The Europe Dietary fibers market has been estimated at USD 0.85 Billion in 2016 and is projected to reach USD 1.52 Billion by 2021, at a CAGR of 12.3% during the forecast period from 2016 to 2021.
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Dietary fiber is obtained from the plants, which is the portion of food that is indigestible. Soluble fibers are dissolvable in water and are easily fermented within the colon.
Insoluble fibers can metabolically ferment within the large intestines and hence, are extensively utilized in pharmaceutical, feed industries, and functional food.
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The market for dietary fibers in Europe is mainly driven due to factors such as health problems, diet-consciousness, advanced technologies, increasing disposable income, and rise in the middle-class population.
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But, the market growth can be heavily constrained due to stringent rules by regulatory bodies on the amount of consumption.
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Europe market for Dietary fibers is segmented based on type, source, and application. By type, the market is further sub-segmented into Insoluble (Cellulose, Hemicellulose, Chitosan, Chitin, Lignin, Resistant starch) and Soluble (Insulin, Polydextrose, Pectin, Beta-glucan).
By source, the market is further sub-segmented into Cereals & grains (Wheat, Oat, Legumes, Nuts), Fruits & vegetables, Other crops. By application, the market is further sub-segmented into Functional food & beverages (Beverages, Dairy, Bakery & confectionery, Breakfast cereals & snack bars, Meat products), Animal feed, Pet food, Pharmaceuticals.
Soluble fibers are expected to witness significant growth owing to their properties to readily dissolve in water. Functional foods sector is the biggest market by application, where the dairy segment is estimated to be the largest market.
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Geographically, Europe market for Dietary fibers is segmented into U.K., Germany, Spain, France and Italy. Europe trails just behind North American market, with the second largest share in the global market.
The market growth in this region is considered to be stagnant. Therefore, the future scope for the companies is to focus on R&D and innovate in the products and practices, in order to meet not only the changing consumer preferences, but also maintain production costs.
Archer Daniels Midland Company, Cargill, Incorporated, E. I. du Pont de Nemours and Company, Südzucker AG, Ingredion Incorporated, Tate & Lyle PLC, Roquette Frères, and SunOpta Inc., are the major players of Europe Dietary fibers market.
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