Press release
Soluble Fibers Market Competitive And Growth Analysis 2024 - Major Players, High Growth Strategies And Opportunities | Tate & Lyle PLC, DowDuPont, Nexira Biotech Inc., Ingredion Incorporated
Soluble Fibers Global Market Report 2024
The Business Research Company presents an extensive market research report on the Soluble Fibers Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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..
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Key Market Players:
Major companies operating in the soluble fibers market report are Tate & Lyle PLC, DowDuPont, Nexira Biotech Inc., Ingredion Incorporated, Archer Daniels Midland Company, TIC Gums Inc., Taiyo International, Psyllium Labs LLC, Wacker Chemie AG, Cargill Incorporation, Fiberstar Inc., Marshall Ingredients, PMV Nutrient Products Pvt. Ltd., Fenchem, Tereos S.A., Roquette Freres, Kerry Group Plc, The Green Labs LLC, Lonza Group AG, Cosucra Groupe Warcoing SA, Grain Processing Corporation, Matsutani Chemical Industry Co. Ltd., ADM WILD Europe GmbH & Co. KG, Sensus BV, DSM, Beneo, Incorporated Foodstuffs Pvt. Ltd., Glanbia Plc, Hergestellt GmbH, FiberPro Inc.
Market Drivers:
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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