The Soluble Fibers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Soluble Fibers Global Market Report 2024, The soluble fibers market size has grown rapidly in recent years. It will grow from $5.19 billion in 2023 to $5.79 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to health and wellness trends, rising chronic health conditions, growing beverage industry, regulatory support and health claims, consumer preference for natural ingredients..
The soluble fibers market size is expected to see rapid growth in the next few years. It will grow to $9.18 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to expansion of food applications, global dietary shifts, increased demand for functional foods, advancements in research and development, clean label and natural ingredients trend.. Major trends in the forecast period include integration with funcational drinks, innovative flavors, retail expansion and accessibility, health claims and marketing strategies..
The increasing digestive problems are expected to propel the soluble fibers market going forward. Digestive issues are gastrointestinal disorders that affect the digestive tract, often known as the gastrointestinal (GI) tract. Digestive tract problem symptoms include bleeding, bloating, constipation or diarrhea, and heartburn. Soluble fiber aids digestion and blood sugar control by softening stool and preventing constipation. For instance, in September 2022, according to a new survey released by the American Gastroenterological Association, a US-based medical organization of gastroenterologists that has over 16,000 scientists and physicians as members, nearly 40% of Americans have discontinued ordinary activities in the recent year owing to unpleasant gastrointestinal symptoms. Therefore, the increasing digestive problems will drive the growth of the soluble fibers market.
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The soluble fibers market covered in this report is segmented –
1) By Type: Oligosaccharides, Resistant Starch, Resistant Maltodextrin, Polydextrose, Beta-Glucan, Other Types
2) By Raw Material: Fruits and Vegetables, Cereals and Grains, Non-Plant Sources, Other Plant Parts
3) By Application: Functional Food and Beverage, Animal Feed, Pharmaceuticals
Product innovations are a key trend gaining popularity in the soluble fibers market. Major companies operating in the soluble fibers market are focused on developing new technological solutions to strengthen their position. For instance, in October 2021, Cargill, a US-based food corporation, launched soluble fibers. Cargill’s new soluble fibers will enable sugar reduction up to 30% as well as the calorie reduction and fiber enrichment in ice cream, as well as confectionery, bakery goods, fillings, cereals, and dairy, whilst maintaining desired appearance, taste and texture. Cargill is investing USD35m in Europe to add the soluble fibers to its current broad portfolio of starches, sweeteners and texturizers.
The soluble fibers market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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