Soluble Dietary Fibers Market Size, Restraints, Drivers, Trends And Analysis 2024-2033

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Overview and Scope

Soluble dietary fiber refers to a dietary fiber that dissolves in water to create a gel-like substance. Soluble dietary fiber is used to reduce the bad cholesterol level.

Sizing and Forecast

The soluble dietary fibers market size has grown strongly in recent years. It will grow from $3.53 billion in 2023 to $3.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to increased application in weight management products, rising demand in functional foods and beverages, incorporation in gluten-free products, development of clean label products, functional properties in food processing..

The soluble dietary fibers market size is expected to see strong growth in the next few years. It will grow to $5.58 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to rise in plant-based diets, government initiatives for healthy eating, integration in sports nutrition, sustainable sourcing practices, focus on mental health benefits.. Major trends in the forecast period include technological innovations in fiber processing, development of low-carb products, collaboration between food industry and research, improved extraction technologies, sustainability considerations..

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Segmentation & Regional Insights

The soluble dietary fibers market covered in this report is segmented –

1) By Type: Inulin, Pectin, Beta-Glucan, Polydextrose, Maltrodextrin, Oligofructose, Arabinoxylan-Oligosaccharides (AXOS), Other Types

2) By Source: Fruit and Vegetables, Cereals and Grains, Nuts and Seeds, Other Sources

3) By Application: Functional Foods and Beverages, Pharmaceuticals, Animal Feed, Other Applications

North America was the largest region in the soluble dietary fibers market in 2023. The regions covered in the soluble dietary fibers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The rising incidences of chronic diseases are expected to propel the growth of the soluble dietary fibers market. Chronic diseases are ailments that last for a year or longer, impede everyday activities, require continuing medical care, or both. Healthy soluble dietary fibers aid people in living a healthy life and prevent from diseases. For instance, in September 2022, according to a report shared by the WHO, a Switzerland-based specialized agency of the United Nations, noncommunicable diseases (NCDs), also known as chronic diseases, will account for 41 million annual fatalities, or 74% of all fatalities worldwide. Every year, 17 million people under 70 pass away from chronic diseases; 86% of these untimely deaths occur in low- and middle-income nations. Therefore, the rise in the incidence of chronic diseases is driving the soluble dietary fibers market’s growth.

Key Industry Players

Major companies operating in the soluble dietary fibers market report are Tate & Lyle plc, Nexira SAS, Roquette Freres SA, Cosucra Groupe Warcoing SA, BENEO GmbH, Ingredion Incorporated, Cargill Inc., Lonza Group AG, Kerry Group plc, DuPont de Nemours Inc., FutureCeuticals Inc., Sensus BV, Archer-Daniels-Midland Company, Herbafood Ingredients GmbH, Tereos SA, Frutarom Industries Ltd., SunOpta Inc., Fiberstar Inc., Matsutani Chemical Industry Co. Ltd., Grain Processing Corporation, CP Kelco ApS, Taiyo Kagaku Co. Ltd., J. Rettenmaier & Söhne GmbH + Co. KG, Psyllium Labs LLC, Wacker Chemie AG, PMV Nutrient Products Pvt Ltd., Fenchem BioTech Ltd., CFF GmbH & Co. KG, Marshall Ingredients LLC, TIC Gums Inc., Batory Foods Inc., The Green Labs LLC, Nutri Pea Ltd., The Scoular Company, Baolingbao Biology Co. Ltd., Emsland-Stärke Hunekuhl & Co. KG

The soluble dietary fibers market report table of contents includes: