Newark, Sept. 07, 2022 (GLOBE NEWSWIRE) — As per the report published by The Brainy Insights, the global dietary fibers market is expected to grow from USD 7.86 billion in 2021 to USD 19.08 billion by 2030, at a CAGR of 10.36% during the forecast period 2022-2030.

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The rising customer awareness about the intake of a healthy diet and leading an active lifestyle is anticipated to expand the dietary fiber enterprise demand during the projection period. Moreover, increased demand for functional foods, the increasing consumer awareness of the importance of eating well, and technological advancements & modernization in the production techniques are predicted to increase product demand and are also helping to propel market growth. However, the emergence of stringent government regulations about dietary fibers, the lengthy & costly regulatory approval process, and the high price of manufacturing technology is the restraining market growth. Furthermore, an increase in the number of urban residents, emerging applications of soluble dietary fibers & emerging markets, and an increase in demand for multivitamin supplements are opportunities for market growth.

Competitive Strategy

To enhance their market position in the global dietary fibers market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.

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Market Growth & Trends

The growth of the dietary fiber market is driven by increasing demand for fibre supplements and chronic diseases. Moreover, the constant product innovation by key players in the market growth trend. In addition, the growing demand for cosmetic products is due to changing fashion trends. Further, different manufacturers focus on introducing cosmetics that incorporate insoluble and soluble dietary fibers. Also, the growing prevalence of chronic lifestyle disorders like diabetes, cardiovascular diseases (CVDs), hypertension, and gastrointestinal disorders propel market growth. Besides this, customers are becoming aware of the benefits of including fiber in their daily diets through beverages, nutritional supplements, foods, and pharmaceuticals. This also leads to the growing adoption of…