The Dietary Fiber market in North America will grow at a CAGR of 11.74 percent for the forecast period 2014-2018. This is as per the latest research findings by the independent London-based global research firm TechNavio.
The Dietary Fiber market in North America, especially in US, is growing at a steady pace due to the increasing aging population and a growing number of health-conscious people suffering from numerous health-related issues such as obesity and constipation, and certain chronic diseases such as heart disease, cancers, and gastro intestinal diseases. However, the market is facing intense competition, making it highly fragmented and leading to price wars, encouraged by the growing demand for dietary fiber products.
Speaking on this occasion, one of the senior analysts and co-author of this report said,“The Food and Beverages Industry was the major revenue contributor to this market accounting for a 56.28 percent share in 2013. The Global Dietary Fiber market will be witnessing steady growth during the forecast period due to the rising global demand for dietary fibers with North America being the major market, followed by Europe, the APAC region, and the rest of the world.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in order of importance.
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Dietary Fiber Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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Founded in 2003, TechNavio (technavio.com) has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.