According to the research report titled ‘Global Dietary Fibers Market Size By Product, By Source (Cereals & Grains, Fruits & Vegetables), By Application (Food [Bakery, Breakfast Cereals & Snacks, Confectionery, Dairy, Meat Products, Infant Food], Beverages, Pharmaceutical, Companion Animal Nutrition) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026’, available with MarketStudyReport, global dietary fibers market is projected to record a notable CAGR over the forecast timeframe 2020-2026.
 

As per the findings of the report, rising health awareness among consumers is anticipated to drive global dietary fibers market growth over the projection timespan.
 

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For the unversed, fiber, often known as roughage, is the indigestible part of plant-based foods and is essential for the digestive system as it passes through digestive tract, absorbing water and facilitating bowel movement as well as decreasing cholesterol.
 

In fact, fiber-rich meals have been shown to lower the risk of a variety of diseases such as diabetes, heart disease, constipation, colon cancer, and diverticular disease. Growing awareness about these benefits will further enhance the market outlook.
 

Despite the positive outlook, imposition of various pharmaceutical regulations and side effects associated with excessive consumption of dietary fibers are likely to inhibit market development over the forecast period.
 

Based on source type fragmentation of worldwide dietary fibers industry, the others segment (legumes, nuts, and seeds) is poised to witness a CAGR of 11.8% over 2021-2026, due to rising health concerns, changing lifestyles, and consumption of processed nuts & seeds as a nutritious snacking alternative.
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Moving on to product type, insoluble dietary fibers segment accounted for 64% revenue share in 2019, on account of increasing awareness towards benefits of these fibers, such as facilitating normal movement of intestinal contents, and regulation of pH levels.
 

In terms of application, others segment, which includes personal care & cosmetics, is expected to gain considerable momentum over the forecast period, owing to consumers' growing preference for natural & organic cosmetic and weight-loss products.
 

From a regional perspective, North America dietary fibers market held a revenue share of 34% in 2019, driven by shifting consumer preferences toward vegetarian and high-fiber diets. Meanwhile, LATAM market is expected to grow at a healthy 12% CAGR through 2026, due to rapid expansion of the fruit & vegetable processing sector.