Latin America Insoluble Dietary Fiber Market

Latin America Insoluble Dietary Fiber Market Growth and Forecast (2023 - 2028):

Latin America Insoluble Dietary Fiber Market was worth $0.35 billion in 2022 and estimated to be growing at a CAGR of 8.16%, to reach $0.51 billion by 2028.

Market Overview:

Insoluble dietary fiber does not absorb or dissolve in water.  It passes all the way through our digestive system in close to its original form.  Insoluble dietary fiber offers much remuneration to intestinal health, with a reduction in the risk and occurrence of hemorrhoids and constipation. They are usually found in foods such as wheat bran, vegetables, and whole grains. Insoluble fiber plays a major role in controlling weight by staving off hunger pangs.

Drivers and Restraints:

The increasing demand for functional foods along with growing health consciousness amongst the people in developed economies is sustaining the growth of insoluble dietary fiber market during the forecast period. In promising economies, increasing disposable income and rising awareness of consumers through different government campaigns is propelling the growth of insoluble dietary fiber. Though, evolving market for synthetic dietary fiber supplements is expected to obstruct the market growth.

Latin America Insoluble Dietary Fiber Market Segmentation Analysis:

Latin America Insoluble Dietary Fiber Market is segmented by product type into Cellulose, Hemi-Cellulose, Chitin & Chitosan, Lignin and Resistant Starch. Based on end users the market is segregated into functional foods, animal feed and pharmaceuticals. The bakery industry employs a large share of the total insoluble dietary fibers due to their greater ability in providing higher softness of breadcrumb and firmness to the loaf which can be attributed to the dominance of functional foods.

Region Analysis:

Geographically the Latin America Insoluble Dietary Fiber Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. Mexico is dominating the insoluble dietary fiber market and expected to continue its dominance over the forecast period.

Key Players in the Market:

Major Key Players in the Latin America Insoluble Dietary Fiber Market are

• Roquette Frères
• Südzucker A.G
• Tate & Lyle PLC
• Ingredion Incorporated
• E. I. DuPont de Nemours and Company
• Archer Daniels Midland Company
• Cargill, Inc
• Sunopta Inc