Soluble Dietary Fibers Market Projected to Reach $4.99 Billion by 2029


Posted May 24, 2024 by BhavanaMeti

According to this latest publication from Meticulous Research®, the global soluble dietary fibers market is expected to grow at a CAGR of 7.8% from 2022 to 2029 to reach $4.99 billion by 2029
 
Meticulous Research®—a leading global market research company, published a research report titled, ‘Soluble Dietary Fibers Market by Source (Fruit & Vegetables, Cereals & Grains), Type (Inulin, Pectin, Beta-Glucan, Maltodextrin, Oligofructose), and Application (pharmaceuticals, animal feed), and Geography—Forecast to 2029.’
Meticulous Research® recently published a report forecasting that the global soluble dietary fibers market will grow at a compound annual growth rate (CAGR) of 7.8% from 2022 to 2029, reaching $4.99 billion by 2029. This growth is driven by increasing health consciousness, awareness of the benefits of soluble dietary fibers, rising chronic disease rates, and the growing demand from pharmaceutical, food, and feed manufacturers to include these fibers in their products. Additionally, government initiatives promoting healthy food and emerging applications and markets, such as Southeast Asia, Latin America, and the Middle East & Africa, are expected to create lucrative opportunities. However, the market's growth may be hindered by the lengthy and costly regulatory approval process and high manufacturing technology costs.
The global market for soluble dietary fibers is segmented by source (fruits & vegetables, cereals & grains, nuts & seeds, and others), type (inulin, pectin, beta-glucan, polydextrose, maltodextrin, oligofructose, arabinoxylan-oligosaccharides, and others), application (functional foods & beverages, pharmaceuticals, animal feed, and others), and geography. The report also assesses industry competitors and analyzes regional and country-level markets.

In 2022, the fruit & vegetables segment is expected to hold the largest market share due to the high soluble fiber content in fruits and vegetables and consumer awareness of their health benefits. The beta-glucan segment is projected to have the highest CAGR, driven by its versatile applications in various industries and its inclusion in numerous food and beverage products.
The food & beverage segment is anticipated to dominate the market in 2022, attributed to the increasing use of soluble dietary fibers as stabilizers, texturizers, and low-calorie sweeteners. The growing demand for sugar-free and low-calorie foods and changing consumer eating habits also contribute to this segment's growth. Major companies, such as Ingredion Inc. and Cargill, Inc., are investing in research and development to introduce innovative products, further driving market demand.
The Asia-Pacific region is expected to experience the fastest growth, driven by rising health awareness, a booming food & beverage industry in countries like China, India, Japan, and Indonesia, and an increasing number of fitness clubs.
Key players in the global soluble dietary fibers market include Tate & Lyle plc (U.K.), DuPont de Nemours, Inc. (U.S.), Nexira (France), Roquette Frères (France), Cosucra Groupe Warcoing SA (Belgium), FutureCeuticals, Inc. (U.S.), Sensus B.V. (Netherlands), BENEO GmbH (Germany), The Archer-Daniels-Midland Company (U.S.), Ingredion Incorporated (U.S.), Herbafood Ingredients GmbH (Germany), Cargill, Inc. (U.S.), Lonza Group AG (Switzerland), Kerry Group plc (Ireland), Tereos S.A. (France), and Frutarom Industries Ltd. (Israel).
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Key Questions Answered in the Report
Which are the high-growth market segments by source, type, application, and region?
What is the historical market trend for soluble dietary fibers globally?
What are the market forecasts and estimates from 2022 to 2029?
What are the major drivers, restraints, and opportunities in the global market?
Who are the major players, and what is their market share?
How is the competitive landscape structured?
What recent developments have occurred in the global market?
What strategies are adopted by the major players?
What are the key geographic trends, and which countries are experiencing high growth?
Who are the local emerging players, and how do they compete?
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Categories Food , Reports , Science
Tags soluble dietary fibers , fibers , soluble non fermentable fiber
Last Updated May 24, 2024