Future Market Insights’ recently published report on the global market for dietary fibres, findings from which project that the market will witness an impressive growth during the forecast period, 2016-2026. Towards the end of this period, the global demand for dietary fibres will surge and bring in over US$ 12 Bn in revenues. Rising awareness regarding benefits of dietary fibres is cited to be a crucial driver for growth of global dietary fibres market. Moreover, rising preference to consumable and edible products rich in dietary fibre content is also expected to stimulate the global production of dietary fibres.
In 2016, around 347 KT of dietary fibres were consumed across the globe. The report, titled “Dietary Fibres Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,”estimates that by the end of 2026, this number will reach 1,164.3 KT, registering growth at 12.9% CAGR. The global dietary fibres market, which is presently valued at US$ 3.1 Bn will also witness an impressive growth in terms of revenues, exhibiting a value CAGR of 14.6%. The report further reveals that in 2016, over 40% of dietary fibres produced in the world was used for production of functional foods & beverages. By 2026-end, functional foods and beverages will become the largest application of dietary fibres, followed by pharmaceuticals.