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Wheat Fiber Market According to a new report published by Allied Market Research, titled, “Wheat Fiber Market by Nature and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global wheat fiber market was valued at $864.1 million in 2020, and is projected to reach $1,632.6 million by 2030, registering a CAGR of 6.5% from 2021 to 2030. Wheat fiber offers numerous health benefits and prevention of some serious diseases such as cardiovascular diseases, obesity, and type 2 diabetes. Drivers, restraints, and opportunitiesRise in population and improvement in lifestyle are the key factors that drive the growth of the wheat fiber market. Increase in purchasing power in the developing region like Asia-Pacific and LAMEA majorly boosts the sale of the wheat fiber products in this region. The change in dietary patterns among consumers along with the increase in population of urban people are the key factors that drive the growth of the wheat fiber market.
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Wheat Fiber Market
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rontrunners in the industryArcher-Daniels-Midland Company Cargill DuPont de Nemours Grain Processing Corporation Ingredion Incorporated J. RETTENMAIER & SÖHNE GmbH + Co KG Roquette Freres, Südzucker AG SunOpta Inc Calyxt
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Wheat Fiber Market By nature, the conventional segment constitutes a major market share; however, the organic segment is projected to experience growth at the highest CAGR during the wheat fiber market forecast period. The major demand for conventional wheat fiber is from the commercial segment owing to the bulk requirement in less prices. Moreover, conventional wheat fiber is used in food & beverages, cosmetics, personal care and others which also result in expanding the growth of the wheat fiber market. By application, the food & beverages segment accounts for the largest share of wheat fiber market and is expected to dominate the market with a highest CAGR during the forecast period. The surge in demand for fiber rich food among the consumers, desire for healthy and active lifestyle, rise in disposable income, and increase in awareness regarding dietary fiber consumption are the factors that drive the growth of the food & beverage segment in the global wheat fiber market. Moreover, rise in population along with increase in demand for food is propelling the growth of the wheat fiber market across the globe. The market in the Asia-Pacific region offers lucrative growth opportunities for the operating players owing to the presence of countries such as India, China, Australia, New Zealand, and others. Increase in adoption of western lifestyle, surge in population, and rise in disposable income of consumers majorly drive the growth of the wheat fiber market.
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Wheat Fiber Market By region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, Italy, Spain and rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Turkey, Saudi Arabia and rest of LAMEA). Purchase this Report (Price 6,169 USD for single user license): https://www.alliedmarketresearch.com/checkout-final/075c7e69f9952653d41c398fb87ed2c9 Key findings of the study
By nature, the global wheat fiber market is segmented into organic and conventional. The conventional segmented accounted for a major share in the market in 2020; however, the organic segment is projected to experience growth at the highest CAGR during the forecast period.
By application, the wheat fiber market is segmented into food & beverages, pharmaceuticals, animal feed, and others. The food & beverages segment holds the largest market share, accounting for around 44.0% of the total revenue in 2020, followed by pharmaceuticals segment.
By region, North America accounted for highest wheat fiber market share in 2020, and is expected to grow at a CAGR of 5.0%.
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Wheat Fiber Market
Covid-19 scenario
The outbreak of Covid-19 led to the enforcement of lockdown in almost all the countries across the world. It caused significant hardship to several industrial verticals along with the Wheat Fiber Market. There were huge disruptions in the supply chain as well.
Nevertheless, the government bodies are now coming up with relaxations on the existing regulations to help different sectors get back on their feet yet again.
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Wheat Fiber Market About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Wheat Fiber Market Contact Us: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
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