of diseases such as diabetes, obesity, high cholesterol, digestive problems, and cardiovascular problems.
The key players in the market have adopted new product launch and expansion & investment as strategies to garner a larger share in the market. During the review period of January 2009 to November 2014, the key active players in the insoluble dietary fiber market were Archer Daniels Midland Company (U.S.), Cargill, Inc. (U.S.), and E. I. DuPont de Nemours and Company (U.S.).
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