Market Size of Europe Insoluble Dietary Fibers Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 9.80 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Insoluble Dietary Fibers Market Analysis
Europe Insoluble Dietary Fibers Market is expected to register a CAGR of 9.8%, during the forecast period of 2020-2025.
- The European market for insoluble dietary fiber is growing at a rapid pace because of the health benefits associated with insoluble fiber diet. Moreover, growing number of patents related to grinding and production of insoluble dietary fibers by key participants in the past decade are likely to create lucrative market scenario.
- The European bakery industry witnessed a considerable demand for natural and healthy bakery products employing dietary fibers as well. Furthermore, a demand for fiber supplements in fulfilling nutritional requirements in the western countries acted as a driver for the Europe Insoluble Dietary Fibers Market.
Europe Insoluble Dietary Fibers Industry Segmentation
The Europe Insoluble Dietary Fibers Market is segmented by source and application. On the basis of source, the market is segmented intofruits & vegetables, cereals & grains, and others. On the basis ofapplication, the market is segmented intofunctional food and beverages, pharmaceuticals, and animal feed.
Source | |
Fruits & Vegetables | |
Cereals & Grains | |
Others |
Application | |
Functional Foods & Beverages | |
Pharmaceuticals | |
Animal Feed |
Geography | |
Spain | |
United Kingdom | |
Germany | |
France | |
Italy | |
Russia | |
Rest of Europe |
Europe Insoluble Dietary Fibers Market Size Summary
The European market for insoluble dietary fibers is experiencing significant growth, driven by the increasing awareness of health benefits associated with their consumption. This growth is further supported by a surge in patents related to the production and processing of these fibers, creating a favorable market environment. The bakery industry in Europe is witnessing a rising demand for natural and healthy products that incorporate dietary fibers, while the need for fiber supplements to meet nutritional requirements is also on the rise, particularly in Western countries. Demographic trends, such as an aging population and the prevalence of health disorders like obesity and diabetes, are fueling the demand for insoluble dietary fibers, as they are seen as a solution to improve quality of life and manage health conditions. Government initiatives and research efforts are enhancing public awareness about the benefits and recommended intake of these fibers, further propelling market growth.
The European insoluble dietary fibers market is characterized by its competitive nature, with numerous domestic and multinational companies vying for market share. Key players in the market, such as Cargill, Incorporated, Ingredion Incorporated, and SunOpta Inc., are focusing on product innovation as a strategic approach to maintain their competitive edge. The market is predominantly composed of vegetable or cellulose derivatives, which are known for their ability to absorb water and facilitate digestive transit. Countries like Germany and France hold the largest market shares, followed by the United Kingdom, Spain, and Italy. The increasing consumer awareness of healthy lifestyles, coupled with government educational campaigns, is contributing to the market's expansion across the region.
Europe Insoluble Dietary Fibers Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Source
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2.1.1 Fruits & Vegetables
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2.1.2 Cereals & Grains
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2.1.3 Others
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2.2 Application
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2.2.1 Functional Foods & Beverages
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2.2.2 Pharmaceuticals
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2.2.3 Animal Feed
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2.3 Geography
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2.3.1 Spain
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2.3.2 United Kingdom
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2.3.3 Germany
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2.3.4 France
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2.3.5 Italy
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2.3.6 Russia
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2.3.7 Rest of Europe
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Europe Insoluble Dietary Fibers Market Size FAQs
What is the current Europe Insoluble Dietary Fibers Market size?
The Europe Insoluble Dietary Fibers Market is projected to register a CAGR of 9.80% during the forecast period (2024-2029)
Who are the key players in Europe Insoluble Dietary Fibers Market?
Cargill, Incorporated, Ingredion Incorporated, SunOpta Inc., CFF GmbH & Co. KG and Grain Processing Corporation are the major companies operating in the Europe Insoluble Dietary Fibers Market.