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Bakery industry is expected to emerge as the fastest growing sector in the market.
By: Lisa Olivo
July 21, 2015
Technavio’s analysts forecast a 16.54% CAGR in the dietary fiber market from 2014 to 2019 in the new report, “Global Dietary Fiber Market 2015-2019.” The bakery industry is expected to emerge as the fastest growing sector in dietary fiber market during the forecast period. The market can be segmented into two categories: soluble novel fiber and insoluble conventional fiber. The increasing demand for natural bakery products that contain ingredients such as fiber and whole grains is expected to fuel the demand for bakery products. The daily intake recommendations for the consumption of dietary fiber products, which help reduce obesity, maintain optimum blood sugar levels, and help consumers effectively manage their energy levels, will significantly benefit the bakery industry, the report predicted. This will increase the demand for bakery products, which will help the dietary fiber markets in developed countries slow the market saturation during the forecast period. Hence, the growing demand for bakery products is expected to lead to an increase in the growth of the global dietary fiber market during the forecast period. According to the report, the global dietary fiber market is witnessing tremendous growth due to the increasing demand for healthy and natural food products from health-conscious consumers. This growing demand is due to the high disposable incomes of consumers, increasing food-related problems, and rising awareness of the link between diet and food-related habits among consumers. People are much more concerned about their diet and the quality of food they consume, and so they are trying to avoid eating unhealthy and fast foods. Therefore, the growing demand for healthy and natural food products is a major driver of the market.
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