Mordor Intelligence - Hoima, Uganda

The global dietary fiber market is driven by the demand from downstream companies in Food & Beverages and Pharmaceutical domain. This market is highly impacted by the changing preferences of the end user- in terms of taste, new product developments and industry trends. The dietary fiber market is a growing industry in terms of value and volume. The market in 2014 was valued $2470 million and is estimated to grow to $5320 million by 2020 with a CAGR of 13.4% through 2020. Consumers demand for additional benefits that go beyond basic nutrition are catered by functional foods and health supplements containing dietary fibers. The end user industries see high consumer awareness about the foods they eat and the quality of the ingredients which is driving demand for dietary fibers. A health conscious consumers driven by raising disposable incomes and changing lifestyle is creating demand for nutritional foods and in turn the dietary fibers demand in functional foods and supplements.The increasingly ageing population is also driving the use of dietary supplements.