The global fibert market is majorly driven by the increasing demand by the food and beverage industry. Fibert is used in various food and beverage products including, bakery, confectionery, ice cream, spreads, desserts, and alcoholic and non-alcoholic beverages. The fiber market is expected to register a CAGR of 12% over the forecast period, with a valuation of US$7.9 billion in 2022 and an estimated valuation of US$24.5 billion by 2032.
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