South America Insoluble Dietary Fibers Market - Growth, Trends, and Forecast (2020 - 2025)

The South America insoluble dietary fibers market is projected to reach at a CAGR of 9.3%, during the forecast period, 2020-2025.

The rising health concerns and demand for quality food is mainly driving the insoluble dietary fiber market in the region. Additionally, the increasing purchase power of the consumers and awareness on the benefits of fiber intake is further driving the South Americinsoluble dietary fibers market.

Insoluble dietary fiber rich foods are more preferred because of its many uses and advantages. The rising standards of living of the consumers and preference for healthy and nutritious foods is also driving the insoluble dietary fibers market in South America.

Key Market Trends

Growing Demand for Functional Food & Beverages

The insoluble dietary fiber market is majorly driven by the increasing fortification and supplementation activities, which encourage the consumption of dietary fibers among consumers of all age groups. More than half of the consumers in South America are trying to increase their fibre intake. This prompted manufacturers to fortify higher-value products, like crisps, puffs, and flakes, along with dietary fibers. Manufacturers have increasingly utilized fibers from various sources, such as chicory root, asparagus, carrots, Jerusalem artichoke, jicama, leeks, and whole grains, to develop fortified food products with high-fiber content and fiber-based supplements categorized under the functional food industry.

Brazil Holds the Largest Market Share

Brazil has the highest market share in South America followed by Argentina and other countries in the region. The rising health concerns and demand for quality food is mainly driving the insoluble dietary fiber market in Brazil. Additionally, the increasing purchase power of the consumers and awareness on the benefits of fiber intake is further driving the Brazilian insoluble dietary fibers market.

Competitive Landscape

The South America insoluble dietary fibers market is fragmented and highly competitive in nature having large number of domestic and multinational player competing for market share and with innovation in products being a major strategic approach adopted by leading players. Some of the major players in the South America insoluble dietary fibers market include Cargill, Incorporated, Ingredion Incorporated, SunOpta Inc., J. Rettenmaier & Söhne Gmbh & Co. Kg, Grain Processing Corporation.

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