Report ID: SQMIG30I2068
Report ID:
SQMIG30I2068 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
99 |
Figures:
76
Asia Pacific region held the largest Global Dietary Fiber Market share in 2021. The region is also expected to witness the highest CAGR during the forecast period. Government programmes promoting the consumption of a nutritionally balanced diet along with rising consumer desire for healthy lifestyles will fuel industry demand. The existence of a broad market with various end users will present industry participants with profitable business opportunities. In the upcoming years, it is anticipated that China, Indonesia, and Japan will top the world in food and beverage production. In the years ahead, it is predicted that promising developments in the Asia-Pacific food and beverage sector would increase demand for dietary fiber. Several food and beverage, pharmaceutical, and supplement companies have established production facilities in the area as a result of the region's main countries, including China, India, Malaysia, and Indonesia, easing their FDI policies and investment rules. Additionally, the positive demographic situation will lead to an increase in company chances because both young and older people are looking for healthy diet and supplement choices to ward off illnesses.
Due to their exposure to foreign food goods, Chinese consumers are now adopting worldwide food trends. Since nutritional intake became a concern for many individuals when making food decisions, consumers are therefore seen to have a higher desire for healthy items with significant nutritional advantages, which may aid in market expansion.
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REQUEST FREE CUSTOMIZATIONDietary Fibers Market size was valued at USD 6.73 billion in 2019 and is poised to grow from USD 7.35 billion in 2023 to USD 16.23 billion by 2031, growing at a CAGR of 9.2% in the forecast period (2024-2031).
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Report ID: SQMIG30I2068