Vancouver, BC -- (SBWIRE) -- 12/28/2020 -- Functional fibers are indispensable to our digestive health and are widely consumed as supplements to maintain the overall health. These fibers are generally sourced from foods containing starch, including sugar. Therefore, they offer the benefits of dietary fibers that occur naturally in the body, thus preventing constipation and lowering blood glucose levels.

Functional Fibers Market Drivers

The global functional fibers market is projected to grow substantially over the forecast years. The market growth is primarily attributed to the rising health & fitness, especially among the millennials; the surging demand across a wide range of industries, including pharmaceuticals, food & beverages, and nutraceuticals; the widespread availability of functional fibers in various forms and grades, and the numerous advantages of these fibers, such as preventing constipation and diarrhea, and alleviating the risks of obesity and heart conditions. The market growth has gained significant momentum over recent years, owing to the rising consumer spending on healthcare, burgeoning demand for dietary supplements, increasing incidences of lifestyle-induced diseases, new product launches, and the augmented awareness about the health benefits of these fibers.

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The leading companies operating in the global functional fibers market are:

Ingredion

Axys Nutrition Products Pvt. Ltd.

CFF GmbH & Co. KG

BENEO

Royal DSM NV

RETTENMAIER & SÖHNE GmbH + Co KG

Regional Scenario

North America is touted as the leading market for functional fibers due to the snowballing demand for functional fibers in the region, increasing usage as dietary supplements, high rate of obesity and other lifestyle disorders, and their surging application in the food & beverage and healthcare industries, as well as the personal care & cosmetics sector. As per the latest report, the Asia Pacific market is likely to grow at a brisk pace in the years to come.

The leading regional segments are as follows:

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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The global functional fibers market can be extensively bifurcated based on nature, grade, source, product type, and application.

Nature Type:

Organic

Conventional

Grade Type:

Food Grade

Industrial Grade

Pharmaceutical Grade

Source Type:

Fruits & vegetables

Cereals & grains

Others (Nuts, seeds, and legumes)

Product Type:

Soluble Fibers

Beta-Glucan

Inulin

Polydextrose

Pectin

Corn Fiber

Fructooligosaccharides (FOS)

Galactooligosaccharides (GOS)

Others (gum fibers, Dextrin)

Insoluble Fibers

Cellulose

Lignin

Fiber/bran

Resistant starch

Chitin & Chitosan

Hemicellulose

Others

Application:

Food & beverages

Pharmaceuticals

Nutraceuticals

Dietary Supplements

Functional Food

Personal Care & Cosmetics

Others

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Product research:

An extensive study of the product application and services conducted by subject matter experts assessing the Functional Fibers market will help product owners to make a wise decision. From analyzing which products companies should produce, expand to how brands should position their product the study covers all that business owners require meeting the buyers' requirement.

The research provides answers to the following key questions:

What will be the growth rate and the market size of the Functional Fibers industry for the forecast period 2020-2027?

What are the major driving forces expected to impact the development of the Functional Fibers market across different regions?

Who are the major driving forces expected to decide the fate of the industry worldwide?

Who are the prominent market players making a mark in the Functional Fibers market with their winning strategies?

Which industry trends are likely to shape the future of the industry during the forecast period 2020-2027?

What are the key barriers and threats believed to hinder the development of the industry?

What are the future opportunities in the Functional Fibers market?
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