North American Market Forecast
The North American dietary fibers market, amongst the market in all the other regions, is projected to hold the largest market share of about 35% by the end of 2037. The growth of the market can be attributed majorly to the increasing awareness about health and rising cases of chronic diseases which in turn is expected to boost the demand for dietary fibers. Dietary fibers are beneficial in chronic disease management. Every sixth adult in America, according to the Centers for Disease Control and Prevention, has a chronic illness. In addition, 4 out of 10 adults have two or more chronic conditions. Furthermore, since the pandemic started, about 7 in 10 people are more conscious of how they treat their bodies. Furthermore, roughly 6 in 10 people are now aware of the benefits of leading a healthy lifestyle and eating well.
APAC Market Statistics
The Asia Pacific dietary fibers market, amongst the market in all the other regions, is projected to hold the second largest share during the forecast period. The growth of the market can be attributed majorly to the rising digestive issues in the region. Around 13% of adult Indians report having severe constipation, which affects about 22% of the population overall. Moreover, roughly 6% of Indians experience constipation linked to specific comorbidities. Furthermore, the growth of the market in the region is also expected on the account of high consumption of grain-based fibers. China's consumption of important grain crops has increased during the previous 20 years, going from less than 400 million metric tonnes annually to somewhere around 750 million tonnes.
Europe Market Forecast
Further, the market in Europe, amongst the market in all the other regions, is projected to hold a notable share by the end of 2037. The market growth of the segment is expected on the back of major dietary fiber manufacturers in the region. For instance, in July 2021, Cargill, Incorporated, a major player in the sugar-reduction market, entered the market of soluble fiber in Poland with an investment of USD 45 million. Moreover, rising health awareness among people and growing consumption of fruits and vegetables are also expected to boost the market growth.
Author Credits: Parul Atri
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