Demand for insoluble fiber for use in functional food & beverage end use has been observed to be steadily growing, and is expected to showcase the same pace over the coming years. North America, being the top region, will witness higher demand for insoluble fibers as compared to other regions. Growing pharmaceutical industry is also set to bolster demand growth of insoluble fibers.
As per Fact.MR’s latest revised report, the market is estimated to be valued at around US$ 2 Bn by the end of 2021, and is expected to expand at a CAGR of 6% over the long-run forecast period. In 2020, the COVID-19 outbreak mildly hit the market and it witnessed a decline in demand from its top regional markets, namely North America and Asia Pacific. All in all, the insoluble fiber market is set to get back on track by Q2 of 2021, and is expected to witness increased demand due to growing preference of people to stay healthy and have a well-maintained health status.
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Report Summary
The study offers comprehensive analysis on diverse features, including demand, product development, revenue generation, and sales of Insoluble Fiber across regions.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account sales during the forecast period. Price point comparison by region with global average price is also considered in the study.
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa, Rest of MEA)
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the Insoluble Fiber market during the forecast period.
Country-specific valuation on demand for Insoluble Fiber markets has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
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Research Methodology
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the Insoluble Fiber market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
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