2012-11-02 11:49:32 - Global dietary fibre market to increase at a CAGR of 14%
The global dietary fibre market has been forecast to increase at a compound annual growth rate (CAGR) of 14% over the next five years, rising from 96,400 metric tons in 2011 to 216,000 metric tons by 2017, to be worth a market value of $3.25 billion.Key factors set to drive growth within the global dietary fibre market include the ever-growing ageing population, growing consumption levels by the supplement segment, the advantage provided by its low cost and growing consumer perception about the health benefits of fibres.As eating habits change to favour foods that contain little or no dietary fibre and as people get less and less exercise, dietary fibres are more important than ever. Nowadays, these plant components, which would
have been scorned in the past, would probably be referred to as "slimming agents" or "active agents", as both epidemiological and scientific studies have confirmed that dietary fibres contribute significantly to our health.The heavy level of regulation from the FDA poses the most formidable barrier to entry in the dietary fibre industry, as product testing and approval can be a lengthy and costly process. Also compliance with existing regulations during the manufacturing stage can increase production costs to prohibitive levels for all but the well-capitalized firms.North America leads the global dietary fibre market with share of 36%, followed by Europe (31%) and Asia-Pacific (17%) in terms of revenue in the year 2011. The North American region is expected to continue its dominance on the global dietary fibre demands; however, due to the increasing impact for demand of the supplement market for soluble fibres, and the growing drive towards hunting for alternate sources of fibres, the trend may soon change. China and India are the leaders within the Asia-Pacific market, driving the demand for dietary fibre due to their changing lifestyles and growing economies, boosting the need for the convenience food sector, the booming pharma sector; and in turn the demand for soluble novel fibres.For more information on the global dietary fibre market, see the latest research: Global Dietary Fibre MarketFollow us on Twitter @CandMResearch
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